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Malta's banking sector 'robust and stable'[2013-03-30 20:12:47]
As the Cyprus crisis unravels, comparisons are being made with other European tax havens, such as Malta and Luxembourg. Like Cyprus, these...
Bank of Cyprus high-end clients to get one third of deposits in 'worthless' shares[2013-03-30 19:42:58]
Large depositors in the Bank of Cyprus will get back 37.5 percent of their money in shares instead of cash, the Bank...
Cyprus reopens banks with strict limits on transactions[2013-03-28 19:27:38]
The doors of banks in Cyprus have been opened for the first time since March 16. Officials have set strict capital flow...
Australia to ditch interbank rate-setting panel over Libor scandal[2013-03-28 19:26:18]
Australia is disbanding the panel setting its interbank lending rates over manipulation fears. The move was prompted by the major international banks'...
EU to face big problems in Italy and Spain after Cyprus bailout[2013-03-28 19:25:03]
The eurozone could face a new heap of financial problems in Italy and Spain, as small businesses fail to repay bank loans....
US and Japan to drive G7 recovery as eurozone is dwarfed[2013-03-28 19:23:12]
The eurozone’s recession will last until at least the second half of 2014, while the US and Japan will return to moderate...
Market Buzz: World markets spark negative sentiment[2013-03-26 10:12:43]
Russian stocks will start Tuesday’s session in the red on a mostly negative international outlook. Stocks are likely to continue declining later...
Cyprus banks to remain closed until Thursday - central bank[2013-03-26 09:58:59]
The Cypriot finance minister has ordered all the country's banks to remain closed until Thursday, the country's central bank announced.
Just hours before...
The 'Currency War' is in full swing[2013-03-25 21:11:56]
Cypriots are having their wealth confiscated to feed the debt monster of Lloyds, RBS, the ECB, IMF, Barclays, JP Morgan, Goldman and...
Bank of Cyprus to cut up to 40% off deposits over €100,000[2013-03-25 20:42:19]
Depositors in the Bank of Cyprus, the biggest bank on the island, will reportedly lose from 30 to 40 per cent on...
Cyprus imposes ATM withdrawal limit of €100 per day for island's two largest banks[2013-03-24 21:21:15]
The central bank in Cyprus has imposed an ATM withdrawal limit of 100 euros per day for the island's two biggest banks,...
All-night ‘vote-a-rama’: Senate passes its first federal budget in four years[2013-03-23 20:55:10]
After grueling debate on the Senate floor, Congress narrowly adopted a controversial $3.7 trillion budget plan that is unlikely do what so...
Rosneft to finalize TNK-BP deal, becoming world’s largest oil producer[2013-03-21 10:28:57]
Russian oil giant Rosneft is to finalize the purchase of TNK-BP Thursday to become the biggest oil company in the world. The...
Market buzz: Recovery after continuous decline[2013-03-21 10:28:13]
Russian floors should be looking up on March 21 thanks to a positive international outlook.
On Wednesday March 20 Russian floors ended the...
Russian business looks to capitalize on Cyprus bailout[2013-03-21 10:26:28]
Cyprus’s rejection of the European Union’s tax levy plan to finance the country’s bailout has piqued the interest of Russia’s biggest and...
UK growth halved as budget 'for an aspiration nation' unveiled[2013-03-21 10:25:35]
British Finance Minister George Osborne delivered the UK’s Budget for 2013 on Wednesday. The nation's economy growth forecast has been downgraded to...
'Bull in a china shop’: Russian PM slams EU, Cyprus over crisis handling[2013-03-21 09:50:01]
Russian Prime Minister Dmitry Medvedev has criticized the actions of the EU and Cyprus in dealing with the island nation’s financial woes,...
Cyprus asked to reduce burden on smaller savers in bank levy[2013-03-19 10:50:50]
Amid growing public outrage over a planned levy on bank deposits in Cyprus, eurozone finance ministers have urged the country to spare...
Argentina accuses HSBC of $80mn money laundering[2013-03-19 10:48:59]
HSBC used “ghost bank accounts” and “falsified receipts” to launder almost US$80 million, the Argentine tax authority alleges. The accusations come after...
Crisis Bailout Backfires: Depositors fear loss of savings in Cyprus debt payoff[2013-03-18 11:53:36]
Cyprus may make its citizens shoulder a 12.5-percent crisis tax on savings larger than €100,000, while reducing the tax for smaller deposits...
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