European shares fell in early trade on Tuesday, extending their decline for a fifth day after China implemented a previously announced clampdown on lending, with banks and commodities the major fallers in Europe. By 0930 GMT, the pan-European FTSEurofirst 300 index was down 0.6 percent at 1,012.64 points. In the past five-days, the index has
More
Oil fell towards $74 a barrel on Tuesday after China implemented a clampdown on lending, rekindling concern that tightening moves by the world's second-largest oil user may limit demand. Crude approached a one-month low after the Chinese move, which analysts said was a setback for the bullish view in oil markets that puts the prospect
More
Britain came out of recession in the fourth quarter of 2009, but only just and with a far weaker growth rate than expected, data showed on Tuesday, suggesting any monetary tightening remains a long way off. The Office for National Statistics said gross domestic product rose by 0.1 percent between October and December, well below
More
European shares fell in early trade on Tuesday, extending their decline for a fifth day after China implemented a previously announced clampdown on lending, with banks and commodities the major fallers in Europe. By 0810 GMT, the pan-European FTSEurofirst 300 index was down 0.7 percent at 1,011.34 points. Sentiment was knocked after banking sources said
More
The Bank of Japan forecast on Tuesday prices would fall less than earlier thought but remained open to further policy easing in the face of renewed government calls for more support for a fragile economic recovery. Finance Minister Naoto Kan, speaking just hours before the central bank announced it kept its policy rate at 0.1
More
Japan's Nikkei average fell 1.8 percent to a five-week closing low on Tuesday, with exporters hurt as the yen rose broadly after China implemented a previously ordered increase in reserve requirements for some banks. KDDI, Japan's No.2 telecom firm, tumbled 8.6 percent after it said it would pay $4 billion for a controlling stake in
More
Apple Inc posted better-than-forecast Mac sales and strong growth in Asia and Europe, but iPhone shipments came in just below Wall Street's somewhat heightened expectations. The stock edged 1 percent higher in after-hours trading, building on a 2.7 percent rise on Nasdaq during the day, and provided Apple a boost heading into Wednesday, when it
More
Tourism revenue in Cyprus fell for the second year in a row in 2009, dropping by 16.7% to EUR 1.49 bln, from EUR 1.79 bln in 2008 and EUR 1.86 bln in 2007. Following the pattern of the past two years, revenue fell more steeply than arrivals, which dropped by 10.9% in 2009 and 0.5%
More
Revenue from tourism is estimated at 1.493,2 million euro in 2009, compared to 1.792,8 million in 2008, recording a decrease of 16.7%. According to the Statistical Service of the Republic of Cyprus, on the basis of the results of the Passenger Survey, revenue from tourism reached 42,7million in December 2009 compared to 51,6 million in
More
Cyprus Airways (CA) will conduct one hundred more chartered flights this summer to and from eight destinations in Greece and other cities in Europe and Egypt. A CA press release, issued here today, said that the company has signed an agreement with Royal Holidays tourist organisation for these flights, which are scheduled to begin on
More