EU inflation data spoils ECB dovish expectations
The euro headed for its third successive decline against the pound sterling on Friday, with the EURGBP pair rising sharply at 0.8531, notching a 0.26% gain. Inflation data from the Eurozone, both headline and core HICP, exceeded the forecasts. A cut in June by the ECB
Following Thursday’s choppy action, major currency pairs are holding steady early Friday as investors gear up for key data releases. Eurostat will
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Five years since the General Health System was established, the public seems to show increased confidence in the system, some 60% of beneficiaries visited a specialist in the past year and, despite
Read MoreThe Daleela passenger and car ferry resumed its Limassol to Piraeus sailings for the third season on Wednesday and will continue to
Workers at Kition Ocean Holdings, operator of the Larnaca marina and port concession that was terminated by the government on Monday, claiming
Economic sentiment in Cyprus improved in May, as the benchmark Economic Sentiment Indicator (ESI-CypERC) increased by 1.6 points from April to 104.5,
Business
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The Daleela passenger and car ferry resumed its Limassol to Piraeus sailings for the third season on Wednesday and will continue to early September. The roll on-roll off vessel embarked from Limassol with 126 passengers on board, 49 vehicles, nine
Read MoreHellenic Bank announced first quarter profits of €93.3 mln, up 34% year on year, but 25% below the €124.8 mln in the
Energean plc, the London and Tel Aviv-listed exploration, production and commercialisation company, announced a significant find in offshore Egypt, continued natgas supply
Nvidia is set to report its earnings on Wednesday, and while there will be a significant move in the company’s share price,
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In 2018, 7% of EU enterprises employing at least 10 persons used industrial or service robots, Cyprus had the lowest percentage in the bloc. Large enterprises use robots much more (25%
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Three of the six outgoing Cyprus MEPs seem to be set for re-election and a far-right party could win its first European seat on June 9, when voters will also have to
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The EURUSD pair is stuck in a tight range around 1.0850 in Monday’s European trading, in a calm start to the week ahead of the release of inflation data on both sides
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The Cyprus real estate sector is in a seemingly golden age. But all that glitters is not gold. A booming economy (projected
I am impressed by the ease with which the various political candidates make promises to various unions and other organised groups, because
Election debates are well underway on almost all national and local television and radio stations, with the same pattern of mostly boring
Worldwide there is an effort to reduce tax evasion. The issue can be addressed to some extent if the payer of an
Oil prices are trading down because of disappointing economic data, as traders lose hope that the Fed will lower interest rates anytime
Energy
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West Texas Intermediate (WTI) futures on NYMEX were moving higher towards a weekly high near $79.25 in Tuesday’s European trading. The crude oil price extended its winning streak for the third trading session as uncertainty among investors ahead of the OPEC+ meeting
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West Texas Intermediate (WTI) rebounded on Friday, recovering from a fresh 12-week low set early in the day at $76.03. The benchmark
West Texas Intermediate (WTI) futures on NYMEX look set to close the week on a bearish note, as the crude oil price
Energean plc, the London and Tel Aviv-listed exploration, production and commercialisation company, announced a significant find in offshore Egypt, continued natgas supply
World
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The euro headed for its third successive decline against the pound sterling on Friday, with the EURGBP pair rising sharply at 0.8531,
More
Following Thursday’s choppy action, major currency pairs are holding steady early Friday as investors gear up for key data releases. Eurostat will
More
Silver (XAGUSD) found temporary support near $31.20 in Thursday’s trading on Wall Street after correcting from a weekly high of $32.30. The
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The GBPUSD pair weakened to 1.2695 in early Asian trading on Thursday. The downtick of the pair is supported by the stronger
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Maritime
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The Daleela passenger and car ferry resumed its Limassol to Piraeus sailings for the third season on Wednesday and will continue to early September. The roll on-roll off vessel embarked from Limassol with 126 passengers on board, 49 vehicles, nine
Read MoreWorkers at Kition Ocean Holdings, operator of the Larnaca marina and port concession that was terminated by the government on Monday, claiming
President Nikos Christodoulides emphasised the important contribution of shipping to the economic development of Cyprus on Tuesday, adding that his administration “will
Larnaca port has come to a standstill after dockworkers decided Wednesday to continue their strike until overtime pay demands are met. The
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Five years since the General Health System was established, the public seems to show increased confidence
Three of the six outgoing Cyprus MEPs seem to be set for re-election and a far-right
Election debates are well underway on almost all national and local television and radio stations, with
A new service was introduced on Friday allowing voters in the upcoming Europarliament and local administration
The European Union unveiled a €1 billion economic aid package for Lebanon in exchange for the
