John Hourican has agreed to stay on as CEO of the Bank of Cyprus, the island’s biggest lender that under his watch concluded a major restructuring plan and boosted fundamentals. Board Chairman
Bank of Cyprus announced profits of €73 mln for the first nine months of the year, marginally down from the same three quarters last year, hampered by the loss-making Russian subsidiary Uniastrum
By Lukman Otunuga, Research Analyst, FXTM The resumption in optimism that the Federal Reserve might finally begin raising US interest rates in December has encouraged devoted bullish investors to reinvest in the
The Ministry of Energy, Commerce, Industry and Tourism announced that it has received a request from Noble Energy International for a farm-out agreement with BG International, for a portion of its interest
Moody’s Investors Service has maintained its stable outlook on the Saudi Arabian banking system, reflecting the rating agency’s expectation that in the context of persistently low oil prices, banks’ profitability and capital
By Lukman Otunuga, Research Analyst, FXTM The EURUSD has surrendered its gains from Thursday after the euro bears were provided with encouragement following Mario Draghi repeating his dovish view on the Eurozone
The number of lives lost to terrorism increased by 80% in 2014, reaching the highest level ever recorded at 32,658. This compares to 18,111 in 2013, according to the third edition of
By Lukman Otunuga, Research Analyst, FXTM The increased confidence investors acquired from the FOMC minutes regarding the high possibility of a US rate rise in December has led to investors unwinding their
By Lukman Otunuga, Research Analyst, FXTM The Dollar acquired some stability following a firm US CPI of 0.2% in October which supported the growing expectations that the Federal Reserve may raise rates
* Outlook stable, as bank rating upgrades could follow * Moody’s Investors Service upgraded Cyprus’ government bond rating by two notches to B1 from B3 on Friday, maintaining a ‘stable’ outlook, with
