The rate of inflation in January 2008 reached 4.1% by comparison to the corresponding month of 2007, according to the latest data released here today by the Cyprus Statistical Service (SyStat). CyStat
Fresh signs that the U.S. economy may be in recession sent Asian stocks lower on Friday, with Shanghai shedding more than 4 percent, as investors took shelter in the relative safety of
European shares fell early on Friday, dragged lower by utilities after disappointing profits from Germany’s RWE, while heavyweight oil stocks tracked crude prices lower. At 0815 GMT, the FTSEurofirst 300 index was
The production capacity of Vassiliko Cement Works (VCW) is set to increase with the addition of a new clinker production line is expected to operate fully by mid-2010. The Company’s CFO G.
Moody’s Investors Service has upgraded the bank financial strength rating (BFSR) of Raiffeisen Bank Aval (RBA) to D from D-. The outlook on the BFSR is stable following the upgrade. According to
Moody’s Investors Service’s UK credit card indices continued to display an improving trend in December 2007 as measured by key performance indicators compared to the previous year. The rating agency’s latest index
By Yann Le Guernigou and Sudip Kar-Gupta PARIS, Feb 21 (Reuters) – Daniel Bouton, the head of French bank Societe Generale reeling from a trading scandal, said he would continue with the
Stocks rebounded on Thursday as solid earnings and expectations of further U.S. interest rate cuts outweighed inflation worries, even as oil hit a record high above $101 a barrel. European shares were
By Jason Subler ZHANGQIU COUNTY, China, Feb 21 (Reuters) – When Yuan Shanchun became China’s first farmer to receive a government subsidy to buy a refrigerator, he was inundated with queries from
The European Commission approved today the funding of 450 projects from the Cohesion Fund for the production of energy from renewable energy sources for the period 2007-2013.The amount approved for Cyprus totals
