The Cyprus U.S. Chamber of Commerce held its membership meeting on September 14, 2009 at the Cyprus House in New York, hosted by the Cyprus Trade Commission. The meeting reviewed the Chamber’s activities and elected the Board of Directors and officers for the next two years. The outgoing President, Peter Kakoyiannis, thanked everyone for their

Asia has proved to be more resilient than expected to the global financial crisis with economic growth rebounding after governments adopted supportive monetary and fiscal policies, the Asian Development Bank said on Tuesday. The Manila-based multilateral bank raised its estimate of average growth in developing Asian economies to 3.9 percent in 2009 from a forecast

Asian shares inched up on Tuesday with softer commodity prices weighing on Australian stocks, while the New Zealand dollar hit a 13-month high on signs of a recovery in prices for the country's key dairy exports. The U.S. dollar ran out of steam, holding steady at around 92 yen, as short covering waned, after it

The United States will urge world leaders this week to launch a new push in November to rebalance the world economy, but there are doubts national governments will bow to external advice. A document outlining the U.S. position ahead of the Sept. 24-25 Group of 20 summit in Pittsburgh said exporters, which include China, Germany

Royal Bank of Scotland's tentative plan for a cash call to trim the government's stake, potentially ahead of a move by rival Lloyds, was met with lukewarm enthusiasm on Monday, sending its shares sharply lower. A source familiar with the matter said on Sunday RBS chief executive Stephen Hester was gauging investor appetite for a

Unemployment rate stood at 5,2% of the labour force in Cyprus during the 2nd quarter of 2009 (males 4,9% and females 5,5%) while in the corresponding quarter of 2008 the rate was lower, at 3,1% (males 2,6% and females 3,9%), according to the results of the Labour Force Survey, issued by the Statistical Service. The

World stocks retreated further from last week's 11-month high on Monday as lower energy and commodity prices and caution ahead of a Federal Reserve meeting and G20 summit prompted investors to trim risky trades. Leaders of the Group of 20 meet on Thursday and Friday in Pittsburgh and U.S. President Barack Obama said on Sunday

European shares extended their retreat from recent peaks on Monday, with a key index falling below the 1,000 mark, as investors moved away from risky assets ahead of a U.S. Federal Reserve meeting and G20 summit. Concerns that the recent stock market rally might have gone ahead of an economic recovery prompted investors to cut