Oil rose toward $68 on Friday, scaling a fresh three week high, driven by rallies on global equity markets and gains in gasoline prices. U.S. crude was 47 cents up at $67.63
Britain's economy shrank more than twice as fast as expected in the second quarter to register its biggest annual decline since comparable records began in 1955, official data showed on Friday. The
Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no hard data,
After three years of decline, the European Union unemployment rate started to rise in the first quarter of 2008, in the wake of the world economic crisis. Since then the unemployment rate,
Bank of Cyprus, the largest lender on the island, has announced a series of decisions regarding interest rates, which are expected to benefit a large number of existing and new consumers. According
The Chairman of the Cyprus Employers and Industrialists Federation (OEV) Andreas Pittas expressed the Federation’s concern regarding the course of the local economy, saying that according to the International Monetary Fund, Cyprus’
Oil eased slightly but held above $65 a barrel on Thursday, buoyed by European equity markets rising for a ninth straight session and renewed speculation that an economic upturn would boost oil
The industrial turnover index of Cyprus is provisionally estimated to have reached 115.2 (base 2005=100) in April, recording a decrease of 10.8% compared with April 2008. For the period January-April 2009, the
Moody's Investors Service has placed on review for possible downgrade the bank financial strength ratings (BFSRs) and/or the long-term debt and deposit, subordinated and hybrid ratings of six Norwegian banks and four
EU member Cyprus plans to legislate against usury after an apparent spike in cases of people struggling with costly debt from loan sharks profiteering during the financial downturn. Although there is no
