The coronavirus (COVID-19) outbreak will likely trigger payouts for $132.5 mln in pandemic catastrophe bonds sponsored by the World Bank’s Pandemic Emergency Financing Facility (PEF) for eligible countries to mitigate the impact
By Han Tan, Market Analyst at FXTM Most Asian currencies are gaining against the US Dollar after the Federal Reserve lowered US interest rates by 50 basis points. The Fed’s surprise move
Cypriot Interior Minister Nicos Nouris called for European Union solidarity in managing asylum seekers as countries like Cyprus cannot cope with increased flows of migrants on their own. He said Cyprus is
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial market volatility, according
Cyprus is concerned over a migrant spike from Turkey after Ankara declared it would stop keeping refugees on its territory, a move that has caused tension on its border with Greece. Cypriot
By Lukman Otunuga, Senior Research Analyst at FXTM A sense of optimism over global central banks and governments acting with a co-ordinated policy response has revived appetite for riskier assets. Shares in
The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organisations.
Cyprus has added Singapore and Hong Kong to its list of high-risk countries from which travellers arriving at the island’s airports will be screened and assessed. The Health Ministry said Friday it
Two senior officials of the Turkish Petroleum Corporation (TPAO), Mehmet Ferruh Akalin and Ali Coscun Namoglu, are on the EU sanctions list for Turkey illegally drilling within Cyprus’ Exclusive Economic Zone. The restrictive
By Han Tan, Market Analyst at FXTM Global stock markets are spiralling downwards and set for their worst week since the Great Financial Crisis, with the Dow Jones and the S&P 500
