The legislation guaranteeing bank deposits up to EUR 100,000 has cleared the last hurdle and after approval by the Cyprus Cabinet this week will be tabled before parliament for urgent passage. Under
Investors around the world are bracing for a volatile session on Thursday as the European Central Bank meets to decide on interest rates and whether or not it will proceed with quantitative
European shares rose for a sixth straight session on Wednesday to trade around their highest in nearly four months, led by financials, as a slew of encouraging corporate results indicated the recession
The Boston Globe's biggest union reached a tentative accord early on Wednesday with owner New York Times Co to secure the money-losing newspaper's survival after a month of intense negotiations. The Boston
Turkish Cypriots spent EUR 5.1 mln using credit and debit cards in the southern part of Cyprus during the first three months of the year, according to data from the credit card
Credit card spending fell in the first four months of 2009 according to data from the credit card company JCC. Local plastic card use by Cyprus residents fell by 1% to EUR
Britain's top shares closed 2.2 percent higher on Tuesday led by strength in banks and commodity shares but finished below a four-month peak hit early on as Wall Street ran into some
Bank of Cyprus is leading a major a recovery in Cyprus stocks, pushing the CSE index to an 18-week high, with analysts baffled at why Cyprus banking shares are racing higher at
The U.S. economy will begin to turn up later this year provided the financial sector continues to mend, although unemployment will remain high for a while, Federal Reserve Chairman Ben Bernanke said
European shares were at their highest levels in nearly four months by midday on Tuesday with financials the top gainers on hopes that U.S. government stress tests on banks would reveal only
