Asian stocks fell on Thursday as investors took profits after strong gains in recent weeks while the euro remained weak, waiting for the European Central Bank to flesh out lending rules likely
The World Bank has committed a record $100 billion in financial support over the past 18 months to help developing countries recover from the global economic crisis, the poverty-fighting institution said on
Cyprus Finance Minister Charilaos Stavrakis presented the Stability Programme to the press on Wednesday, which envisages to curtail budget deficit from 6.1% of GDP in 2010 to 2.5% by 2013. The plan
Greece's borrowing costs hit a new high on Wednesday after the government said the country's banks had asked for billions of euros in support and euro zone states argued over the conditions
Moody's Investors Service has confirmed the Ba1 issuer and Sukuk ratings of DP World, one the world's four largest container terminal operators, with a ‘stable’ outlook. On December 8, 2009, Moody's lowered
Greece's Prime Minister said on Wednesday that an EU agreement struck last month to help the country avoid bankruptcy was a great success and rendered its fiscal situation manageable. "This agreement is
Euro zone growth stalled in the last quarter of 2009 as investment turned out weaker than expected, revised data showed on Wednesday, but a benchmark survey suggested this year's fragile recovery is
The decline of industrial production moderated in Cyprus in January, as the index fell by 3.3% over the year earlier, having dropped by 6.1% in December and 4.3% in November. Two subsectors
Monthly earnings in Cyprus topped EUR 2,000 for the first time in the fourth quarter of 2009, according to preliminary estimates of the Statistical Service. The average monthly earnings of employees during
Inflation in Cyprus moderated in March, after a rapid build-up in the preceding months, according to the latest data from the Statistical Service. The consumer price index in March 2010, increased by
