. By Oren Laurent President, Banc De Binary Nigeria is Africa’s largest crude oil producer, but that has not stopped the OPEC nation’s downward spiral into a fully-fledged currency crisis. The oil price rout that is tearing away at the global economy is proving to be a thorn in the side of Nigeria’s crumbling economy.
More
By Lukman Otunuga, Research Analyst, FXTM Sterling tumbled across the currency markets in Monday’s opening following the electrifying decision of London Mayor, Boris Johnson, to join the Brexit campaign which amplified fears over the UK leaving the European Union. This unexpected move reversed Friday’s gains and almost quashed David Cameron’s efforts to secure a special
More
Deals backed by loans to Belgian small businesses will be among Europe’s strongest performers, according to Moody’s Investors Service. "Belgian small businesses are growing and deleveraging, improving their profit margins," explained Monica Curti, a Senior Credit Officer at Moody’s. "Better financing conditions are helping business investment. It’s down to a combination of low interest
More
Huawei and Deutsche Telekom showed the world’s first 5G E2E network slicing demo on the opening day of Mobile World Congress in Barcelona. The joint demo was conducted in DT’s 5G:haus lab based in Bonn, Germany, and aims to validate network slicing technology, which can create network slice on demand in each given application scenario
More
Global growth will fail to pick up steam over the next two years as the slowdown in China, lower commodity prices and tighter financing conditions in some countries weigh on the economy, Moody’s Investors Service said in a quarterly report. The downside risks to Moody’s forecasts for G20 GDP growth of 2.6% in 2016
More
RCB Bank has joined forces with with the European Investment Bank (EIB) and the government of Cyprus to achieve viable growth for the local economy by supporting small and medium sized enterprises (SMEs) through 20 mln euros worth of competitive lending solutions, with a longer repayment period, a lower funding cost and favourable terms to
More
By Lukman Otunuga, Research Analyst at FXTM The stock markets displayed signs of exhaustion during trading on Thursday following the erratic swings in oil prices which intensified global risk aversion and consequently soured investor risk appetite. This risk-off environment spurred demand for safe haven assets such as the Yen on Friday morning which encouraged a
More
Zacharias Zachariou, Chairman of the House Trade Committee, said that a new bill to extend the network for consumer protection in regard to the abusive clauses imposed by the banking institutions will be passed into law in March. This follows an earlier announcement by the head of the Insolvency Department that the number of
More
The Cyprus International Institute of Management (CIIM) and Youngship Cyprus, a branch of the international non-profit association for young shipping professionals, are offering a unique training opportunity for the members of the Cyprus Youngship Association. The “Shipping Professionals Training Programme: Enhancing Professional Skills” aims to assist young professionals within the shipping sector to further
More
The Cyprus Tourism Organisation (CTO) aims to boost tourist arrival numbers to 2.9 mln this year, Chairman Agelos Loizou told the House Finance Committee which was discussing the Organization’s budget. After the meeting, Loizou said that the CTO is aiming for an increase of 6% to 7% in both arrivals and revenue. He
More