The Church of Cyprus recently found a 16th century icon from a Turkish occupied monastery up for sale at an auction house in Zurich. It is an icon depicting Christ belonging to the Monastery of Christ Antifonitis in the occupied village of Kalograia, a Church of Cyprus press release says. The icon was going to
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Barcelona won their opening Champions League game but that was no more than could be expected. Indeed, it was less than most expected and they could have got less still. In the very last minute German goalkeeper Marc-André ter Stegen, one of three players making his competitive debut for the club, made a save that
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. Marcuard's Market update by GaveKal Dragonomics When Michael Milken invented junk bonds in the early 1980s, few foresaw that his new market would change the way companies financed themselves. Nor did they think it would alter how businesses looked at their cost of capital, trigger an M&A boom, midwife the birth of the private
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* Interesting opportunities for Cyprus * The probability of the United Kingdom breaking apart appears to be at least 50%, with David Cameron expected to be blamed for the outcome either way and the forces calling for a ‘Brexit’ getting louder from now until the next general elections less than nine months away. Of interest
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* Supreme Court hears House objections * The Troika of international lenders will simplify procedures for the disbursement of the sixth tranche of the financial assistance package, estimated at 436 mln euros, after the authorities failed to meet the preconditions for the next disbursement by passing a new bill on foreclosures. However, parliament approved a
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On 18 September, Scottish voters will be able to vote in a referendum on independence from the UK (Aa1 stable), but the evolution of the polling has led to heightened market volatility, Moody’s Investor Service said. Uncertainty over the outcome has also prompted intensified interest from the customers, depositors and creditors of banks exposed to
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The Council of Ministers has tasked Finance Minister Harris Georgiades to reconsider an earlier decision to tax the retirement bonus of civil servants and discuss the matter with stakeholders, government spokesman Nikos Christodoulides said after Tuesday’s Cabinet meeting. Public sector trade unions declared a 24-hour strike on Friday to protest further cuts in salaries and
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* Bond yields edge lower after rating upgrade * S&P Dow Jones will move Greek stocks into its emerging indexes on Monday while formally removing Qatar and the United Arab Emirates from frontier indexes and upgrading them to emerging markets, after similar moves by rival index provider MSCI. "This year's major changes to the S&P
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. By Oren Laurent President, Banc De Binary California-based Netflix (Nasdaq: NFLX) has cracked the U.S. home front and has launched successfully in Europe’s English speaking regions. Now, for the next step in its international expansion, the streaming site is pushing further into Europe and seeks to win over audiences in France, Germany, Austria, Belgium,
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The basic facts leading to the suspension of operations at FBME Card Services are well known: Just before 11 pm on 21 July 2014, the Central Bank of Cyprus citing the FinCEN notices of 17 July, invoked the Resolution Decree against the Cyprus branch of FBME. This resulted in the “straightjacket ban” on all FBME
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