Cyprus petrol sales down m/m in August

The total sales of petroleum products in August 2009 recorded a decrease of 12.0% compared to the previous month. A significant decline was recorded in the sales of asphalt, light fuel oil

US Mortgage demand falls despite lower rates

U.S. mortgage applications fell last week despite the lowest loan rates in four months, the Mortgage Bankers Association said on Wednesday, in another sign that housing will likely recover slowly from its

IMF warns on rising bank losses

The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face

Economic Sentiment Index improves in Cyprus

The Economic Sentiment Index in Cyprus in September 2009 recorded the largest improvement among Eurozone countries, reaching 66.7 points, from 56.1% in August. According to a monthly European Commission report, in Cyprus