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Euro zone economy shrinks in Q1, marks longest ever recession

The euro zone's economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output

15th May 2013
Business

Bank documents portray Cyprus as Russia’s favourite haven

When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most

15th May 2013
Cyprus

BYD’s electric taxis hit Hong Kong roads with big ambitions

Warren Buffett-backed Chinese carmaker BYD Co Ltd rolled out Hong Kong's first electric taxi fleet on Wednesday, marking a milestone for its all-electric battery car that highlights its promise and its limitations.

15th May 2013
Business

Cyprus National Council convenes to discuss economy

The National Council, the top advisory body to the President, convenes on Wednesday to discuss the financial situation in Cyprus. The Council is expected to discuss, among other issues, a proposal by

15th May 2013
Cyprus

Germany ekes out growth, France slides into recession

Germany's economy crept back into growth in the first quarter of the year, after a sharp contraction at the end of 2012, while France slipped into recession, data showed on Wednesday. Germany

15th May 2013
Business

Nikkei rises above 15,000 on weak yen, dollar resilient

Japan's Nikkei share average surged to a 5-1/2-year high on Wednesday as Japanese exporters rallied after the yen's recent slide, while the dollar showed resilience, supported by signs of an improving U.S.

15th May 2013
Business

EU’s Barroso: France must present credible reform plan

European Commission President Jose Manuel Barroso said on Wednesday France needed to present a credible programme of structural reforms as new data showed Europe's second largest economy slipping into a shallow recession.

15th May 2013
Business

Cyprus requests increased financing for rural development

Cyprus has requested the European Commission to increase co-financing for rural development programs from 50% to 85%. In a letter to the Commission, Agriculture Minister Nicos Kouyialis highlighted that Cyprus’ request should

15th May 2013
Cyprus

Cyprus did not qualify for the Eurovision final

Cyprus did not make it to the Eurovision final that will take place on Saturday in Malmö, Sweden. Cyprus participated in the first semi-final of the 2013 Eurovision song contest on Tuesday

15th May 2013
Cyprus

Moody’s cuts Lebanon bond rating to negative from stable

Moody's Investors Service has lowered changed the outlook on Lebanon's B1 government bond rating to negative from stable reflecting the impact of Syria's ongoing civil war, which will suppress economic growth and

14th May 2013
Business
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Latest News

  • WTI drops to $66 over weak US oil demand
  • Gold wobbles around $3,340 ahead of NFP jobs
  • Trump’s crypto portfolio crashes 78% in H1
  • WTI trades within 1-week range, above $64
  • ECB forum comments to drive markets

Latest Comment

6th June 2025

The EU’s action plan for affordable energy

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24th May 2025

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Popular

WTI drops to $66 over weak US oil demand

West Texas Intermediate (WTI) halted its three-day winning streak, trading

Gold wobbles around $3,340 ahead of NFP jobs

Gold trades in a tight range around $3,340 on Wednesday,

Trump’s crypto portfolio crashes 78% in H1

Finbold has just released its H1 2025 Cryptocurrency Market Report,

WTI trades within 1-week range, above $64

West Texas Intermediate remains confined in a familiar range held

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