The Central Bank of Cyprus announced on Monday that it had revoked the banking operation license of the Cyprus branch of FBME Bank, ending a long dispute over the Tanzania-based bank’s suspected dealing with money laundering, according to the US Treasury conclusions. But the bank, which had already contested the CBC’s suspension and appealed to
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By Lukman Otunuga, Research Analyst, FXTM The GBPUSD remains under extreme pressure below 1.50 from an appreciating Dollar, while the impact of the Federal Reserve’s historic decision to raise US rates for the first time in almost a decade has depressed prices further. This pair is heavily bearish and with sentiment towards the Sterling facing
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* Rivals fail to capitalise on 4G; Contract wins vs pre-paid * State-owned Cyta, the Cyprus telco that should have headed for privatisation within the next three years, has been steadily losing market share to its rival mobile phone operators, who, nevertheless, failed to capitalise on the launch of high-speed 4G telephony earlier this year.
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By Lukman Otunuga, Research Analyst, FXTM The bearish sentiment towards the Sterling/Dollar descended to new depths on Thursday after the currency pair closed below 1.49 for the first time since April and fell to a fresh eight-month low at 1.486. While part of the reason for this heavy decline in the GBPUSD has
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. By Dr Andrestinos N. Papadopoulos, Ambassador a.h. The recent tragic events in Paris, a result of blind terrorism, raised reactions all over the world, as leaders condemned the abhorrent acts of violence perpetrated by the Islamic State (IS) and decided to intensify their struggle against it. The reaction of the Supreme Leader of Iran,
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. The Cyprus government purposefully dragged its feet on the privatisation of the state-owned telco Cyta, probably assuming that delaying any decision closer to the May parliamentary elections would secure votes in that it would appear to be the ‘saviour’ of the national entity and safeguard the 2,000 jobs. As a result, it has shot
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Marcuard’s Market update by GaveKal Dragonomics So far so good. Two hours’ trading, which was all the time New York markets had to react to the Federal Reserve rate hike, is hardly a significant sample, but the steadiness and consistency of that brief response must have left Janet Yellen satisfied. The most predictable and predicted
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By Lukman Otunuga, Research Analyst at FXTM Confidence in the global economy received an uplift Wednesday night following the Federal Swiss Replica Watches Reserve’s unanimous decision to finally raise US interest rates for the first time in almost a decade. The Dollar was installed with some bullish momentum across the currency markets, however it was
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The new foreign company legislation for the ‘deoffshorisation’ that was approved in November Rolex Replica Watches 2014 and came into effect from January 1, 2015, has already had a positive impact on the business services sector, as well as the employment sector in general. According to a leading expert in the recruitment www.pureintime.net
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* Guarantees will be the subject of a multilateral conference * President Nicos Anastasiades said he is hopeful of substantial progress in the talks to reach a Best Replica Watches settlement to the island’s division within 2016, telling the association of the mayors that “there is understanding on a significant number of issues” during the
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