Cyprus ends money controls on 2 more foreign banks
Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the crisis-hit country. Full story
Cypriot authorities have lifted restrictions on money withdrawals and transfers for international clients of another two foreign banks active in the crisis-hit country. Full story
NICOSIA (Reuters) - Cyprus faces substantial risks to its economic outlook and a forecast recession could be deeper than forecast, its central bank governor said in a prepared speech on Wednesday. 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
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.
Cyprus' President Nicos Anastasiades walks with European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)
Cyprus' President Nicos Anastasiades is welcomed by European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)
Cyprus' President Nicos Anastasiades poses with European Commission President Jose Manuel Barroso ahead of a meeting in Brussels May 23, 2013. REUTERS/Francois Lenoir (BELGIUM - Tags: BUSINESS POLITICS)