. By Oren Laurent President, Banc De Binary The Chinese economy faces a looming threat with its foreign exchange reserves, with approximately $100 bln per month exiting its shores! Wild speculation has fueled fears about the Chinese economy. There are no two ways about it: 2016 has been an annus horribilis for China. The world’s
More
Investment funding to Cypriot small and medium-sized enterprises and midcaps through the Investment Plan for Europe, known as the Juncker plan, is expensive due to the risk associated with Cyprus, which is exiting a three-year economic adjustment programme, experts have told an event organised by the Representation of the European Commission in Cyprus. As
More
The University of Cyprus has been included among the leading higher education institutions in the world having entered the top-200 list in this year’s rankings by subject of studies compiled by QS. UCy ranks in the 151-200 category for ‘education’, one of the 42 disciplines examined by the leading global provider of higher education
More
By Lukman Otunuga, Research Analyst, FXTM The financial markets were shaken by extreme levels of volatility during trading on Tuesday following the attacks in Brussels which renewed a wave of risk aversion that encouraged anxious investors to flee from riskier assets. Stocks entered a free fall with European equities relinquishing previous gains as the events
More
Standard and Poor’s (S&Ps) rating agency on Friday affirmed Cyprus’ long- and short-term sovereign credit ratings at ‘BB-/B’, with a positive outlook, saying it expected the Cypriot economy to continue to grow at more than 2% in real terms over 2016-2019, while strengthening its budgetary position and reducing government debt. The rating agency said
More
Hourly labour costs dropped by -0.8 in Cyprus during the last quarter of 2015, compared to the same quarter of the previous year, according to Eurostat. Labour costs followed a downward trend also on Q3 of 2015 by -0.7%. Meanwhile, the same index rose by 1.3% in the euro area (EA19) and by 1.9%
More
The job vacancy rate in Cyprus was 0.7% in the fourth quarter of 2015, up form 0.3% in the same quarter of 2014, placing the country fourth lowest amongst the EU28, according to figures published by Eurostat. The same index for the euro area was 1.6% in the fourth quarter of 2015, up from
More
The Governing Council of the European Central Bank (ECB) decided to lift the waiver for Cyprus, regarding its bond-buying programme, after a meeting on March 16. The waiver, according to which Cyprus could participate in the ECB’s quantitative easing programme without meeting the minimum credit quality thresholds, will be lifted by April 1. It
More
By Lukman Otunuga, Research Analyst, FXTM The markets were injected with violent bursts of volatility this trading week following the string of crucial central bank meetings which heightened risk aversion and left anxious investors on the edge. Erratic movements were seen across the board with Asian equities meandering between losses and gains as renewed
More
By Lukman Otunuga, Research Analyst, FXTM Stocks demonstrated signs of exhaustion and vulnerability during trading on Tuesday following the barrage of lackluster economic data releases which diminished confidence towards the global economy consequently reinstating a fresh wave of risk aversion. Asian equities were under fire with most stocks in Japan concluding depressed, as a gloomy
More