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211. Hellenic mulls over selling delinquent loans

Hellenic Bank posted a €35 million net profit for the first half of 2018, with the bank’s CEO Ioannis Matsis stating that the bank is ready to launch a tender for the sale of a portfolio of non-performing exposures within the next six months...

212. Week starts off with yellow weather warning

Weather officials say Monday skies will be mainly clear while a yellow alert goes into effect due to high temperatures expected to reach 41 degrees around the capital...

213. Bank of Cyprus gets rid of small business bad loans

The Bank of Cyprus says it has sold a portfolio of non-performing loans worth €2.8 billion to Apollo Global Management, a transaction that will reduce its stock of NPLs to €5.2 billion...

214. Odysseas says Harris was being stubborn

The auditor general is pointing fingers at the finance ministry’s handling of the Cyprus Cooperative Bank affair, telling an independent investigation committee that some actions were misleading...

215. Couple of hot days ahead before weekend drop

Officials issued a yellow warning for extreme hot weather on Thursday, with inland temperatures expected to reach 41° Celsius, while overall temperatures will drop slightly over the weekend to reach normal seasonal averages...

216. Cyprus thrust back into furnace

Officials warn of extreme hot weather on Thursday with highs at 41 degrees, while temperatures are expected to drop slightly Saturday but still above the normal average...

217. Yellow weather alert goes into effect

An extreme high temperature alert is in effect until Thursday 6pm, with officials warning the public to take precautions and follow hot weather safety tips...

218. Officials issue yellow weather alert

Weather officials issued a Yellow Alert for Thursday from 1pm until 5pm with high temperatures expected to climb to 40 around the capital and inland...

219. Two female tourists trapped in Larnaca salt lake

Two young British tourists were rescued by fire fighters on Sunday after being stuck in the mud in an attempt to cross the Larnaca Salt Lake....

220. Greek bank deposits rise in June for fifth month in a row

Greek bank deposits rose in June for a fifth consecutive month, increasing by 1.3 billion euros ($1.52 billion), central bank data showed on Wednesday....

221. Officials warn over hot and humid weather

High temperatures combined with humidity are creating heat wave conditions this week, with maximum temperatures expected to reach 40 degrees Tuesday and Wednesday...

222. Moody’s says BoC better off after UK sale

Rating Agency Moody’s has described the sale of Bank of Cyprus UK as credit positive, noting that the sale would place Bank of Cyprus in a better position to focus on reducing its domestic high stock of problematic loans...

223. Yellow warning as temperature climbs to 41

Weather officials issued a Yellow Alert for Saturday from noon until 5pm with temperatures expected to climb to 41 around the capital and relative humidity rising along the southern coast and out west...

224. Over 40 degrees here to stay all weekend

225. Forty degree weather to last through Saturday

Cyprus Weather Service issued a Yellow Weather Alert for Wednesday from 11am until 6pm due to very hot weather, with temperatures expected to reach 40 degrees around the capital...

226. AG names investigators to comb though co-op

A former judge, an economist, and a banker will make up the executive committee that will investigate any suspicious dealings that took place in the troubled Cypriot co-op...

227. ESM warns Cypriot banks of quick fixes

The European Stability Mechanism warns Cyprus that despite a recent decline in non-performing loans (NPL), the banking sector remains vulnerable due to weak profitability and a still high NPL ratio...

228. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

229. Hellenic moments away from CCB offer

The privatisation deal for Cyprus Cooperative Bank could be moments away, with Hellenic Bank putting the finishing touches on the final makeup of its new shareholder base...

230. Officials say hot weather manageable so far

Officials say a yellow weather warning on Saturday played a role towards helping reduce heat stroke incidents, with Sunday temperatures rolling back and a chance of rain showers Monday and Tuesday...

231. Yellow alert as Cyprus weather hits 41 degrees

Cyprus Weather Service issued a Yellow Weather Alert for Saturday from noon until 5pm due to very hot weather, with temperatures expected to climb above 40 degrees around the capital...

232. Audit report on CCB made public amid negotiations

An audit report on the Cyprus Cooperative Bank (CCB) was made public on Friday, amid negotiations between the Co-op and its two bidders, making recommendations for improvement but also criticising the institution on a number of decisions...

233. Government and Co-op begin consultations with bidders

234. Non-performing loans in banking system spike by €1.5 billion

Non-performing exposures (NPEs) in the Cyprus banking system jumped up by €1.5 billion in January, as International Financial Reporting Standard 9 entered in to force...

235. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

236. Hellenic Bank in a time crunch to bid on Co-op

The deadline in the privatisation process for the Cyprus Cooperative Bank (CCB) has been postponed until mid-May, setting in motion the executive board at the Hellenic Bank to intensify discussions on making a bid. ...

237. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

238. Trump warns the missiles are coming for Syria

The White House pushed back against suggestions that Trump had broadcast his plans for military strikes via Twitter...

239. Russian message said 'package has been delivered' before spy attack

Yulia and Sergei Skripal are recovering following Novichok attack in Salisbury...

240. Starbucks coffee in California must have cancer warning

A not-for-profit group sued 90 coffee retailers, including Starbucks, for violating California law requiring companies to warn consumers of chemicals in their products ...