ARTICLES RELATING TO CYPRUS

Russia's favourite haven - Cyprus?

2013-05-15 13:16

Most notable among companies transferring money from the island's two main banks around the financial meltdown were Russians and East Europeans, documents show.

Cyprus parliament approves €10bn bailout

2013-04-30 19:36

Cyprus's parliament has accepted a €10bn EU bailout, which includes substantial losses on bank depositors and winding down one of the island's biggest banks.

EU approves Cyprus bailout terms

2013-04-12 15:28

Eurozone finance ministers have approved the terms of a Cyprus debt bailout as the overall cost increased to €23bn from the €17bn agreed.

Cyprus eases controls on banks

2013-04-12 12:01

Cyprus eased eurozone capital controls it imposed to prevent a run on its stricken banking sector, ending restrictions on all transactions under €300 000.

SA has little exposure to Cyprus crisis

2013-04-11 13:23

While the European financial crisis has dragged on for longer than expected‚ flows remain good as investors still look favourably on South Africa‚ says the Reserve Bank.

Cyprus eurozone exit 'not an option'

2013-04-08 14:00

Finance Minister Haris Georgiades says leaving the eurozone would take Cyprus back centuries and insists there is no Plan B for reneging on a €10bn bailout.

Panicked Cypriots queue at banks

2013-04-05 15:01

Panicked Cypriots have rushed to banks on rumours that a new levy would be imposed on deposits as part of a bailout, but authorities have refuted these claims.

Pension fears grips Cyprus bank staff

2013-04-04 13:24

Despite assurances from the president, there have been calls for bank workers to strike over concerns that pension funds may be at risk under a €10bn bailout.

IMF set to provide €1bn to Cyprus

2013-04-03 12:54

The International Monetary Fund has agreed to provide €1bn to the €10bn rescue plan for Cyprus, says its MD Christine Lagarde.

Cyprus to swear in new FM

2013-04-03 09:06

Cyprus' new finance minister will take up his post after his predecessor stepped down as a probe was launched into how the island almost became bankrupt.

Cyprus probes causes of bankruptcy

2013-04-02 12:42

Cyprus authorities have launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.

Cyprus banks re-open under tight controls

2013-03-29 11:02

Banks in Cyprus have resumed normal trading hours a day after a two-week lockdown ended, but Cypriots face a month of cash curbs intended to prevent a run on deposits after an EU-led bailout.

Patient Cypriots queue as banks reopen

2013-03-28 17:54

Cypriots have queued calmly at banks as they reopened under tight controls imposed on transactions to prevent a run on deposits.

Strict controls as Cyprus banks reopen

2013-03-28 07:53

Cypriots will finally get access to their bank accounts later after a lockdown, but under tight restrictions unprecedented in the eurozone.

Cypriot youths rally against bailout

2013-03-26 14:00

Hundreds of Cypriot students have marched on the presidential palace in Nicosia, after a Facebook call for a rally against a painful bailout for the financially crippled island.

Cyprus banks to remain shut

2013-03-26 08:19

Cyprus has reversed course and decided to keep its banks shut as world markets took fright at the implications of the island's €10bn bailout deal.

Asian markets slip

2013-03-26 07:49

Asian markets dipped after a top eurozone official suggested a levy on bank deposits used as part of the Cyprus bailout could be a template for future rescues.

Cyprus church may lose €100m in bailout

2013-03-25 22:40

Cyprus's wealthy Orthodox Church stands to lose more than €100m in the bailout deal reached with international creditors early, its leader Archbishop Chrysostomos says.

Govt: Cyprus deal heralds new beginning

2013-03-25 13:05

Despite painful aspects of the €10bn bailout, it will kick-start the economy and lay the groundwork for a new beginning, the Cypriot government says.

Cyprus deal boosts Asian markets

2013-03-25 07:49

Asian markets rallied after Cyprus and and its international leaders struck a deal that will qualify the island for a bailout and avoid the collapse of its banking system.

Cyprus in last-ditch bailout talks

2013-03-24 17:18

Cyprus President Nicos Anastasiades has entered emergency talks with the island's international creditors seeking to avert bankruptcy.

Cyprus bailout talks go to the wire

2013-03-24 10:07

Cyprus still has no final agreement on the terms of a bailout deal to save its economy from bankruptcy as it braces for make-or-break talks in Brussels.

Russia rebuffs Cyprus, EU awaits 'Plan B'

2013-03-22 13:29

Russia rebuffed Cypriot entreaties for aid, leaving the island's increasingly isolated leaders scrambling to strike a bailout deal with the European Union by next week.

 

G7 finance chiefs to discuss bank reforms

2013-05-09 11:54

Some of the world's most powerful finance chiefs are set to meet to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds.

Cyprus partly eases capital controls

2013-04-26 08:05

Cyprus has eased capital controls imposed to prevent a run on deposits, raising the threshold for transactions that do not require prior approval by the central bank.

Eurozone approves Cyprus bailout

2013-04-14 08:50

Eurozone finance ministers have formally approved the terms of a problematic Cyprus debt rescue that will cost Nicosia far more than first thought.

Cyprus won't seek more eurozone money

2013-04-12 12:36

Cyprus will not ask eurozone partners for more money as it battles to plug a €6bn hole in its bailout package, during talks among the bloc's finance ministers in Dublin.

Cyprus bailout swells to €23bn

2013-04-12 08:34

The cost of bailing out Cyprus has swollen to €23bn, with the crisis-hit country having to take on the lion's share of the measures needed to avoid bankruptcy.

EU ministers to tackle Cyprus fallout

2013-04-11 12:59

Fallout from the messy bailout of Cyprus will be on top of the agenda of a two-day EU finance ministers meeting in Dublin on Friday.

Germans back Merkel's crisis management

2013-04-05 19:23

A new poll has shown Germans widely approve of Chancellor Angela Merkel's crisis management following a bailout deal for Cyprus.

Cypriot bank staff boycotts bailout

2013-04-04 18:35

Hundreds of Cypriot bank workers have staged a strike over fears that their jobs and pensions are at risk under a €10bn bailout deal to rescue the economy.

Minister vows to revive Cypriot economy

2013-04-03 19:20

Cyprus' new Finance Minister Haris Georgiades has pledged to do "whatever it takes" to sort out the island's teetering finances to kick-start the economy.

Cyprus to swear in new finance minister

2013-04-03 10:05

Cyprus's new finance minister is due to be sworn in following his predecessor's resignation hours after a probe was launched into how the island was pushed to the verge of bankruptcy.

Cyprus launches probe into financial ruin

2013-04-02 12:04

Cyprus authorities have launched a judicial probe into how the island was pushed to the verge of bankruptcy before having to agree a crippling eurozone bailout.

Cyprus bank curbs could last 30 days

2013-03-28 19:58

The government says it expects to lift several restrictions on its banks in about a month, following lenders opening their doors after almost two weeks.

Asian markets slip, spooked by eurozone

2013-03-28 07:59

Asian markets slipped and the euro sat around four-month dollar lows as eurozone fears reared again, with Italy's politicians still unable to form a government.

Cyprus bank chief sacking deepens chaos

2013-03-27 15:04

The head of the troubled Bank of Cyprus, the country's biggest lender, has been sacked just a day before the bailed-out island's banks are to reopen.

Cyprus banks stay shut

2013-03-26 07:50

Cyprus has reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's €10bn bailout deal.

US stocks tumble

2013-03-26 07:45

US stocks tumbled after a top European finance official suggested that the Cyprus bailout framework could serve as a template for other European bank crises.

Only two banks to reopen in Cyprus

2013-03-25 19:54

Cypriots are fearing for their jobs and their businesses, while most banks remain shut, following a tough bailout deal.

Platinums lift JSE after Cyprus bailout

2013-03-25 10:59

The JSE rebounded‚ digesting news of Cyprus securing a bailout from its international creditors‚ with global markets recovering on investor optimism.

Cyprus secures bailout, avoids bankruptcy

2013-03-25 08:06

Cyprus has secured a €10bn package of rescue loans in tense, last-ditch negotiations, saving the country from a banking system collapse that could have destabilised the euro area.

Cyprus secures bailout, avoids bankruptcy

2013-03-25 07:45

Cyprus has secured a €10bn package of rescue loans in tense, last-ditch negotiations, saving the country from a banking system collapse and bankruptcy.

Cyprus faces moment of truth

2013-03-24 14:58

Cyprus President Nicos Anastasiades heads to Brussels for emergency talks with the island's international creditors in a bid to avert bankruptcy.

Cyprus under pressure to rethink levy

2013-03-23 09:08

Cypriot politicians are facing increasing pressure to rethink their rejection of a levy on bank deposits, as a deadline to secure an EU bailout looms closer.

Cyprus knocks German business confidence

2013-03-22 12:07

German business confidence fell unexpectedly in March, weighed by weak economic data, political gridlock in Italy and the Cyprus crisis.

 
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