The European Central Bank said on Friday it would stop accepting as collateral Greek sovereign bonds and other assets backed by the country's government from July 25, though it would review the
Euro zone finance ministers approved the terms of a loan of up to 100 billion euros ($123 billion) for Spain to recapitalise its banks on Friday, but the exact size of the
Cash-strapped Cyprus, which applied for a bailout from its European partners last month, is keeping its options open on whether to seek exclusion from an obligation to contribute to rescue funds for
Asian shares were poised for their biggest weekly gain since January, though they eased on Friday as worries about the euro outweighed strong U.S. corporate earnings that lifted the S&P 500 to
Euro zone finance ministers are expected to approve an agreement on Friday to lend up to 100 billion euros to Spain so it can recapitalise its banks, but the exact size of
The chief executive of Greece's privatisation agency, Costas Mitropoulos, has resigned. The new conservative-led government has made reviving the long-delayed privatisation drive a key part of its efforts to turn around the
The negative climate prevailing in the tourist industry has been reversed during the last three months, Cyprus Tourism Organisation chairman Alekos Orountiotis has said, estimating that tourist arrivals in 2012 will be
New US Ambassador to Cyprus John Koenig said that if confirmed by the Senate, his top priority will be to support efforts to reunite Cyprus into a bi-zonal, bi-communal federation. Speaking on
Fitch Ratings has upgraded the Cyprus Popular Bank's Viability Rating (VR) to 'cc' from 'f' following a government recapitalisation of 1.8 bln euros with the state now becoming the major shareholder with
Asian shares rose on Thursday as strong corporate profits from U.S. bellwethers allayed fears of a slowdown in earnings, particularly for the beleaguered tech sector, while the euro steadied after overnight weakness.
