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Can hydrocarbon reserves save the Cyprus economy?

. * Using gas reserves to raise money is a rather foolish option * By Costis Stambolis Following the Eurogroup conspiracy of March 15, the subsequent Troika-inspired “bail out” and the consequential

3rd May 2013
Comment

After Cyprus: Latvia banks under pressure over Russian deposits

Did the “billions” of the Russian oligarchs (that were never here in the first place) leave Cyprus and head for the Baltic states? Well, Moody’s Investors Service is worried that the rising

3rd May 2013
Business

Stable outlook for UK general insurance, despite challenges

Moody’s maintains a stable outlook for the UK’s general insurance sector, driven by expectations that rate increases and meaningful expense reductions will mitigate the adverse effects of the challenging macro-economic environment and

3rd May 2013
Business

Cyprus President to talk oil & gas in Israel, no agreement yet

Cyprus President Nicos Anastasiades will be paying an official visit to Israel on the Greek Orthodox Easter Sunday, where he is expected to discuss oil and gas with the political leadership there.

2nd May 2013
Cyprus

@WarrenBuffett becomes Twitter phenomenon with 100,000 followers

Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent his first tweet on Thursday, picking up more than 45,000 followers

2nd May 2013
Business

Cyprus: Emerging Companies Market (ECM) and other CSE initiatives

. By Nondas Cl. Metaxas, CEO, Cyprus Stock Exchange The financial community is facing tough economic times as a result of the crisis which has particularly affected the banking sector, imposing the

2nd May 2013
Comment

Cyprus Editorial: Time for Israel to regain its strategic role

. President Nicos Anastasiades’ visit to Israel just days after his own Defence Minister will be there to discuss regional energy security, could turn out to be a landmark occasion, where traditional

2nd May 2013
Comment

S&P nears 1600 boosted by data, ECB rate cut

U.S. stocks rose on Thursday, with the S&P at a fresh intraday high, after strong job market data and on hopes the first rate cut by the European Central Bank in ten months

2nd May 2013
Business

Intel picks insider as new CEO, despite missing mobile revolution

Intel Corp's board elected three-decade insider Brian Krzanich as its next chief executive, disappointing some investors looking for aggressive change as the world's largest chipmaker increasingly finds itself left out of the

2nd May 2013
Business

Slovenia issues $3.5 bln bond despite downgrade, reforms to slow

Slovenia borrowed $3.5 bln on international markets on Thursday to shore up its ailing banks and stave off a bailout, bouncing back to finish an issue it had aborted two days earlier

2nd May 2013
Business
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Latest Comment

6th June 2025

The EU’s action plan for affordable energy

4th June 2025

Discipline, governance needed to build a resilient balance sheet

25th May 2025

Gas will be around for quite longer

24th May 2025

Natgas back on the EU agenda

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Markets complacent over Iran, wider global risks

Financial markets are showing a deeply concerning level of complacency

Yen weakens on slowing safe-haven demand

The Japanese Yen remains on the back foot against its

Ceasefire sinks dollar

The euro-dollar currency pair extended its gains for the fourth

Cyprus risk higher amid Mideast tension, UN cuts

The risk of an attack on the British bases in

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