The Cyprus branch of the Institute of Directors (IoD) is organising a lecture next month on Risk Management to be delivered by Dr. Alan E. Waring, an authority on the subject and a regular contributor to the Financial Mirror. The lecture will be delivered at the Auditorium of the Bank of Cyprus Headquarters at Ayia
More
International award-winning environmentalist Brian Ellis has noted in a study that a “Waste-to-Energy” power station in Cyprus would allow the island to avoid future EU sanctions for carbon emissions but points out that it would be better to implement this project in the private sector rather than the public sector. In a 28-page essay, “The
More
35-year B-O-T to invest € 1bln The project for the redevelopment of the marina and port of Larnaca, estimated to cost about 1 bln euros, will officially get underway next week, with Communications and Works Minister Nicos Nicolaides saying that the commencement of the negotiations will begin with the successful bidder, A. Vouros Consortium. The
More
Global stocks fell to a 1-1/2 week low on Friday while the dollar rebounded against a basket of major currencies as investors cut risky bets after U.S. data showed an unexpected fall in new orders for durable goods. U.S. stock futures fell on the data, foreshadowing a lower start on Wall Street. The report came
More
European shares fell in afternoon trade on Friday after data showed an unexpected fall in U.S. durable goods orders for August. By 1301 GMT, the FTSEurofirst 300 of top European shares was down 0.3 percent at 984.37 points, after trading at 989.22 points before the announcement. The index, which tumbled 1.9 percent to a two-week
More
Increasingly volatile currency moves are becoming a headache for largely-unhedged equity investors and corporates as markets prepare themselves for central banks to wind down super loose money conditions. The dollar hit a 13-month low against major currencies this week as risk-hungry investors dumped low-yielding assets, while sterling fell to its lowest in 6 months versus
More
By Lesley Wroughton The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique. Leaders of the G20 developed and developing nations also agreed to make the International
More
Citigroup Research has lifted its price target on the shares of Marfin Popular Bank (CPB) from EUR 3.25/share to EUR 4.00/share in a research note dated September 24, 2009 at a time when the share price, trading near EUR 2.80/share is down 73% from its peak because of concerns on growth outlook and risk. (More
More
The United Nations in Cyprus has described Friday as “totally false” allegations that Special Adviser to the Secretary General, Alexander Downer, has business interests in Turkey and that these interests constitute a conflict of interest. A statement by the UN Cyprus Spokesperson, Jose Diaz, said that “allegations that the Special Adviser to the Secretary General,
More
British institutional investors have expressed their interest in the Cyprus capital market and economy, during the road show the Cyprus Stock Exchange held in the United Kingdom According to an announcement issued today by the CSE, the road show was carried out on Thursday, September 17, 2009 within the framework of the 2nd Annual Cyprus
More