Banking and Finance

The European Central Bank cut interest rates for the third time this year on Thursday, pointing out that inflation in the eurozone is now increasingly under control and the economic ...

The Pancyprian Cooperative Promotion Company is seeking a contractor to prepare a prospectus and issue shares as part of its roadmap to establish a “new small cooperative bank”, it emerged ...

The banking landscape is rapidly evolving, with online banking gaining significant traction alongside traditional banks. As digital solutions become more integrated into everyday life, consumers are increasingly faced with the ...

A rapid divergence between eurozone and US government bond markets is expected to continue, as an increasingly lacklustre European economy adds to the pressure on the European Central Bank to ...

The Bank of New York has awarded the Bank of Cyprus the “STP AWARD 2023” for the third consecutive year, recognising the high-quality procedures the Bank follows in the area of ...

The Cyprus Securities and Exchange Commission (CySEC) on Tuesday reported that the total assets under management (AUM) for the country’s collective investment sector reached €9.4 billion in the second quarter ...

U.S. stock index futures were mixed on Monday as investors geared up for a week packed with third-quarter earnings reports and economic data that will likely test stretched stock ...

OPEC on Monday cut its forecast for global oil demand growth in 2024 reflecting data received so far this year and also lowered its projection for next year, marking the producer ...

Rising interest rates, which have led to increased borrowing costs, have consequently weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which examined data for the first ...

General Motors and Barclays said on Monday they have signed a long-term credit card partnership agreement to let customers earn and redeem reward points on new Buicks, Cadillacs and other ...

Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and ...

Cyprus’ potential as a prime investment destination received a boost with last week’s inauguration of two major manufacturing facilities, the Olympus dairy plant in Nicosia and the Kassatly beverage ...

Rising interest rates that gave rise to increased borrowing costs have weighed heavily on mortgage demand in Cyprus, according to Delfi Partners’ analysis, which looked at data for the first ...

Britain on Sunday launched a first formal strategy for industry in seven years, as the new Labour government pledged greater stability and certainty for businesses on the eve of a ...

The Cyprus Statistical Service (CyStat) reported robust growth across key sectors of the economy in the first half of 2024, with manufacturing, construction, and tourism showing notable gains. Manufacturing production rose ...

JPMorgan Chase’s third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan loss provisions, sending its shares up before the ...

Oil prices softened on Friday but were set for a second weekly gain as investors weighed the impact of hurricane damage on U.S. demand against any broad supply disruption ...

The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain’s economy returned to growth in August. Sterling ...

Volkswagen Group on Friday reported a 7 per cent decline in third-quarter global deliveries, showing how Europe’s car industry is facing tough challenges, including weak demand from China and high ...

Here are the top business stories in Cyprus from the week starting October 7: Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn ...

U.S. stock index futures edged lower on Friday, ahead of the third-quarter earnings season kickoff, after hotter-than-expected September inflation data solidified expectations for a 25-basis-point rate cut by the ...

Britain’s economy grew in August after two consecutive months of stagnation, providing some relief to finance minister Rachel Reeves ahead of the new Labour government’s first budget later ...

Spain’s largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected ...

IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but ...