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
Bank of England policymakers papered over August's split on the appropriate scale of quantitative easing this month, after Governor Mervyn King held back on pressing for a bigger expansion to the scheme.
Aspis Holdings Public Co. (ASP) and Aspis Liberty Life Insurance Public Company (LIB) announced that Pavlos Psomiades has resigned from his position as Chairman of the Board. Vasilis Adamopoulos also resigned from
Greek Cypriot and Turkish Cypriot political parties have reiterated their support for the efforts of the leaders of the two communities to reach an agreed solution to the Cyprus problem. The leaders
Turkey must undertake its responsibilities on the issue of illegal immigration to Cyprus, Interior Minister Neoclis Silikiotis has said, adding that during the EU Council of Justice and Home Affairs Ministers in
The fees of many banks in the European Union are often opaque, while there are problems with the way banks inform and advise their customers, according to a European Commission report on
