Banking and Finance

The European Central Bank (ECB) kept interest rates unchanged at a record high on January 25, meeting the expectations of analysts, and reiterated its commitment to lowering inflation. In addition, there ...

PayPal (PYPL.O) is launching new artificial intelligence-driven products as well as a one-click checkout feature, the company said last week as its chief executive tries to inject new life ...

Here are the top business stories in Cyprus from the week starting January 22: The Cyprus Stock Exchange (CSE) concluded 2023 on a high note, with listed securities surpassing €4 billion, as reported ...

The value of deposits in the Cypriot banking system experienced a substantial monthly increase of €346 million in December 2023, reaching a total €52.2 billion, according to a report released on Friday by ...

The eurozone should not weaponize its own currency in a global conflict as that could ultimately undermine it, an influential European Central Bank policymaker said on Friday, just as the ...

The Bank of England said on Thursday that its rules requiring banks to “ring fence” their retail arms with bespoke buffers of capital have worked satisfactorily with no major overhaul ...

The European Central Bank kept interest rates unchanged as expected at a record high on Thursday and reaffirmed its commitment to fighting inflation, giving not a hint that policymakers are ...

The European Central Bank will keep interest rates unchanged at a record high on Thursday and is likely to keep pushing back on investor bets for aggressive policy easing this ...

Freedom Finance Europe recently announced that it continues to improve the conditions for its clients to keep free cash on the Freedom 24 investment platform, with the interest paid on the ...

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement ...

Women in Germany earned 18 per cent less on average than men last year, due largely to a levelling-off in earnings after having children and taking part-time work, the Federal Statistics ...

The world’s 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist TCI Fund Management leading the pack, according to data published by ...

Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines ...

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December. The General Index reached 136,01 points, representing ...

British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy slipped into recession late last year, official data showed on ...

Google will invest $1 billion on building a data centre just outside of London, the U.S. technology giant said on Thursday, in its latest investment in Britain as it meets ...

Here are the top business stories in Cyprus from the week starting January 15: Contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels, fuel prices ...

Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high ...

Ford Motor (F.N), opens new tab said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) slows. The No. 2 U....

Macroeconomic stabilisation policy for some time now has been navigating in the dark. This will only increase in the next decades as structural changes in the economy are big and ...

According to data published on Friday by Eurostat, Cyprus experienced a 14 per cent decrease in potato prices in 2023. Similar trends were observed in Belgium (18 per cent decrease) and Austria (4 per ...

Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than ...

The rate of inflation continued on a downward path in December, according to the Consumer Protection Service which monitors the prices of consumer products. Inflation in December was down to 1.6 ...

European stocks rose on Thursday as markets steadied after falling the previous day when traders lowered their expectations for major central banks to start cutting interest rates soon. A combination ...