Former Fed chairman Alan Greenspan warned that the credit cycle has turned, qualifying the US housing market as bubble. In addition, by suggesting that the relationship between growth and inflation has changed he provided the most powerful argument that investors will have to reduce leverage. The combination of low inflation and high economic growth rates

Sterling broke lower through the 2.000 level despite news that  Qatar’s investment arm is close to acquiring a nearly 30% stake in the London Stock Exchange from the Nasdaq Stock Market Inc., a purchase that would give the Middle Eastern government a high-profile position in the current scramble for dominance among the world’s stock markets.

The European Union’s Court of First Instance rejected Monday Microsoft’s appeal against an EU-wide antitrust order that could force the software giant to share vital programming codes with its rivals, while also imposing on Microsoft Corp. to sell its flagship Windows platform without the bundled Media Player. The court in Luxembourg ruled against Microsoft in

A delegation of the Cyprus Chamber of Commerce and Industry will visit Estonia and Sweden aiming to promote Cyprus as an international centre for services.The delegation will hold business meetings in both countries and will address special seminars organized by the corresponsive chambers of Tallinn and Stockholm promoting Cyprus as an international services’ centre.The delegation

Marfin Investment Group Holdings S.A. revealed that its total percentage of voting rights held in the “Hellenic Telecommunications Organization S.A.” amounts to 10.805 %. Of the above percentage, a) 6.3629 % corresponds to 31,187,757 shares of the Issuer held directly by the Company and b) 4.4421% corresponds to 21,772,970 shares of the Issuer, which the

But market still segmented   The Cyprus tourism sector rebounded in August, the second most important month for the sector, as arrivals shot up by 8.1% over August 2006 to reach 340,534. This compares with a rise of 3.2% in July and a fall of 1.7% over the first seven months of 2007. The August

The industrial turnover index (comprising mining and quarrying; manufacturing; and electricity, gas and water supply) in June 2007 reached 145.5 (base 2000 = 100), recording a rise of 4.8% compared with June 2006. For the period January-June 2007 the index recorded an increase of 6.9% compared with the same period of the previous year. For