World stocks at new 2009 high

World stocks climbed to a new 2009 high on Monday with banking news from Europe generally positive and signs of a pick up in Chinese economic activity lifting Asian shares. The dollar

How soon will U.S. jobs come back?

The pace of economic recovery holds the key to how quickly the U.S. unemployment rate recedes from its 26-year high of 9.5 percent. A rule of thumb states that it takes economic

Cyprus draws new action plan to attract FDIs

The Ministry of Finance and the Cyprus Investment Promotion Agency (www.cipa.org.cy) have agreed to formulate an action plan to solve procedural issues hindering foreign direct investments in Cyprus. Finance Minister Charilaos Stavrakis

Hellenic Bank nets online bank award

Hellenic Bank’s online NetBankiong service has won Global Finance magazine’s award for “Best Integrated Consumer Bank Site” in the regional category for Best Consumer Internet Banks. The prize was announced in New

CYPRUS GOURMET: Matters for concern

. (1) The Crisis Traders small and large are reporting that the present economic problems are more complex than simply a downturn in business. One named half a dozen well known restaurants