Says no Russian investor interest in Cypriot gas reserves, banks Talks in Moscow on a possible funding lifeline from Russia to Cyprus ended without result, further cutting the island's options for raising
Asian shares hovered near 2013 lows and gold stayed close to a one-month high on Friday as Cyprus scrambled to find a solution to its funding crisis and concern over the health
The euro zone stands ready to help bail out Cyprus but the burden must be shared by its financial sector otherwise the island's economy will collapse under its public debt, German Finance
Cypriot Finance Minister Michael Sarris was due to fly home from Moscow on Friday after failing to win support in two days of crisis talks with Russia on prolonging a bailout loan
As Cyprus is facing uncertainty over its economy, tourism arrivals from Russia and the UK for now appear positive and optimistic, with tourist agents maintaining their reservations and continuing their planning for
Standard & Poor’s Ratings Services today lowered its long-term sovereign credit rating on the Republic of Cyprus to `CCC` from `CCC+` with a negative outlook.” In a statement, it said that “as
House of Representatives convenes on Friday to discuss and vote on a total of nine bills prepared by the Government to armor the banking system and prevent a mass outflow of deposits.
The Cyprus Popular Bank (Laiki), the island’s second biggest lender that faces being wound down if rescue funds are not secured by Monday, has limited cash withdrawals from ATM machines to just
. The rejection by parliament on Tuesday of the Eurogroup’s demands for a one-off levy on depositors in order to secure a 10 bln euro bailout for Cyprus was driven mainly by
– Cyprus levy would pose threat to euro zone financial stability – Analysts criticise regulatory implications – 20 of 22 analysts say levy plan risks A proposed levy on deposits in Cyprus
