ECB less hawkish, back to neutral bias

says Citi The ECB increased, as widely expected, the official rates by 25 BP after Thursday’s meeting. As a result, the upcoming weekly refi operations, settled on July 9, will be conducted

Asia stocks rally, led by Chinese banks

Asian stocks rose on Monday, snapping a six-day losing streak on optimism that China's banking sector has thrived despite market turmoil and bargain-hunting investors picked over battered shares. However, fears that stagflation

UAE cancels nearly $7 bln in Iraq debt

The United Arab Emirates has cancelled almost $7 billion of debt including interest and arrears payments owed by Baghdad, becoming the first Gulf Arab country to forgive all of Iraq's debt. The

EU scholarships to Turkish Cypriots

European Commission has decided to award 122 scholarships to undergraduate Turkish Cypriot students, recent graduates and Turkish Cypriot teachers within the framework of the EU scholarship Programme. The grantees will start their