By Lukman Otunuga, Research Analyst, FXTM Oil prices for the benchmark WTI plummeted below $40 at the end of the week following swiss replica watches OPEC’s decision to keep production levels unchanged during their latest meeting in Vienna. Any optimism over a possible production cut diminished rapidly when the group failed to agree on a
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Ifo economist Ludger Woessmann has called for a systematic registration of the education levels of refugees in Germany, saying that “at the moment, we are groping around in the dark.” Woessmann, an expert in the economics of education, said in Munich that, “nobody really knows what level of qualification the refugees have. But this is
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DBRS Inc., the fourth-largest credit rating agency in the world, has upgraded the long-term foreign and local currency issuer ratings for the Republic of Cyprus from B (low) it issued in December 2014 to B as “strong fiscal performance and signs of economic stabilisation have helped to ease near-term concerns regarding the fallout from the
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By Lukman Otunuga, Research Analyst, FXTM November’s impressive non-farm payroll (NFP) figure of 211,000 has reinforced the ever-rising optimism over the possibility of a US interest rate rise in December. November data from the United States has followed a robust trajectory, and with employment picking up the Federal Rserve has been provided with a compelling
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The European Institute of Management and Finance (EIMF) is organising a unique programme next week that will give the tools to professionals that work in the sector to better understand the processes relating to fund administration. In recent years, Cyprus has made an enormous effort towards the enhancement and completion of the national legal framework
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If the UK were to leave the EU, the credit impact for the sovereign and the implications for its rating would depend primarily on what new trade arrangements the UK government could achieve, as well as its other economic policy choices, according to Moody’s Investors Service. The rating agency added it might assign a negative
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There is a need for new incentives in order to increase the investment attractiveness of Cyprus, said RCB Bank CEO Kirill Zymarin, adding that lifting of capital restrictions after the 2013 crisis and national bailout provided the grounds to improve the investment climate in Cyprus and has become one of the major driving forces for
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By Lukman Otunuga, Research Analyst, FXTM The European Central Bank’s lack of measures to raise inflation as quickly as possible sparked an aggressive appreciation of the Euro on Thursday. Market participants were left disappointed, with hopes of aggressive new measures dashed when the central bank decided to extend QE until March 2017, rather than increase
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The creature is driven by rage and pursued by an investigative reporter. The creature is wanted for a murder he didn’t commit. David Banner is believed to be dead, and he must let the world think that he is dead, until he can find a way to control the raging spirit that dwells within him.
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. With the flurry of activity by VIPs from New World Order rivals visiting the island, one could not help to think that the Cyprus problem has been restored from the ‘boring’ category to one of ‘seeming interest’, in other words raised a notch, as the rating agencies would say. However, the stark reality
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