. By Oren Laurent President, Banc De Binary As the New York stock market rushed to record highs before Christmas, shares in Shanghai were looking more vulnerable. On Christmas Eve, desperate to avoid a second credit crunch in six months, the People’s Bank of China pumped $2.9 bln into the money markets to help cash-strapped
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The Financial Mirror This Week: 10 Years Ago Labour crisis over pay hikes, golf craze arrives Trade unions and employer organisations are headed for a new clash in 2004 with both sides disagreeing on the benchmark for pay hikes, as the CYP continued its steady retreat against the euro and the arrival of golf courses
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The Financial Mirror This Week: 20 Years Ago Pay demands an ongoing saga in civil, private sectors Pay demands in the private sector had pushed the employers and trade unions to a fresh round of confrontation, while President Clerides gave in to demands from the civil servants for wage increases, alas unrelated to performance, according
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. President Anastasiades is expected to appoint a host of board members who will take charge at most of the island’s semi-government organisations or state-owned institutions over the next few days. Already, the ruling DISY party has declared that it will not submit its own list of appointments-for-favours, not realising that such a statement is
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Dr. Alexandros Charalambides, Assistant Professor at the Department of Environmental Science and Technology has been elected to serve as the Young International Solar Energy Society (ISES) Representative on the ISES Board of Directors for the 2014-15 term. ISES (www.ises.org), an international non-profit UN-accredited membership NGO founded in 1954, has a long history of acting as
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The EU will operate under the “Creative Europe” programme a Financial Guarantee Facility from 2016 onwards, allocating more than €120 million to share the risk on loans offered to small and mid-sized enterprises in the cultural sector by banks. The fund is expected to yield more than €750 million in affordable loans, a European Commission
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Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November, according to a flash estimate from Eurostat. Looking at the main components of Euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in December, specifically 1.8%, compared with 1.6% in November, followed
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Etihad Airways, the national carrier of the United Arab Emirates, announced a “step-change in global aviation”, with the launch of its first branded regional operation, after taking a 33.3 per cent stake in Swiss carrier Darwin Airline. Following completion of the minority investment, which is subject to regulatory approval, Darwin Airline will rebrand its operations
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Agriculture Minister Nicos Kouyialis said that efforts are underway this year to reduce production costs for farmers, primarily by reducing the cost of electricity, water and grain. The Minister said that the year 2014 will include a lot of reforms in the area of agriculture economy but it will also mark the efforts to reform
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President Nicos Anastasiades will be in London from 14-17 January, where he is scheduled to meet British Prime Minister David Cameron. During his visit to London, the President will give a public lecture at the Hellenic Observatory of the London School of Economics, on Thursday 16 January, according to the LSE website. The lecture on
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