. By Oren Laurent President, Banc De Binary After three decades of U.S. sanctions on Iran, you could be forgiven for thinking that the new bout of sanctions is hardly news worthy. Yet the latest list of 25 targeted firms and individuals is important; it is as much an attempt to halt Iran’s nuclear programme
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. Marcuard's Market update by GaveKal Dragonomics Europe’s political leaders may be talking about fresh sanctions on Moscow, but the continent’s remaining economic optimists are fast capitulating in the face of Russian aggression in eastern Ukraine. Both the European Commission’s eurozone economic confidence survey and the INSEE French business confidence survey, released late last week,
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. ANALYSIS The first round of the new review of Greece’s Economic Adjustment ProgramME (EAP) kickED off in Paris on Tuesday and will last until Thursday. The IMF spokesman has recently clarified that the aim of these meetings is to “discuss the way forward on the forthcoming review and is expected to be followed by
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Small companies in Cyprus – and in the rest of Europe – will benefit from the international trade agreements the EU is currently negotiating, the Spokesman of the European Commissioner for Trade has told CNA. European Commissioner for Trade, Karel De Gucht, will pay Cyprus a visit this week, during which he will be received
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By Jameel Ahmad, Chief Market Analyst at FXTM The Aussie continued to weaken yesterday, after the previous evening’s monetary policy statement from the Reserve Bank of Australia (RBA) expressed that an overvalued currency was hindering Australia’s transition away from mining investment. The AUDUSD concluded trading at 0.9272, the lowest close since 12th August. Since then,
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DHL is now an official platinum partner and the new international logistics and eCommerce full-service partner of FC Bayern Munich. The six-year agreement running until 2020 was announced at the Allianz Arena in Munich. As logistics partner, DHL has been ensuring for years that FC Bayern Munich merchandise is reliably passed on to fans. The
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Moody`s placed on Tuesday the Ca long-term deposit ratings of Bank of Cyprus on review for upgrade. According to a relevant announcement, the move reflects the successful completion of the bank`s capital increase by 1 billion euros, which “significantly strengthens the bank`s capital buffers and improves its funding and liquidity profile”. The review will focus
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While the Aussie takes a hit By Jameel Ahmad, Chief Market Analyst at FXTM The EURUSD recorded another yearly low yesterday (1.3118) with a combination of tensions in Eastern Europe heightening the possibility of further economic sanctions on Russia, alongside anxiety over EU inflation levels nearing a five-year low weighing on the Euro. Today, there
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Aegean Airlines, the Greek airline that has been short-listed to buy the government’s majority stake in Cyprus Airways, saw its first half after-tax earnings more than double from €6.9 mln in 2013 to €16 mln this year, while group consolidated revenue increased by 8% to €388.6 mln. The airline said its improved financials resulted from
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The appointment of Poland’s Donald Tusk and Italy’s Federica Mogherini to the EU’s two key posts on Saturday, spells the tough balancing act that new Commission leader Jean-Claude Juncker will be tasked with in the face of a split over the level of sanctions to be imposed on Russia. With the key posts out of
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