Highlights
A collection of news and information related to Cyprus published by this site and its partners.
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Bernanke and growth fears send shares lower, yen up
ReutersLONDON (Reuters) - Concerns over the future of the U.S. Federal Reserve's monetary stimulus and weak Chinese factory data sent shares sharply lower and safe haven currencies like the yen higher on Thursday. The shift from riskier assets to safer...Tags: AstraZeneca Plc, The Home Depot, Lebanon, Labor Legislation, Chuck Hagel
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Russian banker has his eye on Europe
Reuters* Igor Kim has bought up Russian units of foreign banks * Expobank is already present in Latvia * Now focused on corporate lending but is open to new ideas By Katya Golubkova and Oksana Kobzeva MOSCOW, May 22 (Reuters) - Igor Kim snapped cast-off...Tags: Finance, Financial Markets, Global Expansion, Latvia, Russia
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Cyprus central bank sees 'substantial' risks to economy
ReutersNICOSIA (Reuters) - Cyprus faces substantial risks to its economic outlook and a forecast recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday. The island state, which narrowly averted financial...Tags: Finance, Central Bank, Cypriot Banking Crisis (2013), Economy, Business and Finance, Weather
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Swimming sites in Cyprus ranked cleanest in Europe
Reuters* Cypriot beaches, lakes and rivers all rated excellent * Belgium, UK and Netherlands have most non-compliant sites BRUSSELS, May 21 (Reuters) - Struggling Cyprus should be able to lure tourist revenue with pristine bathing waters, ranked the European...Tags: Water, International Organizations, Environmental Issues, United Kingdom, Netherlands
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EU draft bank rescue law would not shield big deposits
ReutersSTRASBOURG, France (Reuters) - A draft law that a group of European Union lawmakers voted for on Monday would shield small depositors from losing their savings in future bank rescues, but customers with more than 100,000 euros in savings when a bank...Tags: Justice System, Finance, Elections, Parliament, Germany
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Independent Scotland open to Cyprus-style bank risks, says Britain
ReutersLONDON (Reuters) - An independent Scotland would have a vastly oversized financial sector that would leave it vulnerable to a Cyprus-style banking crisis, Britain's finance ministry says. Before a referendum due in September 2014 on whether Scotland...Tags: Finance, David Cameron, United Kingdom, Government, European Union
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Glance: A look at the key institutions involved in the European Union's economy
Following the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved. Here is a look at the key institutions involved in Europe's economic policymaking:...Tags: Finance, Christine Lagarde, International Monetary Fund, European Central Bank, European Union
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Risks for Cyprus are 'unusually high', adoption of austerity plan imperative: IMF
ReutersNICOSIA (Reuters) - The IMF said on Friday that risks for Cyprus were "unusually high" given its weak banking sector and economy and the island's full adoption of an economic austerity plan was imperative. The island's 17.5 billion euro economy faced...Tags: Finance, European Debt Crisis, International Organizations, Foreign Exchange Market, Cypriot Banking Crisis (2013)
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IMF says Cyprus economic outlook uncertain, faces risk of even deeper recession
Associated PressWASHINGTON (AP) — The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep...Tags: Finance, International Organizations, Washington, DC, Cypriot Banking Crisis (2013), International Monetary Fund
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Turkish prime minister, Obama discuss Syria's civil war in White House meeting
Associated PressWASHINGTON (AP) — President Barack Obama said Thursday that the U.S. and Turkey will keep ramping up pressure to oust Syrian President Bashar Assad from power, but there's "no magic formula" to stop his violence. At a news conference with Turkish...Tags: U.S. Military, Syrian Civil War (2011 - present ), Barack Obama, U.S. Department of State, Recep Tayyip Erdogan
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Turkey's Erdogan says sees opportunity for Cyprus deal
ReutersWASHINGTON, May 16 (Reuters) - Turkish Prime Minister Tayyip Erdogan said on Thursday he saw a good opportunity for progress towards ending the division of Cyprus, a move that could further the exploitation of natural gas and oil in the eastern...Tags: Energy Resources, Barack Obama, Cypriot Banking Crisis (2013), Turkey, European Union
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REFILE-Bank documents portray Cyprus as Russia's favourite haven
ReutersBy Stephen Grey, Michele Kambas and Douglas Busvine NICOSIA, May 15 (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial...Tags: Finance, Ukraine, Russia, United Kingdom, International Monetary Fund
May 23, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
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May 20, 2013
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May 19, 2013
|Story| Reuters
May 18, 2013
|Story| AP Broadcast
May 17, 2013
|Story| Reuters
May 17, 2013
|Story| AP Broadcast
May 16, 2013
|Story| AP Broadcast
May 16, 2013
|Story| Reuters
May 16, 2013
|Story| Reuters
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