Banking and Finance

Cyprus has emerged as the top-ranking European Union member state in providing cross-border investment services, according to George Theocharides, chairman of the Cyprus Securities and Exchange Commission (CySEC). The announcement ...

Women in Germany earned 18 per cent less on average than men last year, due largely to a levelling-off in earnings after having children and taking part-time work, the Federal Statistics ...

The world’s 20 best-performing hedge funds generated $67 billion for investors in 2023, roughly triple what they returned in 2022, with activist TCI Fund Management leading the pack, according to data published by ...

Tech shares helped power the S&P 500 to its first record high close in two years on Friday to confirm a bull market, while European stocks registered weekly declines ...

Cyprus Stock Exchange (CSE) wrapped up 2023 on a high note, with listed securities exceeding €4 billion, according to the CSE’s figures published for December. The General Index reached 136,01 points, representing ...

British retailers suffered the biggest drop in sales for almost three years during December, raising the risk that the economy slipped into recession late last year, official data showed on ...

Google will invest $1 billion on building a data centre just outside of London, the U.S. technology giant said on Thursday, in its latest investment in Britain as it meets ...

Here are the top business stories in Cyprus from the week starting January 15: Contrary to expectations that accompanied the reduction in the consumption tax rates for motor fuels, fuel prices ...

Four U.S. banks warned of lower interest income for this year on Friday, capping a week of dour commentary from the industry that has been under pressure from high ...

Ford Motor (F.N), opens new tab said on Friday it would reduce production of its F-150 Lightning pickup truck, as demand for electric vehicles (EVs) slows. The No. 2 U....

Macroeconomic stabilisation policy for some time now has been navigating in the dark. This will only increase in the next decades as structural changes in the economy are big and ...

According to data published on Friday by Eurostat, Cyprus experienced a 14 per cent decrease in potato prices in 2023. Similar trends were observed in Belgium (18 per cent decrease) and Austria (4 per ...

Social media platform Reddit has drawn up detailed plans to launch its initial public offering (IPO) in March, moving forward with a listing it has been eyeing for more than ...

The rate of inflation continued on a downward path in December, according to the Consumer Protection Service which monitors the prices of consumer products. Inflation in December was down to 1.6 ...

European stocks rose on Thursday as markets steadied after falling the previous day when traders lowered their expectations for major central banks to start cutting interest rates soon. A combination ...

Suppose you’re looking for financial assistance to cover unexpected expenses with credit scores in the 300 to 580 range. In that case, one option is to take out the best no ...

Barclays CEO C.S. Venkatakrishnan is looking to use the lender’s first investor day in a decade to show shareholders it can replicate the success of its investment bank ...

According to the annual data published by Eurostat, the EU exported 32.1 million tons of waste to third countries in 2022, marking a 3 per cent decrease from 2021. Concurrently, waste imports to the ...

According to the Cyprus Statistical Service (Cystat), the prices of construction materials show a small increase. The Construction Materials Price Index for 2023 recorded an increase of 2.91 per cent per compared ...

Apple (AAPL.O), opens new tab ended Samsung Electronics’ (005930.KS), opens new tab 12-year run as the largest seller of smartphones in the world, after commanding a 20% market share in 2023, ...

World stocks and bonds took a hit on Wednesday as central banks pushed back against interest rate cut bets, while signs of a patchy economic recovery in China drove shares ...

Renault (RENA.PA), opens new tab on Wednesday reported a 9 per cent increase in annual global sales volumes for 2023, returning to growth after four consecutive years of decline and the ...

Cyprus showed a decline in loan applications by both businesses and households, in the third quarter of 2023. This was influenced by strict Eurozone policies and rising interest rates, according to ...

Oil prices rose by around 1 per cent on Tuesday, as investors weighed the impact of tensions in the Middle East. Brent crude futures gained 81 cents, or about 1.04 per cent, to $78.96 ...