Oct, 22 The price of the oil basket (OPEC) fell to $60 a barrel.
Oct, 17 World oil prices fell below $70 a barrel.
Oct, 6 The capitalization of the world stock exchanges fell by 2.5 trillion dollars.
Bank of Cyprus
Bank of Cyprus is a major Cypriot financial institution. In terms of market capitalisation it is the country's second largest company. The shares of the Bank are listed on the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange. The Bank is the largest listed company on the CSE in terms of market capitalization and has a well-diversified shareholder base. The Group currently operates through a total of 280 branches, of which 147 operate in Cyprus, 134 in Greece, six in the United Kingdom, eleven in Australia and one in the Channel Islands.
Repartition of the Global Banking System is inevitable - 05.12.2008 The financial crisis continues to storm in the global markets. This time the main victim of crisis is a banking system developed and developing countries. And experts notice, that the global banking system will undergo huge changes by 2012.
US government puts up $300bn in Citigroup rescue - 25.11.2008 The US government pulled Citigroup back from the abyss yesterday with a comprehensive bail-out that saw taxpayers guaranteeing $306bn of risky assets and injecting $20bn of capital into the banking group.
HSBC cuts 450 jobs in Hong Kong - 18.11.2008 HSBC was laying off 500 people in Asia, 90 percent of them in Hong Kong, in a further indication that the Asian financial community, so far relatively unscathed by mass layoffs seen on Wall Street, is being affected by the global financial crisis.
