A 'crisis tax' proposed by the Obama administration would cut substantially into bank earnings across Europe and could sidetrack the sector's recovery, analysts and industry officials said on Friday. While there is
Persistent worries over the world economy, fuelled by tepid U.S. data and a relatively lacklustre start to the earnings season, kept a lid on equity gains on Friday, boosting safe-haven trades like
Global oil demand this year will reach the highest level since 2007, with rising consumption led by faster growth in emerging economies in Asia, the International Energy Agency said on Friday. The
U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures down 0.22 percent and Nasdaq 100
Minister of Finance Charilaos Stavrakis said on Thursday that, despite the global financial crisis, Cyprus still has an advantage over Europe concerning the potential growth rate of its economy. He added that
Cypriot track and field athletes, Kyriakos Ioannou and Eleni Artimata, are the top Cypriot sports personalities on the island and APOEL football club was named team of the year for 2009, according
The EU-harmonised consumer price inflation rate reached just 0.2% in 2009, compared with 4.3% in 2008, according to figures from the Statistical Service. This overall result was a mixture declining and rising
Arrivals of tourists in Cyprus dropped by 10.9% in 2009, marking their worst performance since 2002, when the September 11th attacks led to a sharp drop in global tourism. Total arrivals reached
Most Asian stocks gave up early gains on Friday as weak U.S. retail sales and a rise in jobless claims made investors wary about the strength of its economic recovery, offsetting better-than-expected
The National Council, top advisory body to the President on the handling of the Cyprus problem, convenes on Friday morning under President of the Republic Demetris Christofias, to review the latest developments
