U.S. President Barack Obama defended the Federal Reserve's policy of printing dollars on Monday during a trip to India, after Chinese officials stepped up criticism ahead of this week's Group of 20 meeting. The G20 summit has been pitched as a chance for leaders of the countries that account for 85 percent of world output
More
Greek Prime Minister George Papandreou ruled out calling a snap parliamentary election on Sunday after winning enough support in local polls to decide he could press ahead with a radical austerity programme. The threat of an early election had unsettled markets and analysts said his decision had removed short-term uncertainties. Initial official estimates put Papandreou's
More
Canon Inc. announced that it has successfully developed an APS-H-size CMOS image sensor that delivers an image resolution of approximately 120 megapixels (13,280 x 9,184 pixels), the world's highest level*2 of resolution for its size. Compared with Canon's highest-resolution commercial CMOS sensor of the same size, comprising approximately 16.1 million pixels, the newly developed sensor
More
Plastic card spending by Greek Cypriots in the “Occupied Areas and Attaleia” rose by 15.4% to EUR 9.02 mln in the first ten months of 2010, according to data from the credit card company JCC Payment Systems, up from EUR 7.81 mln in the same period of 2009. Given the small number of people who
More
Credit card spending by locals accelerated in October according to data from the credit card company JCC. Local plastic card use by Cyprus residents increased by 8% over the year earlier to EUR 153,276,113 (EUR 153mln) in October, having risen by 2% in September and 4% in August. In the period January-October, credit card spending
More
The manufacturing sector was worth EUR 3.3 bln in 2009, according to the latest Statistical Service publication, “Industrial Statistics, 2009”. The report provides detailed data on the broad industrial sector, covering manufacturing, mining and quarrying, electricity supply, water supply, sewerage, waste management and remediation activities. The industrial sector in 2009 registered a negative growth rate
More
Retail trade volumes rose for the third month in a row in August according to preliminary figures, rising by 1.6% over the year earlier, compared with an increase of 2.2% in July and 1.2% in June. Compared with the previous month, retail trade fell for seasonal reasons by 12.6%. In the period January-August 2010, retail
More
Greece will auction 300 million euros ($424 million) of 26-week T-bills on Nov. 9, continuing its strategy of monthly short-term debt sales, the country's debt agency (PDMA) said on Friday. Greece switched to monthly issues of short-term government paper from quarterly sales in September, seeking to improve cash management as it struggles to emerge from
More
Cypriot credit card purchases were up 3 percent in January-October compared with the same period last year, with an 8 percent rise in October alone, clearing agency JCC said on Friday. Payments on credit from January to October totalled 1.54 billion euros, while the number of transactions rose 5 percent, JCC said. Numbers of purchases
More
Greek business and household bank deposits were flat in September after a slight rebound in the previous month, central bank data showed on Friday. The Bank of Greece data showed deposits at 212.8 billion euros ($300.9 billion) from 213 billion euros at end-August. Since the start of the year, deposits in this category are down
More