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Cyprus will develop offshore gas irrespective of reunification
May 26th, 2016
Cyprus will continue its project of developing offshore gas, keeping this dossier “completely separate” from the negotiations for the reunification of the island, the Cypriot Minister of Energy, Yorgos Lakkotrypis, said today (26 May). Speaking to a small group ...
TechFinancials reports decrease in Group revenue by 12% to US$13.6 million
May 26th, 2016
TechFinancials (AIM: TECH), a leading technology provider to binary options brokers, today announces its results for the year ended 31 December 2015. Operational Highlights Software Licensing (B2B) B2B business has performed strongly with significant revenue growth of 30% year-on-year ...
Russia, Greece agree energy, oil cooperation of great importance
May 26th, 2016
Russia and Greece continue work on oil deliveries to Greece and Italy through third countries Russia and Greece consider as important their cooperation in the energy sphere and continue work on oil deliveries to Greece and Italy through third ...
Cyprus Investment Firm renounced its CIF authorisation
May 26th, 2016
CySec has issued an announcement to inform that on 13th May 2016, the CIF Pegase Capital Ltd , which provided investment services via the domains www.interactiveoption.com, www.interactive-option.com, www.hellobrokers.com, www.mtxplus.com, www.pegasecapital.com, renounced its authorization pursuant to section 24(1)(b) of the Investment ...
Brent oil pushes above $50 for first time in nearly seven months
May 26th, 2016
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Brent LCOc1 had climbed 38 cents to ...
SGX enters into exclusive discussions with the Baltic Exchange regarding a cash offer for 100% of the share capital of the Baltic Exchange
May 26th, 2016
Singapore Exchange Limited (SGX) wishes to announce that it has entered into an agreement with The Baltic Exchange Limited (Baltic Exchange) through which SGX will enter into exclusive discussions with the Baltic Exchange regarding a cash offer for 100% ...
CySec informs: the licence of a Cyprus Investment Firm continue to be suspended
May 26th, 2016
Following previous announcements dated April 7 and May 12, the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform on its decision in the meeting dated May 16 for Continuance of Suspension of CIF licence of ...
RBS’s Bank Restructuring unit faces legal claims from business who claim they were forced into liquidation
May 26th, 2016
Small businesses who claim they were forced into liquidation by the activities of Royal Bank of Scotland’s controversial Global Restructuring Group (GRG), have set up a dedicated whistleblowers Website to encourage bank staff to provide information on the unit. ...
Microsoft to trim smartphone business, plans to cut 1,850 jobs
May 25th, 2016
Microsoft said today it will trim down its smartphone business by cutting 1,850 jobs, most of them in Finland, and write down $950m from the operation. The US company entered the phone business in 2014 by buying Finnish firm ...
Marks & Spencer is going downmarket to try and rescue its clothing business
May 25th, 2016
Marks & Spencer put out another bad set of results on Wednesday— something that has become a tradition for the struggling retailer. Annual sales at M&S were up 2.4% to £10.4 billion ($15.2 billion) but pre-tax profit collapsed by 19.5% ...