Business

Hong Kong’s exposure to debt-laden developer China Evergrande Group (3333.HK) is “very minimal” at 0.05 per cent, or HK$14 billion ($1.79 billion), of banking assets, South China Morning Post reported on ...

Positive clinical trial results for Merck & Co’s (MRK.N) experimental antiviral COVID-19 pill reverberated through the healthcare sector on Friday, sending the drugmaker’s stock price soaring while ...

Clayton, Dubilier & Rice (CD&R) has won the auction for Morrisons with a 7 billion pound ($10 billion) bid, paving the way for the U.S. private equity firm to ...

Eurozone inflation hit a 13-year high last month and looks likely to jump higher still, further clouding the European Central Bank’s benign view of the biggest price spike since ...

A slump in Zoom Video Communications Inc’s (ZM.O) share price likely limited its ability to sweeten a nearly $15 billion all-stock offer for call center software firm Five9 (FIVN....

The new Metropolis Mall in Larnaca helped the city during its construction phase by employing an estimated 1,000 people throughout the entire process. Having recently opened its doors to the public, ...

The Cyprus Shipping Chamber travelled to Brussels this week to participate in a conference hosted by the European Community Shipowner’s Association (ECSA). The Cypriot delegation was composed of the ...

The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons (MRW.L) will be decided in a one-day auction on Saturday overseen by the Takeover Panel. The ...

OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, at a time when oil pricesare near ...

Standard Chartered said on Friday it now expects Turkey’s central bank to cut interest rates by another 300 basis points by year-end to 15 per cent and upped its 2021 inflation and ...

Bitcoin was up 5.23 per cent at $43,716.97 as of 22:08 GMT on Thursday, adding $2,174.07 to its previous close. The world’s biggest and best-known cryptocurrency has gained 57.6 per cent from the year’...

The halloumi PDO (protected designation of origin) is a “protective shield,” Agriculture Minister Costas Kadis said on Friday as the cheese entered the European Commission’s register for PDO and ...

J D Wetherspoon (JDW.L) fell deeper into the red for its fiscal 2021 and said it had like many other businesses found it hard to attract workers in some areas ...

Changes to Britain’s border rules this week which prevent European Union ID cards from being accepted as proof of identity could compound existing issues for freight entering the United ...

“World Maritime Day is a chance to show our appreciation to the unseen heroes who contribute to the ceaseless operation of world trade,” Cyprus Shipping Deputy Minister Vassilios Demetriades said ...

Central Bank of Cyprus governor Constantinos Herodotou has sent a letter to banks and credit acquisition companies regarding short term loan restructurings and fee transparency, calling on their CEOs to ...

Non-performing loans (NPLs) decreased by €142 million in June 2021, according to data released by the Central Bank of Cyprus. This decrease reflects a 2.8 per cent aggregate drop compared to the previous ...

Britain’s economy grew by more than previously thought in the April-June period before what looks like a sharp slowdown more recently as post-lockdown bottlenecks, including a shortage of truck ...

Fashion brands like Benetton are increasingly turning away from globe-spanning supply chains and low-cost manufacturing hubs in Asia, in a shift that could prove a lasting legacy of the COVID-19 ...

China Evergrande Group (3333.HK) missed paying bond interest due on Wednesday, two bondholders said, its second unpaid offshore debt payment in a week, although the cash-strapped company is scrambling to ...

China on Wednesday demanded railway companies and local authorities raise their game in shipping vital coal supplies to utilities, as regions key to the world’s no. 2 economy grapple with ...

A delegation of Cypriot representatives travelled to London this week to promote Cyprus as a European jurisdiction in which investment funds and fund management companies can be registered. The delegation ...

Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research ...

DP World Limassol used World Tourism Day to reiterate its commitment to further bolster the country’s cruise industry and turn the Limassol port into a top cruise hub in ...