Cyprus trade deficit shrinks in January

The trade deficit in Cyprus shrank in January according to revised data to EUR 377.3 mln in compared with EUR 487.6 mln in January 2008. Total imports/arrivals (covering total imports from third

Cyprus industrial production collapses in January

Industrial production collapsed in January according to a newly devised index for industrial production. The industrial production index in reached 92.3 in January (2005=100), recording a fall of 9.8% compared with January

Asia stocks push towards 6-month highs

Asian shares rose on Friday, with South Korean stocks hitting a 6-month high after the country averted recession in the first quarter, as a Wall Street rally boosted risk demand around the

Nikkei hits 3-month closing high, but banks tumble

Japan's Nikkei stock average gained 0.5 percent on Friday, hitting a three-month closing high, though Mizuho Financial Group and other banks tumbled as worries about bank shareholding losses reignited. Sumitomo Mitsui Financial