The U.S. Commodity Futures Trading Commission (CFTC) is planning to issue a report next month that suggests that wild swings in oil prices were significantly driven by speculators, the Wall Street Journal
Figures from the Cyprus Statistical Service show that tourists from Ireland were the biggest spenders in June, spending on average EUR 1,188 per person, or EUR 116.8 per day, compared with a
U.S. Treasury Secretary Timothy Geithner said on Monday China can play a major role in restoring global growth by continuing to encourage more consumption at home and exporting less. At the start
British businesses are slowly finding it easier to raise funds from debt markets and bank loans, two surveys showed on Monday, a day after Britain's finance minister said he was concerned about
The U.S. jobless rate is likely to stay high even once the nation exits recession some time in the next few months, Federal Reserve Chairman Ben Bernanke said on Sunday. Taping a
Bank of Cyprus announced a new five year shareholder agreement with George Piskov and Gagik Zakaryan, Chairman and President of Russian Uniastrum Bank respectively, thereby showing clearly the Bank’s confidence in Messrs
Primetel Plc (PTL), the alternative telecom provider announced that it has successfully completed the issue of the 5-year bond of EUR5 mln, which bears a stable interest rate payment of 6.75% per
The Cyprus Business climate index in July 2009 improved by 3.2 units month-on-month to 66.5 units, according to the Business and Consumer Survey conducted by the Economic Research Centre of the University
Options Cassoulides Plc (OPT) announced that its subsidiary I.G Cassoulides & Son Ltd reached an agreement with Messrs. Anastasios Elias and Georgios Andreou (who already hold 50% of Marelia Development Ltd) for
Europe produced a raft of survey reports on Friday that suggested the worst of the recession may have passed by mid-year and that industrial output is starting to stabilise, albeit on government
