British telecoms provider BT posted a 6% rise in first-quarter adjusted core earnings, generated strong cash flow and reiterated its outlook after taking further costs out of the business. Britain's biggest fixed-line
Royal Dutch Shell Plc said second-quarter current cost of supply (CCS) net income jumped 94% to $4.53 bln thanks to a strong operating environment and a speedy restructuring of the oil giant.
The euro zone's largest bank, Santander, reported first-half profits in line with forecasts on Thursday with thriving business in Latin America setting off sluggish income in home market Spain. Santander, which emerged
Asian stocks edged back up towards a three-month high and the dollar eased towards three-month lows on Thursday, hit by soft U.S. data that highlighted the patchy nature of the U.S. economic
An increase number of tourists from Russia choose Cyprus for their holidays. According to the Russian Travel Agents Association (ATOP) tourism flow from Russia to Cyprus records a 40% increase. The upward
Cyprus's general government deficit narrowed to 1.9% of GDP on a cash basis in the first half of 2010, compared to 2.5% in the corresponding period last year, the finance ministry said
Population in Cyprus increased in 2009 by 1.000, reaching 798.000 inhabitants. According to Eurostat, the statistical office of the European Union, in 2009 around 10.000 births were recorded in Cyprus and 5.000
Fiscal purification is a one-way street for the government, Minister of Finance Charilaos Stavrakis has said, urging all political parties to adopt a package of measures to boost public finances. The Minister
An increase of 5.4% on trips abroad by residents of Cyprus was recorded in June 2010, compared to the corresponding month of 2009, according to the Statistical Services. On the basis of
There were several encouraging signs that the economic recession in Greece will probably be less severe than initial forecasts, economy ministry officials and troika experts agreed during a meeting on Tuesday. The
