By Hussein Sayed, Chief Market Strategist at FXTM Stocks monitors were flashing green lights with China’s Renminbi strengthening on Thursday morning after US President Donald Trump announced a delay in tariffs on Chinese goods by two weeks. Trump’s postponement of the 5% extra tariffs came after China exempted some US goods from the 25% tariffs
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The number of government employees remained relatively unchanged at 51,486 in August 2019, compared with 51,475 in the same month last year, despite an increase in temporary staff. Official figures showed that permanent staff decreased by 444 or 1.5%, from 28,682 to 28,238 persons, while temporary staff increased by 5% reaching 14,800 persons compared with
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A series of blasts rocked Turkish occupied north of Cyprus when a fire broke out near an ammunition depot in the early hours of Thursday close to the coastal village of Ayios Epiktitos (Catalkoy). The Turkish Defense Ministry said the fire had been brought under control and that the cause of the initial blast,
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Cyprus and Saudi Arabia are looking to strengthen bilateral ties on all fronts as symbolised by the first visit to Nicosia of a foreign minister from the kingdom. Ibrahim bin Abdulaziz Al-Assaf is the first Foreign Minister of the Kingdom of Saudi Arabia to be paying an official visit to Cyprus. “I see a high
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Astrobank has come to an agreement in principle for the acquisition of the National Bank of Greece (Cyprus) after months of negotiations in Athens and Cyprus. Sources from both banks quoted by Stockwatch have confirmed that the two sides are close to a final agreement. While details of the deal have yet to be announced,
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Nicosia has welcomed the fact that incoming EU Commission chief Ursula von der Leyen has assigned Cyprus Commissioner designate Stella Kyriakides the key portfolio of Health. In a written statement, Cyprus President Nicos Anastasiades wished Kyriakides good luck in her new duties, pointing out that her post is one of the “most important” because it
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Cyprus credit card transactions in August increased 6%, reflecting steady consumer confidence while tax and other online payments to the state played a significant part in the upswing. According to new JCC data, the value of Cyprus credit card transactions in the domestic market increased by 6% in August to €421.85 mln compared to last
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By Han Tan, Market Analyst at FXTM Shares across Asia-Pacific rose on Wednesday, carrying over the momentum from the late surge in US stocks. The lull in the US-China trade conflict has prompted safe-haven assets to unwind recent gains. Gold is now trading around the $1490 level, the Japanese Yen has weakened with USDJPY edging
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Egypt will host the next Trilateral Summit involving the leaders of Cyprus and Greece on October 8, Cypriot Defence Minister Savvas Angelides announced on Wednesday. “We are constantly upgrading both our bilateral relations and our trilateral cooperation with Egypt and Greece, on matters of a military nature,” the Minister said. He attended a meeting at
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Cyprus has fewer children per teacher in primary school education (12.6) than the EU average (14.7), according to latest Eurostat data. Across the EU, the average number of pupils per teacher at primary level in 2017 was 14.7, though the figures vary across EU Member States. The highest pupil-teacher ratios were reported in France (19.6),
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