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Hong Kong Stocks Surge to Four-Month High Amid Stimulus Rally, Developers Slip on New World Trading Halt
Hong Kong stocks continued their upward trajectory for the third consecutive day, hitting a fresh four-month high, driven by ongoing...
Sep 26, 20242 min read


Macau and Hong Kong Move Closer to Launching Digital Currencies
Macau and Hong Kong's monetary authorities have announced significant developments in their efforts to introduce digital currencies in...
Sep 24, 20241 min read


Hong Kong Banks Cut Prime Rates for First Time in Five Years Amid Lower Funding Costs
HSBC and Bank of China (Hong Kong) have reduced their prime lending rates by a quarter percentage point, marking the first rate cut among...
Sep 20, 20242 min read


Bank of Cyprus Shares Approved for Listing on Athens Stock Exchange
The necessary conditions for the listing of Bank of Cyprus shares on the Athens Stock Exchange (ATHEX) have been fulfilled, as announced...
Sep 20, 20242 min read


Fitch Upgrades Hellenic Bank’s Shareholder Support Rating to 'bb' Following Eurobank Stake Increase
Fitch Ratings has upgraded the Shareholder Support Rating (SSR) of Hellenic Bank Public Company Limited (Hellenic Bank) from “bb-” to...
Sep 17, 20242 min read


European Commission Vows to ‘Bring Structure to Chaos’ with Transfer Pricing Directive
The European Commission has committed to supporting businesses and simplifying tax processes through its newly introduced transfer...
Sep 13, 20242 min read


Government Employment in Cyprus Sees 3.9% Growth in 2024
Government employment in Cyprus has experienced a 3.9 per cent rise during the first eight months of 2024, compared to the same period...
Sep 13, 20242 min read


Hellenic Bank Raises €100 Million in Oversubscribed Bond Issuance
Hellenic Bank has successfully completed a €100 million Senior Preferred bond issuance under its €1.5 billion Euro Medium-Term Note...
Sep 12, 20242 min read


CySEC Launches Campaign to Warn Investors of Increasing Online Scams
The Cyprus Securities and Exchange Commission (CySEC) has announced the launch of a new social media campaign, aiming to protect...
Sep 10, 20242 min read


European Fund Classification System Expands to Cover 180,000 Fund Share Classes
The European Fund Classification (EFC) system, a pan-European standard managed by the European Fund and Asset Management Association...
Sep 9, 20242 min read


Top 5 European Cities Millionaires Prefer for Relocation in 2024
A recent European Lifestyle Report reveals that around 83% of individuals earning over $1 million who are contemplating moving to another...
Sep 9, 20242 min read


Cyprus Administrative and Real Estate Services Lead Q2 Growth, Real Estate Rises 10.5%
Administrative, support, and real estate services in Cyprus performed strongly in the second quarter of 2024, according to the latest...
Sep 6, 20242 min read


Cyprus Development Expenses Hit 29% of Budget by End of July
The implementation rate of development expenses from Cyprus’ state budget reached 29 per cent by the end of July, according to a report...
Sep 5, 20244 min read


Italian Supreme Court Ruling Sets Precedent in Transfer Pricing Disputes
In a landmark decision, the Italian Supreme Court of Cassation has overturned a long-standing position of the Italian tax authorities,...
Sep 2, 20243 min read


Cyprus Aims to Reduce Public Debt Below 60% of GDP by 2026 Amid Economic Challenges
Economists have raised concerns about the feasibility of achieving a debt ratio of 50% of GDP, warning that this target is difficult to...
Aug 30, 20243 min read


PwC Australia Faces Further Scrutiny Over Tax Leaks Scandal in Parliamentary Inquiry
PwC Australia has responded to over a dozen questions posed by a parliamentary committee concerning its involvement in a tax leaks...
Aug 29, 20243 min read


Eurobank Proposes New Board Structure for Hellenic Bank Ahead of General Assembly
Eurobank has revealed the new board members it plans to propose for Hellenic Bank in the lead-up to the general assembly scheduled for...
Aug 26, 20242 min read


Republic of Cyprus to Issue New Three-Month Government Bills on August 26
The Republic of Cyprus is set to issue a new round of government bills on Monday, August 26, with the bills having a three-month duration...
Aug 23, 20241 min read


Xiaomi and AIA Lead Rebound in Hong Kong Stocks as Tech Sector Recovers
Hong Kong stocks rebounded on Thursday, snapping a two-day losing streak, with Xiaomi and AIA driving gains on the back of strong...
Aug 23, 20242 min read


Cyprus Banks Significantly Reduce Eurosystem Borrowing Following €2.6 Billion in TLTRO Repayments
Cypriot banks have nearly eliminated their borrowing from the Eurosystem through the Targeted Longer-Term Refinancing Operations...
Aug 22, 20242 min read
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