Bank of Cyprus has decided to exercise its option to redeem in whole the Capital Securities Series B at par. The Capital Securities Series B are perpetual without a maturity date, amount
The financial crisis highlights the need for more effective regulation and supervision, European Central Bank (ECB) Governing Council member Athanasios Orphanides said on Thursday. Orphanides said he believed that the model of
Germany and Italy suffered record falls in industrial output in February, leading a slump across the euro zone where manufacturers are bearing the brunt of a sharp downturn in global trade. From
Asia and Europe's biggest economies outlined plans to help banks and other businesses on Thursday, with Japan unveiling a record stimulus to counter a deepening recession. As part of a $154 billion
The number of U.S. workers filing new claims for jobless aid fell last week, but the number of people on unemployment rolls surged to a record in March, data showed on Thursday,
Global remittances, a key source of revenue for many developing countries, may fall 5 percent in 2009 after years of stromg growth, a World Bank official said on Thursday. Millions of people
A combination of cultural habits and hot summers mean that few Cypriots would consider walking to work. However, more Cypriots walk than one might think, according to the Passenger Mobility survey on
The industrial output prices index reached 119.2 in February 2009 (base 2005=100), recording a decrease of 0.1% compared to January 2009. For the period January-February 2009, the index showed an increase of
The value of both imports and exports in Cyprus dived in February compared with the same period of the previous year, according to preliminary figures for the month. On the basis of
Oil rose towards $51 on Thursday as rallies on stock markets revived thoughts of economic recovery and subsequent increased demand for commodities. Asian stocks pushed back towards a six-month high on Thursday
