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FINMIN dismisses possible haircut on bank deposits as part of a Cyprus bailout deal

Minister of Finance Michalis Sarris has dismissed once again the possibility of a haircut on bank deposits in Cyprus, stressing that the issue is not on the table of negotiations with the

6th March 2013
Cyprus

Rehn: Troika works for achievement of a Cyprus bailout deal in March

Vice President of the European Commission, Olli Rehn, has said that the Troika works for the achievement of an agreement on a Cyprus bailout in March. In statements Tuesday to the press

6th March 2013
Cyprus

Venezuelans mourn Chavez as focus turns to funeral, then election

  Venezuelans mourned the death of Hugo Chavez and prepared on Wednesday for his body to lie in state as attention turns to a new election to succeed the socialist leader after

6th March 2013
Cyprus

Ireland, Portugal want 15-year extension of EU loans

Ireland and Portugal want up to 15 more years to pay back loans to the EU to ease their return to financial markets, but sources said on Monday that while an extension

5th March 2013
Business

Asian shares rebound, easy policies fuel risk taking

Asian shares rebounded sharply on Tuesday, reclaiming most of the previous day's steep losses triggered by slumping Chinese stocks, as a globally accommodative monetary stance helped revive risk appetite. European markets are

5th March 2013
Business

Euro zone to bail out Cyprus, but no details on how

Euro zone finance ministers pledged on Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted

5th March 2013
Cyprus

Greek court jails ex-Defence Minister for graft

A Greek court sentenced a former defence minister to eight years in prison on Monday for failing to disclose the source of lavish wealth that made him a symbol of the corruption

5th March 2013
Cyprus

British queen leaves hospital after stomach complaint

Britain's Queen Elizabeth left hospital on Monday a day after being admitted with symptoms of gastroenteritis, looking well and smiling as she walked to a waiting limousine. The 86-year-old monarch, wearing a

4th March 2013
Cyprus

Russia to start posthumous trial of whistleblower on March 11

A Moscow court will on March 11 start the posthumous trial of an anti-corruption lawyer whose death in custody has hurt Russia's image and strained Moscow's ties with the United States. A

4th March 2013
Business

Liverpool’s debts increase by 21.8 million pounds

Liverpool's debts have increased by 21.8 million pounds ($32.72 million), according to their accounts published on Monday, as prolonged absence from the money-spinning Champions League takes its toll. The Premier League side's

4th March 2013
Business
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