Marfin Popular Bank Public Company Ltd (CPB) announced the successful completion of the Capital Securities 2009 issue, which amounted to EUR242,229,000 (total amount offered was EUR250m). The issue was addressed to a limited group of individuals, professional investors and individuals who invested at least EUR50.000 each. The Capital Securities will bear a fixed interest rate
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The Annual General Meeting of shareholders of Bank of Cyprus Public Company Ltd (BOCY) approved the payment of a final dividend of EUR0.12 in addition to the EUR 0.15 interim declared and paid last year. Ex-dividend date for the final dividend will be 21 May 2009 while payment date is 10 June 2009. The dividend
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Turkish municipalities are currently facing a challenging combination of a severe economic downturn and tight funding environment, Moody's Investors Service said in a new Special Comment. Moody's expects municipal budgets to be impacted by the economic downturn that is hitting Turkey primarily on the revenue side, since a high proportion of their revenues comes from
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Candidacies for the European Parliament elections are being submitted here today, officially signaling the start of the election campaign. Candidacies can be submitted from 0900 (0600 GMT) hours to 1230 local time either directly by the candidate him/her self or by his/her supporters. The official results of the European Parliament elections, to be held in
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Documents made public on Wednesday confirm former U.S. Treasury Secretary Henry Paulson gave nine major banks no choice but to allow the government to take equity stakes in them as the Bush administration moved to address turmoil in the financial industry. The documents, obtained by the public interest group Judicial Watch under a Freedom of
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Britain's top share index fell 0.3 percent early on Thursday, its fourth straight day in the red, weighed by commodity stocks, as concerns about the state of the global economy resurfaced. By 0757 GMT the FTSE 100 was down 11.17 points at 4,320.20, having fallen 2.1 percent to 4,331.37 points on Wednesday. The index is
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The Obama administration moved on Wednesday to exert more control over the shadowy over-the-counter derivatives market, now closely linked to the global credit crisis. Federal regulators proposed subjecting all over-the-counter derivatives dealers — whose trades are not made through an exchange, making them hard to monitor — to "a robust regime of prudential supervision and
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Asian stocks fell on Thursday as weak U.S. retail sales underscored the long road to economic recovery, prompting investors to take profits on winning bets in equities, higher-yielding currencies and commodities over the past two months. The retreat in Asian shares tracked an overnight drop on Wall Street after retail sales unexpectedly fell in April,
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World stocks fell for a fourth straight day on Thursday while the low-yielding dollar and yen advanced as weak U.S. retail sales data prompted investors to cut back on risky assets after their nine-week rally. Oil prices also fell while government bonds rose as investors took a break from a risk buying frenzy after data
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Demand for energy-thirsty gadgets such as cell phones, iPods, PCs and plasma TVs is undoing efficiency gains elsewhere, the International Energy Agency said on Wednesday. The Paris-based energy adviser to 28 developed countries urged governments in a report to keep pace with the invention of new consumer devices when crafting efficiency standards, and implored people
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