Banking and Finance

One year into the coronavirus pandemic, Ethiopia looks set to become a test case for how the world’s poorest countries deal with huge debt increases as the crisis bites. ...

The government of Cyprus on Tuesday raised €1 billion with the sale of a five-year Euro Medium Term Note (EMTN). The debt security sale is part of the planned issuance by ...

Fresh from toppling the head of Germany’s top financial regulator last week, German lawmakers are turning their fire on finance minister Olaf Scholz and his deputy Joerg Kukies. As ...

In the next two years, Cyprus investment projects in tourism will include nine large-scale mixed-use developments (completion date 2022), an integrated Casino Resort by the international casino giant Melco. an investment ...

The rollout by Cyta of the first 5G network for Cyprus on Sunday offers vast opportunities for business, creating a new market for services and the ability to make use ...

Ryanair expects to lose close to €1 billion euros ($1.2 billion) in its current financial year, by far its worst ever performance, but Chief Executive Michael O’Leary forecast a “dramatic recovery” ...

Cyprus will recover in 2021, however the recovery will be slower and weaker than initially expected, according to a forecast published on Monday by the University of Cyprus Economic Research Centre. ...

Dutch central bank governor Klaas Knot said on Sunday he was “cautiously optimistic” on the chances for economic recovery later in the year, as COVID-19 vaccinations could enable countries to ...

Silver prices leapt to a five-month high on Monday and small silver miners listed in Australia surged after social media calls to buy the metal and emulate the frenzy that ...

Participants at Libya’s U.N.-sponsored peace talks have approved a list of candidates seeking to lead a transitional government that will prepare the North African state for a ...

It sounds like the start of a parable: Investors stuck inside during a pandemic begin to bid up an asset until its price becomes untethered to reality. The value soars ...

By Manos Panayiotou, advisor in Wealth & Investment Services at Hellenic Bank Every day people struggle to balance logic and sentiment. Every individual needs to find the perfect compromise to ...

The European Banking Authority (EBA) has launched its 2021 EU-wide stress test, publishing the scenarios for the exercise, including those concerning Cyprus. Although Cypriot banks are not included in the sample, ...

The U.S. Securities and Exchange Commission waded into the battle between small investors and Wall Street hedge funds on Friday, warning brokerages and social-media traders it was on alert ...

President Recep Tayyip Erdogan has committed the Turkish government to economic reform, but his alliance with the right-wing nationalist MHP party — which is closely allied with the Turkish Mafia — appears ...

French Finance Minister Bruno Le Maire and his new US counterpart Janet Yellen agreed to seek an international agreement on new rules for taxing multinational businesses, the US Treasury and ...

The British pound retreated on Thursday from the multi-month highs it hit in the previous session, as investors tempered some of their optimism about COVID-19 vaccinations in the UK. Sterling ...

Lebanese Central Bank (Banque du Liban) Governor Riad Salameh has been charged with dereliction of duty and breach of trust, the state news agency reported on Thursday. Judge Ghada Aoun ...

Members of a discussion group on the social news and chat site Reddit (page ‘R/WallStreetBets’) have been able to drive up the stock price of Gamestop by 1,700 per cent. ...

Cyprus Finance Minister Constantinos Petrides said on Thursday that the island’s economy should rebound with 4.5 per cent growth, while unemployment should decline. Speaking at InvestCyprus’s 5th Cyprus International ...

Pimco, or the Pacific Investment Management Company, is an American investment management firm founded in 1971 in California. The firm focuses on bonds and today manages more than $1.92 trillion in assets. ...

Microsoft Corp on Tuesday reported its Azure cloud computing services grew 50 per cent, the second quarter of acceleration in a business that had begun to slow as the global pandemic ...

The inauguration yesterday of Joe Biden as 46th US president is, overall, good news for European investors. The most basic element of progress is unquestionably that the turmoil of the ...

Chinese President Xi Jinping warned that a “new cold war” could turn hot, and must be avoided, in a speech on Monday at World Economic Forum’s virtual “Davos Agenda” ...