Selling USD is attractive, says UBS

UBS AG in their latest investment report say that they maintain their negative view of the outlook for USD over three and six months on the expectation that US growth is weakening

Fed speak to affect dollar

Today sees the release of the Chicago PMI but the key focus will be on speeches by Fed’s Poole and Yellen. Yellen is known to be more of a dove but if

EU to help Lebanon cope with major oil spill

Lebanon has requested urgent help from the EU’s civil protection mechanism to contain environmental damage caused by a major oil spill off the coast of Lebanon. The Ministry of Environment of the

Lloyds TSB to set up branch in Cyprus

Lloyds TSB Offshore Limited” of Jersey has received a licence from the Central Bank of Cyprus to set up a branch here to carry on banking business in Cyprus, effective July 31,

Cyprus seeking to spread refugee burden

Cyprus will seeking to spread the refugee burden across all 25 member states at a meeting of EU foreign ministers on Tuesday. Cyprus has handled an estimated 50,000 refugees from Lebanon since