A year has passed from the day the doomed Helios flight crashed near Athens and killed all 121 people on board. As the days get nearer to the August 14 anniversary, accusations continue to fly in all directions with individuals and political parties playing the blame game in order to satisfy their own conscience. Greek
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A Tsokkos Pcl (TSH) has submitted a bid interest to acquire Dome Investments (DOME) is an all cash deal seeking minimum 50% plus 1 vote or maximum 100% of the company at 46 cent per share. The deal, which is backed by the 23 major shareholders of DOME holding 58% of the capital of the
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Cypriot tennis player Marcos Bagdatis went out of the Toronto Masters in the first round on Monday, when he was beaten 2-1 set by French Julien Benneteau.The tenth seed and Australian Open finalist won the first set with 7-5 but lost the next two sets with 6-2 and 6-3. Earlier this year Marcos reached the
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Cyprus is on track to record a substantial rise in new company registrations during 2006, with the total number very close to breaking the 150.000 mark. The Registrar of Companies reported that until end of July 2006 the number of companies registered in Cyprus reached 146.628, of which 10.514 are new registrations in 2006 compared
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Aspis Group of Greece, together with Commercial Value (a related company) have submitted their interest to bid for 60% control of the share capital of Universal Bank (USB) at 90 cent per share in cash, in a deal valued at CYP 8.17 mln. The decision was taken following board decisions taken on August 7, 2006.
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Net dollar short positions held by International Money Market currency speculators swelled to 96,751 contracts worth $13.2 bln in the week through Aug. 1 — six times the $2.2 bln worth of net dollar shorts held the prior week.The outlook for more credit tightening by the European Central Bank was reinforced by comments from ECB
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EUR/USD: The break above 1.2840 has opened the way for renewed gains towards the next objective of 1.2980/1.3040. The only thing holding back the euro is the substantial short-USD positions established on the pair, which may lead to some sideways trading in the next two weeks. The Fed pause is already priced in and so
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