NICOSIA, Cyprusâ€"Cyprus on Monday put off for another day a debate on a bank-deposit levy in the Parliamentâ€"a precondition to receiving a €10 billion ($13.07 billion) bailoutâ€"and said its banks would remain closed until Thursday, as the government
MOSCOW â€" Cyprus has for decades been a favorite place for Russian businessmen to place their savings and for corrupt Russian officials to stash ill-gotten gains. Like all deposits in Cyprus, that money is expected to be taxed as part of a bailout deal
LONDON (Reuters) - The surprise decision by euro zone leaders to part-fund a bailout of Cyprus by taxing bank deposits sent shockwaves through financial markets on Monday, with shares and the bonds of struggling euro zone governments tumbling.
NICOSIA, Cyprus â€" Cyprus's Parliament on Monday delayed an emergency vote on a bailout plan for the second time in as many days as President Nicos Anastasiades faced trouble rounding up support among lawmakers. A vote was scheduled for Tuesday
The weekend announcement out of Cyprus came after the S&P 500 ended its 10th positive week in the last 11, and investors on Wall Street took the chance to cash in some of the recent gains. Including Monday's modest decline, the S&P 500 is on track to
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