British house prices are likely to fall 5 percent this year, a Reuters poll of economists showed, and many believe they could tumble twice that as soaring consumer inflation restricts the scope for interest rate cuts. Forecasts for 2008 house prices on an annual basis ranged from a 10 percent fall to a 2.9 percent
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Cyprus property sales registered a 17% Year-on-Year reduction in the first quarter of 2008 according to data from the Cyprus Land Registry. The value of property deals transacted in the first quarter of 2008 reached EUR 794 mln compared to EUR 956 mln in the same period in 2007 for a 17% decline. A similar
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Hewlett-Packard Co is in talks to buy technology outsourcing company Electronic Data Systems Corp for $12 billion to $13 billion in a deal which would vault it to a close second to IBM in technology services. The acquisition would be HP's biggest since its $19 billion acquisition of Compaq in 2002. Shares of EDS rose
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Societe Generale, the French bank hit by the world's worst rogue trader scandal, reported a 23.4 percent fall in first quarter net profit although earnings came in above the average market forecast. Net profit fell to 1.096 billion euros ($1.69 billion), mainly due to a 79 percent fall in net profit at its corporate and
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U.S. office supplies retailer Staples Inc raised its bid for Dutch peer Corporate Express to 8 euros a share, calling the offer the best option available to the latter's shareholders. Corporate Express repeatedly turned down Staples' original bid of 7.25 euros a share — a deal valued at about 2.5 billion euros ($3.83 billion) —
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Government delegation headed by Nicos Nicolaides, Minister of Communications and Works, visited on Monday 12th May the construction site of the new terminal of Pafos. The delegation was updated on the works and the agreed schedule, by Hermes Airports Ltd and the representatives of the construction company Bouygues Batiment International. Immediately after, the delegation toured
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The CSE Council in agreement with the SEC decided to delist the title of Aristo Developers Plc (ARD.CY) pursuant from the CSE pursuant to Article 178(1) of the CSE Law, in view of the fact that after the finalization of the procedure for the acquisition of the Company by Dolphin Capital Atlantis Ltd, Dolphin Capital
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Cytrustees Investments (CYTR.CY) has decided that the purchase price of the shares that will be allocated as part of the Dividend Reinvestment Plan for the dividend that was approved by the Annual General Meeting dated April 16, 2008 of EUR0.10 per share has been set at EUR1.19. The days that have been taken into account
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Α Ministerial Committee, dealing with the employment of foreign workers in Cyprus, has taken a series of decisions to improve employment terms and conditions and tackle pending problems. The Committee has decided that foreign housemaids and employment agencies have to contribute to a guarantee, payable for the employment of foreign workers in Cyprus. Announcing the
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The Turnover Volume Index of Retail Trade for the period January – February 2008 is estimated to have recorded an increase of 13,4% compared to the first two months of the previous year. According to the latest data, released here today by the Cyprus Statistical Service (CyStat), the Index in January 2008 decreased by 61.1
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