The Finance Ministry and the Central Bank decided on Thursday to create the legal framework for the issue of covered bonds of approximately three billion euro in a bid to inject additional
Asian stocks dipped on Friday as investors nervously awaited a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates
Total sales of petroleum products in June 2009 recorded an increase of 7.4% compared to the previous month. The Statistical Service said that a considerable rise was recorded in the sales of
The number of unemployed registered at the District Labour Offices on the last day of July 2009 reached 17,989, a rise of 51.4% compared with July 2008. However, the pace of increase
Cyprus recorded a negative annual inflation rate for the first time in 23 years in July, as consumer prices fell by 0.8% compared with July 2008. The last time Cyprus recorded negative
U.S. crude prices fell nearly $1 to around $71 a barrel on Thursday on oversupply, retreating from the highest level since late June, and North Sea Brent crude briefly touched a record
U.S. stocks slipped on Thursday as drops in telecommunications and biotechnology stocks offset optimism about the economy spurred by a sharp fall in the number of workers filing new claims for jobless
U.S. retailers reported disappointing sales declines for July, suggesting shoppers are still searching for bargains and basics in the downturn. July's results mark the 11th consecutive month of falling sales at stores
The number of U.S. workers filing new claims for jobless benefits fell sharply last week, a government report showed on Thursday, boosting views the labor market and the economy were stabilizing. Initial
Morgan Stanley said on Thursday it agreed to pay the U.S. Treasury $950 million to redeem warrants to buy its stock, freeing it from the government's bank bailout program. Morgan Stanley in
