Euro zone inflation plunged in November and unemployment jumped more than expected, boosting the chances that the European Central Bank will make its largest ever interest rate cut next week to help
A weaker oil price reflecting poor economic demand ahead shut off a rally in world stocks on Friday while government bond yields sank and the dollar recovered from early losses. Oil fell
OPEC ministers said on Friday they were likely to defer a decision on their third output cut until next month, despite an accelerating slump in fuel demand that has slashed the price
Britain's government bought a majority stake in one of the country's biggest banks and Germany's Commerzbank accelerated its takeover of a rival as the shake-up of European banks gathered pace with help
New media and old can clash and crowd each other out, but blogger extraordinaire Arianna Huffington argues in a new book that the two worlds are rapidly joining together to bring out
By Sinead Cruise (Reuters) Real estate used to be the ultimate all-weather asset class, with low correlation to volatile stocks and unexciting bonds. But in today's debt-starved market, property is not the
Almost 95% of enterprises in Cyprus are using a computer and 89% of them have access to the internet, according to data released by the Statistical Service of the Republic of Cyprus.
The percentage of Cypriot households with access to a computer keeps increasing, reaching 56,3% in 2008, compared to 53,1% in 2007, according to an annual survey conducted by the Statistical Service of
It is virtually certain that the ECB will cut rates again at its December 4 meeting after the Governing Council Meeting, predict analysts at Citigroup. Compared to the November meeting, the ECB
Logicom Public Ltd (LOG.CY) reported sharply higher sales, mostly arising from abroad but higher finance costs and exchange losses forced profits lower by 6% to EUR5.0 mln in 9M 2008. Group revenue
