BusinessMail

• Sterling steadies as British PM scrambles to unite party, dollar awaits Fed

  1 week ago Business Mail

  By Masayuki Kitano Sterling steadied on Monday as British Prime Minister Theresa May scrambled to pick up the pieces and reunite her...

• Macron’s party set for huge French parliamentary majority

  1 week ago Business Mail

  By Ingrid Melander and Michel Rose President Emmanuel Macron’s fledgling party is set to trounce France’s traditional main parties...

• Trade deficit in January to April widens to €1.7bn, Cystat says

  1 week ago Business Mail

  By Stelios Orphanides Cyprus’s trade deficit widened in the first four months of the year to below €1.7bn compared to €735.6m in the...

• Economy expands 3.4% in Q1, Cystat says

  1 week ago Business Mail

  By Stelios Orphanides Cyprus’s economy expanded 3.4 per cent in the first three months of the year compared to the respective period of 2016...

• Auditor-general asks finance minister to explain co-op stock donation

  1 week ago Business Mail

  By Stelios Orphanides Auditor-general Odysseas Michaelides has asked the finance minister to explain the cabinet’s decision to handover...

• Angered Etyk announces two-hour strike at Hellenic Bank over NPL unit

  1 week ago Business Mail

  By Stelios Orphanides Workers at Hellenic Bank will hold a two-hour warning strike on Tuesday to protest against the bank’s intention to...

• Company registrations up 6.4% in May

  1 week ago Business Mail

  By Stelios Orphanides The number of company registrations rose 6.4 per cent year-on-year in May, to 1,141, after falling 2 per cent in April,...

• Building permits up 29% in Q1, Cystat says

  1 week ago Business Mail

  By Stelios Orphanides The area and value of projects that secured a building permit in the first quarter rose to 298,121 square metres and...

• As Brexit talks loom, shock UK election leaves May hanging by a thread

  1 week ago Business Mail

  By Costas Pitas and Kylie MacLellan Prime Minister Theresa May was fighting to hold on to her job on Friday as British voters dealt her a...

• Sterling drops as May seen falling short of majority

  1 week ago Business Mail

  By Patrick Graham Sterling saw its biggest daily fall since January before recovering some ground on Friday after an exit poll unexpectedly...

• Co-op workers to decide on possible labour action over pay

  1 week ago Business Mail

  By Stelios Orphanides Workers at the state-owned Cooperative Central Bank will vote next week to decide whether they will take industrial...

• More upbeat, the ECB signals end to rate cuts

  1 week ago Business Mail

  By David Mardiste and Francesco Canepa The European Central Bank signalled on Thursday it planned no further interest rate cuts as euro zone...

• IMF expects growth to slow down in the medium term

  2 weeks ago Business Mail

  By Stelios Orphanides The International Monetary Fund said it expects Cyprus’s economy to expand 2.7 per cent this year, 2.5 per cent in 2018,...

• Limassol pushes property transactions up 59% in May

  2 weeks ago Business Mail

  By Stelios Orphanides The number of property transactions rose 59 per cent in May, to 756 island-wide — the highest this year —...

• Plastic money transactions up 21% in May, JCC says

  2 weeks ago Business Mail

  By Stelios Orphanides The value of transactions with plastic money rose 21 per cent last month compared to the respective month of 2016 to...

• Polls on eve of UK election suggest PM May will boost majority

  2 weeks ago Business Mail

  By William Schomberg and Georgina Prodhan Prime Minister Theresa May is on course to increase her majority in parliament in Britain’s...

• Four in five Cypriot managers see bribery, corruption widespread

  2 weeks ago Business Mail

  By Stelios Orphanides The accounting firm EY (Ernst & Young) said that 81 per cent of interviewed Cypriot managers said that they consider...

• Italy’s borrowing cost gulf nears post-crisis high

  2 weeks ago Business Mail

  By Abhinav Ramnarayan Italy’s status as one of the euro zone’s most vulnerable debt markets came into focus on Wednesday as the...

• Fiscal watchdog warns of macroeconomic imbalances

  2 weeks ago Business Mail

  By Stelios Orphanides Cyprus’s Fiscal Council, an advisory body tasked with monitoring budget policies, said that the island’s economy...

• Oil dips on glut concerns, but Mideast tension, falling U.S. stocks support

  2 weeks ago Business Mail

  By Henning Gloystein Oil prices dipped on Wednesday, with Brent crude futures around $50 per barrel, as fuel markets remained oversupplied,...