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Showing 51 - 60 of 61 results for "Cyprus"

Is this the crisis moment?

BENJAMIN ONG  |  TUESDAY, 26 JUN 2012
... compounded by more bad news: Moody's downgraded 28 Spanish banks by four notches. Spain formalised request for bail out Cyprus asks for bailout. Greece newly-designated finance minister, Vassilis Rapanos, resigns. Victorious Greek pro-austerity party ...

No random walk on Wall Street

BENJAMIN ONG  |  FRIDAY, 15 JUN 2012
... billion bailout announcement 12 June: Up 1.2% on Fed stimulus hopes 13 June: Down 0.7% after Moody's downgrade of Spain and Cyprus ratings 14 June: Up 1.1% on rumours that central banks are preparing coordinated action Yes, I know, you're scratching ...

Market Wrap

AAP  |  WEDNESDAY, 6 JUN 2012
... abroad," he said. Europe's debt crisis remained in the spotlight, with Spain asking for help for its beleaguered banks and Cyprus flagging its banks may need EU aid when finance ministers and central bank chiefs from the Group of Seven developed nations ...

Thrilla in Australia

BENJAMIN ONG  |  FRIDAY, 24 FEB 2012
... Latvia, Lithuania and Poland and lowest in Greece and in Portugal." The "unlucky niners" are Belgium, Greece, Spain, Italy, Cyprus, the Netherlands, Portugal, Slovenia and Hungary. But for all it's worth, the take-away here is that now, at least, we ...

BEN announces solid results

ELISE BURGESS  |  MONDAY, 20 FEB 2012
... completed an institutional share placement in December for $150 million in preparation for its purchase of the Bank of Cyprus Australia with plans to raise an additional $50 - $70 million in a February Share Purchase Plan. "Focusing on the bank's long-term ...

The times, they're not a -changin'

BENJAMIN ONG  |  MONDAY, 16 JAN 2012
... go on a chopping spree. S&P lopped two notches off the credit grades of Italy (now BBB+), Spain (A), Portugal (BB) and Cyprus (BB+). No surprises here and the one-step downgrade of Malta (to A), Slovakia (A) and Slovenia (A+) doesn't really matter that ...

Market Wrap - Midday

AAP  |  FRIDAY, 16 DEC 2011
... rose three cents, or 0.8 per cent, to $3.13. Bendigo and Adelaide Bank said they will pay about $130 million for Bank of Cyprus Australia, which caters to the Greek and Cypriot communities in NSW, Victoria and South Australia. Shares in Bendigo Bank ...

Bendigo and Adelaide Bank buys Bank of Cyprus Australia

ELISE BURGESS  |  FRIDAY, 16 DEC 2011
Bendigo and Adelaide Bank has acquired 100% of the Bank of Cyprus Australia for $130 million with a $120 million share placement to selected institutional investors also underway. Bendigo and Adelaide Bank (BEN) reached agreement with the Bank of Cyprus ...

PIGS!

BENJAMIN ONG  |  WEDNESDAY, 7 DEC 2011
... Poor's - confirmed that it has placed 15 of the 17 Eurozone member countries on credit watch for possible downgrades. Only Cyprus and Greece were spared but this is not out of the goodness of S&P's heart but because Cyprus had its rating cut only last ...

Waiting to exhale

BENJAMIN ONG  |  WEDNESDAY, 12 OCT 2011
... Bloomberg's piece, Slovakia is not "the euro area's second poorest member," its economy is bigger than Malta, Estonia, Cyprus and Slovenia -- that makes it the fifth, doesn't it? According to 2009 World Bank data, Slovakia's economy accounts for a whopping ...