The rate of inflation for December 2009 rose to 1,6%, compared to 1,0% in November 2009 and 1,8% in December 2008, according to the evolution of the Harmonized Index of Consumer Prices (HICP) for December 2009, announced by the Statistical Service. For the period January-December 2009, the HICP recorded an increase of 0,2% compared to

The largest Motorshow Exhibition in Cyprus will open its gates on 19 January in Nicosia. Cyprus State Fairs Authority Chairman, Loizos Constantinou, told a press conference Tuesday, that the exhibition will give visitors the chance to enjoy the latest and most modern models of cars on the market today. The number of exhibitors for this

Stocks and commodities fell in Asia on Wednesday after China's surprise hike of banks' reserve requirements sparked investor concerns that the move could slow China's purchases of natural resources and other imported goods from Asia. High-yielding currencies such as the Australian dollar weakened after the move by the People's Bank of China late on Tuesday,

World stocks fell on Tuesday and Wall Street looked set for a poor start as investors digested early results from the U.S. and European earnings seasons and reacted to a surprise monetary policy tightening in China. The dollar rose on the China move with the Australian dollar the biggest loser given its trade links and

Britain's top share index shed 1.1 percent by midday on Tuesday as commodity issues and banks dropped sharply on news China has raised its banks' reserve requirements, a sign of tighter monetary policy. Miners led the blue chip retreat as metal prices fell further following the move by China, with the sector already under pressure

Google Inc's venture capital arm, Google Ventures, is bringing more partners onboard as the $100 million fund seeks to build upon the eight investments it has made in companies since its launch last spring. Managing Partner Bill Maris said the fund had quietly begun to bulk up its ranks and is in the process of

Stock index futures dropped on Tuesday on a subpar start to earnings season following Alcoa Inc's worse-than-expected results and Chevron Corp's warning that its income would be "sharply lower." Alcoa (AA.N) recorded a narrower quarterly loss late Monday, but Wall Street's forecast was for a small per-share profit, and the aluminum company's stock fell 5.7

Last week’s calendar was packed with economic releases but the market was focused on Friday’s payroll number. For the first time in quite some time there were expectations of a positive number. These expectations were reinforced by comments of the Fed’s Bullard on Friday, stating that ‘we are close to a time when the unemployment

World stocks fell on Tuesday as investors digested early results from the U.S. and European earnings seasons while the dollar climbed on a Chinese view its decline has hit bottom. Some attention was also likely to be paid to euro zone member Greece, reeling from a huge debt burden and downgrade, which was to auction