Cryptos turn choppy as bounce momentum ebbs
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 ...
Turkish lira, at 10.32 to euro, is under extreme stress
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 ...
Euro on the rise; dollar on the fritz
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 ...
Cyprus stock exchange privatisation moves forward — Chairman
“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 ...
Cyprus receives €124m in SURE loans
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 sees first quarter revenue of €136m, operating profit of €45m
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 (...
Turkish mob boss releases 7th scandal video, alleges northern Cyprus connection
Turkish organised crime boss Sedat Peker on Sunday released his seventh video in a scandalous series about government and organised crime that has garnered 70 million viewers, according to Social Blade.
...
HSBC CEO says Bitcoin not for us
HSBC has no plans to launch a cryptocurrency trading desk or offer the digital coins as an investment to customers, because they are too volatile and lack transparency, its Chief ...
G7 close to deal on corporate taxation
The Group of Seven top advanced economies are close to an accord on the corporate taxation of multinationals, paving the way for a global deal later in the year creating ...
Musk says he likes crypto despite everything
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk tweeted on Saturday that in a battle between fiat and cryptocurrencies, his support is with crypto.
Two days ago, Musk assured ...
Invest in the booming US? Strong euro says ‘stay home’
“I’ve never seen an economy that feels as good as the US today,” Mark Zandi, chief economist at Moody’s Analytics, told CNN Business. “The economy is booming. It’...
Lebanon’s politicians to face sanctions from EU for negligence
France, with the support of the EU Commission, is preparing sanctions against Lebanese politicians, intended to target their unwillingness to form a government despite the country’s nearly complete collapse.
...
IMF seeks to ‘end pandemic’ with $50bn financing for vaccinations
The International Monetary Fund (IMF) has published a proposal to “end the pandemic” with $50 billion in financing for vaccinations, the organisation said in an note on Friday.
The proposal’s ...
Bank of England aims for greener corporate bond portfolio
The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero ...
Government should withdraw support schemes – Central Bank of Cyprus
The government should begin gradually withdrawing the support schemes it has promulgated during the pandemic crisis, the Central Bank of Cyprus said in its Annual Report and Financial Stability Report.
...
Bundesliga moves to keep out private investors, avoid their influence
Germany’s top-flight soccer league has scrapped plans to sell a 25 per cent stake in its overseas broadcasting rights after resistance from Bundesliga clubs concerned about private equity firms meddling ...
Cyprus office real estate market to decline 10-15% on work from home
By Pavlos Loizou, managing director, WiRE
The Cyprus market for office space is expected to decline 10 per cent to 15 per cent as companies adopt the remote working model, Pavlos Loizou, ...
Hellenic ranked among top banks globally
Hellenic Bank has been ranked by Global Finance magazine among the top banks in the world because they managed to rapidly and effectively adapt to the new circumstances created by ...
Cyprus EU Recovery Plan will tap private sector funding
Some examples of funding
€40 million will go to SMEs and councils and communities
€20.5 million for energy efficiency for homes and renewables
€78.4 million for improvement business competitiveness
€96 million for improvement of ...
Bitcoin sees rival altcoins taking market share
Bitcoin’s smaller rivals are eroding its share of the $2 trillion digital currency market. Of the dozens snapping at its heels, most have little use beyond financial trading – but few ...
Cyprus workers don’t like to work from home
Cyprus has one of the lowest percentages of workers who usually work from home in the European Union a report from the European Statistical Office (Eurostat) has revealed.
Cyprus vs ...
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest bank chairman Howard Davies ...
EU to beef up taxation across Member States
The European Commission wants to propose in 2023 a more unified way of taxing companies in the European Union, hoping that such rules, which have failed to win support in the ...
Cyprus business, professional climate improves as economy recovers – Economists
The Cyprus business and professional climate, which had deteriorated in March 2021, has strengthened significantly in April of this year, according to a report by the University of Cyprus Economic Research ...