Four years ago, Bank of Cyprus was forced to convert deposits into shares for the sake of salvation. Last week, it placed shares on the London Stock Exchange. The bank’s CEO John Hourican called the move "an absolute vote of confidence" to London, which will continue to be one of the world's major...

A Reuters poll showed that any significant weakening of the yen is worrying the Japanese companies and they believe that it could spark an unwelcome political backlash but they they also believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see that happening....

Coffee futures are rapidly becoming more expensive due to decline in production of the world's largest exporters and reducing stocks of grains. The best part of your morning may soon become more expensive, as coffee futures’ cost is climbing higher. Last year, Brazilian regions have been affected...

Italian Finance Minister Pier Carlo Padoan criticized the European Commission for creation of problems for all European countries. According to the official, Brussels "lacks vision", and is responsible for flourishing of populism in the Old World. The minister’s tough rhetoric has been caused a...

Amin Nasser, CEO of Saudi Aramco, said that the majority of forecasts are suggesting preservation of growth in demand for oil and gas for decades, while share of electric cars will be kept at a low level. During panel session "Strategic Update: The Future of Energy" at the Davos forum, head of...

Societe Generale said that as the government's demonetization drive triggers a shortage of cash, India seems set for four consecutive quarters of sub-7 percent growth for the first time since at least 2011.   Amending the base year to 2011-2012 from 2004-2005, the way India counted its...

Fresh headwinds in 2017 that are likely to curb growth, according to Mark Carney, are likely to be faced by consumers who were the backbone of U.K. economic resilience after the Brexit vote.   The governor of the Bank of England said in London on Monday that as the impact of the...

A recently published new study has found that up to a seven-fold contribution to the economy of Europe is generated by the money that is spent on advertising by brands from all across Europe and abroad.   The reports quotes the spending figures from 2014 which is that time for the latest...

Members of OPEC and oil producers outside the cartel will probably not be required to extend the oil freeze deal for the period after June, as growth in demand and compliance with the agreements reached should then push the market to balance, said Saudi Energy Minister Khalid al-Falih. "We do not...