By Hussein Sayed, Chief Market Strategist at FXTM The rally in US equities on Wednesday failed to impress Asian investors. The Dow Jones Industrial Average rose 1% on Wednesday driven by the Basic Materials and Consumer Cyclical sectors, while the Nasdaq Composite ended the session only 0.38% higher as the Technology sector was left behind.
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Nicosia’s first military attaché to the US, Lieutenant Colonel Georgios Ioannou, has officially assumed his duties to strengthen bilateral relations and promote defence diplomacy between Cyprus and Washington. The new post is also a symbol of the growing partnership between Nicosia and the US especially in the geopolitics of the East Med. Ioannou had moved
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Melco has announced new career opportunities at the Cyprus Casinos satellite located in Paphos, the last of the four to open and is scheduled to begin operations by the end of 2019. The Paphos casino is seeking up to hire 30 capable and enthusiastic individuals to join its team at the new satellite casino in
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New financial products that will dramatically alter the investment landscape for US expats living in Cyprus and across the globe have been launched. Universal Access Bonds (UABs) are described as “a game changer” for American expats and US connected persons by the CEO of Woodbrook Group Holdings Michael Doherty. FACTA and stringent tax regulations over
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. By Xingyuan Huang On August 23, President Donald Trump tweeted that American companies are ordered to leave China or return to the US to set up factories. A day later, America announced that it would raise tariffs on about $550 bln worth of Chinese exports to the US by an additional 5%. Forcing US companies
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A strike in the key tourism industry during peak season was averted after hoteliers and unions came to an initial understanding on the renewal of collective agreements after the Labour Ministry intervened. Hoteliers and unions have reportedly come to an initial agreement after record 34-hour negotiations navigated by Labour Minister Zeta Emilianidou. The two sides
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Mechanisms to establish trilateral cooperation between Cyprus, Greece and Israel on the Diaspora is becoming a reality, said Presidential Commissioner Photis Photiou. In statements after a meeting with young people from the three countries taking part in a Trilateral Youth Conference in Nicosia, Photiou said that he feels “very proud” of this coming together. “I
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S&P Global Ratings in its annual report on RCB Bank, confirmed its “BB-/B” long- and short-term counterparty credit ratings with stable outlook. “RCB continues to hold the highest rating level amongst Cypriot banks,” said the bank in a statement. “RCB Bank’s strengths, such as strong capitalization, good asset quality, as well as good profitability through
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By Han Tan, Market Analyst at FXTM The Pound fell by over one percent by Wednesday noon before paring losses, with GBPUSD sinking to sub-1.22 levels, while GBPEUR dipped below the 1.10 mark, following news that the UK government is seeking to suspend Parliament from the week of September 9 until mid-October. Such an event
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Cyprus has the unique opportunity to choose a name to be given to an exoplanet, following the Cyprus Space Exploration Organisation’s (CSEO) accession to the International Astronomical Union (IAU). According to CNA, a campaign will start soon involving the people of Cyprus, with more details about the exoplanet such as its distance from the Earth
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