Banking and Finance

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 ...

The Swiss federal prosecutor’s office has opened an investigation into the Lebanese central bank (Banque du Liban). The Swiss investigation comes amid increased scrutiny of longstanding central bank governor ...

The dollar fell, the pound rose slightly, and the euro held steady on Wednesday as Joe Biden was inaugurated as the 46th US president. Risk appetite held up on optimism ...

BlackRock Inc is adding bitcoin futures as an eligible investment to two funds, a company filing showed, in a move to bring the world of cryptocurrency to its clients. The ...

Back in 2009, we had the pleasure of watching Vladimir Putin, at the time prime minister of the Russian Federation, at Davos warn us about the dangers of placing too much ...

Janet Yellen, US President-elect Joe Biden’s nominee for Treasury Secretary, urged lawmakers on Tuesday to “act big” on coronavirus relief spending, arguing that the economic benefits far outweigh the ...

Government support is keeping roughly one in ten German companies afloat that would otherwise have gone bust during the coronavirus pandemic, the International Monetary Fund has found. In a report ...

Gold prices rose on Wednesday as expectations for a massive US stimulus to help the world’s largest economy recover from the coronavirus jolt bolstered bullion’s appeal as an ...