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 both entering correction territory after each fell by another 4.4$, respectively. The MSCI Asia Pacific index is set to enter the weekend on
More
A leading lawyer who has spearheaded many cases in European courts seeking justice for Greek Cypriot refugees has warned that “time is running out” to challenge Turkey, which wants to re-open the ghost town of Varosha. Achilleas Demetriades, who has won several landmark cases at the European Court of Human Rights, said “Turkey is stalling
More
President Nicos Anastasiades has offered his summer residence in the Troodos mountains to quarantine those who have been in contact with infected people but show no symptoms of Covid-19 virus. Following a cabinet meeting on Thursday, Health Minister Constantinos Ioannou said that state-owned Troodos housing along with the president’s residence will host people that may
More
Greek firm Energean is to acquire Total’s stake in Block 2, offshore Western Greece, providing further exploration opportunities in its core area of the Eastern Mediterranean with limited financial exposure. The Israel and London-listed oil and gas firm said the deal enhances the future growth potential of its portfolio and medium-term optionality to deliver value
More
Cyprus’ economy is still characterised by large economic imbalances, which, unless addressed, may impede its medium-term prospects, the European Commission warns in its in-depth analysis. It said Cyprus’ large imbalances are a legacy of the 2013 crisis and include high stocks of private, public and external debt and nonperforming loans. “Cyprus has made limited progress
More
A 33-year-old Cypriot man who stole a box containing a Swedish teenager’s ashes from his family’s rented car was jailed for 15 months by the Limassol district court. The thief who expressed remorse in court, and to the teenager’s family, was handed a 10-month jail sentence for stealing property with another five months added to
More
Cyprus Casinos (C2), the first in the Republic, has opened its fourth and final licensed satellite casino at Yeroskipou in Paphos. Paphos welcomed its first guests earlier this week, following the operation of the temporary casino in Limassol and the satellite casinos in Nicosia, Larnaca and Ayia Napa. C2 Paphos, is located at the Yeroskipou
More
Three Cypriot women are being kept in isolation as a precaution after reporting they had come into direct contact with a confirmed coronavirus case in Italy where they had travelled recently. Cyprus Health Minister Constantinos Ioannou said on Twitter that all three tested negative for COVID-19 but are to remain quarantined for 14 days as
More
By Hussein Sayed, Chief Market Strategist at FXTM Buying on dips has been a successful strategy over the past several years when it comes to equity trading. Even the US National Economic Council Director, Larry Kudlow, is providing this advice to long-term investors. After the Dow Jones Industrial Average Index (DJIA) plunged 2600 points or
More
Cyprus is preparing its action plan in case the World Health Organisation declares the novel Coronavirus a pandemic, said Health Minister Constantinos Ioannou. Ioannou met with Foreign Minister Nikos Christodoulides and Justice Minister George Savvides on Wednesday to discuss efforts to make sure emergency services that will be called to respond to such a scenario
More
