ECB expects to lift ban on bank dividend payments
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 ...
Pound struggles, despite UK prosperity
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 ...
Cyprus’ Delfi Partners brings digital transformation to real estate
“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 grow along with our reputation’ – CIFA President
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 ...
Hellenic Bank: New CEO and new CFO join board
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 ...
Cyprus workers recovered hours, but lost income last year – Report
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 ...
Cyprus Stock Exchange privatisation: Announcement in two weeks
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 ...
Lebanon’s Kataeb party calls for ‘neutrality and decentralisation’ as alternative to meltdown
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 sees positive change, directors say at AGM
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 makes major effort to shore up lira, reserves
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 ...
EU future relationship with City of London ‘hinges on trust’
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 ...
Investors eye Fed Chairman Powell’s speech for inflation concerns
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 recoups some losses in Asia
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.
...
ECB set to allow inflation to float above 2%
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 drops to 33 in World Competitiveness Ranking despite improving economy
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 ...
The post-Covid boom and the road beyond
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 places €300mn bond
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 ...
Euro, pound drop sharply, dollar jumps after Fed signals upcoming rate hikes
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 sees after-tax profit of €70.8m in 2020, highest in 9 years
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 ...
US, EU agree end of tariffs in Airbus-Boeing dispute
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 ...
Digital euro might suck away 8% of banks’ deposits -Morgan Stanley
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 ...
Online scams cost UK £784mn
£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 Fed mulls interest rate rise in near term; ‘taper tantrum’ could follow
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 sees further currency crash, food unaffordable, hospitals closed, internet down
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 ...