Banking and Finance

By Ioannis Tirkides The current time and the next period for a number of years at least, will be more treacherous for monetary policy. This is because the era of ...

Egypt’s new central bank governor, Hassan Abdalla, faces a daunting task as he tries to repair an economy derailed by an overvalued currency, rampant inflation and a banking system ...

Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides on Thursday said that the commission is closely monitoring the non-binding takeover offers submitted by private equity firm Lone Star for ...

A possible digital euro currency, which the European Central Bank is studying, could have several benefits such as facilitating cross-border payments and providing a digital monetary anchor, Finnish ECB policymaker ...

Cypriot company Point Nine on Tuesday announced that it has been selected as one of the 50 best companies to watch in 2022 by The Silicon Review, one of the world’s ...

Banking giants such as JPMorgan Chase & Co (JPM.N) and Bank of America (BAC.N) collectively face more than $1 billion in regulatory fines for employees’ use of unapproved messaging ...

Turkey’s central bank unveiled new measures on Saturday meant to address credit availability including higher reserve requirement collateral for lenders, days after it shocked markets with a 100 basis-point interest ...

Bank of Cyprus (BoC) said on Friday it had received and unanimously rejected “unequivocally” three unsolicited, conditional, non-binding proposals from Lone Star relating to a possible cash offer for the ...

Turkey’s central bank shocked markets on Thursday by cutting its main interest rate by 100 basis points to 13 per cent, saying it needed to keep driving economic growth despite inflation ...

The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said, suggesting she favours another large interest rate increase ...

Following the news that international financial technology firm Revolut received approval to create a crypto hub in Cyprus, the Cyprus Securities and Exchange Commission (CySEC) on Wednesday confirmed that it ...

Revolut, a British financial technology company (fintech) that specialises in digital banking, this week received approval from the Cyprus Securities and Exchange Commission (CySEC) to offer cryptocurrency and digital asset ...

Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose ...

Israeli authorities said on Monday they had arrested three suspects as part of an investigation into “large-scale fraud” against the French treasury and the theft and laundering of millions of ...

Battered by a near 50 per cent plunge in its shares over the last 12 months, Nexi (NEXII.MI), Europe’s biggest payments processor, has not gone unnoticed. Earlier this year, the ...

The total value of Cypriot bonds held by the European Central Bank (ECB) on its balance sheet stood at €4.29 billion after the public sector purchase programme (PSPP) had concluded in ...

A small increase of 0.09 per cent was recorded in the price index of construction materials for the month of July 2022, compared to the previous month, according to a report by ...

By Ioannis Tirkides Inflation has been ramping up for about a year now and has reached levels last seen more than forty years ago, during the stagflation of the 1970s ...

Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1 per cent reduction compared with the respective period of last year, according to the latest available data. ...

The Reserve Bank of India on Wednesday issued detailed guidelines that will increase scrutiny and supervision over digital lending apps and lenders who engage with them, after several complaints of ...

BlackRock Inc (BLK.N), the world’s biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on ...

Russia is considering buying the currencies of “friendly” countries such as China, India and Turkey to hold in its National Wealth Fund (NWF), having lost the ability to buy dollars ...

Wall Street surged on Wednesday, putting the Nasdaq more than 20 per cent above its June low, after US inflation slowed more than expected in July and raised hopes the Federal ...

Dubai’s biggest bank Emirates NBD (ENBD.DU) has given most employees a pay rise of up to 8 per cent to help cushion against rising costs of living driven by ...