Cyprus takes lead in Forex regulation

CySEC now accepting applications Cyprus has taken a significant lead in efforts to become an attractive financial centre following the initiative of the Cyprus Securities and Exchange Commission (CySEC) to accept applications

Cyprus petroleum stocks up 8.4% in May

The total sales of petroleum products in May 2009 recorded an increase of 8.4% compared with the previous month according to the Statistical Service. Α considerable rise was recorded in the sales

Cyprus unemployment rise tops 6,200

The number of registered unemployed in Cyprus continued to climb in June, reaching 1,674. This was number was 6,231 or 59.3% higher than in June 2008. Unemployment began to rise rapidly in

Divisions dominate as Q3 begins

Investors have entered the third quarter deeply divided about what should be happening on financial markets. While some reckon the global economy is well on the mend and therefore it is time

Oil brokerage PVM names rogue trader

London-based brokerage PVM Oil Futures Limited said on Friday that Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorised trades earlier this week. Philip Wiper of

Bomb damages tax office in Athens, no injuries

A homemade bomb exploded outside a Greek government taxation office in Athens on Friday, damaging nearby buildings but causing no injuries, police said. "The explosive device went off around 0230 GMT, shattering

MPC – Stepping stone to August

There looks to be virtually no chance the MPC will move rates at the July meeting, according to an analysis by Citigroup analysts. But, the MPC will soon need to decide whether