CNBC's Julia Chatterley reports on the resignation of the Cypriot central bank governor, citing long-existing tensions between the governor and the government due to the handling of the island's bailout.» Read More
LONDON, Jan 7- Ireland's 10- year government bond yields plunged to eight-year lows on Tuesday as the country's first debt sale since it exited an international bailout drew bumper demand.
DUBLIN/ LONDON, Jan 7- Ireland looked set for a storming return to the international bond market on Tuesday, with bumper demand expected for the country's first debt sale since exiting its EU/IMF bailout last month. At current market rates that is just below a yield of 3.5 percent, which offers a small premium to Ireland's outstanding bonds.
Federal Reserve Board of Governors unveiled a proposal on Monday that would limit the scope of its authority to bail out a large financial company on the brink of collapse through its emergency-lending programs.
MOSCOW, Dec 23- Russia closed a deal on Friday to buy Ukraine's newly-issued $3 billion Eurobond, part of a $15 billion bailout of its smaller neighbour, Russian Finance Minister Anton Siluanov said. Russia offered a lifeline to Ukraine last week, helping revive the country's economy and keep it within Moscow's orbit.
*Denmark avoided bank runs, major bailouts. COPENHAGEN, Dec 19- Speed is king when handling a failing bank; Denmark used this strategy during the global financial crisis to close a dozen lenders without any costly state bailouts, and yet the euro zone may not have learnt from the experience.
DUBLIN, Dec 19- Ireland's economy grew more than twice as fast as expected in the third quarter, thanks to buoyant construction and investment, putting it on a sounder footing as it emerges from an international bailout.
*Putin portrays Ukraine bailout as brotherly love. MOSCOW, Dec 19- President Vladimir Putin on Thursday portrayed Russia's bailout of Ukraine as an act of brotherly love to stave off economic crisis and said it was not designed to keep its big neighbour out of Europe's clutches.
MOSCOW, Dec 19- President Vladimir Putin portrayed on Thursday Russia's bailout of Ukraine as an act of brotherly love to stave off economic crisis and said it was not designed to keep Kiev out of the European Union's clutches.
LONDON, Dec 18- A jump in prices of Ukraine's dollar bonds since Russia offered a $15 billion bailout has vindicated some of the world's biggest investors who bet billions that the high-yield, high-risk creditor could avert default.
MOSCOW, Dec 18- President Vladimir Putin has taken a gamble with Russia's own fragile economy by bailing out Ukraine for the sake of keeping it in Moscow's orbit and out of the European Union's embrace.
CNBC's Michelle Caruso-Cabrera has the latest details on Russia's bailout plans with Ukraine.
LONDON, Dec 18- Ukrainian markets extended gains on Wednesday in response to a $15 billion bailout by Russia, driving prices of public dollar bonds and the hryvnia currency higher after the move headed off months of uncertainty over government financing.
MOSCOW, Dec 18- Russia accused the West on Wednesday of putting pressure on Ukraine to choose closer ties with the European Union even though Kiev has accepted a Russian bailout after spurning a trade deal with the EU.
*Kiev needs to fund $17 bln foreign funding gap next year. MOSCOW, Dec 18- Ukraine's President Viktor Yanukovich has secured a $15 billion bailout from Russia, offering respite for an economy heading ever closer to default but also drawing accusations he has sold his country out to its former Soviet master.
*Ukraine's Yanukovich holds talks with Russia's Putin. MOSCOW, Dec 17- Russia agreed a $15- billion bailout for Ukraine and slashed the price of gas exports on Tuesday under a deal that keeps the cash-strapped country in Moscow's orbit but fuelled street protests in Kiev.
MOSCOW, Dec 17- Russia threw Ukraine an economic lifeline on Tuesday, agreeing to buy $15 billion of Ukrainian debt and to reduce the price its cash-strapped neighbour pays for vital Russian gas supplies by about one-third.
LISBON, Dec 16- Portugal's international lenders have approved the country's progress in the latest review of its bailout, pushing the euro zone member closer to a smooth exit from the lending programme in mid-2014.
DUBLIN, Dec 16- Ireland, the first euro zone member to successfully exit its bailout, will return to debt markets with an issue of 10- year paper in early 2014 and may have space to ease austerity in its next budget, its finance minister said.
Robert Benmosche, AIG president and CEO, shares his thoughts on Obamacare.
Robert Benmosche, AIG president & CEO, discusses the details on AIG selling its aircraft-leasing unit to AerCap Holdings for about $5 billion. And weighs in on Fed policy, and the outlook on the economy and markets. The economy is stronger than people think, Benmosche says.