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CHURCH OF CYPRUS VS. TROIKA: “Go easy on the banks; Core Tier 1 below 10%”

Archbishop Chrysostomos II, representing one of the biggest shareholders in two of the island’s leading banks, wants the Troika of lenders to “go easy” on the banking sector and not impose harsh

1st November 2012
Cyprus

Greek journalist calls bank list case political revenge

A journalist on trial for publishing the names of more than 2,000 wealthy Greeks with Swiss bank accounts described the case on Thursday as vengeful and politically motivated. Costas Vaxevanis faces up

1st November 2012
Business

UK could slip out of the EU – Deputy PM says

Britain could face a crisis which pushes it out of the European Union, Deputy Prime Minister Nick Clegg said on Thursday. "You will never achieve (anything) by stamping your foot and saying

1st November 2012
Business

Progress in euro zone talks on Greece, no deal yet

Greece revealed on Wednesday that it will overshoot its deficit and debt targets again next year because of a deeper than forecast recession as euro zone finance ministers debated how to keep

1st November 2012
Business

France, Britain set stage for EU budget wrangling

British Prime Minister David Cameron came under pressure to act tough on the European Union budget and France threatened to use its veto, signalling a divisive start to bargaining over the 1

1st November 2012
Business

USA: For some, massive US storm was a major money-making opportunity

As historic storm Sandy pummeled the U.S. Northeast, knocking out power and crippling transportation in New York City and beyond, the enterprising American spirit was running high – mostly for good, though

1st November 2012
Business

TECH: Sony, Sharp in turnaround battle; Panasonic battered

Sony Corp is likely to say it returned to an operating profit for July-September after it sold a chemicals business, but investors still aren't sure a consumer electronics revamp will deliver the

1st November 2012
Business

GLOBAL MARKETS: Brent weighed by worries storm Sandy to cut fuel demand

Asian shares fell on Thursday but losses were curbed as the region's factory activity surveys mostly improved, with China's official and private sector manufacturing PMIs confirming a recovery in the growth trend

1st November 2012
Business

SPAIN: Bad bank faces struggle to lure property investors

Spain's "bad bank" will struggle to find buyers for swathes of empty land, unfinished housing projects and doubtful loans left over from a property crash, hindering Madrid's attempts to overcome the wider

1st November 2012
Business

CYPRUS: Finance Minister hopes for troika deal by November 12 Eurogroup

Cyprus's Finance Minister Vassos Shiarly said on Thursday he hoped international lenders would visit "very very soon" for a final round of talks on financial aid and conclude them before a meeting

1st November 2012
Cyprus
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