G20 must deliver on agreed reforms-leaders

The world economic recovery remains fragile and G20 governments need to recommit and deliver on reforms they have already agreed to, G20 steering group leaders said in a letter on Tuesday. The

China shows new divisions on yuan

China displayed new divisions on Tuesday over how to respond to mounting U.S. pressure to let its exchange rate rise. Two new advisers to the central bank called for the yuan to

UK pulls out of recession faster than thought

Britain's economy emerged from an 18-month recession at the end of last year in better shape than previously thought, although analysts still anticipate a treacherous path to sustainable growth. But the better

Cyprus building permits drop again in January

Building permits fell for the fourth straight month in January according to the Statistical. The number of building permits authorised by the municipal authorities and the district administration offices during January 2010

Cyprus industrial turnover down 9.6% in December

The industrial turnover Index for December 2009 reached 127.6 (base 2005=100), recording a decrease of 9.6% compared with December 2008. For manufacturing, the turnover index for December 2009 reached 123.2, recording a

Cyprus retail trade falls in January

Retail trade fell in January according to provisional figures from the Statistical Service. The turnover volume index of retail trade (excluding automotive fuel) in January fell by 4.6% compared with January 2009.