US housing starts fall, producer prices rise

New U.S. housing starts unexpectedly fell in December, likely the result of unusually cold weather, while producer prices rose for a third straight month. The Commerce Department said on Wednesday housing starts

UK jobless falls stoke recovery hopes

Britain's labour market showed signs of stabilisation at the end of last year, with the biggest fall in benefit claims in nearly 3 years and the first fall in an internationally comparable

Global slide in ’09 economic freedom holds risks

Economic freedoms were sharply reduced last year on massive spending and bailouts during the financial crisis, a trend that could imperil future economic prospects, the U.S.-based Heritage Foundation said on Wednesday. The

2010 Motorshow opens in Cyprus Nicosia

Thirty five exhibitors participate in Cyprus 2010 MOTORSHOW held here January 19-24, covering 14,500 square metres of ground, Chairman of the Cyprus State Fairs Authority Loizos Constantinou has said speaking during the

Cyprus M&As plunge 80% in value

Dropped from €1.07 bln to €215 mln in 2009 The value of mergers and acquisitions involving Cyprus-based companies plunged by 80% in 2009 to EUR 215 mln, a far cry from the

EU, rating agencies ramp up pressure on Greece

The European Union and rating agencies piled pressure on Greece's government on Tuesday to quickly implement budget cuts but the agencies sounded cautiously optimistic over plans to fix public finances. Standard &