According to preliminary figures from the Statistical Service, the deficit on trade in goods in Cyprus widened to CYP 1,521 mln (1.52 bln) in January-July 2006 from CYP 1,232 mln in January-July 2005. Total imports/arrivals (covering total imports from third countries and arrivals from other Member States) in the first half of 2006 amounted to

Sony Computer Entertainment Europe (SCEE) announced that it would revise the launch date of its PlayStation 3 computer entertainment system in the PAL territories of Europe, Russia, Middle East, Africa and Australasia from November 17, as previously announced to March 2007. Launch dates for Japan and North America will remain the same, which are November

Lower liquidity ratios on foreign currency deposits is expected to allow Cyprus banks to increase their lending without the need to raise additional capital, thus helping their bottom line profitability according to a research note by Egnatia Financial Services. The local banking system consists of 13 commercial banks controlling 64.6% of the total market in

The USD remains in demand and seems to be in a short-term win – win position. In the case of the Asian situation becoming even harsher the USD will act as a ‘safe haven’ unit. On the other hand recent economic statistics have played into the hands of investors believing in a soft landing of

Sterling broke through the 1.8600 critical support level and the dollar was broadly higher. Read our chart analysis. EUR/USD: The market continues to believe in a US soft landing and this is providing the USD with support. Even if headline data from the US is on the weak side, the market looks for bright spots