The U.S. economy grew faster than previously estimated in the third quarter, but still not enough to reduce stubbornly high unemployment and lift very low inflation. Gross domestic product growth was revised up to an annual rate of 2.5% from 2.0% as spending and exports were stronger than initially thought, the Commerce Department said in
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The price index of construction materials for October 2010 reached 121.03 (base year 2005=100.00) recording a decrease of 0.09% over the previous month. For the period January – October 2010. the index recorded an increase of 2.56% compared with the same period last year.
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The budget deficit expanded in the third quarter, according to EU-compatible preliminary data on the general government accounts. According to the estimates, the deficit in the third quarter of July-September amounted to EUR 101.9 mln compared with EUR 36.9 mln in the corresponding period of the previous year. However, last week the finance minister said
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The industrial turnover index for August 2010 rose by a healthy 8.9% compared with August 2009, according to the latest figures from the Statistical Service. For the subsector of manufacturing, the index for August 2010 recorded a decrease of 0.1% compared with August 2009. For the period January-August 2010, the industrial turnover index recorded an
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The vast majority of Cypriots feel healthy, according to the latest “European Health Interview Survey 2008” published by the Statistical Service, Cystat. The report provides statistical information related to the health status of the population, longstanding illness or longstanding health problem, accidents, physical conditions, personal care, emotional condition, health care services, smoking, alcohol consumption and
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The decline in motor vehicle registrations moderated in October, according to Sapienta Economics calculations, with the number of vehicles registered falling over the year earlier by 0.5%, compared with a drop of 8.6% in September. For the period January – October 2010, total registrations decreased by 13.8% to 37,500 from 43,520 in January – October
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The euro, stocks and commodities fell on Tuesday as a bailout for debt-soaked Ireland failed to allay fears of a wider euro zone crisis, prompting investors to seek safety in the U.S. dollar and Treasuries, traders in Singapore said. The euro had initially spiked on Monday on news of a European Union and IMF bailout
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Shares in China and Hong Kong were lower by midday on Tuesday as a stronger dollar prompted investors to dump metals and mining issues, while Hong Kong developers extended losses on government property curbs. Investors, already edgy from Beijing's efforts to ease inflation, were also nervous about the debt crisis in Ireland that could spread
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Australia and Japan will hold fresh negotiations on a free trade pact in January, Australia's Trade Minister Craig Emerson said on Tuesday after talks with Japan's foreign minister. Australia and Japan started free trade negotiations in April 2007, hoping to expand the $58 bln two-way trade relationship between the two. But the talks have become
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India's prime minister will face questions in the Supreme Court on Tuesday over his handling of an alleged telecoms scam as parliament remains paralysed over demands by the opposition for a full probe. The court has asked Manmohan Singh to explain why he took 16 months to examine a request for his now-sacked telecoms minister
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