By Hussein Sayed, Chief Market Strategist at FXTM Equity markets in Asia kicked off the week in green territory as US bond yields edged higher following a positive close on Wall Street on Friday. The rally in stocks comes despite the fear of an economic slowdown and increasing risk of recession after the US 2-10
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A British teenager’s trial in Cyprus for falsely accusing 12 Israeli tourists of gang rape was postponed on Monday after the woman requested, she also be represented by a UK lawyer. The court adjourned the next hearing until August 27 after the teenager’s new Cypriot lawyer Nicoletta Charalambidou informed the judge her client wanted a
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University of Cyprus and seven universities in Greece rank among the 1,000 best universities of the world, according to the 2019 Academic Ranking of World Universities released by Shanghai Ranking Consultancy. University of Cyprus ranks 601-700 in the world ranking. In Greece the National and Kapodistrian University of Athens ranks 301-400. The list also includes
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Cyprus has taken the necessary measures to address the repercussions of a possible undesirable disorderly Brexit, government Spokesman Prodromos Prodromou when asked about the possibility of the UK leaving the EU without a deal on October 31. He said the Council of Ministers has taken decisions related to various fields that will be affected by
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By Lukman Otunuga, Senior Research Analyst at FXTM It has been a rollercoaster week defined by heightened trade uncertainty, yield curve inversions and global recession fears. The “risk off, risk on” pendulum swung back and forth as investors grappled with conflicting signals on the US-China trade front, disappointing economic data from China and Germany and
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Cyprus-based Woodbrook Group Holdings Ltd, one of the world’s fastest growing international firms of financial advisers, has signalled exciting expansion plans with the announcement of a significant new appointment. Nigel Gregory, a financial services industry veteran with three decades’ experience working in senior roles across the banking, wealth management and compliance sectors, has been appointed
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Despite significant momentum for corporate investments in industrial three-dimensional (3D) printing and widespread optimism over future applications of the technology, 3D printing will not account for a significant share of manufacturing sector activity for many years, Moody's Investors Service said in a new report. The rating agency said that with a few exceptions, no immediate
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The economy remains strong, said Finance Minister Harris Georgiades but warned there are still weaknesses and risks after Cyprus posted annual GDP growth of 3.2% in Q2. In a statement, Georgiades said the “growth of the Cyprus economy for the fifth year, remains strong, with a rate of growth of 3.4% for the first quarter
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By Lukman Otunuga, Senior Research Analyst at FXTM A ‘risk-on’ vibe is sweeping across financial markets after the US Trade administration (USTR) announced that it will remove some items from its target list and delay the 10% tariffs on certain Chinese goods until December. This unexpected development is stimulating risk appetite while reviving hopes that
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The installation of submerged bins along the popular Mackenzie beachfront in Larnaca has begun and is expected to be completed by the end of August. Larnaca Mayor Andreas Vyras told CNA that works to construct and install the submerged bins began recently to reduce municipal solid waste from coastal hotels and other units producing waste
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