By Lukman Otunuga, Research Analyst, FXTM The Sterling/Dollar unexpectedly surged on Monday and this has nothing to do with an improved sentiment towards the Pound, but ongoing Dollar weakness from diminishing US rate hike expectations. From the start of the year, Sterling has been victim to a vicious sell-off from the intensifying Brexit concerns, while
More
Economic output in the Eurozone will increase by 0.4% during the first three quarters of this year respectively, according to joint data from the three research institutes Ifo (Munich), INSEE (Paris) and ISTAT (Rome). This development will be driven by dynamic domestic demand. Private consumption is forecast to grow by 0.5% during the first
More
The trade deficit almost doubled in January to €224 mln from €128 mln the previous month, due mainly to a great fall in exports and a smaller drop in imports. According to data published by the statistical service Cystat in its January report “Intra-Extra EU Trade Statistics (Summarised Data)”, total imports/arrivals (covering total imports
More
What Cyprus needs to get out of the, admittedly, stagnant situation of the shipping sector, is to evolve and reform all public sectors, while changes are also necessary in the private sector as well, panelists at a conference in Limassol said on Monday. But Ankara’s embargo on Cyprus-flag vessels calling on Turkish ports and the
More
. By Averof Neophytou Cyprus can be considered today as a power in International Shipping. It owes this to the people and organisations in the shipping sector; the Ministry of Transport, the Department of Merchant Shipping, the Cyprus Shipping Chamber, the Cyprus Shipowners Union and all of the related companies and professionals active in our
More
. By Olga Kandinskaia In line with CIIM’s policy to bring best foreign professors, the Digital Marketing specialisation for the Master Programmes has been designed in collaboration with the leading digital marketing professionals from abroad. Our Master students will qualify to receive the Professional Diploma in Digital Marketing issued by the Digital Marketing Institute (DMI)
More
By Lukman Otunuga, Research Analyst, FXTM An unappetising combination of elevated concerns over slowing global growth and incessant declines in oil prices have activated a wave of risk aversion that engulfed the markets this week. Stocks have been left heavily depressed with most major markets subdued as risk appetite sours amid the ongoing instabilities, while
More
The Central Bank-appointed special administrator of the Cyprus branch of FBME bank is acting fraudulently and is misleading depositors into blindly accepting what balance is presented to them as being accurate information, the owners of the Tanzania-based bank said in an announcement. The bank came under administration after the Cyprus regulators, acting on
More
The government of Cyprus will start accepting online applications for visas from Chinese visitors and potential investors by the end of the month, in an effort to attract them to the island and provide long-term residency or even citizenship. With the property sector seeming as the most promising to exit the recession of the
More
. The latest episode in the comedy of errors called the ‘Services Sector’ saw the “revelation” of thousands of Cyprus-interest companies and accounts held or controlled by Panama-based entities, one of which is Mossack-Fonseca, a leading international law firm in the central American country that registers and manages holding companies. The whole fuss seems
More