. 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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By Lukman Otunuga, Research Analyst, FXTM Despite the positive gains from WTI and the other major markets which concluded last week, China shares have declined again with the benchmark Shanghai Composite Index closing another 0.8% lower. The losses in China overnight have been felt across the board with the Nikkei 225 closing in the red
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The four main publicly-traded companies comprising the Shacolas Group reported reduced earnings in the first half of 2015, “due to low purchasing power of the consumers caused by the prolonged unemployment and the reduced household income,” that have impacted the retail operations, including its share in airports management. The Group’s flagship company, Cyprus Trading Corp
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By Lukman Otunuga, Research Analyst, FXTM WTI crude surged with a new lease of vitality on the last trading week of August, surpassing technical resistance above $42.50 and concluding the week gaining $11. This was the strongest gain for over four years and the surge rippled across not only the FX markets, but the equities
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Limassol-based RCB Bank, one of four systemic banks in Cyprus that passed the ECB stress tests last October with flying colours, has opened a new branch in Nicosia, raising the total network to five, while it also plans to open one more soon. The new branch is located on the central Limassol Avenue at the
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By Lukman Otunuga, Research Analyst at FXTM While the CHF benefitted as a safe-haven during the financial market turmoil on Monday, the currency has since been offloaded across the board. The Swiss economy is still facing pressures with the stronger CHF following the events in January, and most participants remain bearish on the currency. The
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The monthly issue of 6-year retail bonds, the government’s alternative financing method after the economy crashed two years ago, plunged to their lowest level after the government announced a disincentive of a lower interest rate starting from the September series. The Public Debt Management Office of the Ministry of Finance said that the ninth series
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