Emerging Asian currencies took a battering and regional shares tumbled to six-week lows on Wednesday as mixed signals from Federal Reserve officials raised fresh concerns about an imminent rollback of the U.S.
Some forecasts on the Cypriot economy by Credit Rating Agencies would be disproved much earlier, Finance Minister Charis Georgiades said Tuesday commenting on Fitch Ratings` gloomy forecasts for the Cypriot economy. Minister
A package deal comprising the 2014 EU budget and the financing of EUR 400.5 million to remediate flood and drought damages in four member states was agreed today by the Council and
An International Monetary Fund team of experts is visiting Cyprus to scrutinize the Cypriot solvency law. A reliable source told CNA today that the team arrived in Cyprus yesterday and will meet
President of the Republic Nicos Anastasiades has said that in December the government of Cyprus will announce its Youth Guarantee Implementation Plan. In his intervention at the EU Conference on Youth Employment,
Cyprus has achieved ‘very good progress’ as regards the implementation of the economic assistance program agreed with its international lenders, a Eurozone official said Tuesday in Brussels. The official noted that Troika’s
A powerful chain of PMIs was released in the eurozone last week, all beating economists' expectations and injecting the eurozone with a much needed boost of positivity. The Markit PMI Composite for
Fitch expects that Cyprus’ output will contract by around 5% in 2015 and 1.5% in 2016 and not return to growth until 2017. The rating agency expects the recession to be deeper
Wearing her favourite black dress, 53-year-old Liu Fenqin sat nervously in a corner at an official match-making event in Shanghai, hoping to find a husband after her first marriage ended in divorce
An experimental GlaxoSmithKline drug, designed to fight heart disease in a new way, failed to meet its main goal in a major late-stage clinical study, dealing a blow to one of the
