Banking and Finance

While the overall outlook is sunny for Cyprus, according to the European Commission’s Spring 2021 Post-Programme Surveillance Report released on Thursday, there are some aspects of the economy that give ...

Think of an exclusive poker game where the minimum bet is close to $1 million. The stock-trading version, “dark pools” that host blockbuster trades, are pulling in major money in Europe. ...

Turkey’s inflation rate fell from a two-year high to 16.59 per cent year-on-year in May, data showed on Thursday, bucking market expectations for another rise thanks largely to limited price ...

Oil prices surged on Wednesday, hitting their highest in more than a year from a decision by OPEC and allies to stick to the plan to gradually restore supply, along ...

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27...

The Turkish lira hit record lows against the euro and the dollar as Turkish President Recep Tayyip Erdogan told the press on Tuesday that interest rates must be cut. The ...

“Bank of Cyprus has already covered considerable distance in our ESG journey. We have an ‘A’ rating from MSCI, which is the global benchmark on ESG. The company has also ...

“Most clients would consider ESG investments only if such investments are expected to enhance returns. There are organisations, of course, that are willing to take on ESG investments even if ...

Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from ...

Tunisian politicians and officials warn of an economic collapse if the government cannot agree a new International Monetary Fund (IMF) loan this summer, but political paralysis could scotch that effort. ...

Israel’s Global Knafaim said on Thursday it bought a 49.9 per cent stake in the small Cypriot airline Tus Airways with a $5 million investment. Global Knafaim is a unit of ...

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 ...

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 ...

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 ...

“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 ...

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 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 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 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 ...

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 ...

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 ...

“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’...

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. ...

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 ...