. By Oren Laurent President, Banc De Binary The Euro rose to a five-year high against the yen on Friday, reaching 139.70, its strongest since the aftermath of the collapse of Lehman Brothers and the global financial crisis in 2008. What does this reveal about the status and recovery of the Eurozone? Can we expect
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. Marcuard's Market update by GaveKal Research The good news is that the Black Friday shopping scrum in the US passed with minimal casualties caused from stampedes, only scattered gunshot incidents and no reported shopper-on-shopper pepper-spray attacks. The bad news for traditional retailers, at least, is that overall sales were down by -2.9% compared to
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The Cooperative Credit Institutions in Cyprus will operate as a unified banking group, President of the Central Cooperative Bank (CCB) Committee Nicolas Hadjiyiannis has said. Along with the island`s banking system, Cyprus Coops came at the brink of collapse last March when the government agreed with the Troika (European Commission, European Central Bank and the
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A Central Bank of Cyprus (CBC) directive to credit institutions issued last September on the management of arrears aimed, inter alia, to achieve a fair restructuring of loans to viable borrowers (individuals and businesses) experiencing financial difficulties and who cannot meet their contractual obligations. The CBC clarified on Tuesday that “under this directive banks are
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The new lending criteria could possibly shock borrowers, President of the Association of Cyprus Banks, Marios Clerides, has said. The introduction of new lending criteria is included in the Memorandum signed with the international lenders -ECB, IMF and European Commission- Clerides said on Tuesday, adding that these criteria will be put in place as soon
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Cyprus slipped to the 31st position in the Corruption Perceptions Index 2013 published Tuesday by Transparency International. According to the Index Cyprus, received 63 points and ranked 31st among 177 countries. Cyprus was 29th in the 2012 CPI, 30th in 2011, 28th in 2010 and 27th in 2009. Among the 31 European countries that took
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Cyprus and India held a series of consultations recently on issues concerning exchange of information and taxation. According to an official press release, between 26th and 28th of November 2013 consultations took place in New Delhi, between Cyprus and India aimed at addressing the issues of (i) an effective exchange of information between Cyprus and
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With the world's population expected to rise to nine billion by 2050, European regulators are pushing for a gradually greener approach to food sustainability, warning that demand for food could cause a number of related crises, such as runaway carbon emissions, waste and obesity. Historically, Europe has largely responded to rising domestic food demand by
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The Council of the European Union adopted Monday the regulation laying down the EU`s multiannual financial framework (MFF) for 2014-2020. Total financing for Cyprus will reach one billion euro, while 200 million euro will be given for the support of the Cyprus economy outside the MFF framework. Cyprus will receive 525 million euro from the
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The Cypriot film “Dinner with my sisters”, directed by Michael Hapeshis, presented in the Annual International Film Festival of the EU in Toronto, which concluded on November 27, 2013. According to an official announcement, the film was characterized as a modern and high-quality product with interesting plot. The film is a contemporary psychological drama of
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