Banking and Finance

On a rainy day last November, China Baowu Steel Group, the world’s largest steel maker, gathered its finance department for a training session on the outskirts of Shanghai. One ...

By Pavlos Loizou, Managing Director, WiRE FS It is a paradox that currently only a handful of people in Cyprus are still concerned with the matter of NPLs. Maybe they ...

The European Central Bank should retain the exceptional flexibility of its emergency bond buys after the current crisis, ECB board member Fabio Panetta said on Monday, setting the stage for ...

Banking jobs in the German financial capital of Frankfurt are on the decline despite a boost from Brexit, according to a study by German lender Helaba. Headcount at the city’...

President Emmanuel Macron will declare that Paris is back on the map of global finance on Tuesday when he inaugurates JPMorgan’s new trading hub in the French capital which ...

Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which ...

The European Central Bank could lift a restriction on bank dividend payments in the coming months thanks to an improved macroeconomic scenario in the euro zone, ECB policymaker Pablo de ...

With the British economy seeming to go like gangbusters – UK GDP is expected to rise by 7.2 per cent in 2021, according to the OECD, 265 per cent job growth expected in the ...

“Talented developers, senior developers have to be involved with more innovative things and stay on top of current technologies, because as a developer, if you’re doing the same thing ...

Cyprus funds grew 14 per cent in terms of assets under management in the first quarter of 2021, to €9.8 billion. We asked Andreas Yiasemides, president of the Cyprus Investment Funds Association, to ...

The Board of Hellenic Bank on Wednesday at its Annual General Meeting elected two new members, and re-elected all of its other 11 members. The two new members are both newly ...

Workers in Cyprus have been working harder, with more hours and fewer absences, according to a recent report, but incomes are declining. And, in spite of all that, economic sentiment ...

The firm that will manage the privatisation of the Cyprus Stock Exchange (CSE) will be announced in two weeks, Board Chairman Marinos Christodoulides said on Wednesday. A consultive firm will ...

The Kataeb party is trying to unite the opposition around a coherent economic policy. By George Eid and Andrew Rosenbaum Lebanon is in desperate need of a viable economic policy. ...

Hellenic Bank announced on Wednesday at their Annual General Meeting for 2020 that the appointment of the new CEO Oliver Gatzke is awaiting the approval of both the European Central Bank ...

Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, Central Bank Governor Sahap Kavcioglu said at a ...

The European Union is not intent on stealing business from the City of London, but future access for Britain to the bloc’s financial market will hinge on whether it ...

With all eyes on the US central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the ...

Bitcoin regained some ground on Tuesday, a day after touching a two-week low after China’s central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. ...

The ECB’s elusive inflation goal, currently set “below but close to 2 per cent”, seems almost certain to get a facelift and be set at 2 per cent, with a tolerance ...

Cyprus ranked in 33rd place in the 2021 Institute for Management Development World Competitiveness Ranking Cyprus dropped three places in the ranking from the previous year, according to the survey which ...

By Ioannis Tirkides Optimism is rising high in the global economy for the recovery in 2021-22, and growth forecasts are being revised higher. The European Commission now expects real GDP ...

Bank of Cyprus announced on Thursday that it has successfully completed the issuance and sale of a €300 million high-priority bond through its European Medium-Term Bond Loan Program (EMTN Program), the ...

Federal Reserve officials signaled on Wednesday that they expected to raise interest rates from near-zero levels sooner than they had previously forecast. The euro and the pound both fell sharply ...