Troika continues contacts in Cyprus

A delegation of Cyprus' international lenders (Troika) continues on Wednesday its contacts with stakeholders on the island in the framework of the fifth assessment of the country's economy. Troika technocrats are meeting

GBPUSD: The Bulls Bounce Back

By Jameel Ahmad, Chief Market Analyst at FXTM Just when it appeared like the GBPUSD bulls were taking a siesta, a ringing alarm bell sent the bulls back out again in full

Asset managers fuel appetite for M&As

 * Sellers include smaller boutique managers and bank/insurance companies * Moody's expects increased merger and acquisition (M&A) activity among asset managers, as an improving economy and higher valuations offer stronger growth, Moody's

EFSF approves €1 bln for Greece

The European Financial Stability Facility (EFSF) has approved the disbursement of 1 bln euros to Greece, taking into consideration the full implementation of a set of milestones agreed in April. This is