Aspis Holdings Plc (ASP.CY) has issued ambitious revenue and profit growth targets for the period 2008-2010 as the insurance, financial services and entertainment group seeks to broaden its activities through an aggressive expansion drive abroad as well as new investments. The targets were revealed during CSE’s road show in London when the Company presented its
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The Bank of England cut interest rates by a quarter-percentage point for the third time in five months in an attempt to cushion the economy from the global credit squeeze. The cut to 5.0 percent had been widely expected following data pointing to a downturn in the housing market, falling consumer confidence and a slowing
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The U.S. economy has already slipped into recession or will do so this year, according to a forecast of economists in the Blue Chip Economic Indicators Survey released. However, the recession is not expected to be particularly deep or protracted, eased by a string of interest rate cuts from the Federal Reserve and an economic
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(Reuters) – The U.S. trade deficit widened unexpectedly in February as imports of consumer and other goods set a record and grew faster than exports, which hit a record for the 12th consecutive month, a U.S. government report showed. The monthly deficit widened 5.7% to $62.3 bln, from an upwardly revised estimate of $59.0 bln
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…personal value of goods to increase to EUR 260 The Commission adopted a proposal for a Council Regulation amending the "Green Line Regulation" to further facilitate trade on the island of Cyprus. The proposal provides for a general lifting of duties on agricultural products originating in the northern part of Cyprus when being traded across
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WASHINGTON (Reuters) – The Federal Reserve is mulling further steps to address liquidity problems in financial markets in case measures taken to date fail to gain traction, a Fed official confirmed. Steps under review include the Treasury Department borrowing in excess of its requirements and depositing the surplus at the Fed. This would allow the
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SFS Group Pcl (SFS.CY) is aiming to maintain revenue growth rates of over 20% per annum from continuing operations, whilst seeking to maintain its Return on Equity (ROE) target above 20%. SFS revealed its targets during CSE’s road show in London when it presented its 3-year strategic targets.Amongst others, SFS Group wants to: a) Contain
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…world growth outlook cut Cyprus’ rate of real GDP growth in 2008 will be reduced to 3.4 percent from 4.4 percent in 2007, before advancing to 3.5 percent in 2009, according to the latest World Economic Outlook issued by the International Monetary Fund (IMF). The IMF forecast are significantly lower than those of the Ministry
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Minister of Defence Costas Papacostas, in an interview with the Cyprus News Agency, outlines his vision and his priorities regarding the Cypriot armed forces, saying he will work to resolve various pending issues and reduce military service. Speaking almost a month after his appointment to the top of the hierarchy of the Ministry of Defence,
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