Marfin Investment Group (MIG) will not make a bid to buy Bank of Piraeus or Bank of Cyprus, MIG's Executive Vice-Chairman Andreas Vgenopoulos said on Wednesday. "At this point, there are two
The European Commission has decided to pursue infringement procedures against Cyprus and 11 Member States for failure to implement certain Internal Market Directives into national law. The Commission will refer Austria, Belgium,
The annual consumer price inflation rate fell for the second consecutive month in September as oil prices levelled off, but remained high by historical standards. The consumer price index rose by 5.3%
The U.S. Senate endorsed a revised $700 billion plan to tackle a financial crisis that has shaken world markets and drawn warnings of approaching economic catastrophe. The plan now faces a final
The European Commission has put forward a revision of EU rules on capital requirements for banks that is designed to reinforce the stability of the financial system, reduce risk exposure and improve
Widening spreads on borrowing applied by Cyprus banks and a global credit crunch have failed to dent the appetite of Cypriots to borrow, with the latest figures from the August 2008 Monetary
British house prices fell 1.7 percent in the month of September to post their biggest annual drop since comparable records began in 1991, the Nationwide building society said on Thursday. Interest rate
Playboy <PLA.N> magazine is offering a new way to lose your shirt on Wall Street. The adult entertainment magazine, long famous for its photo spreads of nude women and lessons in living
The U.S. Senate approved a $700 billion bailout of the financial industry, putting pressure on the House to approve a plan that political and financial leaders called crucial to averting economic castastrophe.
The White House expressed hope on Wednesday the Senate would pass a revised $700 billion financial rescue package in the evening, after the House of Representatives voted down a bailout measure earlier
