All nine members of the Bank of England's Monetary Policy Committee voted to keep interest rates at a record low of 0.5 percent and maintain the 200 billion pound asset buying programme in December, as expected. Minutes to the Dec. 9-10 meeting, published on Wednesday, showed policymakers felt little had changed since November when they
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Britain's service sector growth slowed to 0.1 percent in October from a slightly upwardly revised 0.5 percent in September after a fall in distribution services output, official data showed on Wednesday. The data offer the first official figures on how the largest segment of Britain's economy performed early in the fourth quarter of 2009, when
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Revenue from tourism has recorded a decrease of 15,7% in November 2009, compared to November 2008. According to data released by the Statistical Service of the Republic of Cyprus, revenue from tourism reached 61,0 mn euro in November 2009 compared to 72,4 mn in the corresponding month of the previous year, recording a decrease of
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President Demetris Christofias reiterated today his resolve to work for the reunification of Cyprus, which would allow its people to live in peace and freedom. «We are doing whatever we can in order to remove the flag of the illegal Turkish Cypriot regime on Pentadaktylos Mountain range, to see Cyprus reunited and allow the people
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World stocks rose for a third straight session on Wednesday and the dollar set a two-month peak against the yen after upbeat U.S. housing market data fanned expectations for a solid recovery in the U.S. economy. Data showed on Tuesday that sales of previously owned U.S. homes jumped to the highest level in nearly three
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Britain's top share index advanced for a third straight session on Wednesday, reflecting strength on Wall Street on optimism about the housing sector, with commodity stocks and banks among the top risers. At 0901 GMT, the FTSE 100 was up 34.35 points, or 0.6 percent, at 5,363.01, after rising 2.5 percent in the previous two
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North and South American users of Research in Motion Ltd's BlackBerry smartphone suffered widespread delays in message services on Tuesday, just a week after another outage struck the popular corporate network. Customers and analysts had raised concerns about network stability after a short-lived outage on December 17 — the same day the Canadian company reported
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Audiences have given Hollywood a big present in advance of Christmas — U.S. and Canadian movie ticket sales for 2009 were expected to cross the annual $10 billion mark on Tuesday night for the first time. Already, ticket sales have topped 2008's $9.63 billion as moviegoers flocked to "Transformers: Revenge of the Fallen," the year's
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Indian and Australian shares led Asian stock markets higher on Wednesday, while oil and gold came under pressure as the dollar held firm thanks to optimism about the U.S. economy. Leading European stock market indexes were expected to open slightly higher, extending a sharp two-day winning run, according to financial spreadbetters, while U.S. equity stock
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World stocks rose for a second day running on Tuesday and the dollar clung onto gains despite data showing the U.S. economy grew in the third quarter at a slower pace than initially thought. The euro and European stocks held firm after Moody's delivered a widely anticipated downgrade to Greece's sovereign rating. The cut was
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