Highlights
A collection of news and information related to Cyprus published by this site and its partners.
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Asian markets sell off on Bernanke remarks, China PMI
ReutersSINGAPORE (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond...Tags: Cisco Systems Inc., Microsoft Corporation, Services and Shopping, Oracle Corp., European Central Bank
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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: Latvia, Global Expansion, Morgan Stanley Dean Witter & Company, Finance, Banking
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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: Central Bank, Government Debt, Weather, Weather Reports, Nicosia (Cyprus)
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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: International Organizations, Environmental Issues, Belgium, Beaches, European Union
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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: Bonds, Germany, European Parliament, France, Justice System
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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: United Kingdom, National Government, Government, Financial Markets, 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: Christine Lagarde, Central Bank, International Monetary Fund, Mario Draghi, European Central Bank
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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: International Organizations, Foreign Exchange Market, European Union, International Monetary Fund, Finance
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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: International Organizations, International Monetary Fund, Finance, Economy, Business and Finance, Politics
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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: Unrest, Conflicts and War, Joe Biden, West Bank, U.S. Department of Justice, John Kerry
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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: Nicos Anastasiades, European Union, Turkey, Barack Obama, Cypriot Banking Crisis (2013)
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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: Mauritius, Central Bank, United Kingdom, Moscow (Russia), International Monetary Fund
May 22, 2013
|Story| Reuters
May 21, 2013
|Story| Reuters
May 22, 2013
|Story| Reuters
May 21, 2013
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May 20, 2013
|Story| Reuters
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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