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Posts related to ‘Cyprus bailout’

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Cypriot Banks Set to Reopen

Posted: March 28, 2013 at 7:10 am

Cyprus will open its banks, which have been shuttered for days as the nation set a deal with the European Union, European Central Bank and International Monetary Fund for a ...
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Big Cypriot Bank Depositors Should Brace for Big Losses

Posted: March 26, 2013 at 6:55 am

Cyprus's Finance Minister Michael Sarris told the BBC that large depositors with money in the nation's banks could lose up to 40% in taxes and levies, much more than has ...
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Cyprus Deal Saves Its Euro Status, Makes Cyprus Irrelevant Again

Posted: March 25, 2013 at 7:45 am

Cyprus has reached a bailout deal that will keep the tiny island nation in the European Union. As we pointed out, those with bank deposits of less than 100,000 euro ...
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Panic in Cyprus as Options for Rescue Disappear

Posted: March 22, 2013 at 6:55 am

Panic in Cyprus rose overnight as rescues by Russia and members of the European Union became unlikely. A plan to tax savings accounts, rejected by parliament, is again part of ...
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Uncertain Financial Future for Cyprus

Posted: March 21, 2013 at 7:00 am

Cyprus is in the midst of trying to keep capital in the country, as smart individuals, companies and investors pull money from the troubled nation. The notion that savings could ...
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What’s Important in the Financial World (3/21/2013)

Posted: March 21, 2013 at 6:46 am

European Business Activity Cyprus is not the only major concern for the European Union. The purchasing managers index (PMI) for the region plunged in March as more evidence came in ...
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Cyprus Still Being Pressed to Avoid Default

Posted: March 20, 2013 at 6:45 am

The debate over what will happen to Cyprus quickened as a rescue by the European Union, European Central Bank and International Monetary Fund appeared to fall apart after the small ...
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What’s Important in the Financial World (3/20/2103)

Posted: March 20, 2013 at 6:35 am

J.P. Morgan Management Downgrade J.P. Morgan Chase & Co. (NYSE: JPM) suffered another blow to its reputation, as a government agency downgraded its rating of the financial firm's management. What ...
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The Latest Plan for Raiding Cyprus Bank Deposits

Posted: March 19, 2013 at 7:35 am

The government of Cyprus has drafted another plan to submit to the country’s parliament today that will exempt small savings account holders from the proposed raid on all deposits in ...
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Cypriot Parliament to Weigh In on Bank Account Tax

Posted: March 19, 2013 at 6:50 am

The parliament in Cyprus may block the government's attempt to seize money from the savings accounts of its citizens as a way to raise money to get access to bailout ...
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Media Digest (6/26/2012) Reuters, WSJ, NYT, FT, Bloomberg

Posted: June 26, 2012 at 6:20 am

A Cyprus bailout could cost 10 billion euros. (Reuters) Dell (NASDAQ: DELL) bids $2.3 billion for Quest Software (NASDAQ: QSFT). (Reuters) Microsoft (NASDAQ: MSFT) to buy Yammer for $1.2 billion. ...
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Cyprus Goes to the Eurozone Well

Posted: June 25, 2012 at 1:16 pm

The government of Cyprus has requested a bailout from other members of the Eurozone through the European Financial Stability Fund (EFSF) or the European Stability Mechanism (ESM) which together have ...
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Today’s Best Market Rumors (6/12/2012) Saudi Arabia vs OPEC

Posted: June 12, 2012 at 8:24 am

Updated throughout the day on the 24/7 Wall St.Wire China oil giant Sinopec turned down low priced oil offered by Iran (Reuters) Cyprus will seek a partial bailout from Europe ...
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