Despite the anticipated recovery in Ireland over the next few years, high levels of non-performing loans (NPLs), limited credit availability and household deleveraging will restrain the pace of growth, Moody's Investors Service said in a new report published on Wednesday. The rating agency said that the rise of domestic demand and consumer confidence will propel
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. Marcuard's Market update by GaveKal Dragonomics By Nick Andrews Over the last three months, the pound has ranked as the world’s best performing major currency. Supported by the relatively strong growth of the UK economy — GDP grew at 3% year-on-year in the first quarter — a buoyant property market, and hints from Bank
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. By Oren Laurent President, Banc De Binary Ladies and gentlemen, we have just entered Earnings Season. Welcome to a couple of weeks of market frenzy whereby huge corporations will reveal their sales and earnings figures, and investors will stand at the ready to buy and sell stocks accordingly. As a general rule, surprises, whether
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The government has decided to go ahead with the immediate privatisation of national carrier Cyprus Airways (CAIR) by inviting expressions of interest from strategic investors for its controlling stake in the troubled airline. Chairman Tony Antoniou said Wednesday that “we expect to have expressions of interest within a week with prospective investors expected to submit
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. Larnacans face a dilemma – do they want real growth that will transform the town from a backwater airport host to a bustling business centre, or are they content with the slow pace of events where a mass wedding of tourists seemed like the cultural highlight of the year? It makes one wonder why
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Cyprus President Nicos Anastasiades will discuss on Wednesday issues concerning the Cypriot financial sector with the President of the European Central Bank Mario Draghi in Frankfurt. The President will be accompanied by the Under Secretary to the President Constantinos Petrides, the Minister of Finance Harris Georgiades and the Governor of the Central Bank Chrystalla Georghadji.
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A delegation of Cyprus' international lenders (Troika) continues on Wednesday its contacts with stakeholders on the island in the framework of the fifth assessment of the country's economy. Troika technocrats are meeting this morning representatives of the Cyprus Bar Association, the chairman of the Board of Directors of Cyprus Airways Tony Antoniou at the Directorate
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* NFC London marks 40 years of Turkish invasion of Cyprus * Ankara holds the key to the solution of the Cyprus problem, the outcome of which would have tremendous long-term benefits to the Turkish people and to Turkish Cypriots, Energy and Trade Minister Giorgos Lakkotrypis said at the annual rally held by the National
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By Jameel Ahmad, Chief Market Analyst at FXTM Just when it appeared like the GBPUSD bulls were taking a siesta, a ringing alarm bell sent the bulls back out again in full force. It was announced that In June, UK CPI (Inflation) accelerated to an annualised 1.9%.This is the UK’s highest CPI reading since January
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Cyprus international lenders, the Troika (EC, ECB and IMF), begins on July15 its fifth evaluation of the country’s economic adjustment program. Troika`s delegation arrives in Cyprus on Monday, July 14th, and on Tuesday begins its meetings with Cyprus officials. According to CNA sources, the head of international lender`s will have a meeting with the Finance
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