Test awaits Obama this week on financial reforms

The Obama administration on Wednesday will unveil its long-awaited plan to tighten U.S. financial regulation, marking a test of its resolve to seize political opportunity and face down powerful interests. Banks and

Cyprus employment falls in Q1—LFS

Employment levels fell in the first quarter of 2009 according to the quarterly Labour Force Survey which is conducted using EU norms. The number of employed reached 376,807 in the first quarter

Cyprus building permits rise again in March

The number of building permits authorised by the municipal authorities and the district administration offices increased for a second straight month during March 2009, rising by 7.3% to 766. However, the total

Oil falls towards $72 after three-day rally

Oil eased to $72 a barrel on Friday pressured by a firmer dollar, but stronger-than-expected Chinese economic data helped support prices near an eight-month high. The market on Thursday settled at $72.68,

Cyprus motor regs fall by over 30% in May

The number of old and used vehicles registered in Cyprus continued to fall steeply in May, reaching 4,496, a drop of 30.7% compared with May 2008. In January – May, total registrations