Banking and Finance

Bank of Cyprus has appealed a central bank fine in the administrative court. The appeal was announced by the central bank which said that BoC was appealing the €277,000 fine imposed ...

Stock markets fell and the dollar held near a 16-month high on Tuesday as investors positioned for interest rate hikes in 2022 after Federal Reserve Chairman Jerome Powell was nominated for ...

The German economy is taking “a breather” as a lack of goods and labour as well as new restrictions designed to fight the coronavirus pandemic put an end to its ...

JPMorgan Chase & Co (JPM.N) is offering to pay some of its Hong Kong-based staff up to $5,000 each for their hotel quarantine stay for personal trips, a memo from ...

The Bank of Israel is expected to leave short-term interest rates unchanged this week, its 13th such decision in a row, though some analysts believe it should cut rates to ...

Bahrain’s central bank governor, Rasheed Mohammed al-Maraj, said in an interview published on Sunday he expects real gross domestic product to grow 3.1 per cent in 2021. The governor told local ...

by Maria Demertzis Countries hit comparatively hard during the financial crisis, helped also by domestic and European policies, are bouncing back from the pandemic faster than their peers. The European ...

Bank of England Governor Andrew Bailey said his concern on the inflation outlook is that it could be “elevated for longer” but there is also a chance that inflation does ...

Turkish opposition leaders called for immediate early elections on Thursday after the lira plunged 6 per cent to new lows following the central bank’s decision to cut interest rates amid ...

Rating Agency Standard and Poor’s revised Bank of Cyprus’, the country’s largest lender outlook to positive from stable, following a new NPL transaction titled “Helix 3” which would reduce ...

As a forex trader, it is important to keep on top of economic events that may influence the value of a currency. Two important measures to track are inflation and ...

Inflation in Cyprus reached 4.4 per cent during October of this year, according to the European statistical service (Eurostat). Cyprus’ inflation figure is slightly above the European Union average of 4.1 per ...

Cyprus’ economy is recovering at a swifter rate than previously thought, with real GDP on track to reach pre-pandemic levels by the fourth quarter of this year, credit ratings agency ...

By Nicos Panteli Supervisory authorities constantly remind banks that they need to drastically cut costs Without a doubt the Covid-19 pandemic has left its mark on all aspects of public ...

The European Union won’t suddenly pull up the “drawbridge” on Britain’s financial services sector, and reducing reliance on the City of London for euro clearing could take years, ...

A planned pan-European payments network backed by 22 banks to compete with US duo Mastercard and Visa appealed on Tuesday for public money, saying its private backers were not prepared to ...

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in ...

The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value of €577 million, bringing its NPL ...

Indian electronics engineer Siddharth Pandey will become a millionaire after the country’s biggest ever public issue, but he says he had to overcome his father’s opposition to join ...

The recovery of the Cypriot economy remains on an upward trajectory, with most indicators boding well for future growth, according to a report by the University of Cyprus Economic Research ...

Kazakhstan is struggling to meet the energy needs of its booming cryptocurrency mining industry, which is flourishing thanks to cheap power and an exodus of crypto miners from neighbouring China. ...

The European Commission’s Autumn 2021 Economic Forecast which was presented on Thursday shows positive prospects for Cyprus, including an increase in GDP by 5.4 per cent for 2021 as a whole, while ...

It has taken $50 billion and two years but the Bank of Israel may have finally accepted it is time to pare interventions and let the shekel juggernaut roll on. What ...

The Bank of England kept interest rates on hold on Thursday, dashing investors’ expectations for a hike that would have made it the first of the world’s big central ...