Banking and Finance

The pound extended recent gains to hit its strongest level since February 2020 against the euro on Friday, but it fell versus the dollar after better-than-expected U.S. payrolls data boosted ...

Europe’s banks are stashing cash to pay bumper bonuses to top performers, amid a deal frenzy driven by pent up demand from the COVID-19 pandemic and rebounding bank profits. ...

The economic consequences of a sustained pandemic would be catastrophic. Ioannis Tirkides, chief economist at Bank of Cyprus* The emergence of a new variant, the Delta, and people’s hesitancy ...

The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack of support from ...

ASBIS, an information and communications technology distribution company based in Limassol, has announced that it has made a property acquisition to the tune of €6.2 million. The recently acquired 5,735 square metre ...

While the concept of decentralisation has been around for more than a decade, an explosion of interest in decentralised finance has been observed over the past few months. By Alexandros ...

The US Department of Justice (DOJ) has repatriated $452 million in misappropriated funds from 1Malaysia Development Bhd (1MDB), it said in a statement on Thursday, bringing the total amount recovered from ...

The Cyprus Hoteliers Association has presented a plan detailing how the sector can recover in Cyprus. “Hoteliers remain focused on achieving the ambitious objectives that have been set despite the ...

The Bank of England said on Thursday it could see a modest reduction ahead in the huge support it has provided to Britain’s economy during the Covid-19 pandemic and ...

The European Commission, the International Monetary Fund National and the credit rating agency Moody’s have reported that the Cyprus Government has managed the Covid-19 crisis relatively well, with considerable ...

The Bank of England is expected to keep its huge support for Britain’s economy running at full speed on Thursday, despite a strong recovery from its pandemic slump and ...

Prime Minister Boris Johnson urged British pension fund managers to put more of their clients’ money into illiquid long-term investments in infrastructure and unlisted companies, raising the prospect of fatter ...

Ether fell about 1 per cent on Wednesday ahead of a technical adjustment to its underlying ethereum blockchain that would alter the way transactions are processed. The revamp is currently anticipated ...

“Despite Brexit, despite the pandemic, the export of business services from Cyprus to the UK seem to have continued at a normal rate,” says Marios Klitou, CEO of Baker Tilly ...

HSBC Holdings beat forecasts on Monday with first-half pretax profit that more than doubled from last year when it set aside $7 billion to cover pandemic-related bad loans. Encouraged by an ...

Square Inc, the payments firm of Twitter Inc (TWTR.N) co-founder Jack Dorsey, will purchase buy now, pay later (BNPL) pioneer Afterpay Ltd (APT.AX) for $29 billion, creating a global ...

A data centre is storage for bits and bytes, but it is also a store of value In the General Theory, John Maynard Keynes defined that concept: “Why should anyone ...

Hellenic Bank, RCB Bank and the Bank of Cyprus emerged with good performance on the European Central Bank’s 2021 stress tests, according to the statistics released by the central bank ...

By Antoniou Markos, economist Acquiring real estate has always been one of the most stable investments the average person could make in their life. This is confirmed by George S. ...

Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether ...

“Overseas companies, for example, show great interest in Cyprus data centres, because Cyprus is part of the European Union, and thus is under the regime of the General Data Protection ...

The Ministry of Finance has released the provisional results of its Estia housing loan subsidy scheme. From the 4,374 completed applications received, the ministry has approved 802, roughly 18 per cent of the ...

NatWest accelerated returning cash to shareholders on Friday after a return to profit, rounding out a week of vastly improved earnings for British banks as the pandemic-battered economy reopens. The ...

Turkey’s central bank raised its year-end inflation forecast to 14.1 per cent on Thursday. In a report released by the Turkish central bank, the bank’s governor predicted inflation, which ...