By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia traded cautiously on Tuesday, following a negative close on Wall Street overnight as growth concerns, inflation worries and geopolitical tensions hit risk sentiment. European markets opened lower Tuesday morning due to the deepening crisis in Ukraine, with the caution likely to find its way
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Nicosia is satisfied that Russia has refuted reports as ‘untrue’ it is establishing a consulate in the Turkish occupied north of the island. Russian ambassador Stanislav Osadchiy issued a statement denying the rumours in the Greek media but said the embassy was looking to assist Russian nationals living in the north. “Within the scope of
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As authorities contemplate lifting the remaining measures, Cyprus is on the path back to normality as it may put an end to all COVID restrictions after the Easter holidays. Scientists advising the government on the coronavirus outbreak will meet Health Minister Michalis Hadjipantela on Tuesday to present their take on the island’s road map to
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Cyprus’ frozen conflict is providing fertile ground for human traffickers with cases at “alarming” levels in the EU member state, and the breakaway north considered as bad as Afghanistan. “I love her, but at the same time she reminds me about my past,” said one Cameroonian trafficking survivor, referring to her young daughter. “There was
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By Jeffrey Halley The ‘who can be the most hawkish Fed President’ quiz continued overnight as James Bullard came out swinging, suggesting that Fed Funds may need to rise to a “neutral” rate of 3.50%, suggesting a 0.75% rate hike wasn’t out of the question. The impact of his statements was minimal as it likely
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All COVID-19 restrictions at the crossing points were lifted from 9 am on Tuesday, the United Nations said. The move follows a decision taken by the bicommunal Technical Committee on Health after assessing the epidemiological situation on both sides of the divide. This means that people wanting to cross from one side to the either
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The government will inject €40 mln into revamping Nicosia’s old town within the walls, with schemes to upgrade residents’ quality of life and attract new businesses. Presenting the Action Plan for the old town of Nicosia on Monday, President Nicos Anastasiades said, in addition to the educational and business incentives, it also addressed young couples
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A 74-year-old Briton accused of murdering his terminally ill wife had his Cyprus trial adjourned until June after his defence lawyers said they did not have access to forensic evidence. His defence lawyers called for an adjournment to proceedings as they had not received all the evidence submitted to the court, such as the medical
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By Hussein Sayed, Chief Market Strategist at Exinity Following a shorter trading week in which equities declined, commodity prices shot up and US 10-year Treasury yields hit a new three-year high, US equity futures are pointing to further selling pressure on Monday. Recession fears led the US 2-year/10-year yield curve to invert earlier this month
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Nicosia will reveal next week the preferred bidder to operate the Cyprus-Greece passenger ferry, 22 years after it was abandoned, with the line expected to start as early as June. The Shipping Deputy Ministry (SDM) announced Monday that the tender review process among the three finalist bidders has been completed and the preferred bidder is
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