Asian shares fell to their lowest in over a week on Monday, led by a 2 percent slide in Shanghai stocks as thin year-end trading made for exaggerated moves, not helped by
German Chancellor Angela Merkel may be adamantly opposed to it, but the idea of issuing bonds on behalf of the whole euro zone simply will not go away. At a European Union
Ratings agency Moody's gave a resounding thumbs-down on Friday to Europe's efforts to resolve a rolling debt crisis, slashing Ireland's credit rating by five notches despite this month's EU/IMF bailout. The rare
Euro zone leaders have agreed on how to resolve debt crises from 2013, but failed to reassure markets about what they will do in the short-term, sticking to what the IMF has
German Chancellor Angela Merkel said on Friday that Europe will do everything to secure the stability of the euro, which has come under pressure in the euro zone debt crisis. She added
The Cyprus Hotel Association (CHA) has expressed optimism over tourist prospects for 2011. Haris Loizides, President of CHA, appealed today to the government to revise its decision not to extend the measures
Cyprus has introduced electronic filing (e-filing) for the registration of companies. Minister of Commerce, Industry and Tourism Antonis Paschalides presented Wednesday the new system of submitting documents for the registration of companies
The state budget for 2011 was adopted by majority by the plenary of the House of Representatives on Thursday, with proposed expenditure having been slashed by about 40 million EUR with various
Moody's Investors Service put Greece's credit rating on review for a possible downgrade on Thursday, citing uncertainty over the country's ability to cut debt to sustainable levels. The decision was made even
Greece's unemployment hit a 10-year high in the third quarter with economists expecting more pain as austerity policies to shore up public finances dampen economic activity. The jobless rate rose to 12.4%
