By Jameel Ahmad, Chief Market Analyst at FXTM The GBPUSD managed to continue building on its momentum from the unexpected “risk on” sentiment seen late Tuesday evening, with the pair advancing to 1.5250. A major contributor behind the advance yesterday was the UK Services PMI coming in higher than expected, with investors pleased to find
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. By Oren Laurent President, Banc De Binary Apple’s story is the corporate realisation of the American dream. When university dropouts, Wozniak and Jobs, partnered up in the 70s to sell hundreds of machines to a local computer store, it was an impressive feat. In 1998, after Apple had become a recognised brand, Microsoft’s Bill
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Uncertainty over the controversial foreclosures law and the insolvency framework is discouraging foreign direct investors who intended to pump money into projects in Cyprus, investor groups told the House Trade Committee on Tuesday. The foreclosures bill remained in limbo after opposition parties in parliament voted to keep the present package suspended, jeopardising a calm review
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* But high public debt remains a constraint, NPLs at 25% of loans * Ireland's (Baa1, stable) economy is recovering at a reasonably strong pace now, and its fiscal performance has also been improving over the past several years, according to Moody’s, adding that key rating constraints are the high public debt level as well
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. Marcuard's Market update by GaveKal Dragonomics Three months ago to the day, the US Federal Reserve ended its outright purchases of treasuries. Three months before that, the ECB instituted negative interest rates. And whether by coincidence or causation, most commodity prices chose the past six months to unravel. The combination of these events has
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Per capita income in purchasing power parities (PPP) was € 23,600 in 2013, the Ministry of Finance said in an announcement. According to Eurostat’s revised data for National Accounts, GDP per capita of Cyprus in purchasing power terms in 2013 amounted to €23,600, or 89% of the EU28 average and 83% of the Eurozone average.
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The government accepted bids worth 125 mln euros for its 13-week Treasury Bills during an auction on Tuesday, with an average yield of 2.96%. The Public Debt Management Office at the Ministry of Finance said that the auction was oversubscribed 1.67 times as it had received a total of 209 mln euros of bids, of
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New data released on Wednesday to mark World Cancer Day 2015 projects that an $18 bln increase in funding per year by the international community could see a 30% drop in cancer deaths in (low- and middle-income countries) LMICs by 2030. Public health experts from the Union for International Cancer Control (UICC) said that 3
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2015 will be a challenging year for Germany's life insurance industry as insurers grapple with lower profitability on the back of record-low interest rates and quantitative easing, as well as additional headwinds from regulatory changes, according to Moody's Investors Service that maintains a negative outlook for the life sector. For the property & casualty (P&C)
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Hellenic Bank, the recently recapitalised lender that boasts Daniel Loeb’s Third Point Hellenic Recovery Fund and online game developers Wargaming.net among its major shareholders, has decided to proceed with a 50:1 reverse stock split, reducing the number of shares listed on the Cyprus Stock Exchange from 9.4 bln shares to 187 mln. Traditionally the island’s
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