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  • July 28, 2014
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  1. Business - Money

    Cyprus deal boosts Asian markets

    Posted Mar 25th 2013, 10:44am by AFP

    ... Agence France-Presse in Hong Kong Asian markets rallied on Monday after Cyprus and and its international leaders struck a deal that will qualify the island for a bailout and avoid ... Anastasiades saying he was “content”. The agreement involves breaking up the island’s second largest lender Laiki (Popular Bank), while deposits above 100,000 euros (HK$1.01 million) in Bank of Cyprus ...

  2. Business - Money - ASIAN MARKETS

    Asian markets bounce back on Cyprus rethink hopes

    Posted Mar 19th 2013, 11:35am by AFP

    ... Agence France-Presse in Hong Kong  Asian markets mostly rebounded on Tuesday while the yen fell against the dollar and euro as concerns over the euro zone abated on news Cyprus ... to the tax proposal that is aimed at qualifying Cyprus for a much-needed bailout. Tokyo jumped 2.03 per cent, or 247.60 points, to end at 12,468.23, Seoul gained 0.53 per cent, or 10.38 points, ...

  3. Business - Money

    Asian markets mixed, eyes trained on Cyprus

    Posted Mar 22nd 2013, 11:47am by AFP

    ... Agence France-Presse in Hong Kong Asian markets were mixed in nervous trade on Friday after the European Central Bank warned Cyprus it would cut off funding to its banks if leaders did ... been driven by the crisis in Cyprus after the government at the weekend unveiled a plan to tax deposits up to 10 per cent as part of a deal to qualify for a EU/IMF US$13 billion bailout. ...

  4. Business - Money - ASIAN MARKETS

    Asian markets mixed after Cyprus bailout vote

    Posted Mar 20th 2013, 11:50am by AFP

    ... Cyprus must find other ways to raise cash to repay its debts. However while Tuesday’s events raised fears the country could exit the euro zone, analysts said they soothed fears such levies could ... watching very closely, but at present we don’t think Cyprus is a game-changer in Europe. “We’re looking at financial-system indicators in Italy, Spain, Portugal, Greece and also bank data to see ...

  5. Business - Money

    Asian markets slip on Europe bank levy comments

    Posted Mar 26th 2013, 11:19am by AFP

    ... Danny McCord in Hong Kong Asian markets dipped on Tuesday after a top euro zone official suggested a levy on bank deposits used as part of the Cyprus bailout could be a template for future ... but on bondholders, shareholders and, if necessary, uninsured deposit holders. His statement, which came just hours after a last-minute deal to save the Cyprus financial sector, sent the euro tumbling ...

  6. Business - Money

    Asian markets rise as Dow sets new record

    Posted Mar 27th 2013, 11:30am by AFP

    ... Danny McCord in Hong Kong Asian markets rose on Wednesday, boosted by another record high for the Dow on Wall Street while concerns over the Cyprus bailout receded. The euro also edged higher, although dealers remain uneasy about the outlook for the wider euro zone in light of the Cyprus crisis while there is also ongoing political uncertainty in Italy. Hong Kong rose 0.74 per ...

  7. Business - Money

    Asian markets slip, spooked by euro zone fears

    Posted Mar 28th 2013, 11:16am by AFP

    ... of the reopening of banks in Cyprus after almost two weeks, under strict capital controls following the weekend’s bailout that included a tax on some savings. “Investors are not worried about Cyprus per ...

  8. Business - Money

    Asian markets lifted by China manufacturing data

    Posted Mar 21st 2013, 11:05am by AFP

    ... Tokyo was lifted by renewed weakness in the yen. Traders are also keeping an eye on developments in Europe, where officials in Cyprus will present later in the day a revised fund-raising plan ... Cyprus unveiled a proposal to tax bank savings up to 9.9 per cent as part of an agreement with the European Union to qualify for a 10 billion euro bailout. Oil prices eased, with New York’s main ...

  9. Business - Money

    Asian markets mostly rise, strong yen hits Nikkei

    Posted Apr 02nd 2013, 11:50am by AFP

    ... markets staged a slight rebound after suffering a sell-off over the past few weeks on the back of the bailout saga in Cyprus, which raised fears the euro zone crisis could flare up again, while ...



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