Banking and Finance

Fund managers are trimming exposure to Russia and Ukraine on fears that years of tensions could finally erupt into outright war, bringing economic ruin for Ukraine and more sanctions on ...

Saipem and Hyperion Systems Engineering have joined forces to create Saipem-Hyperion Eastmed Engineering Ltd, a jointly controlled company based in Nicosia. The joint venture was registered in March. The new ...

Coinbase Global Inc, the biggest US cryptocurrency exchange, will list on the Nasdaq on Wednesday, marking a milestone in the journey of virtual currencies from niche technology to mainstream asset. ...

A ship that blocked the Suez Canal for almost a week in March is being held in the waterway as canal authorities pursue a $916 million compensation claim against the ship’...

Gold futures ended higher Tuesday, with data showing US consumer prices in March rose for the fourth month in a row and the pace of inflation hit the highest level ...

Despite initially being encouraged by the February lifting of lockdown measures on retail stores, the sector is still reeling from months of inactivity and lingering trepidation from consumers. “Cyprus retail ...

Bitcoin hit a record of $62,741 on Tuesday, extending its 2021 rally to new heights a day before the listing of Coinbase shares in the United States. The largest US cryptocurrency exchange’...

A lawyer for Halkbank told a US appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping ...

Cyprus Vision 2035: A plan to build a resilient economy Plans by Sector: Agritech: Create co-operatives, combine resources, Institute of Agriculture to guide creation of a technology base for shared use, ...

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads ...

An independent committee including lawmakers and a number of business leaders has been set up to scrutinise and improve the UK’s Brexit deal with the EU, according to a ...

Bitcoin rose above $60,000 to approach record highs on the weekend, breaking out of a two-week tight range and propelled by talk of constrained new supplies against evidence of wider adoption. ...

Euro zone banks borrowed a record €1.31 trillion ($1.47 trillion) from the European Central Bank on Thursday, taking advantage of negative interest rates to meet growing demand for credit from companies seeking ...

The euro is in a comeback phase against the pound, due to vaccination rollout improvements and some good economic data. “The British pound is on course to record its sharpest ...

Equity funds have attracted more than half a trillion dollars in the past five months, exceeding inflows recorded over the previous 12 years, according to data from BofA, which has likened ...

Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to ...

The Turkish central bank’s net international reserves fell to its lowest level since 2003 at $10.68 billion as of April 2, from $12.79 billion a week earlier, data showed on Thursday. The exchange ...

Foreign lenders including HSBC and Wells Fargo are cutting ties with Lebanon’s central bank, sources familiar with the matter told Reuters, underlining the country’s international isolation as it ...

Cyprus professionals have mixed feelings about the proposal from the US Treasury Secretary Janet Yellen to establish a global minimum corporate tax. “It’s impractical and makes no sense in ...

Invest Cyprus, a government agency tasked with promoting Cyprus as an attractive destination for doing business in a wide range of industries and market segments, has launched a new initiative ...

Ramp, a fintech startup that offers corporate cards and software for managing employee expenses, raised $115 million in a funding round led by digital payments giant Stripe and D1 Capital Partners, ...

In its research, credit agency S&P notes several themes that weigh against the Cyprus economy – the other credit agencies also make the point that these issues are holding ...

The cryptocurrency market capitalisation hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand ...

Some 50 members of Congress on Monday urged US Trade Representative Katherine Tai to seek removal of 25 per cent tariffs on American Whiskey imposed by the European Union and Britain in ...