A reduction in aircraft traffic was recorded at Larnaca and Paphos airports during July and August 2007, compared with the corresponding period last year. An official press release issued here said that in July this year aircraft traffic at Larnaca International Airport, on the south coast, dropped by 5.8% and cargo traffic by 16.7%, while

2-year Treasury notes have posted their biggest gains in more than five years. Deepening concerns about housing and credit-market losses sent investors flocking to the safety of Treasury bonds. The yield on the 2-year note dipped to 3.78% while the yield on the 10-year fell to 4.39%. The price action left the yield curve, as

With energy requirements and climate change remaining key issues, there is a need for more explicitly green environmental strategies, writes Giorgio Cortiana in the latest issue of UBS Investor’s Guide. The US has developed a comprehensive policy aimed at reducing the growth of emissions and promoting innovation. The US administration plan calls, among other things,

Government bonds have once again shown themselves to be a safe haven during the recent market turmoil. Now, however, there may be clouds on the horizon for the bond markets according to Dirk Effenberger writing in the latest edition of UBS Investor’s Guide. The oil price has risen to an all-time high, but this is

Emerging Asian currencies (AXJ) have gained ground against the USD. However, AXJ strength reflects a passive appreciation, since they have lost strongly versus other G10 currencies. Asian central banks’ foreign reserve growth remains buoyant with growth rates ranging from 10% to 40%. This development is unsustainable, according to Dominic Schnider writing in the latest UBS

UBS analyst Thomas Flury expects EURUSD to top out at around the 1.45 level according to the latest UBS Investor’s Guide. Fed rate cut expectations are already very high and will hardly drive the currency pair going forward. But EURUSD normally falls when risk aversion leads to a reduction of carry trades. Such falls can

Marfin Investment Group (MIG) announced that it has reached an agreement for its participation in the largest department store chain in Serbia, JSC Robne kuće Beograd (RKB), after an auction that was conducted today by the Serbian Privatisation Agency (SPA). An agreement has been reached with Verano Motors d.o.o Belgrade (Verano), the highest bidder in

The prospects of Lombard Bank Malta plc have improved following the decision of Marfin Popular Bank to acquire a 43% shareholding for EUR48.3 mln (Lm20.7 mln); equivalent to approx. Lm5.58 per share, according to Rizzo, Farrugia & Co. (Stockbrokers) Ltd., members of the Malta Stock Exchange and licensed to conduct Investment Services business by the

The investing public is informed that the interest for the quarter 20/08/2007-19/11/2007 on the floating rate Capital Securities Series A and Series B issued by Bank of Cyprus Public Company Ltd will be paid on 20th November 2007. The record date for those eligible to the interest payment is 6th November 2007, that is buy