Cyprus police have confirmed local media reports of a sighting of a child that looked like missing girl Madeleine McCann, informing Interpol that the child may have been part of a British family that has already fled the island. Madeline, who should be ten years old today, disappeared in May 2007 aged four while she
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* Bank of Cyprus, Laiki to get a copy of report on Monday * Hellenic Bank, the island’s third biggest lender, has challenged the PIMCO report on the recapitalisation needs of the Cyprus banking system, saying that the global bond manager has made gross errors in its estimates of the banks’ assets and liabilities. “We
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State-owned Irish lender permanent tsb (PTSB) said on Friday it had raised 400 million euros ($523 million) fresh debt, bringing to 1 billion the amount of new debt secured against its British and Irish mortgage books this year. The smallest of Ireland's three remaining domestically-owned banks, permanent tsb was handed approval by the country's EU/IMF
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A senior Eurozone official has expressed the belief that a Cyprus bailout deal can be reached in the second half of March. In statements he made today in Brussels, Eurozone official said that the Troika (European Central Bank, European Commission and IMF) will be in Cyprus next week to continue negotiations on the bailout deal.
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The International Monetary Fund (IMF) continues to work with the Cypriot authorities, the EU Commission and the ECB on Cyprus bailout deal, IMF`s Deputy Spokesperson William Murray said Thursday during a regular press conference. Asked to comment on the results of the Cyprus presidential elections Murray replied: “I really don’t have anything new to offer
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A retroactive deposit tax would be smarter The election of Nicos Anastasiades to the Cyprus presidency on Sunday has probably improved the chances of a bailout. But it has yet to bring consensus on how to ensure that the debt burden will be sustainable. According to earlier (now outdated) estimates, the debt ratio after a
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With Pope Benedict's abdication on Thursday, the most prominent living speaker of Latin will retire into the shadows, after doing much during his eight-year pontificate to give the language of ancient Rome a new lease of life. Benedictus, his name in Latin, set up the "Pontifical Academy of Latinity" to promote its use inside the
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French President Francois Hollande said on Thursday he wanted to see negotiations over the Syria crisis widened to include parties that could act as negotiators between President Bashar al-Assad and opposition rebels. Hollande said after discussing the crisis with Russian President Vladimir Putin, and agreeing that Paris and Moscow both want to avoid Syria breaking
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Global equity markets and crude oil rose on Wednesday, pulled higher by encouraging U.S. economic data and renewed confidence that major central banks will keep taking steps to support the global economy. Wall Street opened mostly higher, following gains in European stocks as fresh signs of central bank support led to a recovery of losses
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Britain should welcome a cap on bankers' bonuses agreed by European Union lawmakers on Thursday as a fair response to taxpayers' anger over the huge cost of rescuing imprudent banks, Europe's top financial regulator said. EU Internal Market Commissioner Michel Barnier said he did not believe the curbs would drive banks out of the City
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