By Craig Erlam Eurozone economic indicators on Thursday have been something of a mixed bag, although traders seem enthused on the back of them, rather than disappointed. We’ve seen regional data over the past days which gave some indication of how the HICP report would look and a drop in the core reading in line
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Israel’s Prime Minister Benjamin Netanyahu will arrive on Sunday for the rescheduled Cyprus-Greece-Israel trilateral meeting in Nicosia, postponed in July as the Israeli Premier underwent urgent heart surgery. Netanyahu will meet President Nikos Christodoulides on Sunday before joining Greek Prime Minister Minister Kyriacos Mitsotakis for the trilateral summit on Monday. It symbolises how the three
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By Craig Erlam The recovery in equity markets stalled on Wednesday as traders eyed the big economic releases in the week. The ADP and revised GDP numbers may attract some attention, but they were never likely to have too great an impact. The ADP report has long been ignored as a reliable precursor to the
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On September 8, UK UN troops deployed on Op TOSCA serving with UNFICYP will undertake 24 workouts in 24 hours to raise funds for Nicosia Dog Shelter. Troops in the Household Cavalry currently deployed in Cyprus volunteer at the shelter during their spare time. Next week, they are coming together to organise a special event
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During an upward trend in property sales, the Real Estate Agents Registration Council highlighted the Larnaca district’s remarkable performance in the first half of 2023. According to data from the Land Registry cited by the Council, Larnaca recorded a significant performance in the first six months for houses, apartments, plots, and fields, surpassing the Paphos
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Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank. The deal is valued at €65.9 mln, equivalent to €2.35 per share. Eurobank Cyprus, the local subsidiary of Greece’s Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender. Provident
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EU regulators have recommended authorising an updated COVID-19 vaccine from Pfizer and its German partner BioNTech, which targets the dominant XBB.1.5 variant of Omicron, putting it on track to become their third adapted shot to be approved in the bloc. The vaccine, dubbed Comirnaty, prevents COVID-19 in adults and children with dosage dependent on previous
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Bitcoin exchange-traded funds are “an inevitability”, which will send the price of the cryptocurrency soaring, predicted the CEO of a leading independent financial advisory and fintech. The bullish assessment from deVere Group CEO and long-time crypto advocate Nigel Green, followed the US Court of Appeals siding with Grayscale in a lawsuit against the Securities and
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The government’s primary concern is public safety and implementing Cabinet decisions, particularly in Chlorakas, where clashes erupted between locals and migrants, government spokesperson Konstantinos Letymbiotis said Wednesday. In statements after the Cabinet meeting, chaired by President Nikos Christodoulides, Letymbiotis said there was a strong police presence in Chloraka, pledging “we will do our utmost to safeguard public
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Hellenic Bank’s annual profit after tax for the first half of 2023 is €160.2 mln, up by 203%, with net interest income increasing by 77%. In statements about the financial results for the six months ending June 30, Antonis Rouvas, the Group’s Interim Chief Executive Officer, said the increase is driven by higher interest income from Central Bank
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