Banking and Finance

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 ...

Cyta saw its highest after-tax profit in nine years of €70.8 million for the full year of 2020, and announced a positive outlook for its results in 2021, at a press conference on ...

The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had ...

A digital euro could suck away 8 per cent of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of ...

£784 million were lost to financial fraud last year, according to the UK’s Action Fraud. Victims of investment scams who referred to a social media platform lost £63 million ($89 million). The ...

US Federal Reserve officials are expected to begin debate on tapering the Fed’s monthly asset purchases as soon as this week’s policy meeting, but the central bank is ...

Lebanon’s currency crashed on Sunday reaching a new low against the dollar, as the country’s financial meltdown continues: Food is unaffordable, hospital are closed, petrol is unavailable, the ...

Bitcoin surged 9.8 per cent to $39,035.47 on Sunday, adding $3,492.71 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 per cent from the year’s low of $27,734 ...

Britain’s recovery from the Covid-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6 per cent higher than ...

France said on Sunday it would provide Egypt with some €1.8 billion ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a ...

Toshiba Corp’s (6502.T) second-biggest shareholder on Sunday demanded the board chairman and three other directors immediately resign after an investigation found the company had colluded with the Japanese government ...

Now that Elon Musk seems have finished tweeting about bitcoin, the overall movement that is pushing the cryptocurrency higher is taking hold again. Musk’s latest tweet showed “#Bitcoin” with ...

“The overarching key word is ‘trust,’ among Member States and European institutions, between citizens and their governments.” There is an increase in European solidarity and European integration in the current ...

British finance minister Rishi Sunak is pushing for the City of London to be exempt from a new global minimum corporation tax system championed by the Group of Seven (G7) ...

There has been much uproar in the press about how Cyprus could ‘block’ an EU minimum corporate tax proposal, of the type that the G7 policy document released on Saturday ...

Hellenic bank saw earnings of €89.3 million in the first quarter of 2021, and profit of €12.9 million after tax. These figures slightly exceeded analyst expectations. Profit before impairment losses, meaning the depreciation ...

European Parliament negotiators agreed with the European Council on common EU standards regulating the secondary market for non-performing loans, the Parliament said in a statement on Monday. The purpose of ...

Oil pulled back after hitting fresh multi-year highs on Monday, as investors awaited the outcome of this week’s talks between Iran and world powers over a nuclear deal that ...

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 ...