Toyota Motor Corp, the world's biggest automaker, on Monday forecast its first ever group operating loss due to a relentless global slide in car sales and a crippling rise in the yen. Toyota had been expected to issue its second profit warning in less than seven weeks, after domestic rival Honda Motor Co also took
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The enthronement of the new Maronite Archbishop of Cyprus, Joseph Soueif, took place Sunday in the Maronite Church in Nicosia. The ceremony was attended among others by President of the Republic of Cyprus Demetris Christofias, Archbishop of the Church of Cyprus Chrysostomos II, Bishops of the Holy Synod of the Church of Cyprus, Maronite Archbishops
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By Phil Wahba Last week, New York University and Carnegie Mellon sent a new class of math whizzes out into a profession that is both blamed for the financial collapse and charged with preventing it happening again. Many of these so-called quantitative analysts, or "quants," graduating from elite financial engineering courses will end up writing
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German stock exchange operator Deutsche Boerse will pay $10 million to acquire U.S.-based financial news agency Market News International from China's Xinhua Finance The deal was set to close by the end of January 2009 subject to approval of the German competition commission, it added. It said the acquisition would expand its real-time information offerings
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Asian shares fell and the dollar retreated on Monday as investors locked in profits from recent gains after weak exports data from Japan and worsening outlooks at blue chips such as Toyota add to the economic gloom. European shares were also seen lower on Monday though a timid recovery in commodity prices could lend support
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Japan warned on Monday it was sliding deeper into recession after exports and business sentiment tumbled, while Ireland became the latest nation to pump cash into banks crippled by the worst financial crisis in 80 years. The world's second biggest economy, which slashed interest rates to a rock-bottom 0.1 percent last week and announced $54
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Greece's opposition Socialist party has stretched its poll lead to as much as 6 percentage points over the ruling Conservatives amid public discontent over the handling of the worst rioting in decades, surveys showed on Sunday. Anti-government protests have entered a third week since the Dec. 6 killing of a 15-year-old boy by police but
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The CSE Council announced that it has accepted the listing of 13,251,955 ordinary shares of Bank of Cyprus Public Company Ltd, which have resulted from the Dividend Reinvestment Plan from December 23, 2008. The shares were issued to the shareholders who participated in the Bank’s Dividend Reinvestment Plan at a discount of 15% to the
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Marfin Popular Bank Public Co Ltd (CPB) announced the finalization of the agreement with CNP Assurances signed on 22 July 2008, with regards to the development of insurance activities in Greece and Cyprus via CPB’s bank networks. According to the agreement CNP will acquire 50.1% of the insurance operations of CPB (Marfin Insurance Holdings Ltd)
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Turkey must overcome internal divisions and get back to long-delayed reforms early next year to show it is serious about wanting to join the European Union, the bloc's enlargement chief said in an interview. EU Enlargement Commissioner Olli Rehn said he expected more Balkan countries to apply for EU membership following Montenegro's move earlier this
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