Jean-Claude Mas, whose breast implant firm Poly Implant Prothese (PIP) has sparked an international health scandal by using substandard silicon, was arrested on Thursday and could be charged with manslaughter, a French police source told Reuters. Mas was arrested at around 7 a.m. (0600 GMT) at his home in southern France and police searched the
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The European Central Bank has ruled out taking voluntary losses on its Greek bond holdings but is now debating how it would handle any forced losses and whether to explore legal options to avoid such a hit, central bank sources told Reuters on Wednesday. Earlier this month, speculation that the bank was considering taking losses
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Equities, commodities and the euro extended gains on Thursday after the U.S. Federal Reserve said it would keep interest rates low for a much longer-than-expected period, providing ample liquidity to help spur growth. The prospect for unfavourable interest rate differentials undermined the dollar, pushing it to a five-week low against the euro as the U.S.
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Financial markets' sentiment towards the euro zone may have turned the corner, but banks will offer no more concessions in crucial talks to reduce Greece's private sector debt, BNP Paribas chairman Baudouin Prot said on Wednesday. He said the European Central Bank's move to flood the banking sector with almost half a trillion euros in
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Greece hoped on Wednesday it could wrap up tortuous negotiations on a debt swap as early as this week when private creditors return to Athens for a fresh round of talks to avert a chaotic default. After weeks of bargaining, deadlocks and an intervention by euro zone ministers, Greece and its bondholders find themselves back
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Germany sold 30-year bonds at a record low yield on Wednesday, helped by safe-haven buying as growing uncertainty over Greek debt talks reminds investors the euro zone crisis could yet worsen. It received just over 5 bln euros of bids for the 3 bln euros of paper offered – more than the 2 bln euros
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Cyprus will seek up to 250 mln euros in total in 30- and 60-day and 13-week treasury bills in three separate auctions to be held on Friday, the finance ministry said on Wednesday. Authorities will seek up to 100 mln euros each in the auctions on a bid-price basis of 30- and 60-day bills, and
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An unemployed Irish artist has built a home from the shredded remains of 1.4 billion euros ($1.82 billion), a monument to the "madness" he says has been wrought on Ireland by the single currency, from a spectacular construction boom to a wrenching bust. Frank Buckley built the apartment in the lobby of a Dublin office
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Further to the initiative of companies engaged in the field of the provision of fiduciary services as well as the management and administration of companies engaged in international business activities, the establishment of the CYPRUS FIDUCIARY ASSOCIATION (CFA) was achieved on the 3rd of November 2011. The main purposes of the Association are the following:
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UN-led Cyprus talks at Greentree, Long Island, between the leaders of the two communities in Cyprus have concluded, without any concrete results, according to diplomatic sources. UN Secretary General Ban Ki moon, Cyprus President Demetris Christofias and Turkish Cypriot leader Dervis Eroglou were engaged in talks in the past two days, which are said to
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