ECB loans to banks top expectations

Europe's banks borrowed nearly 490 billion euros from the European Central Bank at its first-ever offer of three-year loans on Wednesday, encouraging demand for the euro and stocks on hopes the funding

Cyprus court drops charges over air disaster

A Cyprus court dismissed manslaughter and negligence charges against a defunct airline and four of its former executives on Wednesday over a 2005 crash which killed 121 people. The Helios Airways Boeing

Cyprus Presidency slogan is “A better Europe”

The central slogan of the Cypriot presidency of the European Union will be “A better Europe”, revealed Finance Minister Kikis Kazamias on Tuesday, briefing journalists on preparations ahead of the presidency in

Cyprus FINMIN auctions three – year GRDS

The Ministry of Finance proceeds today to the auction of three – year Government Registered Development Stocks (GRDS). The issuance of the GRDS is January 4, 2012 and maturity date January 2015.

Euro up 0.2 percent, pulls gold higher

Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt tempered risk-aversion, with investors' focus turning to a European Central Bank tender