Cyprus annual inflation was 5.2% in June 2008, recording an increase of 0.6% from last May. For the same period, Euro area annual inflation was 4.0% in June 2008, up from 3.7% in May, marking a new record. A year earlier the rate was 1.9%. According to a press release, issued yesterday by the Statistical
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Asian stocks rebounded on Thursday, boosted by the biggest surge in U.S. bank shares in 16 years and a decline in oil prices, providing some relief from fears about the global credit crisis spiralling out of control. The dollar, which benefited from the overnight fall in oil prices, gave up some of its gains on
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Crude oil prices dropped sharply for a second day on Wednesday after a U.S. government report showed a surprise increase in inventories and continued weak demand in the world's top consumer nation. The decline in prices, which marked the biggest two-day loss in percentage terms since January 2007, helped stocks on Wall Street regain some
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Inflation accelerated in June to its fastest rate since the aftermath of Hurricane Katrina in 2005 while workers' earnings slumped, compounding the stagflationary dilemma facing the Federal Reserve. A separate report showed U.S. homebuilder sentiment dropped to a record low in July, a reminder of the troubled housing market's drag on the economy, while the
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Cyprus Foreign Minister Marcos Kyprianou is paying a two-day official visit to Lebanon. Kyprianou will discuss with his Lebanese counterpart Fawzi Salloukh the two countries bilateral relations, the Cyprus question and developments in the Middle East. The two Ministers will also look into the two countries cooperation in the framework of the “Barcelona Process: Union
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by Thanasis Avgerinos Patriarch of Moscow and All Russias Alexios II has assured that the Russian Church and the Russian people support efforts for a united Cyprus and share the pain of the people of Cyprus. Speaking during a religious ceremony attended by Cyprus Archbishop Chrysostomos II, who is paying an official visit to Russia,
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Euro seen heading to $1.5700 The inability of the euro on Wednesday to break above 1.5948, combined with a major slide in the oil price pushed the euro sharply lower against the dollar to touch a low of 1.5802 in NY trade. The rebound since then has failed to penetrate through 1.5880, indicating that a
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The dollar rose on Thursday, moving further from a record low against the euro, as a slide in oil prices and surprisingly strong earnings at Wells Fargo & Co soothed fears about the U.S. economy and financial sector. U.S. stocks also rallied, while the dollar got an added boost after minutes from the Federal Reserve's
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By Mark Weinraub The price was higher than Bill Boyd wanted to pay and still rising, but it didn't really matter. He needed a combine harvester. He lost most of his farm equipment to fire when lightning struck his shed earlier this year, leaving him no way to harvest his part of what could be
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LONDON, July 17 (Reuters) – Index futures for top European stock benchmarks pointed to a strong open on Thursday, tracking gains in the United States and Asia. DJ Euro Stoxx 50 futures were up 1 percent, while futures for Germany's DAX rose 0.9 percent and for France's CAC were up 0.7 percent.
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