HotmailCyprus drops limits on 8 more foreign banks
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country. Full story
Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country. Full story
The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. Full story
Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday. Full story
NICOSIA (Reuters) - When the Cyprus bank run began earlier this year, Russians set much of the pace. Documents seen by Reuters show that as the Mediterranean island headed towards financial meltdown in March, most notable among companies transferring money from the country's two main banks were Russ Full story
NICOSIA (Reuters) - Cyprus must swiftly recapitalize its banks following the island's bailout so they can begin lending again, the head of its banking association said, adding that offshore gas could be the economy's new engine. Full story
BRUSSELS (Reuters) - 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 economies. Full story
Marc Faber, Gloom Boom & Doom Report editor, reveals his bleak outlook on the markets this summer; and explains why events like Cyprus are likely to happen in more countries.
Charles Dallara, Americas of Partners Group, shares his opinions on the future of Cyprus and Europe, and discusses whether a crisis like this could occur in the U.S.
CNBC's Michelle Caruso Cabrera reports on major bank client losses in Cyprus, which could be as high as 60 percent for those with more than $100,000 euros in Cypriot banks. Could the same thing happen in the U.S.?
The actions in Cyprus could set a precedent for other countries, says Tim Adams, Institute of International Finance. And that has markets in Europe and the U.S. concerned.
What happened in Cyprus is a one-time situation, says John Ryding, RDQ Economics. "You couldn't do that on a country like Spain or Portugal or Ireland," he says. Jeff Solomon, Accounting Company, also offers his thoughts on earnings.
A dismantled sign of the Cyprus Popular Bank is seen lying on the ground at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,
A workman dismantles a sign of the Cyprus Popular Bank at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,000 euros held at
Workmen dismantle a sign of the Cyprus Popular Bank at its headquarters in the Cypriot capital Nicosia, May 15, 2013. Under the 10 billion euro international aid package agreed in March, Cyprus must close one bank, Popular, and impose painful losses on deposits of more than 100,000 euros held at the
A man drinks beer near ATMs outside a branch of the Bank of Cyprus in Nicosia in this March 28, 2013 file picture. Picture taken March 28, 2013. To match Insight CYPRUS-OUTFLOWS/ REUTERS/Yannis Behrakis/Files (CYPRUS - Tags: BUSINESS POLITICS)
