Cyprus petroleum sales down 5% in 2009

The Statistical Service reported that total sales of petroleum products in 2009 recorded a decrease of 5.0% compared to the previous year. A significant decline was observed in the sales of Heavy

Stocks rise on Obama; dollar off highs

Global shares rose on Thursday as investors pursued riskier assets after U.S. President Barack Obama focused on job creation rather than any concrete details of banking reforms which had spooked financial markets.

Oil rises above $74 on Obama speech, Fed

Oil rose above $74 on Thursday, rebounding from six-week lows hit the previous day, after a speech by U.S. President Barack Obama eased market worries over plans to limit bank risk-taking by