. By Oren Laurent President, Banc De Binary Vladimir Putin is known as a strategic planner. Most every expansionary action he takes is calculated, decisive and incendiary. Whether or not a Russian fighter jet strayed into Turkish territory is inconsequential at this point. The actions that were taken by the Turkish air force cannot be
More
By Lukman Otunuga, Research Analyst, FXTM Sentiment towards the USD received a swift blow following the unexpected contraction in the US manufacturing sector of 48.6, its lowest level since the end of the recession almost six years ago. Although it was cited that the catalytic combination of weak global demand and a strengthening Dollar punished
More
* Industry is committed to ambitious CO2 reduction led by IMO * The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), of which the Cyprus Chamber of Shipping is a member, fully supports a global deal on climate change and is committed to ambitious CO2
More
Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis said he expects some news this week about Total renewing its exploration license for block “11” of Cyprus’ Exclusive Economic Zone (EEZ). In an interview with the Cyprus News Agency, Lakkotrypis said that “I hope that we will have some news this week. We are now waiting for
More
Central Bank of Cyprus (CBC) Governor Chrystalla Georghadji that based on the international experience, it will take three to five years with a growth rate of approximately 3% for non-performing loans (NPLs) to fall from 47% today to 10% of the total loan portfolio. Briefing the House Finance Committee, Georghadji said that the CBC requested
More
Russian Foreign Minister Sergey Lavrov arrived in Cyprus on Tuesday evening and will be received by President Nicos Anastasiades on Wednesday, a day before US US Secretary of State John Kerry also arrives on the island. Lavrov will also have talks with Foreign Minister Ioannis Kasoulides and House President Yiannakis Omirou and is scheduled to
More
Nicosia has welcomed Washington’s decision to allow the sale of US defensive weapons to the Republic of Cyprus. “This is a particularly important decision by the US Congress,” Government Spokesman Nicos Christodoulides said in statements to the press, on the sidelines of the Commonwealth summit in Malta over the weekend, pointing out that it proves
More
Limassol-based IronFX, facing a flurry of complaints from trader clients that they were not allowed to cash-in on their investments, has been fined a record €335,000 by the Cyprus Securities and Exchange Commission, which the company has settled and paid. However, this is not the end for the once-glorious forex trader, whose reputation had been
More
By Lukman Otunuga, Research Analyst at FXTM The lingering impact of Governor Mark Carney’s inability to provide a concise timeframe on a UK rate rise has punished the Sterling this week as it continues to face headwinds from the Bank of England’s clear reluctance to hike rates which has encouraged sellers to depreciate the GBP
More
German companies see the greatest employment potential for refugees as unskilled workers. These are the results of a survey by the Munich-based Ifo Institute published on Thursday. “About 41% of firms see significant potential for refugees to be recruited in their own branch as unskilled workers. But 59% rate their chances as narrow”, said Gabriel
More