Cyprus revenue from tourism records decrease

Revenue from tourism has recorded a decrease of 15,7% in November 2009, compared to November 2008. According to data released by the Statistical Service of the Republic of Cyprus, revenue from tourism

BoE’s Posen says QE working, notes risks

The Bank of England's unprecedented quantitative easing programme has helped Britain stave off a Japanese-style depression though the balance of risks to growth and inflation remains to the downside, policymaker Adam Posen

U.S. economy expands 2.2 pct in Q3

The U.S. economy grew at a much slower pace than initially thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, according to data

U.S. health bill clears second Senate hurdle

U.S. Senate Democrats cleared the second of three 60-vote hurdles on President Barack Obama's healthcare overhaul on Tuesday, moving the landmark legislation one step closer to passage by Christmas. For the second