By Jameel Ahmad, Chief Market Analyst at FXTM After the Federal Reserve calmed down investor sentiment by reassuring traders it still has every intention to begin raising interest US interest rates next year, it was no real surprise the USD concluded the week by strengthening against its counterparts. Gains were also recorded in US stocks,
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Nicosia is playing its part in the worldwide commemoration of the Christmas Truce centennial, with the difference being that the Cyprus football game is probably the only one to be played in “no man’s land”, as was the case between the warring sides at the beginning of WWI. The Cyprus Christmas Truce football game will
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. As Paphos gets ready to elect a new mayor on January 11, the town’s folk are exhibiting a twisted sense of democracy and transparency. The question on everybody’s mind that no citizen or political party dares ask openly – for fear of finding skeletons in their own closet – is, if the ex-Mayor and
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. Marcuard's Market update by GaveKal Dragonomics So much for the gentle year-end that looked to be in store after the swift recovery from October’s sell-off. Investors now face an acute dilemma as oil demand estimates get scaled back and the energy complex howls: does the effective tax cut delivered to oil consumers outweigh the
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. By Oren Laurent President, Banc De Binary Facebook founder, Mark Zuckerberg, has been accused in the past of abandoning traditional investor logic and pursuing several overly priced acquisitions. Yet, as skeptical as you may be about Silicon Valley’s tech-geek egos, there’s no denying the recent data. It turns out that Zuckerberg correctly anticipated what
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With the pace of decline in economic activity slowing in 2014, Ernts & Young (EY) believes that Cyprus remains on track for a return to growth next year. However, the main drivers of the turnaround — tourism and the services sector — will only be sufficient to generate modest GDP expansion of around 0.3% in
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With Christmas just around the corner, DHL Cyprus has received an award at the Social Responsibility REACTION Excellence Awards 2014. The Awards ceremony organised by REACTION Youth for the Prevention, a non -profit organisation, recognises DHL’s social contribution as well as the support it has provided to the organisation over the last year. During the
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By Jameel Ahmad, Chief Market Analyst at FXTM The Renminbi weakened overnight against the US Dollar to 6.2295, a level not seen in the past six months, with ongoing concerns that China’s economy is continuing its downturn. The weakness in the Renminbi intensified following the unexpected manufacturing PMI contraction last week, with many now expecting
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Fastest connection to ski resorts in Germany, Austria and Switzerland Lufthansa customers will be able to reach the ski slopes even faster this winter. A new helicopter service from Munich will commence on 1 January 2015. Lufthansa’s hub in southern Germany is the perfect departure point to reach the nearby ski resorts as quickly as
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EU leaders have approved an ambitious plan that will see some €315 bln pumped into the European Union, to prop up employment initiatives and revive investments that in turn will make the 28-state economy more competitive. However, the deal came with reservations and differences from among EU leaders. European Council President Donald Tusk said on
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