Brokerages jump on report SEC stops short of banning PFOF deals
Shares of retail brokerage Robinhood Markets Inc and market maker Virtu Financial (VIRT.O) jumped following a media report that the US Securities and Exchange Commission...
Banking and Finance
Russia’s SWIFT alternative expanding quickly this year, central bank says
The reach of Russia’s alternative to the SWIFT international messaging system has grown at record pace this year, the central bank said on Friday, as...
Nicholas Pavlidis: Head of Shipping, Bank of Cyprus
After 25 years in the United Kingdom and a career focused on shipping finance, Nicholas Pavlidis moved to Cyprus and joined Bank of Cyprus in...
British borrowing costs surge, sterling plunges after new economic plan
British government bond yields surged by the most in a day in over three decades on Friday, the pound slid to a fresh 37-year trough...
Britain sends investors fleeing with historic tax cuts and borrowing (Updated)
Britain’s new finance minister Kwasi Kwarteng unleashed historic tax cuts and huge increases in borrowing on Friday in an economic agenda that floored financial markets, with sterling...
Cyprus GDP to grow as unemployment falls and inflation normalises
The Central Bank of Cyprus (CBC) on Thursday said that the Cypriot economy’s primary macroeconomic figures for the years 2022-2024 are favourable according to its...
HSBC fund arm toughens thermal coal policy to curb climate change
HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking...
No relief for bruised markets as Fed signals higher rates for longer
A Federal Reserve dead-set on fighting inflation is leaving little hope that this year’s rocky markets will end anytime soon, as policymakers signal rates rises...
Bank of Cyprus bid makes case for lender buyouts
By Liam Proud Banks usually make for tricky private equity targets. Turnoffs include demanding regulators and high leverage, which stops buyers from piling on further...
Cyprus Business Now
Cypriot company Point Nine this week announced that its third annual conference was successfully held at the Four Seasons Hotel in Limassol on Friday, September...
