Euro Crisis
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March 25 2013, 7:17 pm
Most Cypriot banks to reopen Tuesday
Laiki and Bank of Cyprus will remain closed until Thursday, and a withdrawal limit from ATMs of 100 euros ($130) a day will also remain in …
Associated Press
March 25 2013, 8:43 am
EU finance ministers approve Cyprus bailout deal
Negotiations into early Monday ended with approval of the deal by the 17-nation eurozone’s finance ministers. The European Central Bank had threatened …
Associated Press
March 24 2013, 9:32 pm
As euro zone suffers, emerging markets thrive
By comparison, emerging markets are not only looking stronger but are also contributing more consistently to global growth. At worst, if Cyprus has to …
Reuters
March 22 2013, 6:30 pm
Key players in Cyprus’ financial drama
Plan A was shot down by the parliament, which was outraged over a proposal to raid up to 10 percent of all bank deposits. The seizures were meant to …
Associated Press
March 22 2013, 6:12 pm
International Financing Review: Ukraine bond flurry ignores economic woes
Last Thursday, two corporates became the latest to print transactions, albeit with varying degrees of success. Poultry producer MHP sold a $750 …
International Financing Review
March 22 2013, 5:22 pm
Big Russian money out of Cyprus, crisis endangers flows
“You must be out of your mind!” snapped tycoon Igor Zyuzin, main owner of New York-listed coal-to-steel group Mechel , as he dismissed a suggestion …
Reuters
March 22 2013, 4:14 pm
Cyprus leaves shares facing worst week since November
The European Union has given Cyprus until Monday to raise 5.8 billion euros to secure a 10-billion euro international bailout. Parliament has already …
Reuters
March 22 2013, 3:42 pm
Kruglov: Crisis in Cyprus did not impact Gazprom group
“The crisis in Cyprus did not influence the Gazprom group in any way. We have a business there – the company Gazprom Finance Cyprus. But it kept its …
Interfax-Ukraine
March 22 2013, 2:25 pm
Russia may help Cyprus only after its deal with EU
Dmitry Medvedev said Russia “hasn’t closed the door, hasn’t said ‘no'” to Cyprus, but will discuss specific assistance to Cyprus only after it reaches …
Associated Press
March 21 2013, 7:51 pm
EU gives Cyprus bailout ultimatum, risks euro exit
In stark twin warnings on Thursday, the European Central Bank said it would cut off liquidity to Cypriot banks and a senior EU official made clear to …
Reuters
March 21 2013, 7:02 pm
Turkey may challenge Cypriot use of gas reserves in bailout
The European Union has given the island until Monday to raise the billions of euros it needs to clinch an international bailout or face the collapse …
Reuters
March 21 2013, 4:45 pm
Cyprus has four days to find bailout solution
Facing the ultimatum, the Cypriot government was racing to cement a new package that will please both Parliament and the country’s potential …
Interfax-Ukraine
March 21 2013, 3:37 pm
Cyprus: Small island, big role in history
ANTIQUITY: In ancient times, Cyprus’ strategic location between three continents guaranteed it a role in flourishing trade routes, and made it a …
Associated Press
March 21 2013, 2:46 pm
Cyprus seeks Russian billions to soften bailout blow
Finance Minister Michael Sarris, in Moscow for a second day of talks on Thursday, March 21 said Cyprus’ banks and its offshore gas riches were areas …
Reuters
March 20 2013, 7:51 pm
Medvedev: EU, Cyprus actions to solve debt problem resemble a bull in a china shop
“So far actions of the European Union, the European Commission together with the Cypriot government regretfully resemble a bull in a china shop to …
Interfax-Ukraine
March 20 2013, 7:28 pm
Banks in Cyprus to stay closed until March 26
With Monday a public holiday, the move effectively closes lenders until Tuesday, March 26. The official spoke on condition of anonymity.
Reuters
March 20 2013, 6:05 pm
Cyprus seeks new rescue plan involving Russia
Tuesday’s rejection of the plan to take a slice of all deposits above 20,000 euros ($25,888) has left the country’s bailout in question. Without the …
Associated Press
March 19 2013, 7:10 pm
Deutsche Welle: Russian and Ukrainian oligarchs stung by Cypriot bank tax
Events in Cyprus also affected Moscow’s stock exchange, as shares from two major Russian banks – VTB and Sberbank – dropped roughly five percent when …
Deutsche Welle
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