The overall outlook for the ratings of Dutch banks remains stable, reflecting the sector’s sound financial condition, the low risk profiles of the major banks and a robust regulatory environment but also a relatively low level of profitability, Moody’s Investors Service said in its new Banking System Outlook for the Netherlands. Nonetheless, selective upgrades or
More
Infocomm Development Authority of Singapore (IDA) announced the award of an eight-year information technology services deal worth approximately S$ 1.3 bln (US$ 1 bln) to EDS, leader of the oneMeridian consortium. This deal represents one of the largest IT projects ever undertaken in Asia and will help the Singapore government achieve a standard desktop, network
More
Fraport AG is selling its ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds for a purchase price of EUR 100 mln, payable once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser.
More
“2007 was another year of solid performance, with underlying earnings per share growth outpacing our Ambition 2012 target” said Henri de Castries, Chairman of AXA’s Management Board. “The reported numbers reflect the combination of a strong organic growth in all our business lines, the successful integration of Winterthur and confirm that the strength of our
More
Hellenic Bank Pcl (HB) is set to add to the negative mood currently affecting banking shares after it revealed a 15% decline in its projected 2008 pre-tax profit forecast to EUR 131 mln compared to EUR 153 mln for 2007. On Thursday, the CSE went into a free-fall shedding 9.8% after Bank of Cyprus was
More
The Scientific Commission for Animal Diseases of the World Organisation for Animal Health (OIE) has recommended to the International Committee of the OIE to reinstate the FMD-free status of the UK and Cyprus as of 19 and 21 February 2008 respectively. The United Kingdom and Cyprus have eradicated Foot-and Mouth disease (FMD) from their territories
More
Four runner ups of leftwing AKEL party in the May 2006 parliamentary elections will be nominated members of the 56-seat House of Representatives following the election of Demetris Christofias as President of the Republic of Cyprus and the appointment of three AKEL MPs in the new Cabinet. The four new members of the House are
More
Cypriot President Demetris Christofias has called on Turkish Cypriot leader Mehmet Ali Talat to speak in undertones regarding the Cyprus problem, noting that ”comments either side, if we wish to work properly, should be avoided.” ”This is my message to Mr. Talat, if we really want to work seriously for a Cyprus settlement,” Christofias said,
More
According to PandaLabs, cyber-crooks are looking for ways to test their creations before distributing them. An investigation conducted by the malware analysis and detection laboratory at Panda Security, has shown that cyber-crooks are collaborating on different forums and pages to develop test-tools that replicate the scans of some of the leading security solutions. This allows
More
Charilaos Stavrakis has today resigned from his position as Chief Executive Officer Cyprus and Deputy Group Chief Executive Officer, as well as member of the Board of Directors of Bank of Cyprus Public Company Ltd and of all the other Boards of Directors of subsidiary companies to which he was a member, due to his
More