Banking and Finance

Turkey’s central bank banned the use of cryptocurrencies and crypto assets to purchase goods and services, citing possible “irreparable” damage and significant transaction risks in a move that cooled ...

Twenty thousand users are fighting to get their vaccine of choice within a single second. That’s what is making the Vaccination Portal crash, explains Deputy Minister of Research, Innovation ...

Hellenic Bank has announced the hiring of Antonis Rouvas as its new Chief Financial Officer. Rouvas will replace the previous CFO Lars Kramer who has since moved to ABN AMRO. ...

The economy has solid ground on which to recover, according to a report by the University of Cyprus Economic Research Centre. The report notes, however, that this is contingent on ...

The Turkish central bank has held its key interest rate at its current level of 19 per cent, the bank announced on Thursday in a statement. The central bank has been ...

The Tech Island Association launched on Wednesday to bring together government, business and all other stakeholders in the eco-system : More than 65 tech companies based in Cyprus have come together to ...

The United States will announce sanctions on Russia as soon as Thursday for alleged election interference and malicious cyber activity, targeting several individuals and entities, people familiar the matter said. ...

Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on ...

Saipem and Hyperion Systems Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering Ltd, a jointly controlled company based in Nicosia. The joint venture was registered in March. The new ...

Coinbase Global Inc, the biggest US cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset. ...

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’...

Gold futures ended higher Tuesday, with data showing US consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level ...

Despite initially being encouraged by the February lifting of lockdown measures on retail stores, the sector is still reeling from months of inactivity and lingering trepidation from consumers. “Cyprus retail ...

Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. The largest US cryptocurrency exchange’...

A lawyer for Halkbank told a US appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping ...

Cyprus Vision 2035: A plan to build a resilient economy Plans by Sector: Agritech: Create co-operatives, combine resources, Institute of Agriculture to guide creation of a technology base for shared use, ...

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads ...

An independent committee including lawmakers and a number of business leaders has been set up to scrutinise and improve the UK’s Brexit deal with the EU, according to a ...

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption. ...

Euro zone banks borrowed a record €1.31 trillion ($1.47 trillion) from the European Central Bank on Thursday, taking advantage of negative interest rates to meet growing demand for credit from companies seeking ...

The euro is in a comeback phase against the pound, due to vaccination rollout improvements and some good economic data. “The British pound is on course to record its sharpest ...

Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened ...

Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to ...

The Turkish central bank’s net international reserves fell to its lowest level since 2003 at $10.68 billion as of April 2, from $12.79 billion a week earlier, data showed on Thursday. The exchange ...