The Bank of England is expected to leave monetary policy unchanged on Thursday despite more signs of economic strength, as it sticks to its commitment to keep interest rates on hold while joblessness stays above target. Most data over the past month has suggested that Britain's stalled recovery is finally getting back in gear, and
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Ben Bernanke spent his whole life training for the job of Fed chairman – even if he didn't know it at the time. One of the Great Depression's most prominent scholars, Bernanke inherited a historic slump of his own not long after taking the helm of the Federal Reserve eight years ago. He took the
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Cuts in EU greenhouse gas emissions have almost reached the 20 percent target set for 2020, official figures showed on Wednesday, stoking a debate on how quickly the bloc should promise deeper cuts. The European Environment Agency (EEA), a scientific body set up to inform EU policymakers, said emissions in 2012 were around 18 percent
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Japanese stocks rose to a one-week high and the dollar strengthened on Thursday as investors grew hopeful that U.S. politicians will resolve in coming days the fiscal impasse that has sapped market confidence. Tokyo's Nikkei share average advanced 0.9% to its highest point since the middle of last week, although shares elsewhere in Asia lost
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Revenue from tourism reached €259,8 mln in June 2013 compared to €254,5 mln in the corresponding month of the previous year, recording an increase of 2,1%, on the basis of the results of a Passenger Survey conducted by Cyprus’ Statistical Service. This is the first increase in revenue from tourism, after the decline recorded in
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The Central Bank of Cyprus has appointed a leading global management firm, Oliver Wyman, part of Marsh & McLennan Companies, to provide consulting services on issues related with the restructuring of the banking sector, but for an unspecified period of time. Oliver Wyman replaces Alvarez & Marsal, whose contract expired on September 30, and will
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The GDP growth rate in Cyprus in real terms during the second quarter of 2013 is negative and estimated at -5,9% over the corresponding quarter of 2012, the Statistical Service Cystat announced. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at -5,8%. Νegative growth rates were recorded
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The European Parliament approved on Wednesday a report tabled by Cypriot MEP Antigoni Papadopoulou on "gendercide", with the deputy saying it was approved by a majority of 500 MEPs, having already been discussed in the past but rejected due to strong objections. The report notes that gendercide is a rising but under-reported problem in several
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The outlook for Poland's banking system has been raised from ‘negative’ to ‘stable’ by Moody's Investors Service on the expectation of a recovery in economic growth and consequent stabilisation in bank profitability. The rating agency said that stable outlook also reflects the banks' improved capitalisation, increased risk-absorption capacity and largely self-sufficient funding profiles, which make
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Kuwait has reaffirmed its great interest to invest in Cyprus, however the type of these investments still needs to be specified, Cyprus Finance Minister Harris Georgiadis has said. Georgiadis is accompanying Cyprus President in his two-day visit to Kuwait, with the aim, inter alia, to attract investments. Speaking to the press Wednesday, FinMin said that
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