British industrial output rose for the first time in over a year in April after a jump in oil and pharmaceuticals production, raising the prospect that the economy could already be out
The European Commission adopted two communications analysing the EU's work on justice and internal affairs in recent years and setting out its priorities for the future. Ordinary citizens should be at the
Eurobank EFG has become the fifth largest bank in Cyprus based on Central Bank data according to the Bank’s General Manager in Cyprus, Michalis Louis. Speaking at a press conference to mark
Consumer spending through use of plastic money fell 4% year-on-year to EUR 142.8 mln in May 2009 according to the credit card clearing consortium, JCC Payments Systems. (Full report available in print
VAT receipts, which constitute the biggest component of indirect taxes fell 6.5% to EUR 716 mln in the first five months of the year, a clear indication of a weakening private consumption
British interest rates could stay low for some time and it is still not clear whether the pick-up in the economy will prove durable, Bank of England policymaker Kate Barker was quoted
Japanese machinery orders unexpectedly fell in April and French industrial output dropped too, data showed on Wednesday, suggesting world economies have more choppy waters to navigate before heading into recovery. Global economic
European stocks rose in early trade on Wednesday, with banks leading on news that top U.S. banks have been cleared to repay state aid and oil majors boosted by a jump in
European Union leaders will call at a summit next week for rapid progress on agreeing and implementing new financial regulations to prevent another global economic crisis, a draft summit declaration showed on
Oil topped $71 a barrel on Wednesday for the first time in 7-months on signs demand for crude could be recovering, with U.S. crude stocks falling last week and the Department of
