Net Interest Income of the Cypriot banking system doubled in the first half of 2023, marking an annual increase of 100% driven by the continuing rate hikes by the European Central Bank in its bid to contain rising inflation. According to the aggregate…

US stocks closed in the green Thursday. The Dow Jones industrial average was up 116 points, or 0.35%, to end the session at 33,666. The S and P 500 rose 25 points, or 0.59%, to 4,299. The Nasdaq rose 108 points, or 0.83%, to finish the day at 13,201. …

Industrial Production Index showed an annual increase in July as well as in the period between January – July 2023. According to the Statistical Servie, in July 2023, the Industrial Production Index reached 155.6 units (base 2015=100), recording an in…

Mexico’s central bank announced Thursday it kept its key interest rate steady at the record-high level of 11.25%. The move came in line with the market expectations. The Banco de Mexico last made a hike on March 30 that pushed the interest rate to a r…

Refinery giant Tupras was once again crowned Trkiye’s biggest industrial enterprise in terms of production-based sales last year, the Istanbul Chamber of Industry (ISO) announced on Tuesday.Tupras reported 418.4 billion Turkish liras ($25.2 billion) o…

S and P Global Ratings painted a sobering picture of British economic trajectory Tuesday in its latest UK economic outlook report.It suggested that economic growth in the UK will continue to be lackluster, bordering on stagnation, well into 2024 which…

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference “Banking System: New Challenges and Opportunities”, that takes place in Nicosia, noting that there are still challenges th…