New car sales in Britain fell an annual 24 percent in April, the Society of Motor Manufacturers and Traders said on Thursday, but it expressed optimism that a brighter future lay ahead.
Oil rose towards $58 a barrel on Thursday as a surge in global stock markets raised expectations of economic recovery and of increased demand for oil products. U.S. light crude for June
The Bank of England looks set to leave interest rates at a record low on Thursday and may give little away about the future of its asset purchase scheme ahead of new
The progress achieved so far in the direct talks between the leaders of the two communities in Cyprus, aiming at a political settlement, is not what the Greek Cypriot side had expected,
Turkey's new foreign minister said on Wednesday that Ankara would push for settlement in divided Cyprus, where Turkish Cypriots recently elected a government backing a two-state arrangement anathema to Greek Cypriots. In
The banking sector in Cyprus remains healthy with local banks maintaining adequate liquidity and capital, and thus do not need capital injections or state aid from the government, Central Bank Governor Athanasios
The legislation guaranteeing bank deposits up to EUR 100,000 has cleared the last hurdle and after approval by the Cyprus Cabinet this week will be tabled before parliament for urgent passage. Under
The Boston Globe's biggest union reached a tentative accord early on Wednesday with owner New York Times Co to secure the money-losing newspaper's survival after a month of intense negotiations. The Boston
Turkish Cypriots spent EUR 5.1 mln using credit and debit cards in the southern part of Cyprus during the first three months of the year, according to data from the credit card
Credit card spending fell in the first four months of 2009 according to data from the credit card company JCC. Local plastic card use by Cyprus residents fell by 1% to EUR
