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Journalists seem to be outnumbering Cypriots standing in lines at banks in Nicosia. That's good news, right?
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LONDON, March 25- European shares trimmed their gains on Monday as the initial enthusiasm over the Cyprus bailout deal faded and a cut in German economic growth forecasts weighed on sentiment.
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FRANKFURT, March 24- Deutsche Bank is bracing for more than 300 million euros in charges linked to suspected violations of U.S. sanctions on Iran, a German weekly reported on Sunday.
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The island's 2008 entry to the euro zone was the first in a series of events which have led to a situation in which ATMs in Cyprus may soon run out of cash.
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*European stocks recover on hopes Cyprus chaos containable. LONDON, March 20- European shares rose after three days of losses on Wednesday with investors optimistic that European policymakers would make sure the crisis in Cyprus did not spread to other countries.
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*Cyprus plans to seize money from bank deposits. LONDON/ PARIS, March 18- European bank shares fell more than 2 percent on Monday as a plan by Cyprus to seize money from bank deposits raised fears that savers elsewhere may not be safe and the euro zone may be plunged back into crisis.
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European shares closed lower on Friday as as investors booked gains after a 10-day global rally.
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The Bank of Italy told Italian banks to further hike provisions they set aside against bad debts to take into account the worsening economic scenario and asked lenders which posted losses not to distribute dividends or bonuses.
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*Italy's FTSE MIB falls 1.7 pct on weak bond auction. LONDON, March 13- European shares recouped their earlier losses to end flat near 4-1/ 2- year highs on Wednesday, with sentiment improving after robust U.S. retail sales data pointed to a continued recovery in the world's biggest economy.
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LONDON, March 13- European shares recouped most of their earlier losses to end flat near 4-1/ 2- year highs on Wednesday, after robust U.S. retail sales data pointed to a continued recovery in the world's biggest economy.
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TRIPOLI, March 12- The outgoing head of Libya's sovereign wealth fund said a decision to sack him has left its restructuring plans and the pursuit of compensation for investment losses in limbo, potentially costing the country millions.
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*Markets unmoved by Italy's political gridlock. ROME, March 12- Italy's election produced the hung parliament investors said was the worst possible outcome, recession is deepening, debt is rising and its credit rating has just been downgraded.
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DUBAI, March 11- Dubai- based builder Arabtec will buy the 40- percent stake in Target Engineering it does not already own to expand its move into the oil and gas construction business, two sources with knowledge of the deal said. Target Engineering specialises in oil and gas and marine projects with operations in the United Arab Emirates, Qatar and Saudi Arabia.
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MILAN, March 11- The Bank of Italy has told some of Italy's biggest banks to hike bad loans provisions after a sector audit showed they were vulnerable to defaults from small firms struggling in a deep recession, two senior banking sources told Reuters. The Bank of Italy declined to comment. "The Bank of Italy is drafting new guidelines.
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NEW YORK, March 8- Prices of U.S. There's a lot to like in this report, "said Terry Sheehan, an economic analyst with Stone& McCarthy Research Associates in Princeton, New Jersey."
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*Fitch downgrades Italy after Europe's closing bell. PARIS, March 8- European shares hit their highest level in 4-1/ 2 years on Friday after robust U.S. jobs data fuelled expectations of a pick-up in global growth while central banks' keep policy supportive.
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PARIS, March 8- European shares hit their highest level in 4-1/ 2 years on Friday after robust U.S. jobs data fuelled expectations of a pick-up in global growth while central banks' monetary policies remain supportive.
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*U.S. household net worth up $1.1 trillion in Q4. WASHINGTON, March 7- U.S. household debt grew at its fastest pace since early 2008 in the fourth quarter of last year, a possible sign that the painful process of paring back borrowing in the aftermath of the financial crisis may have run its course.
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*No signal of rapid support for Italy expected. FRANKFURT, March 7- The European Central Bank kept interest rates steady on Thursday and is likely to eschew dramatic action to help Italy or other euro zone countries, despite the threat of political turmoil in Rome reigniting the bloc's debt crisis.
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*No signal of rapid support for Italy. FRANKFURT, March 7- The European Central Bank will eschew dramatic action on Thursday to help Italy or other euro zone countries caught up in its backwash, despite the threat of political turmoil in Rome reigniting the bloc's debt crisis.
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*No signal of rapid support for Italy. FRANKFURT, March 7- The European Central Bank will eschew dramatic action on Thursday to help Italy or other euro zone countries caught up in its backwash, despite the threat of political turmoil in Rome reigniting the bloc's debt crisis.
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