Cyprus’ trade balance dropped in August 2009, mainly due to the reduction of imports by 56 million euro, in comparison with the previous month. During the first eight months of 2009, the trade balance reached 3.08 billion euro, compared to 4.16 billion during the first eight months of 2008. Total imports/arrivals dropped to 435.22 million
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On the surface, a glimmer of confidence is returning to the battered U.S. housing market, after more than three years of gut-wrenching defaults, price slumps and foreclosures. But investors and homeowners in California, the most populous U.S. state and a benchmark for housing across the country, are bracing for another fall as emergency government support
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President Barack Obama's top economic adviser said on Monday the United States is on the path toward economic recovery, conditions in financial markets are steadier and there have been initial signs of stabilization in the housing market. "Thanks largely to the Recovery Act, alongside an aggressive financial stabilization plan and a program to keep responsible
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Equity markets forged higher on Monday with Wall Street looking set for gains as investors bet on a positive corporate earnings season in both the United States and Europe. The dollar was weaker against major currencies, although it did gain against the yen. Gold also rose as the dollar fell, but remained off its record
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The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared. Electronic reading devices like Amazon's Kindle are set to enter the mass market, starting with a surge in sales this Christmas holiday season, helped by lower prices, rising consumer confidence
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Stock futures climbed on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies. In a sign of potentially healthier capital markets, private equity firm Blackstone Group (BX.N) is planning to list up to eight of its portfolio companies, according to a source who received a letter the
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European shares were higher in early trade on Monday, with banks and commodity shares topping the risers and Philips Electronics gaining after its third-quarter results beat forecasts. By 0835 GMT the pan-European FTSEurofirst 300 index of top shares was up 0.9 percent at 1,006.91 points. The benchmark index is up 20 percent so far this
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A response to a freedom of information request by Reuters showed accounting firm KPMG has been paid more than any other company for work related to Britain's plan to insure the risky assets of two banks. Seven firms have been paid a total of 26.5 million pounds ($42 million) for work related to the government's
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European shares followed Wall Street higher on Monday on optimism about the third-quarter earnings season, while the dollar gained for the second session in a row. Gold, currently running at record high prices, was up very slightly. European shares climbed in early trade after Philips Electronics offered a better-than-forecast earnings report. The pan-European FTSEurofirst 300
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Britain's top shares rose 1.0 percent early on Monday, regaining 5,200 points for the first time in over a year on advances in oil majors and a rally by Vodafone, with investors awaiting the next batch of U.S. earnings. By 0925 GMT the benchmark FTSE 100 was up 51.29 points at 5,213.16, a fresh high
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