Sales at U.S. retailers rose more strongly than expected in March, pointing to a broadening of the manufacturing-led economic recovery as inflation pressures remained muted. The Commerce Department said on Wednesday total
Economists have nudged up growth forecasts for the United States and Japan but the euro zone and Britain will not fare quite as well as previously expected, the latest Reuters poll of
Oil prices are likely to trade around $70 to $80 a barrel in coming months, supported by improving economic and oil market conditions, OPEC said on Wednesday. The monthly report from OPEC
The EU-harmonised inflation rate (HICP) in Cyprus fell to 2.3% in February, from 2.8% in March, according to the latest figures from the Statistical Service. However, this was still considerably higher than
The depth of the recession in the construction sector has been underlined by figures on production, showing that the production index in construction fell by 13.3% over the fourth quarter of 2008
Tourism arrivals in Cyprus saw their best monthly increase in years in March, as arrivals of tourists rose by 14.8% over the year earlier to reach 103,803, compared with 90,434 in March
Global oil demand will hit a record high this year, the International Energy Agency (IEA) said on Tuesday, revising up consumption estimates as the world economy recovers from recession. The Paris-based adviser
Tourism arrivals to the east Mediterranean island Cyprus rose by 5.6 percent from January to March year on year, the statistics department said on Tuesday. Visitors to Cyprus totalled 205,006 in the
Greece on Tuesday easily sold a total of 1.56 billion euros ($2.12 billion) of 26- and 52-week T-bills, passing its first borrowing test since details of the European/IMF safety net were announced
Deflation is the only way Greece can effectively tackle its debt problems, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn was quoted on Monday as saying. "The only effective remedy that remains
