The 9.5% drop in Cyprus tourist arrivals in the second quarter has been reflected in figures for accommodation services (hotels), where the Statistical Service reported a decline in turnover of 12.6% over
The index of industrial production in Cyprus reached 110.2 (base 2005=100) in June, recording a decrease of 5.9% compared with June 2008. The manufacturing subsector index fell by 9.2% compared to June
Bank of Cyprus, Cyprus's largest lender reported a higher than expected first half profits on Monday beating analyst forecasts. BOC reported EUR 148 mln in net profit for first half of 2009
Oil fell more than 3 percent to around $70 a barrel on Monday as a drop in China's key stock dented optimism about the pace of economic recovery and the U.S. dollar
European Union emissions of global warming gases fell for a fourth straight year in 2008, mostly caused by lower industrial activity due to economic recession, EU data showed on Monday. The main
By Isabel Reynolds and Yoko Nishikawa Japan's next prime minister began forming a government on Monday as investors worried the untested Democratic Party would overspend in a bid to revive the economy
A conservative Iranian MP said on Monday there was a "high possibility" parliament would approve President Mahmoud Ahmadinejad's proposed new oil minister, the Oil Ministry's website reported. In another sign of support
Nigeria will file criminal charges including money laundering on Monday against the former heads of five banks rescued in a $2.6 billion bailout, the anti-corruption agency said. The central bank injected 400
Global stocks edged lower on Monday, dragged down by a 6.7 percent tumble in China which sent nervous investors into the yen, while an historic opposition victory in Japanese elections also gave
By Marja Novak Greece has toughened its stance in the dispute over Macedonia's name, making it more likely to block its neighbour's European Union membership bid, Macedonia's Foreign Minister Antonio Milososki told
