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Hellenic Bank Signs Agreement to Acquire CNP Cyprus
Cypriot lender Hellenic Bank has signed an agreement to acquire insurance provider CNP Cyprus, according to an announcement made by the...
Jul 12, 20242 min read


Cyprus’ Assets Under Management Reach €9.1 Billion — €2.4 Billion Invested Locally
The Cyprus Securities and Exchange Commission (CySEC) released its quarterly bulletin on Wednesday, revealing that the number of...
Jul 11, 20242 min read


ANZ Chief Proposes Standardising AFC Processes to Boost Pacific Banking Viability
ANZ's chief Shayne Elliott has proposed that banks in the Pacific region could potentially standardise Anti-Financial Crime (AFC)...
Jul 10, 20242 min read


AXA Considering Merger Options for Axa Investment Managers, Including Talks with BNP Paribas Asset Management
French insurer AXA is exploring various options for Axa Investment Managers, including potential merger discussions with BNP Paribas...
Jul 9, 20241 min read


Revolut Achieves Record Profit, Seeks $40 Billion Valuation Amid Regulatory Scrutiny
Revolut, the British fintech giant, reported a landmark pretax profit of £438 million ($553.81 million) for the year 2023, marking a...
Jul 8, 20242 min read


Foxconn to Invest $551 Million in Two New Projects in Vietnam's Quang Ninh Province
Foxconn, the Taipei-based supplier for Apple, plans to invest approximately $551 million in two new ventures in Vietnam’s northern...
Jul 5, 20241 min read


Economic Council Calls for EU Funding and Proposes Updates to Cyprus' Long-Term Economic Strategy
The long-term strategy for the sustainable development of the Cypriot economy, known as Vision 2035, is set for an update, according to...
Jul 3, 20243 min read


UK Court of Appeal Adopts Realistic Approach to Withholding Tax Exemption in Recent Judgment
In a recent judgment, the UK Court of Appeal has demonstrated a realistic approach to withholding tax exemption issues, marking a...
Jun 26, 20243 min read


Cyprus Attracts €9.6 Billion in Oversubscribed 7-Year Bond Issuance
The Republic of Cyprus has successfully garnered offers totalling €9.6 billion from international markets for its newly issued 7-year...
Jun 20, 20241 min read


Central Bank of Cyprus Revises 2024 GDP Growth Forecast Amid Economic Optimism
This week, the Central Bank of Cyprus (CBC) adjusted its GDP growth forecast for 2024 to 3 percent, up from the 2.8 percent projected in...
Jun 19, 20245 min read


European ETFs Experience High Trading Volume in May, Data Shows
European-listed ETFs saw a surge in trading volume during May, with "buys" outpacing "sells" across all asset classes, particularly in...
Jun 18, 20242 min read


Federal Reserve Lowers Expectations for 2024 Interest Rate Cuts
Federal Reserve officials have revised their expectations for interest rate cuts this year, with Chairman Jerome Powell suggesting the...
Jun 17, 20242 min read


Biden and Trump Pledge to Extend Expiring Tax Breaks Amid Concerns Over Funding
Presumptive nominees President Joe Biden and former President Donald Trump have both committed to extending expiring tax breaks for most...
Jun 14, 20242 min read


HSBC and DBS Hong Kong Maintain Rates Amid Awaited Borrowing-Cost Relief
Hong Kong's largest note-issuing bank, HSBC, and DBS Hong Kong have opted to keep their key lending and deposit rates unchanged. This...
Jun 13, 20242 min read


Eurobank Cyprus to Reward 1,400 Current Borrowers with Reduced Mortgage Rates
Eurobank Cyprus has announced its plan to reward approximately 1,400 up-to-date mortgage customers by reducing the final interest rate on...
Jun 13, 20241 min read


Greece Launches Platform for Hiring Egyptian Seasonal Workers in Agriculture
As of June 10, 2024, employers in Greece can now submit applications to hire Egyptian seasonal workers in the agricultural sector through...
Jun 12, 20242 min read


Erica Williams Reappointed as PCAOB Chair for a Second Term
The chair of the Public Company Accounting Oversight Board (PCAOB), Erica Williams, has been reappointed to a second term after an...
Jun 12, 20241 min read


Cyprus' European Elections: Elam and Fidias Win Seats, Akel Loses One
The European election results on Sunday brought a mix of celebration, sadness, and shock across Cyprus. For the first time, Elam has...
Jun 10, 20242 min read


Central Bank of Cyprus Reports Decline in Deposit Rates for April
The Central Bank of Cyprus released a report this week indicating a decline in deposit rates for April, with loan interest rates showing...
Jun 7, 20241 min read


Cyprus Reports €20.9 Million Increase in New Loans for April
Cyprus saw a net increase of €20.9 million in new loans in April 2024, according to a recent report from the Central Bank of Cyprus...
Jun 6, 20241 min read
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