Business

Large U.S. banks injected $30 billion in deposits into First Republic Bank FRC.N on Thursday, swooping in to rescue the lender caught up in a widening crisis triggered by ...

As SVB Financial Group (SIVB.O) wrestled with a capital shortfall and the prospect of a downgrade to its credit rating last week, it went to Goldman Sachs Group Inc (...

National Bank of Greece (Cyprus) on Thursday announced that George Agioutantis has been appointed to the position of managing director and executive member of the board of directors of the ...

A major purchase by Saudi Arabia caps sales of almost 200 Dreamliners over the past four months, handing Boeing Co (BA.N) major industrial and political wins in lucrative widebody sales ...

Argentina’s central bank board said it agreed to hike the country’s benchmark interest rate by 300 basis points to 78% on Thursday after annual inflation hit 100% for the first time ...

The U.S. banking system remains sound and Americans can feel confident that their deposits are safe, Treasury Secretary Janet Yellen said on Thursday, but she denied that emergency actions ...

Fears of a recession are growing on Wall Street, as stress in the banking sector following the collapse of Silicon Valley Bank and worries over the fate of Credit Suisse ...

The European Central Bank raised interest rates by 50 basis points on Thursday as promised, ignoring financial market chaos and calls by investors to dial back policy tightening at least until ...

Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial ...

The Ministry of Finance announced on Thursday that 1,318 applications have been submitted, potentially qualifying for loans totalling €131.1 million under the Oikia housing scheme. This scheme was designed to help manage ...

President Nikos Christodoulides and Finance Minister Makis Keravnos are in constant contact with the governor of the Cyprus Central Bank as of Thursday, following a 30 per cent slump in shares ...

The euro and Swiss franc regained some lost ground on Thursday, as markets reacted positively to the Swiss central bank’s support for Credit Suisse, ahead of a difficult meeting ...

ptimism (OP) and Litecoin (LTC) are two extremely popular crypto investments. Over the past week, Litecoin (LTC) daily trading volume has regularly passed $1 billion in trading volume, and Optimism (OP) ...

Director General of the Deputy Ministry of Research, Innovation and Digital Policy, Stelios Himonas this week said that Cyprus is focusing on digital skills and access to Gigabit connectivity, stressing ...

Solana, Cardano, and RenQ Finance are three of the most talked-about projects in the cryptocurrency market today. Solana has been facing some consolidation, while Cardano’s founder recently replied to ...

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

Credit Suisse CSGN.S on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its ...

The Synthesis Centre for Research and Innovation announced this week that is proceeding with the launch of the Cyprus Forum for Social Innovation, which is expected to help promote social ...

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday met with Limassol mayor Nicos Nicolaides, during which they touched on matters related to the Cypriot shipping sector. The Limassol mayor congratulated ...

Danish brewer Carlsberg (CARLb.CO) denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes (AEFES.IS). Russian ...

The world’s largest green business ideas competition returns for the tenth consecutive year in Cyprus and invites students, start-ups, entrepreneurs and researchers to submit their cleantech business idea. ClimateLaunchpad ...

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) banked with Silicon Valley Bank (SVB) and Signature Bank, the two US banks which recently collapsed, according to statements ...

Chancellor Jeremy Hunt announced on Wednesday a plan that he hopes will speed up Britain’s stagnating economy, including childcare and pension reforms to get more people into work and ...

Europe’s bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a new low, as investors continued to worry about stresses within the sector ...