Moody’s has lowered global growth projections for 2022 and 2023 as Russia’s invasion of Ukraine and pandemic lockdowns in China add to supply shocks and stoke inflation. Advanced economies will expand 2.6%
By Jeffrey Halley The FOMC Minutes, released overnight, settled a few nerves, temporarily signalling another couple of 50bps rate hikes in June and July before a pause in September. The dreaded 75bps
Ukrainian authorities have informed Cyprus about their seizure of $420 mln worth of shares and securities linked to the island, which belong to a Russian billionaire and other business people, a Cypriot
By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the
By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares and US equity futures flashed red Tuesday morning despite the overnight rally on Wall Street. Investors seem to be on edge, adopting
Some 15,000 Ukrainian refugees fleeing from Russia’s invasion have found refuge in Cyprus, with migrant flows from the conflict continuing. Since the start of the war on 24 February and up until
President Nicos Anastasiades has told Brussels that sanctions on Russia should not have a bigger impact on EU member states than on Moscow. He took part in a videoconference on Monday, convened by European
By Jeffrey Halley Snap, Crackle, Pop! may bring back memories of breakfast cereals, but for Snap Inc their quarterly guidance was more of a dog’s breakfast. Snap’s stock price went snap, crackle,
The Central Bank has confirmed that its counterpart in Lebanon has decided to close the branches of Lebanese banks in Cyprus. Sources confirmed to CNA that the Lebanese Central Bank had closed
By Jeffrey Halley Recessionary concerns continue to hold back the buy-the-dippers in Asia on Monday, with stock markets ignoring the strong rally by US index futures. It is always worth taking the
