World stocks rose on Wednesday and Greece's borrowing costs fell on the prospects of a Greek bailout, while safe-haven German government bond prices dipped and the euro eased after the previous session's hefty gains. Oil prices fell after data showed a large build in U.S. inventories but gold prices were flat, taking a pause from
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Google Inc is tapping its huge network of Gmail users and Web surfers to create a Buzz that it hopes will help it catch up with online social networking leaders Facebook and Twitter. The world's No. 1 search engine on Tuesday launched Google Buzz, which allows users to quickly share messages, Web links and photos
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Cyprus indirect tax receipts for January 2010 excluding VAT continued to decline, with the January decline at 13% year-on-year to EUR 27.2 mln while total receipts including VAT fell by 5.9% YoY to EUR 145.3 mln according to the Department of Customs and Excise. VAT receipts, which constitute the biggest part of indirect taxes receipts
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MIG hereby announces that on 8/2/2010 the Board of Directors of the Hellenic Capital Market Committee (HCMC) approved the Prospectus for the issuance of the convertible bond loan of MIG of a total amount of 402.8 million euro. The nominal value and placement price of each bond will amount to 4.77 euro. Existing shareholders will
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Marfin Investment Group Holdings S.A. announced that the Board of Directors of the company at its meeting of 9/2/2010 appointed Mrs. Areti Souvatzoglou, Chief Executive Officer of its subsidiary HYGEIA S.A., as new member of the Board in replacement of the resigned member Efthimios Bouloutas. At the above meeting, the Board of Directors was also
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The Cyprus Employers and Industrialists Federation (OEB) has awarded the annual Financial and Business Excellence awards. The Bank of Cyprus, a leading financial institution, was presented with the award for the best business in Cyprus. It was also presented with the award for best financial services. Deloitte secured the award for best professional services, Apollonio
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The Director-General of Eurostat, Walter Radermacher met Minister of Finance Charilaos Stavraki and state officials competent on economic issues, during his one-day visit in Cyprus, on Monday. According to announcement, issued today by Statistical Service of Cyprus, Radermacher was informed about the statistical system of Cyprus, and the forthcoming challenges of conducting a census of
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Cyprus President Demetris Christofias departs Wednesday for Brussels, in order to participate in the Informal Council of heads of state or government of the European Union that begins on Thursday. According to the Spanish Presidency of the EU, the leaders of the Union will meet in Brussels to seek a commitment towards implementing a revitalised
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If the European Union can't quell concerns over Greece's debt burden, the International Monetary Fund may have to step in, whether or not its help is welcome. German sources told Reuters on Tuesday European governments have agreed in principle to help Greece in what would be the first rescue of a euro zone member in
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Asian stocks rose on Wednesday on signs that the European Union may rescue debt-strapped Greece, coaxing nervous investors back to riskier assets, but uncertainty over the plan weighed on the euro. Major European shares were expected to open higher for a third day, on hopes for Greece, though U.S. stock futures were marginally lower. Deteriorating
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