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...
- Tue
- May 21, 2013
- Updated: 8:24pm
Trending topics
14 May 2013
Cyprus and Malta have a lot in common: Mediterranean islands enjoying 10 months of sunshine a year, they joined the European Union in 2004, use the euro and have banking sectors that dwarf their...
10:48AM
14 May 2013
Greece plans to sell bonds at some point early next year, ending four years of exclusion from international capital markets, the country’s Prime Minister Antonis Samaras said.
9:52AM
30 Apr 2013
Asian policymakers must be ready to respond "early and decisively" to overheating risks in their economies stemming from rapid credit growth and rising asset prices, the International Monetary...
5:18AM
22 Apr 2013
The IMF has urged leading powers to step up growth and reforms to generate jobs, warning that confidence in the global economy was in short supply. It also warned emerging and smaller economies to...
5:06AM
22 Apr 2013
Kim, a US physician and global health activist who became head of the Bank last July, announced two weeks ago the plan to eradicate extreme poverty - defined as living on less than US$1.25 a day...
5:48AM
IMF chief Christine Lagarde has been summoned by a French court to testify in the probe into a high-profile scandal when she was a government minister, online journal Mediapart reported late...
12:13PM
The International Monetary Fund lowered its forecast for China's economic growth this year to 8 per cent yesterday, a day after Beijing announced a shock downturn in the first quarter.
4:56AM
US gross domestic product will expand 1.7 per cent this year, lower than a previously forecast 2 per cent advance, according to the draft report, which was presented to the IMF board last week and...
4:51AM
Cyprus warned that “superhuman” efforts were needed to reopen its banks by Thursday as protests and uncertainty about the island’s top lender showed that its huge bailout had not ended its...
4:34AM
The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests and would end anxiety, but he also announced “very temporary” capital...
5:48AM
EU and IMF officials struck a last-minute deal with Cyprus early Monday to resurrect a bailout for the island - but one banking chain goes to the wall and major clients, who include many Russians...
1:21AM
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