Market prices for the benchmark Brent held above $48 on Tuesday after the Secretary General of the OPEC cartel said that crude prices may have bottomed. Abdullah al-Badri of the Vienna-based Organisation of Petroleum Exporting Countries issued a warning shot on Monday that future prices for black gold could even jump to $200 a barrel
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By Jameel Ahmad, Chief Market Analyst at FXTM After the EURUSD collapsed to yet another 11-year low at 1.1097 following the outcome of the general election in Greece, the Euro bulls managed to recover lost ground against the USD on Monday with the pair advancing as high as 1.1290. Reports regarding the Syriza party wanting
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An award ceremony for the 2014 European Citizen's Prize in honour of the Turkish Cypriot journalist Sevgül UludaÄŸ and the Greek Cypriot poet Mihalis Hristofidis will be organised by the European Parliament Office in Cyprus on Friday, 30 January 2015 at 11 am, at the EU House. The ceremony includes a brief introduction to the
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Βy Jameel Ahmad, Chief Market Analyst at FXTM The EURUSD is continuing to show nothing but one-way traffic sending its price lower, with it also appearing to look like there is no U-turn in sight anytime soon. The Eurodollar recorded yet another 11-year low at 1.1097 overnight, following the anti-austerity Syriza party winning the Greek
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Looking ahead to another busy summer for holidaymakers, British Airways has announced its ‘Summer 2015’ flight schedule from London Heathrow Terminal 5 to Larnaca, with an increase in the number of flights from 7 to 13 per week. As part of its new pricing structure, BA is offering attractive rates on its economy fares, with
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Βy Jameel Ahmad, Chief Market Analyst at FXTM The Euro recorded milestone lows against both the USD and GBP overnight, following the European Central Bank (ECB) finally presenting the long-awaited QE card from its stimulus package. In the aftermath of the markets getting to grips with the fact that ECB QE has finally arrived after
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. By Oren Laurent President, Banc De Binary America isn’t famed for its forgiving foreign policy: the global superpower can afford to pick its friends and sanction its enemies. Yet, they say that all things in life must at some stage come to an end. Since 1961, Cuba has been closed off to the American
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Cyprus Energy and Trade Minister Yiorgos Lakkotrypis said on Thursday that the government is still in discussion with Total about the French energy giant’s exploration plans, but offering them gasfields other than the ones they are licensed “is a distant prospect.” News reports on Wednesday said that Total is considering abandoning its Cyprus offshore exploration
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Pancyprian Insurance, a member of the Hellenic Group, has been voted the most reliable of the general insurance companies for motor insurance, particularly for domestic households. A nationwide survey undertaken by RAI on behalf of the Stockwatch website found that people see Pancyprian as the most reliable in the motor insurance sector, giving them the
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Demand for 6-year Cyprus government retail bonds dropped to €9.4 mln this month, down from the record €36.7 mln in December, with most of the interest continuing to come from foreign investors. The February 2015 issue that carries a staggered interest rate that averages 4% over six years, has so far raised just under €110
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