Moody's Investors Service has placed the ratings of four banks in the United Arab Emirates (UAE) on review for possible downgrade reflecting the rising challenges facing the sector, chiefly triggered by the
The ratings of entities in the fast-growing Islamic banking sector are stable, largely thanks to their ample liquidity, high profit margins and conservative leveraging, according to Moody's Investors Service. Nevertheless, the rating
World stocks ticked slightly higher on Tuesday and Japan's Nikkei hit a 10-month closing high despite disappointing Chinese data that drove up the yen. European shares gained, as did the euro. The
China reported below-forecast growth in factory output and investment on Tuesday, underlining why senior officials keep reminding markets that the world's third-largest economy is not yet back on a solid footing. But
The rate of increase of the Harmonized Index of Consumer Prices (HICP) for July 2009 recorded a negative rate of inflation -0,8%, down from 0,1% in June 2009, a press release issued
The EU-harmonised consumer price inflation rate in Cyprus recorded a drop of 0.8% in July, the same as the national consumer price inflation rate for July. For the period January-July, the HICP
The industrial turnover index for May 2009 in Cyprus reached 118.4 (base 2005=100), recording a decrease of 14.8% compared to May 2008, according to the latest figures from the Statistical Service Cystat.
The number of motor vehicle registrations in Cyprus recorded another sharp fall in July, dropping by 25.0% year on year, having fallen by 18.7% in June and 30.5% in May. In the
Liechtenstein and Britain said on Tuesday they have signed an agreement to encourage British clients of banks in the Alpine principality to voluntarily disclose untaxed money. The Liechtenstein government said in a
Hotels, the world's biggest hotelier, beat forecasts with a 38 percent dip in first-half profit and moved to cut costs deeper as it expected tough trading to continue through 2009. The British
