The Obama administration's financial rescue plan will now include a new form of "bad bank" combining public and private funds, according to CNBC. Earlier, CNBC had reported that Treasury had dropped plans
By Jeff Mason U.S. President Barack Obama arrived at his first White House news conference on Monday with a message to sell: government has the keys to fix the economy. With that
Russian companies are continuing to service their $400 billion foreign debt as normal and the government is not holding talks to help them restructure payments, a top Kremlin aide said on Tuesday.
Asian stocks fell on Tuesday as uncertainty grew about U.S. plans for a bank bailout, while the euro fell on a report that Russian banks were seeking a delay on repayment of
Turkey’s course towards the EU and the Cyprus question were discussed during a meeting here on Monday between EU Enlargement Commissioner Olli Rehn and Turkish main opposition Republican People's Party (CHP) leader
The picturesque village of Agros, situated in the Pitsilia region at the Troodos mountain range, was selected by the Cyprus Tourism Organization (CTO) as the best national tourism destination in the framework
Aspis Holdings Public Company Ltd (ASP) announced that the Swedish supervisory authority (FSA) rejected since May 22, 2008 its application to participate in Aspis Liv Forsakrings AB. The company made the announcement
Registered unemployment in Cyprus rose over the same period of the previous year for the fifth straight month in January, reaching 15,786 persons. This market a rise of 16.3% compared with January
The volume of retail sales in Cyprus fell for the first time in almost three years in November, dropping by 3.9% in volume terms, according to provisional figures from the Statistical Service.
Data from the JCC Payment Systems joint venture run by local commercial banks show that the government dominated plastic card use by Cypriots in January. According to figures by merchant group and
