Brazil will push for tighter financial regulation at the G20 summit this week, proposing annual "stress tests" for banks and the extension of Basel rules to derivative markets, Finance Minister Guido Mantega
A U.S. drive to build a more balanced global economy gained the qualified support of China on Wednesday in a sign that Group of 20 leaders may be ready to take joint
The price index of construction materials for August 2009 reached 117.43 (base year 2005=100.00), recording an increase of 0.28% over the previous month. However, compared with the same period of the previous
On the basis of the results of the Passenger Survey, revenue from tourism reached EUR 234.8 mln in August 2009 compared to EUR 278.0 mln in the corresponding month of the previous
Travelling abroad on holiday was not as fashionable among Cypriots in August 2009 as it was in August 2008, according to the latest figures from the Statistical Service’s Passengers’ Survey. According to
The unemployment rate in Cyprus climbed to 5.2% in the second quarter, from 3.1% in the same quarter of 2008, according to the results of the EU-compatible quarterly Labour Force Survey. The
U.S. Treasury Secretary Timothy Geithner argued forcefully on Wednesday for creating a government agency to protect financial consumers, while giving cautious support to paring back its scope. Amid stiff resistance by banks
U.S. mortgage applications jumped last week to their highest since late May as interest rates tumbled below 5 percent, data from an industry group showed on Wednesday. The Mortgage Bankers Association said
U.S. President Barack Obama vowed on Wednesday to work for "balanced and sustained" growth at a G20 summit in Pittsburgh this week, saying financial regulation needed strengthening to put an end to
U.S. stocks were little changed in early trading on Wednesday as investors cooled their heels ahead of a Federal Reserve policy statement. With the Fed likely to keep interest rates unchanged, investors
