Currency traders are bracing for the release of the US nonfarm payroll figures, due GMT 12.30 or Cyprus time 3.30pm for clues in the next direction of interest rates, and in turn currencies. The dollar was well bid following upbeat data on Thursday. As BNP Paribas noted in a report to clients, following the ISM

New Central Bank Governor Athanasios Orfanides expressed his determination to work consistently to achieve the aims of the Central Bank and assured that the institution will respond to the increased demands created with the forthcoming accession of Cyprus to the Eurozone.Speaking during a ceremony where he officially undertook his duties from Christodoulos Christodoulou, the new

A senior partner in the Tassos Papadopoulos & Co Law Offices told a court hearing on Thursday that no member of the office signed any transaction or carried out any action knowing that it would constitute a violation of the UN sanctions imposed on former Yugoslavia. Lawyer Pambos Ioannides, one of the senior partners of

Aspis Holdings issued a tough statement in response to a report regarding the circumstances surrounding its bid approach for Universal Life.1) Our Legal Advisor received on April 26, 2007 in the afternoon a letter by the Insurance Superintendent. The Legal Advisor informed our Company on the letter on 30/4/2007 in the afternoon. The letter was

The Cyprus Stock Exchange announced the suspension of trading of the titles of “SFS Group Public Company Ltd” from Monday, May 7, 2007 to Friday, May 11, 2007 (inclusive) due to the reverse split from CYP0.10 to CYP0.60. The cu-dividend date is on May 4, 2007. The shares of SFS will resume trading on May

The European Commission adopted a Decision authorising for the first time the trade in certain animal products, namely honey and fish, across the Green Line in Cyprus. EU Health Commissioner Markos Kyprianou said: “Today’s decision offers a welcome opportunity for Cyprus to build on the promising increase in trade across the Green Line, to the

Shipping is expected to experience unprecedented growth in the coming years, giving rise to expanding opportunities in shipping management and a thorough grinding into the principles of ship management is the purpose of the executive programme Certificate in Ship Management: Business and Operations, organized next month in Limassol by the Cyprus International Institute of Management.

— Citigroup explains why this time should be less painful than the last   By Fiona Mullen, Sapienta Economics Ltd   The outlook for the US housing market is not good. According to the Office of Federal Housing Enterprise Oversight (OFHEO), annualised quarterly house price inflation growth in the US decelerated from a peak of

The European Commission has set out, in the form of a Green Paper, its vision for future EU policy on retail financial services, which are financial products such as bank accounts, loans, mortgages, investments and insurance provided to individual consumers. The Green Paper aims to strengthen and deepen the Commission’s understanding of the problems faced