Daily Report By Jameel Ahmad, Chief Market Analyst at FXTM The Asian session today mainly focused on the rumours that Japanese Prime Minister Shinzo Abe is considering a snap election and also deliberating as to whether to postpone or cancel altogether the rumoured sales tax increase for next year. Due to the lack of clarity
More
The government has put on hold the final stage of selecting a successful bidder among Aegean Airlines and Ryanair to take over troubled national carrier Cyprus Airways, as the Finance Minister has said that securing European Commission approval for nearly 100 mln euros in past state aid as “highly unlikely.” Haris Georgiades told the House
More
Emirates is offering special fares in Economy Class to six selected destinations for leisure and business passengers in Cyprus. Emirates return Economy Class fares start from as low as EUR 385 for travel to Bangkok, China’s Beijing and Shanghai from EUR 400, while fares to Quanzhou – the largest city of Fujian Province – start
More
. By Oren Laurent President, Banc De Binary Two years on, and Abenomics is still going strong. The latest news from Japan proves that Prime Minister Shinzo Abe is sticking to his strategy to boost and reboot the Japanese economy with a series of monetary, fiscal, and structural policies. Defiant of critics, Abe’s government is
More
. Marcuard's Market update by GaveKal Dragonomics After years of frustration, months of speculation and repeated assertions that ‘there is no firm timetable,’ the world’s biggest inaccessible stock market is finally opening up to foreign investment. From Monday, the Shanghai-Hong Kong Stock Connect programme will allow international investors to buy and sell around 560 of
More
Moody’s says US growth is likely to accelerate as pent-up consumer and investment demand is realised Global GDP growth is unlikely to rebound significantly in the next two years, as a gradual slowdown in the Chinese economy and structural impediments in the euro area, Brazil and South Africa continue to weigh on economic activity, Moody's
More
October’s statistical data have forced the Association of Greek Tourism Enterprises (SETE) to once again revise this year's predictions regarding tourist arrivals, according to the GreekReporter website. SETE said that the number of international arrivals is expected to reach 20.5 mln, a significant increase compared to the 19.5 mln arrivals, which was the previous estimate,
More
Two lucky winners from Pella, Macedonia, and Corinth, Peloponnese shared last week’s near-record Joker prize of 18.4 mln euros, the second biggest payout ever by the recently privatised OPAP gaming giant. Nearly 5 mln punters in Greece and Cyprus challenged their luck after 15 consecutive jackpots since September 11 and the total amount placed in
More
Ancoria Insurance, a Cyprus-based life insurer since 1987, is launching a banking subsidiary that will deal primarily with retail and small to medium sized (SME) financing. Ancoria Bank has just been issued a banking license by the Central Bank of Cyprus and is expected to start its operations next year with two branches, one in
More
Akis Zambartas, the driving force behind the establishment of Zambartas Wineries in 2006, has died aged 67. After a long career in the wine business, as Managing Director of KEO for 8 years and previously its chief winemaker for 25 years, Akis decided to follow his dream and build his own boutique winery in order
More