By Jameel Ahmad, Chief Market Analyst at FXTM The Dollar/Yen recorded a new seven-year high of 118.058 following the release of the FOMC Minutes which suggested the Federal Reserve will look to begin raising interest rates from the middle of 2015 onwards. The Minutes also indicated FOMC members are discussing whether to remove the “considerable
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. Marcuard's Market update by GaveKal Dragonomics Japan’s woeful third quarter performance—the economy contracted at an annualised 1.6% rate, pushing the economy into a technical recession—has killed any remaining expectations that the government of Shinzo Abe will proceed with its original plan to raise the country’s sales tax for a second time next year to
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. By Oren Laurent President, Banc De Binary After a decade of negotiations, a free trade deal between China and Australia was finally completed in Canberra on Monday. In the coming years, both countries stand to benefit significantly from their commitment to cement and diversify business ties. For Australia, it is a landmark achievement which
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* ELA pay-down to continue; Shares to re-list on Dec. 19 * * Sweeping changes after AGM; New market cap at €2.14 bln * By noon on Thursday, the Bank of Cyprus will have a new chairman and board, determined to continue with the restructuring plan and aiming to reinstate the stock on the Cyprus
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* ‘Stable’ outlook; VTB to reduce control to 46% * Moody’s Investors Service has upgraded RCB Bank’s deposit ratings to Caa1 from Caa2 with a ‘stable’ outlook, following the rating agency’s upgrade of the Cyprus’ government bond rating to B3 from Caa3 and the subsequent raising of Moody’s deposit ceiling in Cyprus to Caa1 from
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* Georghadji admits to making her own alterations * Central Bank Governor Chrystalla Georghadji admitted during her testimony at the House Watchdog Committee that she changed the terms of her employment contract, ending weeks of speculation and allegations that resulted in most political parties demanding her resignation. But the pressure was partly set back last
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Finance Minister Haris Georghiades warned members of the House Finance Committee that any delay in implementing or blocking the economic adjustment programme with the Troika of international lenders could result in the next payment of the bailout tranche not being paid. Georghiades said that the EUR 350 mln in bailout money expected by December 15
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. In other times, when a country would remain steadily dedicated to its policies and strategies, it would be considered a stabilising factor. Cyprus, however, has very often found itself at a standstill, not least now, with the rapidly changing geopolitical situation in our area. Apart from the occasional success on the diplomatic front or
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* Over-reliance is becoming an issue * In the aftermath of the financial crisis, the Eurozone relied on Germany to push up its economic growth rate. However, in the absence of a pick-up of growth in France, Italy and the periphery, this over-reliance on Germany is starting to become an issue, according to the PwC
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The European Management Assistants (EUMA) held their 41st annual conference in Paris where more than 250 delegates, including nine from Cyprus, focused on “Maximising the E-Factor, a potential to reach professional excellence.” Invited speakers from the HR and training sectors elaborated on the subjects of “Excellence in Action – Maximising your brain for Excellence”, “Building
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