Banking and Finance

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 ...

British firms called on Tuesday for another £7.6 billion ($10.3 billion) of emergency government help, saying they cannot wait until finance minister Rishi Sunak’s March budget to learn if they will ...

Global energy majors including Royal Dutch Shell and Total are expected to benefit most from January’s gas price spike, beating rival trading houses and non-integrated producers thanks to their ...

China’s economy picked up speed in the fourth quarter, with growth beating expectations as it ended a rough coronavirus-striken 2020 in remarkably good shape and remained poised to expand further ...

Israel’s economy is likely to grow by 4.6 per cent this year, the Finance Ministry said on Sunday in a forecast reliant on continuation of rapid Covid-19 inoculations and a ...

Syria, hit by sanctions, has over the past year faced months of gasoline and fuel shortages, forcing it to ration supplies distributed across government-held areas and to apply several rounds ...

Demand for remote workers in Britain tripled over the course of 2020 as businesses grew more willing to let staff work from home during the coronavirus pandemic, figures from a recruitment ...

Turkey has announced a 2021 public investment programme worth ₺138.5 billion ($18.53 billion), with communication and transportation projects receiving the largest allocation of the investment funds. The programme, published in the Official Gazette ...

Vanguard, a fund created in 1975, has last week hit $7 trillion in assets under management, making it the second-biggest in the world. The success of the fund manager is unquestionable. Even ...

Photo shows the Taas refinery founded by Bondarenko and Stolyarenko How the Russian Government efforts to gain full control over Russian hydrocarbons passes through Cyprus In November 2019, the Russian newspaper ...

By Peter Tangalos, Head Of Wealth & Investment Services at Hellenic Bank What we commonly refer to today as financial well-being is directly related to the peace of mind derived ...

By George Eid and Andrew Rosenbaum Lebanese banks in Cyprus, like all Lebanese banks, are facing intense pressure from the Lebanon central bank (Banque du Liban) to raise capital. At ...

President Recep Tayyip Erdoğan on Friday said that he was against raising interest rates, and that rates should be cut to slow inflation. Erdoğan said he was against ...

Microsoft Corp, health insurer Cigna Corp and the Mayo Clinic are part of a coalition pushing for digital records of people who get vaccinated against Covid-19. A key aim of ...

US President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed ...

DarkMarket, the world’s largest illegal sales point for drugs and other illegal merchandise on the dark web, has been taken offline in an international operation involving Germany, Australia, Denmark, ...