Daily Archives: November 2, 2002

Archives November 2, 2002 posted by

Interest rates on hold

THE CENTRAL Bank kept interest rates on hold yesterday, saying current inflationary pressures — expected to accumulate further next year — did not justify any adjustment.

The current rate is 5.5 per cent for advances and 2.5 per cent for deposits.

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Archives November 2, 2002 posted by

Shares rise almost another five per cent

SHARE prices continued their steep ascent yesterday, adding another 4.9 per cent to the all-share index, which closed at 106 points.

The new hike has pulled the index up a whopping 18 per cent in the space of four days leaving the investing community stunned. Volume yesterday was £4.9 million.

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Archives November 2, 2002 posted by

Tourists case: both were drunk, says lawyer

LAWYERS for the man accused of assault and battery and causing grievous bodily harm to a 22-year-old British tourist on September 16 yesterday presented their case for mitigation to the Assizes Court.

The court heard detailed accounts of how 26-year-old Zinonas Mastrou physically abused the tourist in the seaside resort of Ayia Napa.

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