AUDUSD and NZDUSD have fully recovered from the 10% to 15% August sell-off of high-yielding currencies. The trigger for this recovery has been broad USD weakness and increasing risk appetite. Following the Fed interest rate cut of 50bp, investors are focusing again on return. As a consequence, implied volatility in these currency pairs has fallen.
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The CSE Council announced that it has accepted the listing of 133,571,429 nil-paid rights of Sea Star Capital Plc. The nil-paid rights were allocated in the ratio of 1 Right per share. Each right exercised will be converted into two Company’s shares of nominal value CYP0.025 each with an exercise price of CYP0.152 or EUR0.26
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Hellenic Bank Public Company Ltd announced that at a meeting held on October 3, 2007, the Board of Directors appointed Pieris Th. Theodorou, General Manager and Secretary of Hellenic Bank Public Company Ltd, as new Executive member of the Board of Directors. The appointment is effective from October 12, 2007, when the Central Bank of
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Ermes Department Stores Plc announced that its subsidiary in Greece, Fashionlink SA, has signed a long-term lease agreement, for the opening of two new stores in Talos shopping centre, which is currently under construction in Heraclion – Crete. The Italian firm Oviesse will open its first shop. In the past 35 years, Oviesse offers high-quality
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The Cyprus government has submitted a new revised proposal to the UN to facilitate the opening of a crossing point in the capital, leading to the northern Turkish occupied areas, and of another crossing point on the north-west of the country. The proposal was handed by Cyprus President Tassos Papadopoulos to UN Secretary General Ban
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COMMENT: By John O’Donoghue, Consultant Adviser, Caratfin Ltd. I find it very strange indeed that at a time when bad news continues to arrive by the bucketful – among the latest pieces of news I’ve seen are comments that major American Institutions are going to have to write down $20 billion (and growing) because of sub-prime,
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COMMENT: By Patrick Skinner  I have been a judge at a number of wine competitions including several of the Ruinart Sommelier of the Year, but last week marked something totally new for me. The distributors of the best-selling Belgian beer, Desras Trading, invited me to be one of four ‘Consumer’ Judges at the Cyprus
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The Swiss Franc’s (CHF) ongoing weakness — the EUR/CHF rate is at a record high — is unlikely to prompt the SNB to shift away from the “on hold†stance signaled at the September policy meeting, according to Citigroup research dated 11 October. This does not mean that the SNB pays no attention to the
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All warrant holders of Unigrowth Investments Public Ltd are informed that the warrant exercise period is November 1 – 15, 2007, 2008 and 2009. Warrant holders who wish to exercise their warrants must submit the warrant exercise price of CYP0.13 or EUR0.2232 per warrant.For every warrant exercised, 1 warrant will be allocated gratis with an
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The first round of the presidential elections will be held on 17 February 2008, followed by a second round on 24 February 2008 if no candidate secures 50% plus one vote in the first round. Minister of the Interior Christos Patsalides said during a press conference on Thursday that on 4 January 2008 the Minister
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