BRICS
More
-
*Gold breaks below $1,600/ oz after Cyprus resolution. LONDON, March 26- Gold fell on Tuesday as safe-haven demand ebbed after Cyprus clinched a last-ditch rescue deal, while the European Central Bank worked to allay anxiety that the bailout could have negative implications for other euro zone states.
-
MOSCOW, March 25- Russia signalled on Monday it would backstop the European Union's bailout of Cyprus despite anger that the weekend rescue deal would impose heavy losses on uninsured depositors, many of them Russian.
-
*Cyprus seals deal for 10- billion euro bailout. NICOSIA, March 26- The president of Cyprus assured his people a bailout deal he struck with the European Union was in their best interests, but banks will remain closed until Thursday- and even then subject to capital controls to prevent a run on deposits.
-
*Cyprus seals deal for 10- billion euro bailout. NICOSIA, March 25- 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 controls to stem a run on the island's banks.
-
*Cyprus seals deal for 10- billion euro bailout. NICOSIA, March 25- 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 controls to stem a run on the island's banks.
-
LONDON, March 25- Oil futures posted strong gains on Monday after Cyprus secured a last-minute bailout deal, averting a deeper euro zone crisis and boosting the outlook for fuel demand in the troubled region.
-
MOSCOW, March 25- Russia signalled on Monday it would backstop the European Union's bailout of Cyprus despite anger that the weekend rescue deal would impose heavy losses on uninsured depositors, many of them Russian.
-
MOSCOW, March 25 (Reuters- President Vladimir Putin has instructed his government to negotiate the restructuring of a Russian bailout loan to Cyprus, his spokesman Dmitry Peskov said on Monday.
-
BRUSSELS/ NICOSIA, March 25- Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro bailout.
-
*Weaker dollar supports oil price as euro rises on Cyprus deal. LONDON, March 25- Brent crude rose above $108 on Monday after Cyprus secured a last-minute bailout deal, averting a deeper euro zone crisis and boosting the outlook for oil demand in the troubled region.
-
*Cyprus will get first tranche of bailout in early May. *Euro, Asian shares rise on revamped Cyprus deal. Cyprus clinched a last-ditch deal with international lenders for a $13- billion bailout that will shut down the Mediterranean island's second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians.
-
SINGAPORE, March 25- London copper rose on Monday after Cyprus reached an outline deal with international lenders for a 10 billion euro bailout, boosting appetite for risky assets and soothing concerns over the impact of a euro zone default on demand for metals.
-
*Cyprus crisis shows rich countries in a poor light. LISBON, March 24- No matter how Cyprus's financial drama ends, its troubles show yet again that rich countries enfeebled by the great financial crisis remain a weak link in the world economy.
-
*Cyprus a "casino economy", says French minister. With Cyprus facing a Monday deadline to avert a collapse of its banking system, Anastasiades met the heads of the European Union, the European Central Bank and the International Monetary Fund to try to craft a deal on a 10 billion euro bailout after a first attempt collapsed last week.
-
NICOSIA, March 24- Cypriot President Nicos Anastasiades, seeking a last-minute reprieve from financial meltdown at talks in Brussels on Sunday, has a "very difficult task" ahead of him if he is to save the island's economy, a government spokesman said.
-
BEIJING, March 24- China's economy faces more headwinds as it struggles with surplus production capacity and risks to the financial system, a member of the country's top decision-making body said on Sunday, calling for sweeping reforms, including lessening state control.
-
*Talks break up without result, president due in Brussels. NICOSIA, March 24- Cypriot President Nicos Anastasiades flies to Brussels on Sunday to seek an 11th- hour reprieve from financial meltdown, with a bailout from the European Union and the island's place in Europe's single currency bloc hanging in the balance.
-
Cyprus's bid to avert financial collapse will go down to the wire after the island said it would hold a crucial sitting of parliament only after finance ministers of the 17-nation euro zone meet on Sunday.
-
NICOSIA, March 23- Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and avert financial collapse.
-
*Cyprus eyes levy on bank deposits over 100,000 euros. Cyprus faces a Monday deadline to clinch a 10 billion euro bailout from the European Union or the European Central Bank sauys it will cut off emergency funding to the country's stricken banks, spelling certain collapse and potentially pushing the island out of Europe's single currency.