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MARKETS: US manufacturing contracts, investors turn to Yellen

By Lukman Otunuga, Research Analyst, FXTM Sentiment towards the USD received a swift blow following the unexpected contraction in the US manufacturing sector of 48.6, its lowest level since the end of

2nd December 2015
Business

COP21: Shipping supports global climate change deal

 * Industry is committed to ambitious CO2 reduction led by IMO * The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), of

2nd December 2015
Business

CYPRUS: Expecting to hear from Total “soon” about natgas exploration

Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said he expects some news this week about Total renewing its exploration license for block “11” of Cyprus’ Exclusive Economic Zone (EEZ). In an interview

2nd December 2015
Cyprus

CYPRUS: “It will take 3-5 years for NPLs to fall to 10%”

Central Bank of Cyprus (CBC) Governor Chrystalla Georghadji that based on the international experience, it will take three to five years with a growth rate of approximately 3% for non-performing loans (NPLs)

2nd December 2015
Cyprus

CYPRUS: Lavrov in quick visit to discuss regional issues

Russian Foreign Minister Sergey Lavrov arrived in Cyprus on Tuesday evening and will be received by President Nicos Anastasiades on Wednesday, a day before US US Secretary of State John Kerry also

2nd December 2015
Cyprus

CYPRUS: Washington lifts embargo on sale of US defensive weapons

Nicosia has welcomed Washington’s decision to allow the sale of US defensive weapons to the Republic of Cyprus. “This is a particularly important decision by the US Congress,” Government Spokesman Nicos Christodoulides

2nd December 2015
Cyprus

CYPRUS: IronFX faces record fine, settles €335,000 in cash

Limassol-based IronFX, facing a flurry of complaints from trader clients that they were not allowed to cash-in on their investments, has been fined a record €335,000 by the Cyprus Securities and Exchange

27th November 2015
Cyprus

MARKETS: Sterling sensitivity ahead of second estimate GDP in UK

By Lukman Otunuga, Research Analyst at FXTM The lingering impact of Governor Mark Carney’s inability to provide a concise timeframe on a UK rate rise has punished the Sterling this week as

27th November 2015
Business

GERMANY: Companies see refugees mainly as unskilled labour

German companies see the greatest employment potential for refugees as unskilled workers. These are the results of a survey by the Munich-based Ifo Institute published on Thursday. “About 41% of firms see

27th November 2015
Cyprus

ENERGY: Total keen to explore in Cyprus, BG joins Noble in ‘12’

Total has recommitted its interest to explore in Block 11 of the Cyprus exclusive economic zone, weeks after Italy’s ENI made the biggest offshore gasfield discovery in adjacent Egyptian waters. Having initially

27th November 2015
Cyprus
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Latest News

  • Sterling on the move, “has more room to run”
  • Euro consolidates gains, markets brace for Fed rate cuts
  • CCLEI sees moderate growth in June
  • WTI trades with caution at $64 as tariff deadline nears
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Sterling on the move, “has more room to run”

The British pound is surging, and the momentum shows few

Euro consolidates gains, markets brace for Fed rate cuts

The EURUSD pair appreciated for the seventh consecutive day, but

CCLEI sees moderate growth in June

The annual growth rate of a leading indicator in Cyprus

WTI trades with caution at $64 as tariff deadline nears

West Texas Intermediate futures on NYMEX, exhibit a sluggish performance

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