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  • April 24, 2014
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  1. Business - Money

    The Cyprus dilemma

    Posted Mar 21st 2013, 11:57pm by Anna Healy Fenton

    ... Anna Healy Fenton anna.fenton@scmp.com Would you trust a European bank with your savings now?  It was the accident waiting to happen. Cyprus, the Eurozone bailout that failed. Amidst worries that, as the BBC says:  that Cyprus is "teetering towards the brink of bankruptcy,” the country’s political leaders meet for emergency talks after its parliament overwhelmingly ...

  2. Business - Money - EXCHANGES

    Cyprus stock market woos Chinese listings

    Posted Oct 16th 2013, 12:00am by Reuters

    ... Reuters in Nicosia Cyprus stock market woos Chinese listings Shattered by an international bailout that stripped it of 80 per cent of its turnover, Cyprus' stock exchange is aiming ... cheese, and potentially its newly found natural gas reserves. "We lost our most active shares, Bank of Cyprus and Popular Bank, but we have not stood idle," Metaxas said, referring ...

  3. News - World - CONTRABAND

    US Seals take control of rogue North Korea-flagged oil tanker in Libya

    Posted Mar 17th 2014, 04:58pm by AFP

    ... of yesterday in international waters southeast of Cyprus. The Seals operated from the USS Roosevelt, a guided missile destroyer that provided helicopter support, while sailors from another destroyer, ... "particularly the United States and the Republic of Cyprus". It said in a statement that the tanker was on its way to Libya and that crew members "will be treated in accordance with national ...

  4. News - Hong Kong - EMPLOYMENT

    Filipino helpers left in lurch over jobs in Cyprus

    Posted Dec 19th 2012, 12:00am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Filipinos claim they are HK$30,000 out of pocket after signing up to work in Cyprus, with at least one visa document issued said to be fake Helpers left in lurch ... as domestics in Cyprus on November 14. They said the agency, Limestone Overseas and Trading, kept telling them almost daily they would be flying out soon. Now they claim to be stuck in Hong Kong ...

  5. Business - Economy - Cyprus

    Cyprus bailout cost jumps in threat to teetering economy

    Posted Apr 12th 2013, 01:56am by AFP

    ... Agence France-Presse in Nicosia Cyprus confirmed on Thursday that the cost of its EU-IMF bailout has surged to 23 billion euros (US$30 billion) from 17.5 billion euros, putting the already ... this figure has become 23 billion  Government spokesman Christos Stylianides That means Cyprus will now have to find 6.0 billion euros more than the 7.0 billion euros mooted in a preliminary agreement ...

  6. Business - Economy

    Debt inspectors to Cyprus: keep up reforms

    Posted Sep 19th 2013, 10:09am by AP

    ... Associated Press in Nicosia, Cyprus International creditors praised Cyprus Wednesday for meeting the terms of its financial rescue but warned that the country mustn’t slacken the pace ... Velculescu, the IMF’s mission chief for Cyprus said the country has made “good progress” in meeting the fiscal targets outlined in the bailout deal. However, she said lingering uncertainty over ...

  7. Business - Banking & Finance

    Russians, including Putin ally, join bailed-in Bank of Cyprus board

    Posted Sep 11th 2013, 10:03am by Reuters

    ... of Russian President Vladimir Putin. Shareholders of Bank of Cyprus elected new directors to reflect a new ownership structure at the bank, which converted large deposits to equity to save it from ... package when he stepped down from Norilsk Nickel in late last year. Cyprus teetered on the brink of financial meltdown in March as it debated onerous terms of a bailout with international lenders ...

  8. Business - Economy

    Cyprus parliament narrowly approves bailout condition

    Posted Sep 06th 2013, 09:07am by Reuters

    ... Reuters in Nicosia The parliament of Cyprus on Friday approved key legislation bringing its cooperative banks under the direct supervision of the central bank, narrowly avoiding ... approval for restructuring co-ops, which are small commercial lenders, is crucial to Cyprus receiving the next aid instalment of 1.5 billion euros from international lenders. The money ...

  9. Business - Economy - FINANCE

    Bank of Cyprus chairman quits post

    Posted Mar 27th 2013, 12:00am by AFP

    ... Agence france-Presse in Nicosia Bank of Cyprus chairman quits post The chairman of Bank of Cyprus tendered his resignation yesterday following the appointment of an administrator ... to inform the bank's management of either the appointment of Dinos Christofides or of the sale of the bank's branches in Greece, news website Stockwatch said. The Central Bank of Cyprus ...

  10. Business - Economy

    Standard & Poor's upgrades Cyprus

    Posted Jul 04th 2013, 02:56pm by Reuters

    ... Standard & Poor’s has upgraded the sovereign foreign credit rating on Cyprus to CCC-plus from selective default following completion of an exchange of bonds the credit rating agency deemed distressed. Cyprus undertook a 1 billion euros (HK$10.1 billion) debt exchange as part of a financial adjustment program worked out with the troika of the European Union, European Central ...




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