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Bailouts

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  • BANGALORE, March 27- The European Union's banking reforms will boost interbank business but won't end bailouts of failing lenders, economists polled by Reuters say.

  • UPDATE 1-U.S. govt to sell most of Ally Financial stake Thursday, 27 Mar 2014 | 8:08 AM ET

    March 27- The U.S. government plans to sell the bulk of its stake in bailed-out auto lender Ally Financial Inc, to raise up to $2.66 billion. Reuters reported in February that Ally Financial was hoping for an IPO of as much as $4.5 billion in a deal that would allow the U.S. government to make a profit on its bailout.

  • Ukraine to get $14-18 billion bailout from IMF     Thursday, 27 Mar 2014 | 7:31 AM ET

    CNBC's Michelle Caruso-Cabrera reports the details of a "stand-by arrangement," by the International Monetary Fund to help usher in a new era for the post-Soviet Ukrainian economy.

  • UPDATE 2-IMF agrees $14-18 bln bailout for Ukraine Thursday, 27 Mar 2014 | 6:33 AM ET

    KIEV, March 27- The International Monetary Fund has agreed a $14- 18 billion two-year bailout for Ukraine, a deal to help it recover from months of turmoil that will also unlock further credits making a total of $27 billion.

  • SINGAPORE/ KUALA LUMPUR, March 26- Even before the loss of its Flight MH370, Malaysian Airline System was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.

  • MOSCOW, March 20- Russia will not bail out companies who may face financial difficulties, Finance Minister Anton Siluanov said, as business owners worry about the impact of western sanctions over the government's moves to annex Crimea.

  • RUSSIAN FINANCE MINISTER SILUANOV SAYS GOVERNMENT CANNOT BAIL OUT COMPANY OWNERS AS IT DID IN 2008-2009 CRISIS.

  • SHANGHAI/ HONG KONG, March 19- A denial by China's central bank that it is involved in emergency talks to bailout a troubled property developer reinforced signals Beijing is now more willing to let banks and other investors take losses on loans. However, the reports "did not accord with reality", the People's Bank of China said in a post on China's Twitter- like Weibo.

  • KARLSRUHE, Germany, March 18- Germany's Constitutional Court upheld the legality of the euro zone's bailout fund on Tuesday, affirming a preliminary ruling back during the debt crisis in 2012 that gave a green light to the European Stability Mechanism.

  • LONDON, March 13- Irish government bond yields hit record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout drew substantial demand, cementing a return to full access to borrowing markets.

  • IMF says good discussions with Ukrainian officials Thursday, 13 Mar 2014 | 10:31 AM ET

    WASHINGTON, March 13- The International Monetary Fund has made good progress in its fact-finding mission in Kiev and will soon discuss Ukraine's economic situation with IMF management, a Fund spokesman said on Thursday. A team from the IMF arrived in Kiev last week to assess the country's economic situation and discuss a possible bailout program.

  • LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.

  • *Ireland set to resume regular debt auctions on Thursday. LONDON, March 12- Ireland's yields hit record lows on Wednesday a day before it returns to market with its first regular bond auction since exiting an international bailout in December.

  • Cyprus central bank governor resigns     Monday, 10 Mar 2014 | 12:37 PM ET

    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.

  • *Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.

  • DUBLIN, March 7- Ireland's largest listed companies are confident over half a decade of weak earnings, gloomy outlooks and shrinking dividends are behind them and that the economic upturn under way is sustainable and sensible.

  • SHANGHAI, March 7- China's first domestic bond default looked set to occur as expected on Friday as there was no sign of a last-minute bailout for solar equipment producer Chaori Solar, an event seen as a landmark for market discipline in the world's second-largest economy.

  • Others, including Britain and the Netherlands, have taken longer. Bankia, Spain's fourth-biggest lender, needed 22.4 billion euros in bail-out funds from Europe and Spain's bank restructuring fund FROB. Britain pumped 66 billion pounds into Royal Bank of Scotland and Lloyds in 2008 and 2009 and provided tens of billions more in liquidity support to the sector.

  • NICOSIA, Feb 28- Cyprus's government will re-submit privatisation legislation to parliament, a spokesman said on Friday, a day after lawmakers rejected the roadmap and put an international bailout programme at risk.

  • WASHINGTON, Feb 27- Freddie Mac said on Thursday it will soon send the U.S. When it makes the payment next month, Freddie Mac will have paid about $81.8 billion in dividends in return for the $71.3 billion in support it received from the Treasury when it was bailed out during the financial crisis.