Banking and Finance

The deal to harmonise tax on multinationals globally agreed to on Saturday by the G7 leaves a large loophole, one that may permit large companies to avoid tax, according to ...

Blockchain technology company Blockstream Mining said on Saturday that Square Inc (SQ.N) will invest $5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream’s US ...

Last month, Claire Elise Boucher, known in the music world as Grimes, earned $5.8 million in 20 minutes with the sale of Non-Fungible Tokens, or NFTs. In fact, top NFT platforms have ...

Lebanon’s Banque du Liban has forced banks to allow depositors to withdraw $400 per month and the equivalent amount in Lebanese pounds, the central bank said in a circular released ...

Britain’s NatWest expects only about 13 per cent of its staff to return to primarily office-based working, the lender said on Tuesday as it revealed a three-pronged approach to post-pandemic ...

“You can’t talk about ESG and invest in a really bad actor – and more and more companies are afraid of the reputational risk,” warns one fund manager. When Belarus ...

Bank of Cyprus Holdings has been deemed a healthy investment opportunity, stock analysts at Simply Wall St have reported this week. Analysts expect revenue to grow at a rate of 12.28 ...

While the overall outlook is sunny for Cyprus, according to the European Commission’s Spring 2021 Post-Programme Surveillance Report released on Thursday, there are some aspects of the economy that give ...

Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe. ...

Turkey’s inflation rate fell from a two-year high to 16.59 per cent year-on-year in May, data showed on Thursday, bucking market expectations for another rise thanks largely to limited price ...

Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along ...

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27...

The Turkish lira hit record lows against the euro and the dollar as Turkish President Recep Tayyip Erdogan told the press on Tuesday that interest rates must be cut. The ...

“Bank of Cyprus has already covered considerable distance in our ESG journey. We have an ‘A’ rating from MSCI, which is the global benchmark on ESG. The company has also ...

“Most clients would consider ESG investments only if such investments are expected to enhance returns. There are organisations, of course, that are willing to take on ESG investments even if ...

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from ...

Tunisian politicians and officials warn of an economic collapse if the government cannot agree a new International Monetary Fund (IMF) loan this summer, but political paralysis could scotch that effort. ...

Israel’s Global Knafaim said on Thursday it bought a 49.9 per cent stake in the small Cypriot airline Tus Airways with a $5 million investment. Global Knafaim is a unit of ...

Cryptocurrencies slipped on Thursday, though without falling through recent lows, as traders clung to hopes that a nascent recovery from last week’s plunge can regain its momentum. Bitcoin has ...

The Turkish lira, at 10.32 to the euro, 8.44 to the dollar at this writing, is under extreme stress, according to analysts. The currency is perilously close to its record low of 10.50 ...

The fundamentals for the dollar remain bearish, analysts say. The euro is up 4 per cent against the dollar, the Brazilian real has risen 6 per cent and the Chinese yuan by ...

“Privatisation is coming soon to the Cyprus Stock Exchange (CSE),” Chairman Marinos Christodoulides told the Cyprus Mail in a note. “Hopefully, a foreign stock exchange will be the new shareholder ...

The European Commission has loaned Cyprus €124 million under the Support to mitigate Unemployment Risks in an Emergency (SURE) Programme, the Commission said in a press release on Tuesday. The funds ...

Bank of Cyprus announced first quarter revenue of €136 million, and operating profit of €45 million, the bank said in a statement on Tuesday. Profit after tax was €8 million. But organic profit (...