Cyprus cruise arrivals at 16,864 in July

Cyprus received just short of 7,000 day visitors by cruise-ship in July, according to the latest figures from the Statistical Service. The total number of same-day visitors amounted to 17,578, of which

Oil falls to $98; eyes Ike, Wall St turmoil

Oil tumbled to $98 a barrel on Monday on signs Hurricane Ike may have spared key U.S. energy infrastructure and turmoil in the U.S. financial system fanned global economic concerns. The ruptured

US producer prices slip 0.9 pct on cheaper oil

August wholesale prices dropped by a bigger-than-expected 0.9%, the sharpest retreat in almost two years, the government said on Friday as a big decline in energy costs eased price pressures. The Labor

Oil back above $102, awaits Hurricane Ike

Oil rose to around $102 a barrel on Friday, underpinned by Hurricane Ike which could threaten oil refineries in the United States, the world's biggest energy consumer. U.S. crude for October delivery

DealMaker resigns from Aspis

Lambros Christophi has resigned from his position as CEO of Aspis Holdings Pcl (ASP.CY) and from the Boards of all Group companies citing personal reasons and because as he put it, he

Cyprus tax revenue up 2% in first eight months

The Cyprus Inland Revenue Department (IRD) announced that total tax receipts during the period January – August 2008 increased by 2.0% yoy to EUR 1.3 bln. The marginal improvement is primarily attributed