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UK Treasury sees tough choices in public spending

Britain's Treasury Minister Liam Byrne warned on Thursday of tough times ahead for public spending, with economic recession, rising unemployment and high levels of government debt biting hard. A row over public

11th June 2009
Business

UK’s Home Retail stays cautious despite better sales

Home Retail Group Plc, Britain's biggest household goods retailer, said it remained cautious on Thursday despite posting better than expected first-quarter sales and market share gains at both its Argos and Homebase

11th June 2009
Cyprus

Memorandum signed between FCMC and Central Bank of Cyprus

The Financial and Capital Market Commission (“FCMC”) of Latvia and the Central Bank of Cyprus, expressing their mutual interest and willingness in promoting further the bilateral ties in the domain of supervision

11th June 2009
Cyprus

Cyprus President Christofias expects good news on Limnitis

President of the Republic of Cyprus Demetris Christofias said on Thursday that he expected good news soon regarding the opening of a crossing point in Limnitis. Speaking after his 32nd meeting with

11th June 2009
Cyprus

Oil rises to $72 as IEA raises demand outlook

Oil firmed to $72 a barrel on Thursday after the International Energy Agency raised its estimate for 2009 oil demand, adding to signs the fall in consumption may have bottomed out. World

11th June 2009
Cyprus

European stocks rise; banks gain, eyes U.S. data

European stocks were up at midday on Thursday, with banks bolstered by investor optimism over prospects for economic recovery but markets awaited U.S. economic data due later in the session. At 1008

11th June 2009
Business

UK inflation expectations rise in May – BoE

British inflation expectations for the coming year rose to 2.4 percent in May from 2.1 percent in February, a Bank of England survey showed on Thursday, the first rise since August. The

11th June 2009
Cyprus

FTSE flat early on; miners, oils down; pharmas up

Britain's leading share index was flat in early trade on Thursday with weakness in heavyweight oils and miners balanced by gains in pharma issues supported by a Morgan Stanley sector upgrade. At

11th June 2009
Business

May U.S. foreclosures 3rd highest on month on record

U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac

11th June 2009
Business

Wall Street falls as rate worries dent recovery hopes

U.S. stocks fell on Wednesday on worries that rising interest rates could put a damper on consumer and business spending, but stocks pared losses late in the session to finish off the

11th June 2009
Business
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  • CCLEI sees moderate growth in June
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Sterling on the move, “has more room to run”

The British pound is surging, and the momentum shows few

Euro consolidates gains, markets brace for Fed rate cuts

The EURUSD pair appreciated for the seventh consecutive day, but

CCLEI sees moderate growth in June

The annual growth rate of a leading indicator in Cyprus

WTI trades with caution at $64 as tariff deadline nears

West Texas Intermediate futures on NYMEX, exhibit a sluggish performance

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