European shares and the euro dipped on Thursday because of concerns over Cyprus but a pick-up in Chinese factory activity and the U.S. Federal Reserve's commitment to its loose policy stance limited
Cyprus is in talks with Russia on investments in its banks and energy resources to reduce its debt burden, as well as seeking an extension to an existing Russian bailout loan, Finance
Bankers in Europe will have one final bonus season before they are barred from awarding themselves payouts worth more than their salary, EU lawmakers agreed on Wednesday, paving the way for the
Asian shares inched higher and the dollar steadied on Thursday, as a pick-up in Chinese factory activity and a commitment by the U.S. Federal Reserve to its aggressive stimulus stance soothed sentiment
– Finance minister extends stay in Moscow, seeking aid – President to meet party leaders on "Plan B" – Russia says EU behaving like "bull in a china shop" Cyprus considered nationalising
Cyprus and Russia are discussing cooperation in the banking and energy sectors in addition to a loan, and any deal to solve the island's debt crisis should also be in Moscow's interests,
Cyprus's stock exchange has extended a suspension of trading to Thursday and Friday, hit by a shutdown of banks amid financial turmoil engulfing the island threatened with default. The bourse said its
Banks will remain closed Thursday and Friday, to secure financial stability, a statement issued by the Finance Ministry says. In the statement issued Wednesday, the Ministry notes that "subsequently to the rejection
New York-based hedge fund Greylock Capital has sold most of its Cypriot government bond holdings and may dump the rest, its founder said on Wednesday, as the state of talks between the
President of the European Council Herman Van Rompuy spoke Wednesday of the need to find a solution for the economic crisis in Cyprus, stressing that the uncertainty is highly damaging, especially for
