Business

Banks are overly reluctant to tap their cash buffers in volatile markets, fearing adverse reaction from regulators and markets, and changes to the rules may be needed, the Bank of ...

Wargaming on Tuesday announced the sale of a 13.4 per cent holding in Hellenic Bank to Eurobank for a consideration of €70m. The company still remains Hellenic Bank’s fourth-largest shareholder, ...

Even as bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past ...

Mumbai resident Shivam Vahia cannot remember the last time he left home to shop. He spends about 30,000 rupees ($364) a month buying necessities like groceries, clothes and gadgets, all by tapping ...

In separate speeches last year, the leaders of France and Germany warned their citizens of hard times ahead as the global economy encountered challenges ranging from trade conflicts through to ...

Oil prices posted gains in Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the ...

Three tokens that have recently drawn significant interest are Collateral Network (COLT), Kaspa (KASPA), and Fetch.ai (FET). Of these, Collateral Network (COLT) is in its presale phase, offering early ...

Credit Suisse (CSGN.S) will face shareholder anger on Tuesday at what will be its final annual general meeting after the bank was rescued last month by Swiss rival UBS (...

In December 2020, the SEC filed a lawsuit against Ripple Labs Inc, the creators of XRP, alleging that they had sold unregistered securities in the form of XRP tokens. The SEC ...

Storied Cypriot soft drinks company KEAN on Tuesday released a statement notifying the public that its board has reached an agreement in principle to sell the company’s shares to ...

As one of the most powerful women and role models in technology in Cyprus, Elena Georgiou Strouthos is heading an agency focusing on mobile platforms design, development, and consultation with ...

In the current cryptocurrency market, where confidence is regaining momentum, each company strives to draw the attention of institutional investors. These investors, who are typically banks or mutual funds with ...

Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, ...

A surprise production cut by Saudi Arabia and other Middle East producers has caught the energy industry flat-footed and will lift global prices with little room for a coordinated response ...

Turnover in Cyprus’ retail trade sector rose during February 2022, both in terms of value and volume, according to a report released on Monday by the Cyprus Statistical Service (Cystat). According ...

Mitsubishi UFJ Financial Group Inc (8306.T) will postpone the issuance of Additional Tier-1 (AT1) bonds to mid-May or later from late April, a spokesperson said on Monday, after the Swiss ...

An innovative conference is coming this week in Cyprus with the goal of showcasing new practices in both urban and rural developments. The Cyprus Forum Cities is the unification of ...

Eurobank Cyprus on Monday announced that it has been voted as the best bank for international private banking in Cyprus for 2023, an award bestowed upon the bank by Euromoney magazine ...

Andrie Penta’s primary responsibility is to assist organisations in creating and maintaining a skilled, motivated, and productive workforce by offering pertinent and efficient training programmes that address the unique ...

The world of cryptocurrencies has been rocked by recent lawsuits, causing some investors to become wary of the market’s instability. However, there is one cryptocurrency that has continued to ...

Revenue from tourism for January 2023 recorded a 61.7 per cent increase compared to last year’s corresponding month, according to a report released by the Statistical Service on Monday. The total ...

The Cyprus Securities and Exchange Commission on Monday released a statement responding to an announcement by failed cryptocurrency exchange FTX EU (Cyprus) saying that it will commence processes for the ...

After weathering recession and military conflicts, Israel’s high-tech sector could be facing its biggest test yet as the collapse of Silicon Valley Bank (SVB) removes a key funding source ...

Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an ...