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Business - Page 447

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Cyprus leaves shares facing worst week since November

World shares headed for their worst week since November while gold rose strongly on Friday, as Cyprus scrambled to avoid a meltdown of its banks and exit from the euro that could

22nd March 2013
Business

Cyprus crisis no systemic threat to Russian banks, says centralbanker

The financial crisis in Cyprus poses no systemic threat to the Russian banking system, a first deputy chairman of Russia's central bank, Alexei Simanovsky, said on Friday. "I don't see any systemic

22nd March 2013
Business

Pope urges dialogue with Islam, says world must do more for poor

Pope Francis urged the West on Friday to intensify dialogue with Islam and appealed to the world to do more to combat poverty. The new pontiff made his appeal in an address

22nd March 2013
Business

Russia rebuffs Cyprus, EU awaits bailout “Plan B”

– Russian finance minister says talks end without result – ECB says to cut off bank funds without bailout deal by Monday  –  Cypriot leaders mull "solidarity fund", capital controls – Germany says

22nd March 2013
Business

India, Italy end stand-off with surprise deal on marines

Italy's surprise decision to return two marines accused of murdering two Indian fisherman followed intense negotiations over 24 hours in which Rome secured a vow from New Delhi the two would not

22nd March 2013
Business

Obama tours symbolic Israeli sites on last day of visit

U.S. President Barack Obama visited Israel's most powerful national symbols on Friday, paying homage at the Holocaust memorial and the graves of the founder of modern Zionism and assassinated prime minister Yitzhak

22nd March 2013
Business

Credit Suisse CEO pay jump to fuel banker bonus debate

Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay in a year when

22nd March 2013
Business

Cyprus court finds Hezbollah member guilty in Israeli plot

A court in Cyprus on Thursday convicted a Hezbollah member of plotting against Israeli interests on the island in a verdict likely to increase pressure on the European Union to declare the

22nd March 2013
Business

Asian shares hover near 2013 lows on growth worries, Cyprus

Asian shares hovered near 2013 lows and gold stayed close to a one-month high on Friday as Cyprus scrambled to find a solution to its funding crisis and concern over the health

22nd March 2013
Business

Most survey responses in before Cyprus bailout deal news

Economic malaise in the euro zone deepened in March even before another member country ran into debt trouble, but manufacturing in the United States and China improved, surveys showed on Thursday. Solid

21st March 2013
Business
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