Banking and Finance

Turkish President Recep Tayyip Erdogan removed the governor of the country’s central bank late on Friday, just after that official had presided over an interest-rate hik. Naci Agbal had ...

On March 16, details of thousands of companies domiciled on the island will be collected to be entered in a so-called Ultimate Beneficial Owner (UBO) register – according to standards set by ...

Morgan Stanley has become the first big US bank to offer its wealth management clients access to bitcoin funds, CNBC reported on Wednesday. In an internal memo, the bank told ...

By Dr. Charles Ellinas We urgently need a major rethink and change in direction. I have called repeatedly, and have been advocating through my articles in this newspaper, for the ...

The central bank of Turkey on Wednesday raised its key interest rate to 19 per cent from 17 per cent. The lira rose to about 8.75 against the euro from over 9 to the ...

The euro eased to $1.19655, but was hovering close to its one-week high of $1.19900 after rallying 0.6% on Wednesday. The British pound traded at $1.3946, having gained about 0.5 per cent overnight against the ...

Britain proposed weakening the market grip of “Big Four” auditors on Thursday and making company directors responsible for spotting fraud after the collapses of retailer BHS and builder Carillion. Directors ...

Budget airlines Ryanair and EasyJet are both predicting a boom in summer travel this year. But the “jury is still out,” say travel industry analysts at ING. Full recovery for ...

Inflows into cryptocurrency funds and products have already hit a record $4.2 billion for the first quarter, reflecting growing institutional investor interest, CoinShares data showed. The previous high for crypto inflows ...

Multi-asset investment platform eToro, which has an important presence in Cyprus, said on Tuesday it will go public through a merger with a blank-check firm backed by banking entrepreneur Betsy ...

Russian tourists are expected to be welcome in Cyprus as of April 1, according to sources close to the deputy ministry of tourism. Phillip Orphanides contributed to this article. Tourism operators ...

The European Union launched legal action against Britain on Monday for unilaterally changing trading arrangements for Northern Ireland that Brussels says breach the Brexit divorce deal agreed with London last ...

Qatar Petroleum, the world’s top liquefied natural gas (LNG) producer, is cranking up the pressure on high-cost rivals with bold expansion plans that will boost supplies over the coming ...

The Federal Communications Commission (FCC) on Friday designated five Chinese companies as posing a threat to national security under a 2019 law aimed at protecting U.S. communications networks. The FCC ...

The world’s most popular cryptocurrency slipped as low as $58,956.90 early in the Asian session, falling from Saturday’s record high of $61,781.83, then came back to $59,315. The price in euros ...

But market participants say it illustrates a confidence among investors that the top end of office real estate will withstand the coronavirus shock – even as questions hang over the viability ...

CEOs are more optimistic about the outlook for their businesses. Some 36 per cent of those polled said they are “very confident” about their organisation’s prospects for revenue growth over ...

“In Cyprus, there has been a lot of interest and progress in digital marketing in recent years, particularly during the last 12 months of the pandemic,” comments Julia Papageorgiou, managing director ...

Corporate tax hikes are coming, expected to reverse decades-long decline. Few governments struggling to vaccinate populations and reopen economies are likely to raid companies just yet. Many are still offering ...

Turkey’s President Recep Tayyip Erdrogan on Friday announced a series of ‘economic reforms,’ but these do little to address the issues needed to restore growth and curtail inflation. Erdogan’...

ECB President Christine Lagarde has forecast a strong recovery in 2021. Speaking at the press conference following the ECB policy meeting on Thursday, Lagarde said: “The ongoing vaccination campaigns, together with ...

The government has decided to move ahead with the privatisation of the stock exchange, and to seek a partner exchange for it abroad, Cyprus Stock Exchange Chairman Marinos Christodoulides said ...

The European Central Bank (ECB) decided to leave the interest rates on the main refinancing operations, the marginal lending facility and the deposit facility unchanged at 0.00 per cent, 0.25 per cent ...

The Cyprus economy has slowed as businesses and consumers await the full rollout of vaccines which should mean an end to restrictions that are limiting economic activity, according to a ...