Banking and Finance

The European Banking Authority (EBA) has launched its 2021 EU-wide stress test, publishing the scenarios for the exercise, including those concerning Cyprus. Although Cypriot banks are not included in the sample, ...

The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert ...

President Recep Tayyip Erdogan has committed the Turkish government to economic reform, but his alliance with the right-wing nationalist MHP party — which is closely allied with the Turkish Mafia — appears ...

French Finance Minister Bruno Le Maire and his new US counterpart Janet Yellen agreed to seek an international agreement on new rules for taxing multinational businesses, the US Treasury and ...

The British pound retreated on Thursday from the multi-month highs it hit in the previous session, as investors tempered some of their optimism about COVID-19 vaccinations in the UK. Sterling ...

Lebanese Central Bank (Banque du Liban) Governor Riad Salameh has been charged with dereliction of duty and breach of trust, the state news agency reported on Thursday. Judge Ghada Aoun ...

Members of a discussion group on the social news and chat site Reddit (page ‘R/WallStreetBets’) have been able to drive up the stock price of Gamestop by 1,700 per cent. ...

Cyprus Finance Minister Constantinos Petrides said on Thursday that the island’s economy should rebound with 4.5 per cent growth, while unemployment should decline. Speaking at InvestCyprus’s 5th Cyprus International ...

Pimco, or the Pacific Investment Management Company, is an American investment management firm founded in 1971 in California. The firm focuses on bonds and today manages more than $1.92 trillion in assets. ...

Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50 per cent, the second quarter of acceleration in a business that had begun to slow as the global pandemic ...

The inauguration yesterday of Joe Biden as 46th US president is, overall, good news for European investors. The most basic element of progress is unquestionably that the turmoil of the ...

Chinese President Xi Jinping warned that a “new cold war” could turn hot, and must be avoided, in a speech on Monday at World Economic Forum’s virtual “Davos Agenda” ...

The world’s 20 best-performing hedge funds earned $63.5 billion for clients in 2020, setting a record for the last 10 years during a chaotic time when technology oriented stocks led a dramatic rebound ...

For PwC CEO Evgenios Evgeniou, Cyprus, coming out of the pandemic, has a critical need to make its business culture more creative and adaptive – in some senses, the Fourth Industrial ...

“Cyprus has the capability to make the shift to a kind of Fourth Industrial Revolution orientation. A lot of emphasis in the past has been on things like accounting services, ...

“Working in Cyprus, we create an island within an island. Our focus is implementing our own culture not benchmarking against other companies in our sector. We are able to find ...

“In terms of operating in the fintech industry, Cyprus has an opportunity, if it could adapt its regulatory approach. There is too much of a box-checking approach – you say that ...

“Cyprus is at a turning point in terms of technology. For the first time, there is a real opportunity for technology to become a substantial force to drive the economy ...

“In the 23 years Amdoc has been in Cyprus, we have seen a very positive development regarding local talent in the field of computer engineering. We have a great experience with ...

“We run a social community for investing, listed in Germany. But I can tell you that in Germany, it wouldn’t have been that easy to set up our operations, ...

The European Parliament on Thursday voted a resolution to reform and expand the official list of global tax havens. The resolution calls for screening EU Member States for acting effectively ...

By Andrew Rosenbaum and Dr. Charles Ellinas — First of Two Articles Producers of renewable energy, of whatever type, will be able to sell their production via the national electricity grid ...

Moody’s praised the sale of the Bank of Cyprus “Helix 2” package of non-performing loans in a note released on Thursday. “The sale will significantly reduce the bank’s stock ...

The Governing Council of the European Central Bank announced today that it would stick to its very accommodative monetary policy stance, as they continue to assess whether the €500 billion stimulus ...