Banks in Cyprus will remain closed until Thursday, and even then subject to capital controls to prevent a run on deposits, after a European Union bailout that the country's president assured his
European shares and the euro were steady on Tuesday, supported by some buyers taking advantage of a drop in prices on fears that Cyprus's raid on bank deposits could become the template
U.S. President Barack Obama hosts the leaders of four African nations this week, all of which are cited in a new report for effectively increasing spending on agriculture to combat extreme poverty
Kidnappers released a Norwegian woman and an Israeli man held in Egypt's Sinai Peninsula following negotiations mediated by Bedouin leaders between authorities and the group that seized the tourists four days ago,
Italian actress Gina Lollobrigida, one of the leading sex symbols of the 1950s and 1960s, is selling some of her diamond jewelry to raise money for stem cell research, saying now is
Russia seems to have had a change of heart over the terms of a 2.5 bln euro loan it gave Cyprus last year after Moscow suggested on Monday it would extend the loan despite anger
Cyprus should only impose controls on the movement of capital for a temporary period of time, the European Commission said on Monday, hours after the island sealed a deal to close its
Cyprus President Nicos Anastasiades was confident that the agreement reached with international lenders was the best possible deal and that it was sustainable, despite efforts to curb the island’s banking sector, a
The programme will “restore the viability of the financial sector, with the view of restoring sustainable growth and sound public finances over the coming years.” The plan includes: – restructuring the financial
The Eurogroup of euro zone finance ministers approved a last-minute deal for Cyprus that will get a 10 bln euro bailout, but will see its banking sector shrunk by more than half
