Banking and Finance

As there was almost nothing in the Brexit agreement on rules for UK financial services firms to operate in the European Union, UK traders are effectively cut off from operating ...

Wizz Air sold €500 million in three-year bonds at an interest rate of just 1.35 per cent on Wednesday. The sale was oversubscribed with more than €2 billion in orders from investors. Wizz ...

One U.S. Federal Reserve official says there is now a “clearer focus” about the economy’s path forward and a horizon for a fuller recovery. Another says the pandemic’...

Turkish banks’ asset quality is likely to weaken in 2021, with inflation high and a continuing dearth of foreign investment, Fitch Ratings says in a recent report. Borrowers’ debt-servicing capacity will ...

After years of intervening to dampen the Swiss franc’s exchange rate against the euro, Switzerland’s authorities may be embarking on another, potentially tougher battle as dollar weakness starts ...

Social media sites and online services are blocking access to firms that supported those involved in the attack on the US Capitol last week. PayPal Holdings Inc said on Monday ...

Negative interest rates could provide significant stimulus, a Bank of England official said on Monday; a move to negative rates is now expected by early February. UK Chancellor of the ...

Conditions in the Cyprus economy inched a bit higher in December, according to the Cyprus Composite Leading Economic Index which is designed to provide early-warning signals of economic changes. But ...

Credit rating agency Moody’s on Monday warned that Cyprus faces the danger of ‘fiscal deterioration in a note released on Monday. In a scenario where the recovery stalls or ...

Saudi Arabia’s crown prince unveiled plans on Sunday to build a zero-car. zero-carbon city at NEOM, the first major construction project for the $500 billion flagship business zone aimed at ...

Kim Jong Un’s ambitious new plan for the next five years is aimed at developing North Korea’s shattered economy, but the proposals may falter in the face of ...

Britain’s future access to European Union financial markets must face the challenge of the “weaponisation” of equivalence (meaning access to EU markets), a UK banking official said. “Are you ...

The recent bitcoin rally has moved it back into the limelight once again. But there is far less heard about how it’s “unstable,” or “really has no value.” On ...

Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market after Brexit, Bank of England Governor Andrew Bailey ...

“Cypriots are holding on to savings, collecting what they can thanks to the moratorium on loan payments through March, and waiting to see whether the vaccines will finally enable us ...

The world’s largest asset manager Blackrock has called for the removal of the board of directors at Malaysian firm Top Glove Corp, the world’s largest maker of medical ...

Rising demand for oil is expected to drive increases in tanker traffic in the coming year, analysts said. Oil demand in the third quarter is estimated at 94 million barrels per ...

While last year’s strong rebound in many commodity prices might be viewed as a “V-shaped vaccine recovery”, the bank Goldman Sachs contends it is just “the beginning of a ...

The African Continental Free Trade Area (AfCFTA), which came into force with the new year, is expected to break down barriers between 54 nations on the continent to create a new ...

State-owned investment funds, including those of Norway, China, and UAE which have trillions of dollars to spend, invested the least in real estate in eight years in 2020, shying away from ...

Turkish inflation edged higher than expected to 14.6 per cent year-on-year in December as food costs jumped, official data showed on Monday, keeping pressure on the central bank for tight monetary ...

Petrolina Holdings on Monday released a regulatory announcement stating its acquisition of the oil trading firm Silk oil. Petrolina will pay a redemption consideration at a maximum amount of €9 million, ...

Activist investor Carl Icahn has sold more than half his stake in Herbalife Nutrition back to the company for $600 million at $48.05 a share and has given up the five seats ...

An interview with Astrobank chair of the board Shadi Karam In less than five years, since AstroBank took over Piraeus Bank Cyprus in 2016, the bank has elevated its role as ...