Both indicators of inflation in Cyprus show that there was a sharp deceleration in the pace of price increases in April. The EU-harmonised inflation rate for April showed that prices rose by 0.6% compared with April 2008. This is the same rate recorded for the national consumer price inflation rate published last week. Falling oil
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Motor vehicle registrations fell for a fourth straight month in April, decreasing by 13.9% over April 2008 to 4,671. Registrations of private saloon cars fell in the same period by 13.6% to 3,297. For the first four months of the year, the total registrations of motor vehicles decreased by 20.8% to 17,779 in January –
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The deficit on trade in goods shrank by more than a fifth in the first two months of 2009 as oil prices tumbled, compared with the same period of the previous year. According to the Statistical Service Cystat, total imports/arrivals in January-February 2009 amounted to EUR 859.7 mln compared with EUR 1,091.1 mln in January-February
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Global shares held steady on Monday, working on their third consecutive month of gains, but there were losses in Europe after recent gains amid worries about bank earnings. Investors were generally lifted by last week's smaller-than-expected number of job losses in the United States, which reinforced expectations that the global economy, while still weak, may
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Oil fell $1 a barrel to below $58 on Monday, reversing some of the previous session's gain, pressured by falling European equities and caution over the pace of any global recovery. The oil price hit a six-month high of $58.75 on Friday as economic data showed fewer-than-expected U.S. jobs were lost in April and stress
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EU antitrust regulators are expected to say this week that Intel Corp illegally paid computer makers to postpone or cancel the launch of products containing chips made by its main rival, sources familiar with the case said on Sunday. The European Commission is set to decide on Wednesday to fine the world's largest chipmaker and
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The new "Star Trek" movie beamed up an estimated $72.5 million in North American ticket sales its first weekend in theaters, dominating the box office and re-energizing a 40-year-old science-fiction franchise. That figure far surpassed the opening grosses posted by any of the previous 10 "Star Trek" films, even when adjusted for inflation, and kept
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Indirect tax receipts for April ’09 contracted by 5.7%, whilst receipts for the period January – April 2009 were 4.7% lower at EUR 756 mln according to the Department of Customs and Excise. VAT receipts, which constitute the biggest part of indirect taxes receipts (c.75-80% of the total) recorded a 3.8% decrease to EUR 584
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China added to the drip-feed of encouraging news on Monday with a top central banker saying the government's stimulus has worked better than expected and crude imports data showing a spike in demand. Global stock markets have rallied in recent weeks on hopes the U.S. economy will start growing again later this year and that
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Asian shares rose to their highest in seven months while the safe-haven dollar extended its decline on Monday, but warnings about an impending turnaround are growing amid weak corporate results and views that any global recovery will only be gradual. For now, traders focused on a smaller-than-expected number of job losses in the United States
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