Donald Nolan and James Crouse of the Chicago-based Nolan Law Group filed a lawsuit on Monday against The Boeing Company and others for the wrongful deaths of passengers of a Greek Army helicopter that crashed into the Aegean Sea on September 11, 2004, killing all aboard including Petros VII, Patriarch of Alexandria and All Africa.
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The Securities and Exchange Commission has not allowed the publication of the Public Offer Document for the acquisition of CPI Holdings Public Ltd by AL Prochoice, as this has been prepared by the Company’s consultants, since it believes that its content has shortages and does not meet the requirements. The Company will take all necessary
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Salamis Tours (Holdings) Public Ltd announces that cruise ship Salamis Glory has returned from the port of Haifa to the port of Limassol and continues its program normally.
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Citigroup has commenced coverage on Marfin Popular Bank with a Buy (1H) rating and EUR12 target price. MPB is the product of a 2006 three-way merger. It is run by an entrepreneurial management team focused on making money. Dubai is the core shareholder and an enthusiastic financial sponsor. Marfin raised EUR400 million in 2005 with
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The increasing diversity of European covered bonds means that investors should take a close look at the risks to which they are exposed, according to a report published today by Standard & Poor’s Ratings Services. “While the default risk of two seemingly similar covered bonds may allow both to be rated ‘AAA’, investors must now
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 The CSE will organise a one-day presentation to representatives of Provident, Pension and Investment Funds as well as other local institutional investors in October as part of its drive to provide information regarding its future plans. The presentation will focus on the latest developments and initiatives taken for the development of the CSE as
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The number of universities in Cyprus increased by three to six following the decision by the Cabinet to approve the applications filed by three colleges to register as private universities. Intercollege has been renamed as University of Nicosia, Cyprus College as European University – Cyprus and Frederick College as Frederick University. Two other local colleges,
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Wheat prices corrected lower to $8.55 on the CBOT but still close to their record high of $9 a bushel, fanning fears that the cost of bread will increase. Prices have been driven higher because droughts in key crop regions including Australia have led to smaller harvests. Demand, meanwhile, has grown, fuelled by new markets
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The Central Bank of Cyprus announced that during the auction conducted on 13 September 2007 for the acceptance of deposits of 14-day duration, bids amounting to CYP11,0 mln or EUR 18.8 mln were submitted, and an amount of CYP11,0 mln was absorbed at a weighted average allotment rate of 4,45%. The minimum and maximum allotment
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Standard & Poor’s Ratings Services has published its latest “Global Bond Markets’ Weakest Links And Monthly Default Rates,” report, which states that three defaults were recently recorded among rated global corporates, bringing the total to 15 defaults so far for 2007. These defaults affected rated debt worth about US$4.5 billion. The 12-month trailing global corporate
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