Finance
Cyprus banks set to reward borrowers
Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a tough position with dangerously increasing loan repayments. Banks are now searching for ways to alleviate the situation, and they may have found a way to offer some "breathing space" to borrowers with mortgages.
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Greece to hold 13-week T-bill sale
The Public Debt Management Agency (PDMA) is auctioning 13-week treasury bills to the amount of 625 million euros in book entry form on Wednesday, with maturity on August 4.
The settlement date is this Friday.
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US regulators seize First Republic Bank
Regulators seized troubled First Republic Bank and sold all of its deposits and most of its assets to JPMorgan Chase Bank in a bid to head off further banking turmoil in the U.S.
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‘Remarkable improvement’ in Greek economy
Nouriel Roubini can't seem to shake the nickname "Dr Doom," but his predictions are usually gloomy. This reputation was confirmed in a discussion with Kathimerini on the sidelines of the Delphi Economic Forum, where he was one of its pre-eminent guests.
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US nationals opt for Greek Golden Visas
American citizens are increasingly turning to Greece to secure a Golden Visa, thereby turning this country into the third most popular in terms of applications for residence permits by US property investors, according to research by Astons.
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France vows economic reforms to continue after debt downgrade
France will go ahead with structural reforms to overhaul its economy after credit ratings agency Fitch downgraded the country's debt worthiness, Finance Minister Bruno Le Maire has told AFP.
Fitch downgraded France's debt worthiness a notch to "AA-" from "AA" on April 28, claiming the country's "fiscal metrics are weaker than peers".
IMF urges European central banks to kill inflation ‘beast’ with rate hikes
The International Monetary Fund (IMF) on April 28 urged European central banks to "kill the beast" of inflation by pursuing interest rate hikes.
"You need to go and kill that beast" the IMF's European department director Alfred Kammer told reporters in Stockholm.
Three conditions for Greece to secure investment grade
Greece has not yet obtained investment grade because, obviously, the elections are coming up, the director of the economic office of the prime minister, Alex Patelis, said at the Delphi Economic Forum this week.
Argentina to pay for Chinese imports in yuan
Argentina will pay for Chinese imports in yuan instead of U.S. dollars in order to preserve its dwindling foreign reserves, Economy Minister Sergio Massa has said.
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Mature startups buy others
Mature Greek startups have taken on the role of buyer or investor in order to either enter new markets, strengthen their team (acqui-hiring) or add new technologies - a trend that has only recently expanded.
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