Banking and Finance

British inflation sped up by more than expected to hit a 10-month high of 3 per cent in January and is likely to rise further soon, testing the Bank of England’...

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed ...

HSBC’s headcount fell 3 per cent last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and initiated sweeping restructuring of the Asia-focused ...

The Central Bank of Cyprus (CBC) announced a substantial growth in the assets of investment institutions for the final quarter of 2024. The assets increased by €573.8 million, 8.4 per cent, reaching €7.36 billion ...

The association of building contractors Oseok has warned that acute labour shortages in sectors like construction, tourism, and retail were stalling economic growth. As the supply of skilled and unskilled ...

Cyprus recorded the lowest rate of people working remotely in Europe in 2024, at just 22 per cent, a sharp contrast to the Netherlands, which topped the chart with 83 per cent. This ...

The sound of hammer blows and welding drifted from the Skaramangas Shipyard near Athens last month as workers repaired the bow of a large tanker, while other vessels waited to ...

The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million. This marks a 4 per cent increase compared to the previous year, ...

Fast-fashion retailer Shein’s executive chairman Donald Tang told investors in a letter on Monday that “growth remains strong” despite the United States ending duty-free treatment of low-value ecommerce packages ...

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in ...

Addressing Tuesday’s 8th Capital Link Shipping Forum in Limassol, the Deputy Minister for Shipping Marina Hadjimanolis emphasised that “expanding the Cypriot registry remains a top priority for the government.” ...

The board of directors of the Agros Development Company ‘Proodos’ Public Ltd, which owns the Rodon hotel in Agros, has accepted the evaluation issued by PWC about its share price. ...

Cyprus’ Construction Production Index prices for January 2025 reported a modest increase of 0.57 per cent from the previous month, according to the latest data from the Cyprus statistical service (Cystat). What ...

The Bank of Cyprus on Tuesday announced its preliminary financial results for 2024, reporting a profit after tax of €508 million. This marks a 4 per cent increase compared to the previous year, ...

The Deputy Ministry of Tourism has warmly welcomed Qatar Airways’ decision to ramp up its flights from Qatar to Larnaca Airport. According to a recent post, starting June 24, 2025, the airline ...

Deputy Minister for Shipping, Marina Hadjimanolis, announced this week that the Deputy Ministry of Shipping has integrated gender equality promotion activities into its operations. This initiative aligns with the United ...

Investors in HSBC (HSBA.L) are backing management attempts to shutter parts of its investment bank, even as US President Donald Trump’s deregulatory agenda fuels hopes for a boom ...

Quarterly data from the Central Bank of Cyprus (CBC) on household assets and liabilities have shown a shift in financial asset distribution. This trend may have been influenced by the ...

The Bank of Cyprus’ board of directors is convening today, February 17, to review the preliminary financial results of the group. The bank will release the official announcement related to the ...

Fake news generated by artificial intelligence and spread on social media is heightening the risks of bank runs, according to a new British study that says lenders must improve monitoring ...

Here are the top business stories in Cyprus from the week starting February 10: Cypriot banks have lowered their key interest rates, with expectations of further reductions throughout 2025, in response to ...

The latest reports from the three major credit rating agencies show a general improvement in the ratings of banks in both Cyprus and Greece. According to a report from local ...

The Bank of Cyprus this week presented its revamped branch network model, inaugurating its newly renovated branch on Archbishop Makarios III Avenue in Nicosia. The event, held on Wednesday afternoon, ...

Eurobank has announced that the India-Greece-Cyprus (IGC) Business & Investment Council was officially launched on Thursday at the Taj Mahal Palace in Mumbai. The announcement mentioned that this marks “a ...