Cyprus business confidence declines sharply

Business confidence in Cyprus recorded a significant decline in the retail trade sector, while further deterioration is expected in the services and construction sectors according to a survey performed by the Economics

Asia stocks fall 3 pct, oil still under $40

Asian stocks fell for a third straight session on Tuesday as a continued retreat in oil prices below $40 a barrel hit resource-related shares, while auto makers slumped after Toyota's bleak assessment

Cyprus industrial turnover booms in September

Industrial turnover in Cyprus boomed in September, with the industrial turnover index rising by 17.4% compared with September 2007 to reach 173.8 (base 2000=100). The industrial turnover index comprises mining and quarrying,

Cyprus building permits on the rise again

Building permits in Cyprus defied expectations again in October, rising in number, value and area terms for the second straight month, despite reports of a slowdown in demand. The Statistical Service announced

Fighting deflation with inflation

By Burton Frierson For years, the Federal Reserve has been fighting the "silent killer" known as inflation, but the emergence of an even more destructive economic threat, deflation, has made its former