Banking and Finance

Turkey’s central bank announced in a press release on Thursday that it chose to keep its key interest rate unchanged at 19 per cent, in a move widely anticipated by ...

The Cyprus National Recovery and Resilience Plan is expected to create about 15,000 jobs, according to a preliminary review by the University of Cyprus. The plan, which allocates EU funds of €1.25 ...

A survey released on Thursday by Citibank Hong Kong showed that the number of multi-millionaires in Hong Kong has reached 515,000, up 2.18 per cent compared with the previous survey released in ...

Limassol Marina General Manager Nikiforos Pampakas talks about how the wharf is faring and evolving. Q:How has the Limassol Marina been affected by the pandemic? A:We are now ...

CME Group, a Chicago-based derivatives marketplace, has launched Micro Bitcoin futures, further expanding its suite of crypto derivatives offerings, the company said in a press release on Tuesday. “At one-tenth ...

China has surpassed the United States to became the world’s largest recipient of foreign direct investment in 2020, according to a report published by the United Nations Conference on Trade ...

For Bank of Cyprus Deputy CEO Dr. Charis Pouangare, the royal road to profit passes through enhanced service for the customer. “This enables us to overcome many challenges. First, the ...

Consumer inflation (CPI) in Turkey rose 1.68 per cent monthly in April and annual inflation rose to 17.14 per cent, the Turkish Statistical Institute (TurkStat) announced on Monday. Annual inflation has now ...

A new company, based in Brussels, is creating a pan-European payments service that can be used to pay online as well as in stores, settle bills between individual consumers and ...

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, as investors bet that ether will be of ...

The German economy contracted by a greater than expected 1.7 per cent in the first quarter as a lockdown in place since November to contain the coronavirus stifled private consumption in ...

Lebanon’s public prosecutor has launched an investigation into central bank governor Riad Salameh, a judicial source said, after a Swiss legal request alleged that more than $300 million had been ...

British trade minister Liz Truss expects the trade dispute over Airbus (AIR.PA) and Boeing (BA.N) to be resolved by July when a freeze on tit-for-tat tariffs expires, she ...

Bitcoin rose 6.54 per cent to $57,098.08 on Friday, adding $3,504.11 to its previous close, and analysts credited increasing interest by major investors as the driver. An expert panel at an online conference ...

The pound, enjoying a period of calm after 4-1/2 years of Brexit-linked chaos, may suffer some turmoil if an election next week raises the chances of Scottish nationalists calling — and ...

Cyprus’ loan guarantee scheme will be credit positive for banks as long as they control their lending, credit rating agency Moody’s maintained in a note released on Thursday. “On ...

What’s in the Italian Recovery Plan? “We will have €248 billion, and we must triumph over corruption, stupidity, and vested interests,” insisted Italian Prime Minister Mario Draghi as he presented ...

Greece’s Piraeus Bank last week completed a share capital increase of €1.38 billion, and, in the process, attracted international investor interest. Billionaire investor John Paulson was among a number of ...

Ethereum , the world’s second largest cryptocurrency in terms of market capitalisation, touched a new peak on Wednesday, with participants citing media reports about the European Investment Bank’s plans ...

Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend. “We are moving ahead with big improvements ...

Some of Turkey’s biggest banks are reluctant to finance President Tayyip Erdogan’s planned Istanbul canal due to environmental concerns and the investment risks hanging over the massive construction ...

The currency, among the worst performers in emerging markets this year, weakened as much as 0.6 per cent to 8.48 versus the dollar, close to its 2021 low water mark and closing in ...

Britain looks set to see faster economic growth than the United States this year as the country races ahead with its vaccination programme after its slump in 2020, Goldman Sachs said ...

“We have this big difference: We didn’t launch to build another new bank, or to offer another card. We launched to solve the problem that people find it difficult ...