Cyprus 2010 GDP growth seen at 0.5-1.0%

 * Deficit seen falling — The island’s economy is seen growing between 0.5 and 1.0% in 2010, Finance Minister Charilaos Stavrakis said on Monday. "There is a small acceleration in growth," Stavrakis

ECB’s Weber backs orderly bank defaults

European Central Bank policymaker Axel Weber said on Monday that banks must be allowed to fold and backed the idea of issuing special bonds which would automatically convert to equity in the

Oil rebounds above $85 after $3 drop

Oil rebounded above $85 a barrel on Monday after falling sharply from a more than two-year high last week as risk appetite improved and investors looked beyond Irish debt worries to better

Japan manages Q3 growth spurt but soft patch looms

Japan's economic growth accelerated in the third quarter as expiring government incentives gave consumption a last-minute boost before a long-anticipated slowdown that analysts say is already under way. Indeed, many expect the