— Bank of Cyprus 2010 guidance on Thursday — The three major banks, reporting their 2009 preliminary results this week will dominate the earnings calendar, but the real impact in the stock market will be felt on Thursday after Bank of Cyprus releases its guidance for 2010. The largest lender will report its 2009 preliminary
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Democratic Party (DIKO) Central Committee members voted last night by an overwhelming majority to stay in the government coalition. From last night’s ballot, 124 members of the central committee voted to stay in the government while 46 voted to leave. There were two abstentions. In statements after the meeting, DIKO President Marios Garoyian expressed satisfaction
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Aegean Airlines and recently privatised Olympic Air on Monday announced their merger, referring to a "national airline champion" in a press release. Both carriers said their main shareholders reached an agreement on Monday regarding the merger, and the formation for a new listed air carrier. Additionally, they said Olympic Handling and Olympic Engineering (the maintenance
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European stocks eked out small gains on Wednesday against a background of investor caution globally following a dip in U.S. consumer sentiment. The dollar was flat as were euro zone government bonds, with markets focusing on congressional testimony due later in the day from U.S. Federal Reserve Chairman Ben Bernanke. World stocks as measured by
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State Department spokesman Philip Crowley has said that “a very constructive dialogue is going on between Turkey and Greece, between the Turkish Cypriot community and the Greek Cypriot community, aided by the UN”, adding that “we are pleased to play a role in that”. Crowley was asked whether he agrees with a statement made by
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Investors sold shares across the globe on Tuesday, unnerved by falling U.S. consumer confidence and house prices that suggested the economy was still fragile, while German business confidence fell unexpectedly for the first time in almost a year. A flight to safety bid fed into U.S. dollar strength which in turn made commodities less attractive,
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Russian President Dmitry Medvedev will be arriving in Cyprus on October 7 for a two-day official visit. Announcing the visit, Government Spokesman Stephanos Stephanou said President of the Republic Demetris Christofias had sent a letter to Medvedev in January, regarding Turkish provocations, and in his reply, the Russian President expressed his country's appreciation for President
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Home prices unexpectedly slipped in December but the annual rate of decline slowed, reinforcing the housing market's rocky road to recovery, Standard & Poor's/Case-Shiller indexes showed on Tuesday. The S&P composite index of home prices in 20 metropolitan areas declined 0.2 percent in December, matching the dip in November, for a 3.1 percent annual drop.
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U.S. stock index futures held losses on Tuesday after data showed home prices unexpectedly slid in December but the annual rate of decline slowed. S&P 500 futures fell 4.1 points, Dow Jones industrial average futures lost 26 points and Nasdaq 100 futures dipped 6.75 points. The widely followed Standard & Poor's/Case-Shiller index of home prices
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Digital dumping is on the rise, according to a survey, with growing numbers of people preferring to use email and social networking Web sites to break up with their partners. Over one third of 2,000 people polled (34 percent) said they had ended a relationship by email, 13 percent had changed their status on Facebook
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