Banking and Finance

The European Union will strive for close co-operation with Britain on financial services but London cannot expect “equivalence-based” access to the EU financial market if it diverges widely on rules, ...

After long being shunned by traditional financial firms, bitcoin has finally entered the mainstream. Bitcoin on Thursday jumped to a fresh all-time high after BNY Mellon said it formed a ...

Cyprus will see economic growth at the same, relatively low rate of most EU Member States in 2021. There is, however, “light at the end of the tunnel,” according to an ...

Amsterdam surpassed London as Europe’s largest share trading centre last month, the Financial Times reported on Wednesday. The Netherlands scooped up business lost by the UK since Brexit. An ...

There is no reason why a bad bank would not work in Cyprus, as it has in many other countries. It all depends, experts say, on how it is managed. ...

Jet2 will not fly until well after the Easter holidays, the company said in a statement on Tuesday. “Due to the ongoing uncertainty and travel restrictions caused by the Covid-19 ...

Hellenic Bank on Wednesday announced the resignation of Lars Kramer from the position of Executive Member of the Board of Directors. Kramer is to remain as Chief Financial Officer of ...

Inflows of Foreign Direct Investment (FDI) in Cyprus during the first three quarters of 2020 were down a staggering 96 per cent compared with the same period in 2019, according to statistics from ...

Bitcoin extended gains on Tuesday to a record high as the afterglow of Tesla Inc’s $1.5 billion investment in the cryptocurrency had investors reckoning it would become a mainstream asset ...

Tesla Inc expects to allow customers to pay for its electric vehicles with bitcoin soon, the automaker said on Monday, a move that could expand how the most popular cryptocurrency ...

The Cyprus economy slowed in January, as the restrictions shut down many forms of economic activity. But a substantial rebound is expected after the vaccination programme is implemented, and economic ...

Cyprus’s Aphrodite gas field, located in located in Block 12 of Cyprus’s exclusive economic zone, and with reserves of 129 billion cubic metres, is expected to begin production in 2025. But ...

Libya’s parallel eastern administration welcomed Friday’s announcement of a new interim government to unite the country, but added it would only cede power if the eastern-based parliament approved. ...

Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for ...

Lazard Ltd, one of the world’s largest investment bank, reported a 147 per cent surge in fourth-quarter profit on Friday, powered by growth in its financial advisory business as corporate ...

“Take intelligent risks, rather than follow the crowd,” advised Edward C. Johnson II who founded Fidelity in 1946. Today, Fidelity is one of the world’s largest asset managers with $3.3 trillion ...

A five-week lag on the vaccination front. If left uncorrected, that would cost close to €90 billion euros in output this year, equivalent to two percentage points of lost quarterly GDP ...

Company directors will become personally liable for the accuracy of their financial statements under landmark proposals from Britain’s finance ministry next week to improve corporate behaviour, sources familiar with ...

Futures on ether, the second largest cryptocurrency in terms of market capitalisation and daily volume, will launch late Sunday on derivatives exchange CME, as investors seek to take advantage of ...

Hezbollah, a Shiite political party and militant group, has long held great leverage over politics and business in Lebanon. But now the group, which is on several lists as a ...

In a letter to lenders published Thursday, Sam Woods, the head of the Bank’s Prudential Regulation Authority said a majority of banks would need time to alter systems and ...

The founder of a New York money manager and two associates were criminally charged on Thursday with running a $1.8 billion Ponzi-like fraud where thousands of victims were falsely promised steady ...

US Treasury Secretary Janet Yellen said on Thursday that she and financial market regulators needed to ‘understand deeply’ what happened in the recent trading frenzy involving GameStop Corp and other ...

Discussions of the Cyprus proposals in the draft Plan of Recovery and Sustainability (European Recovery funding plan) are to begin on February 11, according to a press release from the finance ...