The euro surged to a two-month high and Asian stocks were set for their best gains in over two weeks on Thursday after a bullish company forecast fuelled optimism about the coming
The International Monetary Fund on Thursday upgraded its 2010 global growth forecast, on the back of robust growth in Asia and renewed U.S. private demand, but flagged big risks to the recovery
German Chancellor Angela Merkel said on Wednesday the euro has stabilised and should be on a stronger foundation than before the Greek crisis thanks to debt-reduction measures being implemented in the euro-zone.
Stress tests on European banks need to mark down the value of Greek government debt by about 16 percent, sources said, as regulators haggled over how much detail to reveal about the
Finance Minister Charilaos Stavrakis has expressed satisfaction over a series of recent reports by international rating organisations as Fitch and Moody's concerning the economy of Cyprus. He also said that the assessments
The EU-harmonised consumer price inflation rate (HICP) rose to 2.1% in June, compared with 1.8% in May 2010 and 0.1% in May 2009. For the period January-June 2010, the HICP recorded an
Credit card spending by locals rose in June according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 1% over the year earlier to
Asian stocks reversed course and inched up on Tuesday taking heart from gains in the Chinese market led by property and bank stocks, while the Australian dollar dribbled higher after the central
The International Monetary Fund said on Monday that the Cypriot economy will return to ''modest growth'' in 2011, warning however that without ''strong action'' on the government wage bill Cyprus' objective for
Limassol marina will constitute jewelry for Cyprus, a venue of residential and commercial development, Minister of Cyprus Commerce, Industry and Tourism Minister Antonis Paschalides said on Monday during the presentation of the
