Wall Street jumps on bank optimism

Stocks rose on Wednesday, with the benchmark S&P 500 index attempting the first two-day advance in a month, as investors held out hope that Washington would restore confidence in banks by relieving

UK dividends to crumble as recession bites

British investors face a 20 billion pound dividend shortfall this year as UK companies opt to protect their balance sheets in the global recession. The slide in earnings caused by crumbling demand

Cyprus business services worth 5.8% of GDP

Business services in Cyprus account for 5.8% of gross domestic product (GDP) according to statistics published in the annual report entitled “Statistics on Business Services” for the year 2007. The report provides

Cyprus car registrations dive in February

Motor vehicle registrations dropped for a second straight month in February, falling by 26% over the same month of 2008 to 4,130, compared with 5,584 in February 2008. Registrations of private saloon