World stocks tumbled on Monday, after seven weeks of gains, and oil and the euro fell as concerns intensified the spread of swine flu, which has killed more than 100 people in Mexico, would hit the global economy. Travel and leisure-related stocks tumbled while the Mexican peso fell 2 percent against the dollar as the
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Oil prices fell more than 4 percent towards $49 a barrel on Monday, pressured by fears of a global flu pandemic that could prove another setback for the the fragile world economy. U.S. crude oil futures for June delivery were down $2.11 to $49.44 a barrel by 0758 GMT, erasing some of Friday's gains of
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The investing public is informed that the interest for the quarter 20/02/2009 -19/05/2009 on the floating rate Capital Securities Series B issued by Bank of Cyprus Public Company Ltd will be paid on 20th May 2009. The record date for those eligible to the interest payment is 11th May 2009, that is holders of the
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By Sophie Hardach Parisian Malcolm Hammer leads a life that many students would recognise: he shares a flat with friends, has a string of jobs and holds clear political views, but his plans for the future are less certain. Hammer left university more than six years ago but, like thousands of other French graduates, he
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The U.S. Treasury is expected to make a new debt restructuring offer to Chrysler's first-lien lenders as soon as Monday in the wake of cost-cutting deals the struggling automaker won with unions, people briefed on the negotiations said on Sunday. Chrysler's lenders are owed $6.9 billion in secured loans that stem from the 2007 deal
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Asian stocks slipped on Monday as the outbreak of swine flu in North America hurt shares of airlines and transport companies while prompting some market players to trim risky positions, hitting currencies like the Australian dollar. Japan's Nikkei average bucked the trend and rose 0.8 percent as drugmakers such as Chugai Pharmaceutical on an expected
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By Mark Bendeich Australia has thrown out the welcome mat to Chinese investment, but some recent decisions suggest that a genuinely warm welcome is still far from assured. Investment experts argue that Australia's 34-year-old foreign investment regime remains murky and sometimes unpredictable, despite government claims to the contrary, and say the whole process can become
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The Board of Directors of Hellenic Bank Public Company (HB) decided to announce its intention to submit a public offer to the shareholders of Athena Cyprus Public Company (ATH) for the acquisition of up to 100% of the share capital of Athena. The consideration that will be offered is 1 share of Hellenic Bank for
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Cyprus’s political parties commemorated the 94th Anniversary of the Armenian genocide by the Turks by issuing statements of support for the Armenian people. Cyprus is among the first nations to have recognised the Armenian genocide by the Turks and is one of the key supporters of Armenia in the EU. Armenians around the world mark
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The Central Bank of Cyprus announced the issue, on behalf of the Government, of new 1.50% Government Treasury Bills with a 35-week duration. The issue will be EUR1 bln and the Bills will be sold by tender only to interested credit institutions. The tender will take place on 27.4.2009 and the issue date will be
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