US Jobs key to housing recovery

The U.S. labor market will hold the key to a recovery in the hard-hit housing sector, according to a Harvard University report released on Monday. Record high foreclosures and a high jobless

Euro Crisis

 It was after 1 a.m. on Monday May 10 when a little-known Dutch civil servant made the suggestion that may have saved the euro. European finance ministers had come together in Brussels

Cyprus motor regs down 11.1% in May

Registrations of motor vehicles continued to decline in May, falling by 11.1% over the year earlier to 3,998. In January-May, total registrations fell by 15.0% to 18,939, from 22,275 in January –

Cyprus trade deficit widens in April

The trade deficit widened in April, according to preliminary estimates for the month, reaching EUR 403 mln, compared with EUR 364 mln in April 2009. Total imports/ arrivals reached EUR 483.5 mln