Banking and Finance

Barclays (BARC.L) reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees from a surge in ...

British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year earlier, when the economy faced ...

The Bank of England will be the first major central bank to raise interest rates in the post-pandemic cycle but economists polled by Reuters think the first hike will not ...

American credit rating agency S&P has released a report affirming RCB Bank with a rating of “BB-” with a stable outlook. RCB Bank’s long and short-term credit ...

British lawmakers have asked the Financial Conduct Authority why it took five years to prosecute NatWest (NWG.L) for failing to prevent the laundering of nearly 400 million pounds ($551.28 million), after ...

Bitcoin hovered below record levels on Wednesday, the day after the first US bitcoin futures-based exchange-traded fund (ETF) began trading, a development that market participants say is likely to drive ...

Digitisation gives banks the opportunity to come out of the pandemic even stronger The Covid-19 pandemic has accelerated technological transformation for businesses operating in all sectors of the economy. Organisations ...

The Cyprus Chamber of Commerce and Industry (CCCI), in collaboration with a number of economists, has prepared a study on the Cypriot economy and what policies can be implemented in ...

British Finance Minister Rishi Sunak is stepping up plans for an online sales tax, the Telegraph reported on Sunday. Treasury officials have accelerated work on a new e-commerce tax and ...

Evergrande Group’s (3333.HK) chief executive is holding talks in Hong Kong with investment banks and creditors over a possible restructuring and asset sales, two people said, as the Chinese ...

It was an email offering a discount on an electric toothbrush that began the sequence of events that ruined Anna’s life. Within minutes of entering her card details, she ...

By Andreas Charalambous and Omiros Pissarides Following the prolonged period of subdued inflation, discussions are currently focusing on the evolution of prices, given their serious effects on citizens’ everyday lives ...

By George M. Georgiou According to Eurostat’s data browser, Cyprus’ real per capita GDP in 2020 was €23.050, which is about 87 per cent of the EU-27 average. One could be forgiven ...

Turkey’s President Tayyip Erdogan dismissed three central bank monetary policy committee (MPC) members on Thursday, appointing two new members in their place, the country’s Official Gazette said, sending ...

Binance will stop the use of the Chinese yuan on its peer-to-peer trading platform, the latest move by major global cryptocurrency exchanges to cut their ties with mainland Chinese investors ...

Jamie Dimon, JPMorgan Chase & Co (JPM.N) chief executive, said on Monday at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitcoin is “...

Persistent supply chain disruptions and pricing pressures are constraining the global economy’s recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks ...

The International Monetary Fund revised upwards the growth rate of the Cypriot economy, compared to its forecasts for last April. According to the World Economic Outlook (WEO) published on Tuesday, ...

Under pressure to act as inflation jumps towards double its 2 per cent target, the Bank of England appears to be gearing up to be the first of the world’s ...

A growing number of El Salvadorans have experimented with bitcoin since the country became the first to adopt it as legal tender last month, with a couple of million dollars ...

‘We are told nothing and several people in the UK have taken their own lives because of what is being done to them’ It has been around seven years since ...

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in ...

The state budget for 2022 was handed over to parliament on Thursday, with the drastic reduction of the deficit being the key takeaway. More details about the budget have emerged since ...

Turkish President Tayyip Erdogan is losing confidence in Sahap Kavcioglu, his latest appointment as central bank governor, and the two have communicated little in recent weeks, three sources familiar with ...