By Han Tan, Market Analyst at FXTM Hong Kong’s Hang Seng index plummeted 3% after returning from the Lunar New Year break before paring losses, although most other Asian assets are advancing on the day after US equities rebounded from their worst selloff since October. Risk sentiment is being given some reprieve from concerns over
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Greece Defence Minister Nikos Pagiotopoulos and his Cypriot counterpart Savvas Angelides held discussions on improving their defence cooperation involving the Chiefs of Staff of the Greek and Cyprus armed forces. Angelides said the discussions were part of the continuous communication between Greece’s and Cyprus’ Defence Ministries, in the context of the constant and upgraded relationship
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Cypriot authorities have urged people with evidence of match-fixing in football to come forward with Justice Minister George Savvides pledging there will be no cover-up. “Whoever loves football, it’s not enough to say they have information,” Savvides said. “They have to provide it to police,” said Savvides. Cyprus and European football governing body UEFA have
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The International Maritime Organisation and WISTA, the umbrella organisation for professional women in the shipping industry, signed a landmark technical cooperation agreement to encourage greater diversity and empower women in the maritime world. The Memorandum of Understanding, signed at the IMO headquarters in London, aims to promote greater diversity and inclusion through enhanced cooperation activities
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Cyprus economic growth is expected to decelerate in 2020, with real GDP dropping from 4.1% in 2018 and 3.4% in 2019 to 2.8%, due to faltering confidence, risks related to bad loans and rising state payrolls, the University of Cyprus Economics Research Centre forecasts. The growth forecast for 2020 is close to the projections released
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The Transport Ministry has launched a scrappage incentive scheme to encourage Cypriot motorists to replace their old high-emission bangers with new eco-friendly cars, preferably electric ones. The Road Transport Department has published the scheme on its website, calling on interested parties to submit their application from 4 February until 5 March 2020. A budget for
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Cyprus Foreign Minister Nikos Christodoulides will hold talks in Rome on Wednesday with his Italian counterpart Luigi Di Maio on latest developments in the Eastern Mediterranean in view of Turkish activity in the region. On the agenda will be Turkey’s illegal actions in the marine zones of the Republic of Cyprus and Ankara’s maritime and
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France’s Charles De Gaulle aircraft carrier will call at Limassol port next month during its mission in the Eastern Mediterranean in a visible show of support for Cyprus as tensions in the region remain volatile. Limassol is the only port the aircraft carrier will be visiting during this mission; the French Ambassador Isabelle Dumont told
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While a UEFA delegation is in Cyprus discussing how to combat match-fixing and corruption in local football, Omonia Nicosia chairman Stavros Papastavrou claimed the league title could be bought for a price. During a press conference, Omonia’s chairman and main investor said that the club would be taking a series of measures to expose allegedly
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By Lukman Otunuga, Senior Research Analyst at FXTM “When China sneezes, the world catches a cold.” It’s worth resurrecting this old (modified) adage as the coronavirus outbreak has revived economic fears and rattled equities across the world. A wave of risk aversion is flooding financial markets, with Asian shares flashing red on Tuesday as
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