European shares slid 2.4 percent by midday on Monday as investors digest corporate profits falling at the start of another busy week for earnings, and with banks and energy stocks the biggest losers in the index. At 1143 GMT, the pan-European FTSEurofirst 300 index of top shares was down 19.10 at 777.66 points. It was
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The Statistical Service has announced the publication of the annual report “Construction and Housing Statistics, 2007”. The report contains detailed data on the construction sector, pertaining, inter alia, to output, capital formation, inputs, new dwellings completed, building permits authorized, labour cost index and price indices of construction materials. The main developments in the construction sector
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Total sales of petroleum products in 2008 rose by a marginal 0.4% in 2008, to 1,647,316 tonnes, compared with 1,640,012 tonnes in 2007. Stocks of petroleum at the end of 2008 were 0.5% higher, at 91,853 tonnes, compared with 91,439 at the end of 2007. There were increases in the sales of unleaded motor gasoline
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Industrial output prices rose by 10% in 2008 according to the latest figures from the Statistical Service. However, there was a sharp difference in the categories. Prices of electricity, gas and water supply rose by 25.6%, as they were pushed up by high oil prices. Prices of mining and quarrying products rose by 11.3%, while
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Deposits placed with Cyprus banks continued to decline by December 2008 for a second consecutive month, probably as a result of Russians taking their money out of Cyprus banks to meet other contingency needs. Total deposit growth placed at Cyprus banks was at its slowest pace seen, climbing by 6.6% year-on-year to EUR 56.01 bln
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European shares were lower early on Monday as investors worried about corporate profits, with banks and energy stocks the biggest losers on the index. By 0932 GMT, the pan-European FTSEurofirst 300 index of top shares was down 2.8 percent at 774.45 points. "Third week of heavy earnings reporting with around 60 percent of S&P companies
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British manufacturers reported some of the weakest conditions ever in January when they cut jobs at a record pace, monthly purchasing managers index data showed on Monday. The headline number rose to 35.8 in January from December's 34.9 — slightly better than the return to November's record low of 34.5 forecast by economists but still
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Dutch state-owned bank ABN AMRO has held talks with Royal Bank of Scotland on buying back some its former operations, the Dutch Finance Ministry said on Monday. "The potential buyback of some assets from RBS will be looked into as part of the new strategy of ABN AMRO," a spokeswoman for the Dutch Finance Ministry
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Google said that for nearly an hour on Saturday, users got an erroneous message when they did searches on many sites, saying, "This site may harm your computer." The problem began at 9:30 a.m. ET and ended at 10:25 a.m. ET "What happened? Very simply, human error," the company said on its blog. Google said
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Total loan growth in Cyprus by December 2008 reached 33.4%, down from November’s 38.8% growth with the total amount of all loans at EUR 54.71 bln, according to the December Monetary Survey of the Central Bank of Cyprus. Consumer credit increased 38% year-on-year to EUR 4.33 bln, housing loans were up 29% at EUR 10.42
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