Business

The €556 million loan portfolio sale by RCB Bank to Hellenic Bank on Tuesday served to fulfil a dual purpose – bolstering the latter bank’s portfolio with high-quality assets, while at ...

BUX, a European digital financial services company, announced on Wednesday the appointment of Jean-Raphael Nahas as new Managing Director of its Cyprus CFD operations, following the hiring of online brokerage ...

Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – ...

Τhe Paris Court of Appeal has dismissed an application for the annulment of an International Arbitral Award, finding in favour of the Republic of Cyprus concerning Fbme Bank. The case ...

British Chancellor Rishi Sunak cut taxes for workers and reduced a duty on fuel on Wednesday as he sought to soften a severe cost-of-living squeeze against the backdrop of fast-rising ...

Oil prices rose in volatile trading on Wednesday, supported by disruption of Russian and Kazakh crude exports via the CPC pipeline. Brent crude futures were up $3.13, or 2.7 per cent, at $118.61 ...

Sky-high fertilizer prices have farmers worldwide scaling back its use and reducing the amount of land they’re planting, fallout from the Ukraine-Russia conflict that has some agricultural industry veterans ...

The Egyptian pound slid another 1 per cent on Tuesday, after a 14 per cent devaluation on Monday, and the government announced a budget restructuring in a sign it may be preparing ...

Amazon.com Inc (AMZN.O) said on Wednesday it will set up a logistic base in Turkey to meet rising demand, with a more than $100 million investment. It said the ...

Cyprus Agrotourism Company (Kea) director Annita Demetriadou on Tuesday said that the island’s rural tourism product must be constantly bolstered, citing various aspects that require the organisation’s involvement. ...

Bitcoin just isn’t anonymous enough for a growing cohort of crypto users who are seeking greater seclusion. A volatile class of crypto known as privacy coins, created with the ...

SMEunited, the association of Crafts and SMEs in Europe, which has around 70 member organisations from over 30 European countries, including the Cyprus Chamber of Commerce and Industry (Keve), on Tuesday announced ...

Fitch Ratings announced that it has affirmed Cyprus’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘ with a Stable Outlook. The credit ratings agency said that Cyprus’ rating is ...

Legislators on Tuesday began discussing a series of bills designed to reduce administrative costs for small and medium-sized businesses by simplifying the way they prepare their annual financial statements. The ...

Tesla will on Tuesday deliver to customers the first 30 Model Y cars made at its 5 billion euro ($5.5 billion) Gruenheide plant, launching its first European production hub that is the biggest ...

Russia’s coupon payment on a sovereign bond maturing in 2029 was processed by correspondent bank JPMorgan Chase & Co (JPM.N), a source said on Monday, the second time in ...

Greek Finance Minister Christos Staikouras said on Tuesday he did not “at the moment” expect the Ukraine crisis to derail Greek economic growth. The Greek economy is forecast to grow ...

Australia’s media regulator will be able to force internet companies to share data about how they have handled misinformation and disinformation under new laws that will bolster government efforts ...

RCB Bank on Tuesday announced that it has agreed to the sale of a performing loan portfolio to Hellenic Bank, including any related funds on the accounts belonging to the ...

With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus should shift its focus to the ...

Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ ...

Hellenic Bank announced on Monday the successful completion of a conference it held during the previous week to support small-to-medium-sized enterprises (SMEs), with participants having had the opportunity to share ...

After Russia’s invasion of Ukraine sent global wheat futures soaring, US farmer Vance Ehmke was eager to sell his grain. Local prices shot up roughly 30 per cent to nearly $12 ...

The government will formally seek approval from the European Commission later this year to transform the successor entity to the failed co-op bank into an asset management company. In parliament ...