The total sales of petroleum products in May 2009 recorded an increase of 8.4% compared with the previous month according to the Statistical Service. Α considerable rise was recorded in the sales of asphalt, heavy fuel oil and aviation kerosene, while a significant decrease was recorded in the sales of kerosene, liquefied petroleum gas and
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The number of registered unemployed in Cyprus continued to climb in June, reaching 1,674. This was number was 6,231 or 59.3% higher than in June 2008. Unemployment began to rise rapidly in late 2008. In November, the number of unemployed was only 182 higher than in the previous year. In December, this shot up to
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Investors have entered the third quarter deeply divided about what should be happening on financial markets. While some reckon the global economy is well on the mend and therefore it is time to put more money into stocks and riskier assets, others see fragility and danger, and remain cautious. With a relatively light data agenda
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London-based brokerage PVM Oil Futures Limited said on Friday that Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorised trades earlier this week. Philip Wiper of PVM said that Perkins had taken the positions in Brent crude futures early on Tuesday morning.
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World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow. U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in
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A homemade bomb exploded outside a Greek government taxation office in Athens on Friday, damaging nearby buildings but causing no injuries, police said. "The explosive device went off around 0230 GMT, shattering glass at nearby buildings. There was a warning call to police a few minutes earlier but no claim of responsibility," a police official
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There looks to be virtually no chance the MPC will move rates at the July meeting, according to an analysis by Citigroup analysts. But, the MPC will soon need to decide whether to implement another big round of QE once the current GBP125bln programme is finished (around July 20-24 at the current pace). “We expect
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Property sale contracts concluded in June 2009 fell by 45.7% taking the first six months decline to 58.3% according to data issued by the Land Registry Department. The figures indicate the sharp decline in activity in the property sector, but according to Marfin CLR analysts, there are some positive indicators worth noting.
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According to the Terms of Issue of the Convertible Bonds 2013/2018 of Bank of Cyprus Public Company Ltd (the «Bonds»), the interest rate on the Bonds which will apply for the period 01/07/2009 until 31/12/2009 was reviewed and set at 2,322% (6-month Euribor 1,322% plus 1,00%).
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The plenary of the UN General Assembly adopted on June 30 the budgets of 14 peacekeeping forces, including the UN Peacekeeping Force in Cyprus (UNFICYP). The General Assembly adopted the report of the Fifth Committee, approving the sum of $56.80 mln for the period beginning on July 1, 2009, and ending on June 30, 2010,
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