U.S. oil falls to $35 on demand concerns

U.S. oil fell by almost 7 percent to around $35 a barrel on Tuesday as grim economic indicators kept the focus on the worldwide slump in demand, outweighing lower supplies due to

Cyprus trade balance deficit 5.7 bln euro

The trade balance of Cyprus during the period of January – November 2008 recorded a deficit of 5.7 billion euro according to data released today by Eurostat. Total exports of Cyprus between

Cyprus stocks tumble to five year lows

The Cyprus Stock Exchange General index tumbled to a fresh five year low of 861.54, taking its losses since the start of the year to 21.8% as banks remained under heavy selling

U.S. oil falls to $37 on demand concerns

Oil in New York fell to around $37 a barrel on Tuesday as bleak economic indicators turned the focus back to the worldwide slump in demand, outweighing lower supplies due to OPEC