Defying Turkey, Exxon-Mobil Pushes Cyprus Energy Drilling
American energy giant ExxonMobil will go ahead with drilling for oil and gas off Cyprus later this year, ignoring Turkish threats to stop foreign companies […]
Economy
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Turkey Warns Cyprus: No Foreign Energy Drilling Allowed
Repeating more warnings, Turkey said it would not accept Cyprus’ legitimate government to keep allowing foreign energy companies, including from the United States, to drill […]
Back from Crisis, Growing Cyprus Sells Bonds
NICOSIA – In sharp contrast to Greece, still unable to return to the markets, Cyprus raised 1.5 billion euros ($1.75 billion) on Sept. 18 in […]
Cyprus, Egypt, Set to Sign Gas Pipeline Deal
Cyprus and Egypt are reportedly on the verge of closing an agreement over terms of an underwater gas pipeline between the countries that would bring […]
Standard & Poor’s Lifts Cyprus into Investment Grade
NICOSIA, Cyprus (AP) — Standard & Poor’s has raised Cyprus’ credit grade by a notch to BBB-, lifting the country back into investment grade after […]
European Central Bank Takes Next Step in Tapering Stimulus
FRANKFURT, Germany (AP) — The European Central Bank confirmed Thursday it is halving the size of its monthly bond-buying stimulus program as it scales back […]
Cyprus’ Top Bank Says 2.7 bln Bad Loan Sale “Biggest Ever”
NICOSIA (AP) — Cyprus’ biggest lender, the Bank of Cyprus, says it had sold 2.7 billion euros ($3.1 billion) worth of bad loans to New […]
NY Money Manager Set to Buy Bank of Cyprus Bad Loans
New York City-based Apollo Global Management is in line to buy some 3 billion euros ($3.47 billion) in bad loans from the Bank of Cyprus, […]
US Economic Pressure on Turkey Could Roll Over on Greece, Cyprus
The doubling of tariffs on Turkish steel for the United States has Turkish President Recep Tayyip Erdogan trying to do with a fast-spreading economic crisis […]
Turkey Warns Foreign Diplomats to Stop Backing Cyprus Energy Drilling
Upset they are supporting Cyprus’ rights to have energy companies drill for oil and gas, Turkey’s Foreign Ministry warned Ambassadors of other countries on the […]
