News From Cyprus
Cyprus installs new President of the Republic
Νikos Anastasiades was officially installed this afternoon as the 7th President of the Republic of Cyprus in a ceremony at the House of Representatives.
News From Canada
Canada’s Banks Awash in Profits
Canada’s biggest banks have produced a blockbuster first quarter, as higher profits from a variety of sources help to erase investor concerns about slowing growth in consumer lending.
Amid fears of sluggish growth in the core retail banking businesses of the major lenders, a deluge of earnings reports Thursday showed instead what that slowdown actually looks like: a $2-billion quarterly profit at one bank, a record quarter at another, and dividend increases almost across the board.