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  • November 29, 2014
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  1. Business - Money - Cyprus

    Cyprus bailout deposit tax rattles global markets

    Posted Mar 18th 2013, 11:17am by Associated Press

    ... of the Mediterranean island nation. Although Cyprus accounts for only around 0.2 per cent of the economic output of the 17 European Union countries that use the common euro, the tax on depositors was a significant policy shift that has stoked fears of bank runs in other troubled European economies. Cyprus residents already emptied virtually all ATMs on the island in a weekend bank run. “If European ...

  2. News - World

    Turkey crisis undermines PM’s high-profile EU visit

    Posted Jan 19th 2014, 10:45am by AFP

    ... with member Cyprus and opposition from heavyweights France and Germany.   EU says Erdogan must keep to accession standards The Brussels official leading the way on Turkey’s request to join ...

  3. 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 ...

  4. 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 ...

  5. News - World - SYRIA

    Ships return to dock as Syria chemical deadline missed

    Posted Dec 31st 2013, 10:37am by Agence France-Presse in Nicosia

    ... be met, a Norwegian spokesman said. Norwegian frigate HNoMS Helge Ingstad was ordered back to port in the nearby island of Cyprus along with a Danish warship that had been deployed to escort ...

  6. Business - Banking & Finance - ECONOMY

    European Union agrees to blueprint to shut down weak banks

    Posted Dec 20th 2013, 02:58am by Reuters

    ... Schaeuble said. The project's aim is to prevent a repeat of the turmoil when failing banks in countries from Ireland to Cyprus brought their states to the brink of bankruptcy. By setting up ...

  7. News - World - HEALTH

    More people smoke worldwide now than did in 1980, American Medical Association report says

    Posted Jan 08th 2014, 10:49am by Agence France-Presse in Washington

    ... and Indonesia (57 per cent), followed by Armenia (51.5 per cent), Russia (51 per cent) and Cyprus (48 per cent). Top countries for women smokers were Greece (34.7 per cent) and Bulgaria (31.5 per cent). ...

  8. Business - Economy - ECONOMY

    Ireland exits bailout with warnings of more austerity

    Posted Dec 16th 2013, 04:28am by AFP

    ... lending markets- while Greece, Portugal and Cyprus remain locked into the bailout process. "It's an important moment for Ireland and for our people," Prime Minister Enda Kenny told ...

  9. Business - Economy

    IMF releases first bailout funds for Cyprus

    Posted May 16th 2013, 01:06pm by AFP

    ... The International Monetary Fund approved a US$1.33 billion (HK$10.3 billion) bailout loan for Cyprus on Wednesday and released the first US$110.7 million (HK$859.2 million) to the Cypriot ... financial stability backstop, handed over the first two billion euros of loans agreed under the controversial Cyprus aid deal. The deal was set in March after the Cypriot government agreed to force ...

  10. 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 ...




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