Banking and Finance

Cyprus funds grew 14 per cent in terms of assets under management in the first quarter of 2021, to €9.8 billion. We asked Andreas Yiasemides, president of the Cyprus Investment Funds Association, to ...

The Board of Hellenic Bank on Wednesday at its Annual General Meeting elected two new members, and re-elected all of its other 11 members. The two new members are both newly ...

Workers in Cyprus have been working harder, with more hours and fewer absences, according to a recent report, but incomes are declining. And, in spite of all that, economic sentiment ...

The firm that will manage the privatisation of the Cyprus Stock Exchange (CSE) will be announced in two weeks, Board Chairman Marinos Christodoulides said on Wednesday. A consultive firm will ...

The Kataeb party is trying to unite the opposition around a coherent economic policy. By George Eid and Andrew Rosenbaum Lebanon is in desperate need of a viable economic policy. ...

Hellenic Bank announced on Wednesday at their Annual General Meeting for 2020 that the appointment of the new CEO Oliver Gatzke is awaiting the approval of both the European Central Bank ...

Turkey is in talks to secure currency swap agreements with four countries and is close to a deal with two of them, Central Bank Governor Sahap Kavcioglu said at a ...

The European Union is not intent on stealing business from the City of London, but future access for Britain to the bloc’s financial market will hinge on whether it ...

With all eyes on the US central bank this week, some investors are looking to a parade of Federal Reserve speakers to calm market volatility, saying the reaction to the ...

Bitcoin regained some ground on Tuesday, a day after touching a two-week low after China’s central bank reaffirmed a crackdown on cryptocurrencies and restricted trading channels for Chinese residents. ...

The ECB’s elusive inflation goal, currently set “below but close to 2 per cent”, seems almost certain to get a facelift and be set at 2 per cent, with a tolerance ...

Cyprus ranked in 33rd place in the 2021 Institute for Management Development World Competitiveness Ranking Cyprus dropped three places in the ranking from the previous year, according to the survey which ...

By Ioannis Tirkides Optimism is rising high in the global economy for the recovery in 2021-22, and growth forecasts are being revised higher. The European Commission now expects real GDP ...

Bank of Cyprus announced on Thursday that it has successfully completed the issuance and sale of a €300 million high-priority bond through its European Medium-Term Bond Loan Program (EMTN Program), the ...

Federal Reserve officials signaled on Wednesday that they expected to raise interest rates from near-zero levels sooner than they had previously forecast. The euro and the pound both fell sharply ...

Cyta saw its highest after-tax profit in nine years of €70.8 million for the full year of 2020, and announced a positive outlook for its results in 2021, at a press conference on ...

The United States and the European Union have agreed a truce in their near 17-year conflict over aircraft subsidies, suspending for five years one set of Trump-era tariffs which had ...

A digital euro could suck away 8 per cent of euro zone banks’ customer deposits, analysts at Morgan Stanley have estimated, although the share may be far higher in some of ...

£784 million were lost to financial fraud last year, according to the UK’s Action Fraud. Victims of investment scams who referred to a social media platform lost £63 million ($89 million). The ...

US Federal Reserve officials are expected to begin debate on tapering the Fed’s monthly asset purchases as soon as this week’s policy meeting, but the central bank is ...

Lebanon’s currency crashed on Sunday reaching a new low against the dollar, as the country’s financial meltdown continues: Food is unaffordable, hospital are closed, petrol is unavailable, the ...

Bitcoin surged 9.8 per cent to $39,035.47 on Sunday, adding $3,492.71 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 40.7 per cent from the year’s low of $27,734 ...

Britain’s recovery from the Covid-19 pandemic sped up in April as lockdown measures eased, with the fastest monthly growth since July leaving output a record 27.6 per cent higher than ...

France said on Sunday it would provide Egypt with some €1.8 billion ($2.2 billion) in financing for projects including the Cairo metro, power generation and water management, in what officials called a ...