Hellenic Bank (HB.CY) announced that the shares that will result from its dividend reinvestment will be offered at a 12% discount on the average closing price of the share between 9 June 2008 and 13 June 2008, (i.e. the first five business days that the share traded ex-dividend). This stands at EUR 2.36.
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Deutsche Bank AG has initiated coverage on Marfin Investment Group (MIG) with a price target of EUR 7.10 per share. In its report dated 18 June, 2008, DB says MIG disposed of its banking assets in 2007 and raised EUR5.2bln through the largest ever Greek equity offering to focus on investments in the SEE region.
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The World Bank sharply raised its forecast for China's inflation, saying it expects consumer prices to rise 7.0 percent this year, up from 4.6 percent projected in February. The bank also nudged up its projection for gross domestic product growth in 2008 to 9.8 percent from 9.6 percent, because new data revealed a stronger service
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Switzerland's central bank is demanding UBS and Credit Suisse build a bigger financial cushion to save a repeat of the subprime mortgage disaster that spoilt the country's reputation as an unshakeable powerhouse. If the influential central bank gets its way, UBS and Credit Suisse will have to hoard more capital than their anglo-saxon rivals and
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The leaders of the Greek and Turkish communities in Cyprus will meet this month and in July to assess whether direct peace talks can start soon, Cypriot President Demetris Christofias said on Thursday. "We want to pass to this phase of our common efforts but we must not work for the sake only of these
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Woodland Designs Plc (WOOD.CY) informed the investing public that the results for the first half of 2008 are expected to show improvement compared to the corresponding results of 2007. The improvement is attributable to the increase in wholesale sales and the receipt of a dividend from its stake in Attica Department Stores SA.
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The Extraordinary General Meeting of Laser Investment Group Plc held on June 17, 2008 approved a proposal authorising the Board of Directors to proceed with the strengthening of the Company’s capital base by EUR10 mln with the issue and allocation of up to 10 mln new shares of nominal value EUR0.06 each at the price
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KEO Pcl (KEO.CY) announced that it has disposed its two plots of land in the ‘Tombs of the Kings’ area in Paphos to ‘Athiari Commercial (Paphos) Ltd’ and ‘Athiari Residential (Paphos) Ltd’ for the amount of EUR 61.4 mln. The profit after taxation from the sale stands at EUR 27.8 mln and will be included
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The Council of Ministers has appointed a committee of inquiry to conduct a full investigation into last week’s collapse of part of the roof of the capital’s Municipal Theatre. Government Spokesman Stephanos Stephanou announced here today that the Cabinet also took important decisions relating to the promotion of the safety of public buildings. The three
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Cyprus is participating in the ExpoZaragoza 2008 international exhibition, in Spain, with its own stall, presenting images and replicas of exhibits from the archaeological museum, linked to the culture of the island and water. ExpoZaragoza 2008 is focusing this year on water and sustainable development and is being held from June 14 to September 14
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