FOMC minutes settle nerves

By Jeffrey Halley  The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps

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AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,

Golden passport stain thickens

The case of a Vietnamese who allegedly acquired a Cypriot golden passport while in custody in his home country has authorities in a tangle. Cyprus legal services are investigating allegations that a

Labour Minister faces most difficult hour

Labour Minister Zeta Emilianidou is going through her most difficult hours, said President Nicos Anastasiades after visiting her at the private hospital in Athens, where she is critical. On Wednesday, President Anastasiades

Electricity prices to stay high until 2023

No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told customers their power bills would not drop before next year.

Hellenic Bank staff to strike 31 May

Cyprus’ banking system is facing disruption after Hellenic bank staff announced they would stage a 24-hour warning strike next week over redundancies. The strike, scheduled for 31 May by the banking employees

Least worst choices

By Jeffrey Halley  The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the

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