#business

The Turkish central bank’s net international reserves leapt some $3.6 billion to $26.76 billion in the week to Dec. 9, hitting their highest level this year, central bank data showed on Thursday. ...

Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it ...

The board of directors of the state-owned Cyprus Asset Management Company (Kedipes) on Thursday announced that they have decided on a new payment to the state to the tune of €80 ...

Capital Intelligence Ratings (CI Ratings) this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Hellenic Bank (HB) to ‘BB’ from ‘BB-‘ and affirmed the ...

Microsoft Corp (MSFT.O) said on Thursday its European Union cloud customers will be able to process and store parts of their data in the region from Jan. 1. The phased ...

Germany’s top regulator this week called for global regulation of the cryptocurrency industry to protect consumers, prevent money laundering and preserve financial stability. Mark Branson, the president of Germany’...

Two exchange traded funds (ETF) that track US-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of ...

Oil prices dipped in Asian trade on Thursday as the dollar firmed, while the possibility of further interest rate hikes from global central banks also heightened demand concerns. Brent crude ...

President Vladimir Putin said on Thursday that Russia would expand trade cooperation with new partners, including by sharply increasing gas exports to China, to combat Western sanctions. When spending on ...

The European Central Bank raised interest rates for the fourth time in a row on Thursday, although by less than at its last two meetings, pledged further hikes and laid ...

A ninth interest rate hike in a row by the Bank of England looks to be a foregone conclusion on Thursday and investors will be looking for clues on how ...

As a turbulent 2022 draws to a close, British companies are fastening their seat belts as bankers and investors anticipate a surge in takeover activity because of the depressed pound and ...

Another successful initiative in the European research and innovation space for Cyprus, with the PHAETHON proposal securing the highest score in the EU for the creation of a Centre of ...

Three important players in their industry are partnering up to explore disruptive technologies such as augmented reality and computer vision in order to improve efficiency in the shipping industry. Safetytech ...

Barclays (BARC.L) is exploring a return to Saudi Arabia in a bid to capture a slice of the country’s burgeoning capital markets, two people close to the matter ...

The Cypriot economy continued its slowdown in November, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre ...

The Cypriot banking system incurred losses after tax of €36 million, on a consolidated basis, in the first half of 2022, compared to profits of €22.54 million in the corresponding period of 2021, according ...

The Central Bank of Cyprus (CBC) announced this week that it successfully held a one-day event in which it sought to bolster financial literacy awareness among secondary education teachers. The ...

Some of the banks that lent Elon Musk $13 billion to buy Twitter are preparing to book losses on the loans this quarter, but they are likely to do so in ...

Cyprus Airways held a press conference on Wednesday in which it presented its strategic plan for the coming five years, with CEO Paul Sies recapping the airline’s achievements and ...

Germany’s recession will be milder than expected, with the economy expected to contract by 0.1 per cent in 2023 compared to a previous forecast of shrinking by 0.3 per cent, the Ifo ...

In March this year, a new firm appeared in Turkey’s corporate registry. Azu International Ltd Sti described itself as a wholesale trader of IT products, and a week later ...

In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX ...

Qatar posted a budget surplus of 30 billion riyals ($8.19 billion) for the third quarter of 2022, boosted by rocketing oil and gas revenues, the state news agency said on Tuesday, citing data ...