The Ifo Business Climate Index for German trade and industry rose to 108.6 points in April from 107.9 points last month as the assessments of the current business situation once again improved considerably, the Munich-based research institute said. Optimistic assessments of the business outlook, however, were scaled back slightly, but the upswing in the German
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Implementation of the foreclosures framework in parliament last Saturday is credit positive for Cypriot banks because it lays the groundwork for large-scale loan restructurings and improves the banks’ recovery prospects, Moody’s said in a comment on Thursday. Last Saturday, the Cypriot parliament narrowly passed five bills affecting personal and corporate insolvency that implement the foreclosure
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The mergers and acquisitions (M&A) market is primed for further growth as 56% of global companies intend to acquire in the next 12 months, according to EY’s 12th Global Capital Confidence Barometer. This is the highest appetite to acquire recorded by the survey in five years, according to the biannual survey of more than 1,600
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Wargaming.net, the online gaming developer owned by Cyprus-based Wargaming Public Co., will be hosting the 2015 grand finals of the eSports league in Warsaw this weekend, with the champion taking home a slice of the $300,000 prize money. The flagship MMO (massively multiplayer online) game “World of Tanks”, launched in 2010, has 110 mln registered
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Moody's Investors Service has downgraded to Baa3/Prime-3 from Baa2/Prime-2 the deposit, issuer and senior unsecured debt ratings of three Bahraini Banks: BBK B.S.C., National Bank of Bahrain BSC, and Bahrain Development Bank B.S.C. Concurrently, Moody's downgraded the baseline credit assessments (BCAs) of BBK and National Bank of Bahrain to ba1 from baa3. These actions follow
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Action Global Communications brings over 40 years of experience in public relations and communications to the Republic of Moldova as it officially opens the doors to its own office in Chisinau. The launch marks the first international PR agency to operate within the Republic. Action Global Moldova was established in Chisinau in 2014 and is
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The government will next month launch a tender for the privatisation of commercial operations at Limassol port, Transport, Communications and Works Minister Marios Demetriades said. Demetriades began a series of contacts with the island’s political parties, to brief them on the progress of the privatisation process. “We would like the process to proceed in the
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Cyprus-based CobaltAir announced its launch later this year as a ‘NewAge’ airline that will operate regionally and throughout Europe, initially to ten destinations using a fleet of Airbus aircraft. CEO Peter Kelly, who has Qantas/Jetstar and Ansett experience, said that “we see Cyprus as being strategically positioned at the crossroads of the Middle East, Europe
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Ten-year bond yields dropped on Monday to 3.83% from 4.01%, close to the all time low of 3.81% recorded in August 2010, in the wake of the approval of the insolvency framework on Saturday, paving the way for the country to tap into international markets. The 5-year bond yield dropped to 3.79%. Excluded from the
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. By Oren Laurent President, Banc De Binary Many analysts are now talking about the world’s next big trend, the imminent mobile payments revolution that will reinvent how we shop and spend money. News flash: it is already well under way. Last earnings season, Starbucks announced that 16% of its revenue comes from mobile payments;
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