White House spokesman Josh Earnest noted today that US Treasury Department senior officials have been in touch with their colleagues in Europe while the latter were dealing with Cyprus’ financial crisis. Josh Earnest was asked what is the US position on the EU deal to rescue Cyprus that includes a measure that will still affect
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Cyprus Stock Exchange announced on Tuesday its decision to extend the suspension of trading for Tuesday and Wednesday to ensure "the proper functioning of the Stock Market and to protect investors." "The Cyprus Stock Exchange (CSE) further to the announcement dated 19 March 2013, announces that by a decision of the Chairman of the Council
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Finance Minister Michael Sarris said on Tuesday that capital controls introduced in Cyprus after a 10 bln euro bailout package to prevent big outflows of cash from the island would probably last for "a matter of weeks." "I think we are talking a matter of weeks. That would be my sense," Sarris told BBC radio.
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Qatar called on Tuesday for the immediate establishment of a $1 billion fund to help Palestinians in Arab East Jerusalem, and offered to contribute $250 million to it. Qatar's Emir, Sheikh Hamad bin Khalifa Al-Thani, made the proposal at the opening of an Arab summit in Doha that is expected to focus on the crisis
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European stocks regained some poise in early trade on Tuesday, with some investors buying to boost quarterly returns, but uncertainty about the broader implications of Cyprus's bailout kept a lid on any gains. Cyprus secured a last-minute international rescue package over the weekend, avoiding a possible default or a potentially messy euro zone exit. But
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A series of car ads, including one showing women bound and gagged in the trunk of a Ford driven by former Italian Prime Minister Silvio Berlusconi, has prompted Internet outrage in India and prompted an apology from Ford India. The ads came just days after India approved a tougher new law to punish sex crimes,
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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 people was in their best interests. After returning from fraught negotiations in Brussels, President Nicos Anastasiades said late on Monday the 10-billion euro
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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 for future euro zone bailouts. Top European shares inched up in choppy early trading, but focus remained on Monday's comments from Jeroen Dijsselbloem,
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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 and hunger. The report by the ONE Campaign, an anti-poverty group co-founded by Irish rockers Bono and Bob Geldof, said Senegal, Malawi, Cape
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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, security sources said on Tuesday. The tourists had been kidnapped on Friday while driving between the resort towns of Dahab and Taba on
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