The Cyprus Stock Exchange (CSE) and GXG Markets (GXG) have struck a deal to promote dual and parallel listings on the GXG Main Quote Market and the ECM Market of the CSE, an agreement that is expected to boost liquidity for the cash-starved Cyprus bourse following the banking fallout in 2013 and the Troika bailout.
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An increase in mortgage lending in Spain (Baa2, positive) over the last year could help the housing market to recover in 2015, Moody's Investors Service said in a sector comment. Rising mortgage origination will likely improve the demand for housing, which in turn could help lift house prices, the rating agency added. "Historically, there has
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The German economy is experiencing a strong upturn driven by unexpected expansive impulses, especially the falling oil price and the sharp depreciation of the euro, according to the joint economic forecast released by the Ifo Institut. Gross domestic product is expected to increase by 2.1% this year. The 68% projection interval ranges from 1.1% to
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Facing debt service obligations totalling more than USD8 bln over the remainder of 2015 alone, Ukraine's (Ca negative) external liquidity situation is likely to remain precarious for the foreseeable future, Moody's Investors Service said in its updated Ukraine Credit Analysis. The expected restructuring of most of the government's outstanding Eurobonds will constitute a distressed exchange,
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Europe's growing economy and the rising influx of tourists could strengthen the credit quality of European hotel companies, as the resulting boost to occupancy and average daily rates looks set to push margins beyond pre-crisis levels, Moody's Investors Service said in a report. "European hotel margins rediscovered their 2007 peak last year and look set
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By Jameel Ahmad, Chief Market Analyst at FXTM As we enter the second quarter of 2015, the USD will be vulnerable to sudden downside risks if economic data eases back pressure on the Federal Reserve to begin raising interest rates, while further weak retail sales figures on Tuesday afternoon presented an opportunity for traders to
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* 52 papers to be presented in 15 sessions in Larnaca * The Spring 2015 Multinational Finance Society (MFS) conference will be held in Larnaca this weekend under the auspices of the Cooperative Central Bank with special emphasis this year on banking and shipping. “The conference aims to expand the academic and practical contributions of
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The Cyprus Geological Survey reported a mild tremor of 5.6 on the Richter scale at 11.25am on Wednesday off the coast of Paphos, which was felt throughout Cyprus. The epicentre of the seismic activity was 3kms west of Kissonerga and 8kms northwest of Paphos at a depth of 25 kilometres. The CGS report said that
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. By Oren Laurent President, Banc De Binary The internet is wholly confused about the current deal on the table with Iran. It’s no wonder. You may expect a range of opinions on such a controversial topic, but the bizarre reality is that Obama, McCain and Ayatollah Khamenei have all described the raw content of
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The IMF World Economic Outlook for 2015, released on Tuesday, foresees a 0.2% GDP growth for Cyprus this year and 1.4% in 2016. The report, which was presented by the IMF’s top adviser Olivier Blanchard, comes before the Spring Meetings of the World Bank Group and the International Monetary Fund, in Washington DC, which will
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