. By Oren Laurent President, Banc De Binary On Friday, July 10, global stock markets from New York to London, Hong Kong and Shanghai rallied on the back of news that Greece is making serious concessions to come to an agreement with European creditors. This follows the July 5 referendum which sent markets into a
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. Marcuard’s Market update by GaveKal Dragonomics After days of intense Greek psychodrama, with Francois Hollande playing the good cop and Angela Merkel the bad, Europe has once again served up a compromise. The deal reached on Monday imposes on Greece an even tougher plan than the one rejected by its people ten days ago.
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My Mall Limassol has increased its store portfolio with Camaïeu. The French brand's stores, with their charmingly welcoming boutiques, have been designed as spaces dedicated to femininity. Specialising in women’s ready-to-wear fashion, Camaïeu's collections are constantly being renewed. At Camaieu’s stores every woman can make her own combinations choosing from a wide range of clothes,
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Gulf Air announced it is slashing fares on its six weekly flights to and from Larnaca for early bird travelers booking flights this month across the airline’s Middle East and Asia network for travel in November, with return Economy fares starting from EUR 330 to Kuwait, EUR 450 to Bombay and EUR 550 to Bangkok.
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Emirates, a global connector of people and passions, and official partner of Arsenal Football Club has unveiled its first plane to feature Arsenal branding as the team fly out for the start of the club’s summer tour to Singapore this week. The Gunners arrived in style on an Emirates B777-200LR chartered aircraft that has been
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Cypriot tennis player Marcos Baghdatis has returned to the Top 50 of the ATP Rankings for the first time in nearly two years following his good performance at the All England Club at Wimbledon, defeating Donald Young and John Millman. En route to the third round, Baghdatis rose six spots to World No. 48. The
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The Public Debt Management Office (PDMO) of the Ministry of Finance said that it decided not to accept any tenders for Monday’s 30 day Treasury Bills Auction, with only €12.62 mln were submitted instead of the auction target of €50 mln. Despite the lack of appetite from investors, the weighted average yield of the bids
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After marathon meetings throughout the weekend, Eurozone leaders reached an agreement on a third bailout to save Greece from bankruptcy on Monday, but a final deal is “still weeks ahead”. The standoff also means that Alexis Tsipras stays on as Prime Minister and will probably spearhead a loose ‘national unity’ government to implement the rescue
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Bank of Cyprus CEO John Hourican, who leaves his post at the end of August after a tumultuous almost two years, has won the Euromoney Award for Excellence as ‘Banker of the Year 2015’. Having left RBS’ investment banking unit in February 2013, he was head-hunted by the then board of the Bank of Cyprus
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Nicholas Hadjiyiannis has stepped down as Chairman of the state-rescued Cooperative Central Bank and has taken up the post of the bank’s new CEO after Marios Clerides resigned on June 22, half-way through his contract. Clerides’ resignation fuelled rumours that he may have been groomed as the next Governor of the Central Bank of Cyprus,
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