Cyprus MEP concerned over Turkish Cypriot aid fraud

Democratic Party (Diko) and S&D MEP Antigone Papadopoulou has expressed her deep concern over press reports that allege fraud in the distribution of the 259 mln euros in aid to the Turkish Cypriot...

Elena Ambrosiadou heads 50 Leading Women in Hedge Funds

Elena Ambrosiadou, once described as the highest-paid and wealthiest woman in Britain, heads The Hedge Fund Journal's survey of ‘50 Leading Women in Hedge Funds’, sponsored by Pricewa...

EC wants to slash gender pay gap

The European Commission plans to use a series of measures aimed at significantly reducing the pay gap between men and women over the next five years. The average gender pay gap in the EU currently sta...

Barclays Capital launches new protected deposit accounts

Barclays Capital, the investment banking division of Barclays Bank Plc, has launched the Four Year Protected Dollar Digital Deposit Account, a new product in its structured deposit series for offshore...

Cyprus cdbbank opens branch, reports ’09 profits

The cdbbank (formerly Cyprus Development Bank) opened its first branch in Nicosia and hosted a reception where the bank’s president, Rena Rouvitha Panou, announced that 2009 was a year of profit...

CFAs eager to restore investor confidence in capital markets

Cyprus Society hosts regional meeting The CFA Institute, the global association for investment professionals with nearly 100,000 members, is spearheading a campaign to restore investor confidence ...

Shacolas receives flight safety award for Cyprus Hermes Airports

The Flight Safety Foundation/South East Europe – Middle East – Cyprus presented Nicos Shacolas, Chairman of Hermes Airports Ltd, with the Flight Safety Award, “for his outstanding co...

Domino’s Pizza is back in Cyprus

After an absence of nearly ten years, Domino’s Pizza is back in Cyprus and is about to give other pizza companies a run for their money. Having started with two outlets in the mid 1990s, the l...

US retail sales unexpectedly rise 0.3 percent

Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that b...

Bank shares lead stocks higher; dollar eases

Global stocks rose to their best levels in seven weeks on Friday thanks to a boost by financials, while reports an arch-dove was a leading candidate for vice chair of the U.S. central bank unsettled t...

Cyprus motor regs down 19/7% in Jan-Feb

The Statistical Service has announced that total registrations of motor vehicles decreased by 18.7% to 6,984 in January - February 2010, from 8,586 in January – February 2009. Private saloon c...

Cyprus wholesale trade down 13.3% in 2009

Wholesale trade performed badly in 2009 according to the latest figures. The turnover value index of wholesale trade except motor vehicles and motorcycles for January-December 2009 recorded a decrea...

Cyprus real GDP down 1.7% in 2009

The Cyprus economy shrank by 1.7% in 2009, according to the latest full figures on the national accounts. In the fourth quarter real GDP rell by 3.0% over the corresponding quarter of 2008. Based on...

Oil rises above $82 on dollar, demand prospects

Oil rose above $82 on Friday, poised for a second consecutive weekly gain, on a weakening dollar and as views emerged that energy demand would continue to grow in the developing world. The front-m...

US Stock futures mixed ahead of retail sales data

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures down 0.01 percent and Nasdaq 100 futures up 0.01 percent. I...