Cyprus will receive EUR 1.3 bln in EU funds for the programme period of 2014-2020, rendering the island as a net recipient for the first time since its accession in 2004. The EU Court of Auditors in Brussels presented its audit on the 2014 budget, marking the commencement of the new 2014-2020 Multiannual Financial Framework,
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The Public Debt Management Office at the Ministry of Finance received tenders for a total of EUR 296.7 mln during Tuesday’s auction of 30-day treasury bills. This made the demand for the issue issue of EUR 50 mln oversubscribed by six times. The PDMO said that the weighted average yield was 0.51%. The accepted yields
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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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By Lukman Otunuga, Research Analyst, FXTM The USD strongly appreciated as a satisfying non-farm payroll (NFP) figure of 271,000 greatly exceeded expectations. A sense of clarity ripples through the global markets as expectations mount that the Federal Reserve may likely hike rates in 2015. This impressive NFP figure has gone against the string of soft
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. By Oren Laurent President, Banc De Binary Traders and investors are often in two minds about precious metals, notably gold. Now that the recent Federal Reserve decision has been announced and an interest rate hike is off the cards, a little uncertainty has pervaded the gold market. When the September decision of the Fed
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* 7 banks benefit so far, HB total reaches €100 mln * The European Investment Bank (EIB) signed two finance agreements on Monday worth €115 mln that aim to fund public infrastructure and to boost SMEs in order to achieve economic recovery and the creation of new jobs. The pair of agreements were signed in
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The Cyprus government sold €100 mln worth of 13-week Treasury Bills on Monday, with the Finance Ministry’s Public Debt Management Office saying that bids were six times oversubscribed, pushing yields further down. The PDMO said that tenders for a total amount of approximately €619 mln were submitted, with a weighted average yield of 1.17%. The
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By Lukman Otunuga, Research Analyst, FXTM An impressive UK PMI of 55.5 offered a welcome boost to the Sterling bulls on Monday. With this latest PMI hitting a 16-week high, some fears were erased regarding the potential slowdown in economic momentum in the UK. Despite the astronomically low probability that the Bank of England
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Gulf giant Emirates and two leading European airlines, Lufthansa and Air France, said they were rerouting flights over the Sinai desert where the Russian Metrojet Airbus crashed on Saturday morning, killing all 224 passengers and crew on board. The airlines said they will wait for clear indication on what caused the Russian Airbus A321
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The Greek parliament approved legislation on Saturday that will pave the for a €14.4 bln recapitalisation plan of its banks, admittedly far less than the €25 bln that the international lenders had set aside to bail out the loan-riddled institutions. The decision follows the European Central Bank “stress tests” that noted the shortfall based on
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