Europe News Cyprus

  • *Germany, with its powerful car sector, had been hesitant. BRUSSELS/ BERLIN, June 17- Germany has joined a growing number of EU nations to back going carbon neutral by mid-century, EU documents show, building momentum for the bloc's leaders to agree the ambitious climate goal at a summit this week. Despite a push by eight nations for greater climate ambition- Belgium,...

  • LONDON, June 11- Ukraine's PrivatBank shed more than $300 million of deposits after a Kiev court ruled in April that the nationalisation of the country's largest lender was illegal, the bank's finance chief said on Tuesday. Ukraine's central bank has appealed against the Kiev court's ruling, seeking to overturn a decision that has raised fears that the loss of a...

  • LONDON, June 11- Ukraine's PrivatBank shed more than $300 million of deposits after a Kiev court ruled in April that the nationalization of the country's largest lender was illegal, the bank's finance chief said on Tuesday. Ukraine's central bank has appealed against the Kiev court's ruling, seeking to overturn a decision that has raised fears that the loss of a...

  • Bonds yields from Cyprus to Ireland had already plumbed all-time lows earlier in the day. Italian yields fell as much as 20 basis points to a new one-year low of 2.28% and their spread over Germany narrowed to the tightest in a month. "The payrolls data plays into the argument that the Federal Reserve will have to cut interest rates sooner rather than later," said...

  • BRUSSELS, June 6- The European Commission is reviewing past money-laundering cases at EU banks to assess what went wrong and decide possible tweaks to rules, an EU official said, citing Deutsche Bank and Societe General as among the screened lenders. The review is part of a broader plan to improve the European Union's approach to combating money laundering...

  • DUBAI, May 14- Saudi Aramco aims to boost its oil supply to Europe by 300,000 barrels per day within the next two years as it expands its trading operations there with an office opening this summer in London, a senior company executive said. Aramco is looking to finalize deals in the next two years through swapping mainly Saudi crude with oil products to supply...

  • BRUSSELS, May 13- European Union finance ministers are set to remove this week the British overseas territory of Bermuda, the Dutch Caribbean island of Aruba and Barbados from the bloc's blacklist of tax havens, an EU official said on Monday. They are Luxembourg, Cyprus, Ireland, Malta, Hungary, Belgium and the Netherlands. It will still include the United Arab...

  • *Ireland expected to launch 30- year bond deal Wednesday. *Portugal to sell long-dated bonds. Ireland's debt agency said on Tuesday it would sell a new 2050 bond via a syndicate of banks and analysts said the deal could be launched as early as Wednesday.

  • *Washington says Turkey risks raising tensions. ISTANBUL, May 6- The United States and European Union have expressed deep concern over Turkey's plans for offshore drilling operations in an area claimed by Cyprus as its exclusive economic zone, adding to tensions between Ankara and its Western allies. "The United States is deeply concerned by Turkey's...

  • JOHANNESBURG, May 2- South African Health and wellness group Ascendis Health said on Thursday it will sell three businesses within its Biosciences division to a consortium for 480 million rand as part of a strategic review. "While these Biosciences businesses are performing well, they serve a different set of customers and require capabilities and skills...

  • *Greece set to issue third new bond of year by June. *Ratings upgrades, bailout exit positive for Greece. Since coming off life-support in 2018, Greece has been trying to leave a nine-year debt crisis behind.

  • LONDON, April 24- Cyprus's first 30- year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus. But it was Cyprus's day in the spotlight. The demand for 30- year debt from a country that...

  • *Cyprus gets 9 bln euros demand for 5- and 30- yr debt. LONDON, April 24- Cyprus's first 30- year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus. The demand for 30- year debt from a country...

  • *Cyprus gets 9 bln euros demand for 5- and 30- yr debt. LONDON, April 24- Cyprus's first 30- year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus. The demand for 30- year debt from a country...

  • BEIRUT, April 5- Lebanon announced on Friday five offshore blocks to be included in its coming bidding round for energy exploration and production licences, including four along disputed maritime borders. "We expect greater participation in the second round of licensing," Boustani said, adding that representatives from Russia's Lukoil, Spain's Repsol and...

  • BRUSSELS, April 4- The largest ever money laundering scandal in Europe is rippling through the region's banks. It began in the Baltics and has engulfed several Nordic lenders, notably Denmark's Danske and Sweden's Swedbank, who had large Baltic operations. The scandal spread to the Estonian branch of Danske Bank, Denmark's largest lender, which is now facing...

  • *Source says combination of CTG and EDP assets in Brazil likely. LONDON/ SAO PAULO, March 13- Portugal's Energia de Portugal EDP could propose a joint venture with China Three Gorges allowing CTG to expand its foothold in Brazil and Latin America if the Chinese power giant's bid to take over EDP fails, people familiar with the matter said. The bid has also been...

  • The drillship Pacific Khamsin in Limassol, Cyprus. Total explored for gas in their offshore Block 11 concession in early 2017.

    Cypriot, Egyptian, Greek, Israeli, Italian, Jordanian and Palestinian Ministers of Energy established the East Med Gas Forum in January. The countries have been utilizing energy diplomacy to align interests and foster long-lasting relationships.

  • An offshore oil platform.

    ExxonMobil announced Thursday that it has made world's third-biggest natural gas find offshore Cyprus. Based on preliminary data, the discovery could represent a natural gas resource of approximately 5 trillion to 8 trillion cubic feet.

  • *Venezuela needs fuel for petrol stations and crude blending. MEXICO CITY/ MOSCOW/ LONDON, Feb 21- Venezuela is paying heavy premiums for fuel imports from Russia and Europe, with fewer than a dozen sellers seeing the risk as worth the reward after flows from the United States dried up because of sanctions, trading sources said and data showed.