Moody’s has cut the covered bonds issued by five Turkish banks by one notch, following successive downgrades of 13 banks on Tuesday and Turkey’s sovereign last Friday, warning of possible balance-of-payments crisis
Brussels will act to defend the rights of European Union member state Cyprus in its standoff with Turkey over maritime and energy rights, visiting European Council President Charles Michel said Wednesday. Michel’s
Despite coronavirus disruptions, growing demand for quality education will continue to drive primary and secondary education provider’s growth over the next three years, according to a new report by Moody’s Investors Service.
Turkey must immediately de-escalate in the Eastern Mediterranean to start problem-solving, otherwise, Brussels will consider sanctions, EU foreign policy chief Josep Borrell told the European Parliament plenary. Borrell said he would continue
Bitcoin will replace gold as the ultimate financial safe haven within a generation, according to Nigel Green, the CEO of one of the world’s leading independent financial advisory and fintech organisations. His
Fourteen major banks in the world have lost a cumulative $635.3 bln in market capitalisation since last December, primarily due to the coronavirus pandemic, according to a survey by Buy Shares. Wells
Although Cyprus said the withdrawal of Turkish survey vessel Oruc Reis is a move in the right direction, Ankara suggested it could return after leaving the region for resupplies. Cyprus Foreign Minister
Cyprus has applauded the agreement to establish diplomatic relations between Bahrain and Israel calling it another positive step for regional peace and stability. The Foreign Ministry tweeted on Monday: “Cyprus welcomes the
By Hussein Sayed, Chief Market Strategist at FXTM After two consecutive weeks of back-to-back declines, stocks kicked off Monday with solid gains amid a surge in M&A activity and positive signs towards
Turkey said the United States needed to return to a neutral stance on Cyprus after Washington and Nicosia signed a deal to build a security training centre in Larnaca as part of
