Banking and Finance

The National Betting Authority this week announced that it recorded a 24 per cent year-on-year increase in gross betting revenue during the third quarter of 2022, generating €238.1 million, compared to €192.08 million in ...

US stock investors could not be more eager to turn the page on 2022, a brutal year dominated by market-punishing Federal Reserve rate hikes designed to tamp down the steepest inflation ...

Four international rating agencies this week published the dates upon which they will issue their newest evaluating reports on the Republic of Cyprus’ creditworthiness for 2023. The assessments will take place ...

The bank workers union (Etyk) on Wednesday released a statement responding to the recent decision by the attorney-general, stipulating that former bank employees who left their positions by accepting voluntary ...

Israel’s banking regulator on Sunday approved a conditional licence and control permit to a group of entrepreneurs to establish a new online bank, the second addition to the highly ...

Vietnam’s central bank said on Tuesday it was making efforts to shore up foreign exchange reserves by buying up more US dollars, after it was forced to sell a ...

SoftBank-backed Paytm (PAYT.NS) said on Wednesday that going ahead there will be no more cash burn in the business and that the Indian digital payments firm was far ahead ...

Stock markets gained while the US dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing ...

Between the government’s main focus being more and better paid public employees and banks’ passiveness and single-mindedness the economy only works for the few President Nicos Anastasiades, Minister of ...

The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down ...

By Ioannis Tirkides Central banks have been tightening for the most part of the year and will likely continue for a little longer into the early part of the new ...

Billionaire Michael Bloomberg, the owner of Bloomberg L.P., is interested in acquiring either Wall Street Journal parent Dow Jones or the Washington Post, news website Axios reported on Friday, ...

Dealing with your creditors through negotiation is the process of debt settlement or debt resolution. You have two options: either do it yourself or hire a firm to do it ...

Regardless of the season, the appropriate credit card may be a fantastic shopping aid. Credit cards, however, may offer important safeguards and cost savings during the hectic Christmas shopping season, ...

The World Bank´s board of directors approved late on Thursday a $500 million project in Brazil to expand sustainability-linked finance and strengthen the private sector’s capacity to access carbon ...

Although the image is not ideal, recessions do not continue forever. Therefore, you must be more thoughtful in your digital transformation initiatives if you wish to weather this newest storm. ...

Wall Street’s major averages closed lower on Thursday with technology-heavy Nasdaq’s 2% drop leading losses as investors worried that data showing a resilient economy would lead the U.S. ...

The European Central Bank (ECB) on Thursday said it has withdrawn the banking licence of Cyprus’ RCB Bank Ltd. The decision follows the orderly completion of the bank’s voluntary ...

The rouble recovered on Thursday after hitting its weakest mark since late April as the prospect of a favourable month-end tax period mitigated concerns over the impact of sanctions on ...

Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires – 2022 has been perhaps the most turbulent year investors ...

Cash is losing its top spot as the euro zone’s dominant means of payment, a European Central Bank survey showed on Tuesday, in a historic shift for a part ...

The rouble plunged to its weakest level since early May past 70 against the dollar on Wednesday, taking its monthly losses to almost 14% as fears over sanctions on Russian oil and ...

By George Christou Hellenic Bank CEO, Oliver Gatzke, after a two-month absence from his post, returned to the helm 10 days ago determined to deal with all pending issues facing and ...

The Cypriot government generated a surplus of €651.4 million for the period between July and September 2022, compared to a surplus of €319.5 million in the corresponding period last year, according to a ...