#business

US planemaker Boeing (BA.N) is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32 per cent as it bounced from one crisis to another. ...

Bitcoin more than doubled in 2024 driven by the US markets regulator’s approval for exchange-traded funds tied to its spot price, and optimism over easing regulatory hurdles with Donald Trump ...

Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow on OPEC+-led efforts ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

World stocks held steady on Tuesday in cautious year-end trading that has seen investors bracing for the incoming Donald Trump administration by scaling back bets on deep US interest rate ...

Kuwait will impose a minimum top-up tax (DMTT) of 15 per cent on multinational enterprises operating in the country, starting in January, the finance ministry said this week. The finance ministry ...

Tourism revenue in Cyprus reached €407.9 million in October 2024, marking a 17.7 per cent increase compared to the €346.5 million recorded in October 2023, according to the Cyprus Statistical Service. For the January-October 2024 period, ...

Cyprus industrial producer price index decreased by 1.6 per cent in November 2024, compared to the same month in 2023, according to the state’s statistical service. The index reached 122.0 points, with 2021 acting ...

Greece on Tuesday successfully raised €600 million through a three-month treasury bill auction, according to the Public Debt Management Agency (PDMA). The bills were sold at a yield of 3.00 per cent, ...

The CFA Society Cyprus has launched a new podcast series focusing on financial issues that shape the economy and society, with its first episode delving into Cyprus’ pension system. According ...

The Cypriot economy demonstrated remarkable resilience in 2024, achieving a growth rate of 3.7 per cent despite persistent geopolitical and internal challenges. Tourism, construction, and the wholesale and retail trade sectors have ...

Between January and October 2024, the industrial production index in Cyprus increased by 3.8 per cent compared to the same period in 2023, according to a report released from the state’s statistical ...

The Cyprus Stock Exchange (CSE) performed robustly in 2024, with significant increases in trading activity, market capitalisation, and investment interest, according to its chairman Marinos Christodoulides. The CSE chairman said that ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

Gradual interest rate cuts in Turkey next year will boost the banking sector and support demand for Turkish lira assets, Garanti BBVA (GARAN.IS) bank Chief Executive Mahmut Akten said ...

Global property catastrophe reinsurance rates will fall 5 per cent to 15 per cent on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter has said, as ...

South Korea’s factory output fell more sharply than expected in November, government data showed on Monday, amid slowing exports and weakening business confidence. The industrial output index (KRIO=ECI) ...

Gold prices slipped in thin trade on Monday, as markets awaited next week’s US economic data and the potential impact of President-elect Donald Trump’s return to office on ...

The Cyprus Securities and Exchange Commission (CySEC) on Monday issued a circular to inform fund managers and related entities about the submission of quarterly statistics for Q4 2024. The reporting deadline ...

Cyprus retail trade association secretary Marios Antoniou on Monday expressed satisfaction with both customer footfall and revenue during the holiday season. Supermarkets and toy stores in particular thrived during this ...

Finance Minister Makis Keravnos announced updated interest rates for 2025 through decrees issued on Monday. The public interest rate for overdue payments has been set at 5.5 per cent, while the judicial ...

Oil prices slipped lower on Monday in thin holiday trade ahead of the year-end as traders awaited more economic data from China and the US later this week to assess ...

The Association of Cyprus Banks on Monday announced that interbank and cross-border transactions will soon be completed in just 10 seconds, with the service being available round-the-clock. The new service will ...

The International Air Transport Association (IATA) has released new estimates for sustainable aviation fuel (SAF) production, revealing slower-than-expected growth. In 2024, SAF production reached 1 million tonnes (1.3 billion litres), doubling the 0.5 million ...