Moving the oil companies’s storage facilities from the Larnaca seafront to the Vasilikio area will entail additional costs, representatives of the companies told the House Energy Committee, which convened in the presence of Energy Minister Yiorgos Lakkotrypis. The companies did not exclude the possibility of a hike in fuel prices. The Minister briefed the committee
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The lifting of nuclear-related trade and financial sanctions on Iran, should it materialise, would be credit positive for the country’s banks, Moody’s Investors Service said in a report on Wednesday. According to the rating agency, increased trade and investment could boost growth in Iran’s banking sector and support asset quality of domestic banks, although such
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By Lukman Otunuga, Research Analyst, FXTM Confusion rippled through the markets on Friday after an unimpressive headline NFP figure inspired USD strength. Due to the unclear Federal Reserve interest rate expectations, the USD continues to trade with sensitivity and any positive news from the US economy could instill a bullish rally. Although the headline NFP
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The economies of the eastern federal states will lag behind those of the western states in the years to come, as “everything suggests that eastern Germany will not be able to catch up over the next 25 years”, said Joachim Ragnitz, deputy head of the Ifo Dresden office to mark a quarter century of German
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Egypt and Israel sent two new diplomats to Cyprus on Friday, just as the three neighbours are upping the ante in their energy, trade and security relations. Cairo’s Ambassador Hussein Abdelkarim Tantawy Mubarak presented his credentials, a day after President Anastasiades and Abdel Fattah El Sisi had a telephone conversation to discuss energy cooperation, despite
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. By Oren Laurent President, Banc De Binary Investors remain on the back foot as ailing equities markets around the world continue to cause uncertainty with fund managers. Friday, August 21 and Monday, August 24 hit global bourses incredibly hard, but by Tuesday, August 25, European markets erased much of the losses and U.S. markets
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. It is strange how everybody has only now jumped onto the ‘migrant’ bandwagon, calling for “something to be done”, when the problem had been staring us in the face for the past many years. As the ability to accommodate ten times more economic refugees than ever before, the humanitarian support systems have failed, while
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The Cooperative Central Bank reported a net profit EUR 46.7 mln in the first six months of the year, down from EUR 85.6 mln in the same period of 2014, due mainly to a drop in net interest income to EUR 166.7 mln compared to EUR 203.5 mln in the first half of 2014. The
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Alpha Bank Cyprus Ltd, a wholly owned subsidiary of the Greek bank, said it reduced its after tax loss of EUR 15.1 mln in the first half of the year compared to a net loss of EUR 31.7 mln in the same period last year. The drop in net losses resulted from a 52% drop
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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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