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Emerging market currencies were set for their best month this year
July 31st, 2020
Emerging market currencies were set for their best month this year on Friday, as the dollar was on track to record its worst month in a decade on doubts about a U.S. economic recovery, while a pick-up in Chinese ...
Beware! CySEC warns regarding unregulated entities
July 30th, 2020
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform investors that the following websites do not belong to an entity which has been granted an authorization for the provision of investment services and/or the performance of ...
UPDATE: Sterling rose against a weaker euro but fell versus the dollar
July 30th, 2020
Sterling rose against a weaker euro but fell versus the dollar on Thursday after the $1.30 level reached late in the previous session did not hold, with Brexit and the economic fallout from coronavirus weighing on the currency. Global ...
European stocks were roughly flat on Wednesday; Earnings in focus
July 29th, 2020
European stocks were roughly flat on Wednesday as countries around the world report rises in new coronavirus cases, while a fresh U.S. relief package hits an impasse in Washington. The pan-European Stoxx 600 hovered just below the flatline in ...
29% of Europeans can’t afford a week’s holiday
July 29th, 2020
In 2019, 29% of residents of EU Member States aged 16 or over were unable to afford paying for an annual one-week holiday away from home. This share has gradually decreased since 2010, when 39% of Europeans could not ...
European stocks tumble; Major bourses slid into negative territory
July 24th, 2020
The pan-European Stoxx 600 dropped 2% by mid-morning, with tech stocks tumbling 4.3% to lead losses as all sectors and major bourses slid into negative territory. Global investors will be reacting to China’s retaliation to the U.S. decision to ...
What is ‘LBCOIN,’ the new Lithuanian state-backed cryptocurrency?
July 24th, 2020
The ongoing COVID-19 pandemic has accelerated the development of digital currencies by central banks in a bid to encourage people to turn to cashless payments. One such project is being led by Lithuania’s Central Bank, which will open a ...
EU considers tax, emissions trading for carbon border plan
July 24th, 2020
The European Union has laid out options for designing its plan to impose charges on imports of some goods to try to protect EU industry from being undercut by countries with weaker climate policies. Options under consideration are a ...
CySEC announced settlement with insurance company for possible market abuse violations
July 24th, 2020
The Cyprus Securities and Exchange Commission («CySEC») has announced that a settlement has been reached with an insurance company based in Cyprus for possible violation of the Market Abuse legislation. In accordance with the CySEC’s decision: CySEC, under article ...
A steady decline in the dollar has accelerated in recent weeks
July 23rd, 2020
A steady decline in the dollar has accelerated in recent weeks, as a resurgent coronavirus outbreak in the United States and improving economic prospects abroad sour investors on the currency. The buck is down 8% from its highs of ...
