Cyprus - Page 2019

President of the Republic of Cyprus Demetris Christofias has said here Friday that regulatory authorities are needed to supervise the financial system, in the face of global financial crisis. Christofias was speaking

European leaders were set on Friday to demand an overhaul of the rules of global finance after the International Monetary Fund (IMF) said that the economies of rich nations would shrink next

South Korea's central bank, anxious to soothe markets and shore up its economy, cut interest rates for the third time in a month on Friday after a flurry of deep rate cuts

Britain's ruling Labour Party won a parliamentary election in Scotland on Friday in a sign that Prime Minister Gordon Brown's handling of the financial crisis has turned around his political fortunes. Just

Barack Obama will have his campaign promises put to the test on Friday as he meets with economic advisers to discuss his transition to the White House and holds his first news

The number of U.S. workers filing new claims for jobless benefits fell by 4,000 last week to 481,000, according to a Labor Department report on Thursday that still showed the job market

The annual consumer price inflation rate in Cyprus fell for the third consecutive month in October, as the price of petroleum products continued to fall. The consumer price inflation rate reached 5.24%

The European Central Bank slashed interest rates by 50 basis points on Thursday, hoping to breathe life into the euro zone economy as it faces its first recession. The widely-expected cut took

Britain slashed borrowing costs by a record 1.5 percentage points on Thursday and Europe was expected to follow in cutting its rates as part of concerted efforts to revive world commerce and

Europe's top central banks were under pressure to slash borrowing costs by a record margin on Thursday as part of global efforts to stimulate trade and commerce and ward off deep recession.