The Cyprus government sold €100 mln worth of 13-week Treasury Bills on Monday, with the Finance Ministry’s Public Debt Management Office saying that bids were six times oversubscribed, pushing yields further down.
By Lukman Otunuga, Research Analyst, FXTM An impressive UK PMI of 55.5 offered a welcome boost to the Sterling bulls on Monday. With this latest PMI hitting a 16-week high, some fears
Gulf giant Emirates and two leading European airlines, Lufthansa and Air France, said they were rerouting flights over the Sinai desert where the Russian Metrojet Airbus crashed on Saturday morning, killing all
The Greek parliament approved legislation on Saturday that will pave the for a €14.4 bln recapitalisation plan of its banks, admittedly far less than the €25 bln that the international lenders had
A joint mission from the Troika of international lenders (EC, ECB, IMF) will be back in Cyprus on Tuesday to conduct its eighth evaluation of economic adjustment programme, aka “bailout plan” that
On November 2, 2015, the English-language Cyprus Mail, the longest newspaper on the island, will celebrate its 70th anniversary, a remarkable achievement for a tightly knit, family-run publication that prides itself on
Cyprus raised EUR 1 bln from the 10-year eurobond (EMTN) issued on Tuesday with a yield of 4.25%, the third attempt in the bond markets in a year, prompting Finance Minister Haris
With a growing number of professionals working outside the main office, at least some of the time, use of remote working tools has also radically increased. In fact, a staggering 86% of
Economic sentiment improved in October with the Economic Sentiment Indicator (ESI) rising by 0.7 points, according to the Economics and Research Centre of the University of Cyprus (CypERC). The monthly survey said
The island’s financial assistance package may have been a success but significant challenges remain with the reduction of the high stock of non-performing loans (NPLs) considered as the top priority, a Bruegel
