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Financial crisis

Cyprus gains more time to achieve surplus
Cyprus has been granted an extra year — until 2017 — to achieve a targeted budget surplus of 4 percent as part of bailout negotiations with ...
Moscow: no bailout for Russian savers on Cyprus
A senior Russian Cabinet member says his government won't protect Russian depositors who are losing money in Cyprus but may offer assistance to some ...
Bank of Cyprus big savers to lose up to 60 percent
Big depositors at Cyprus' largest bank may be forced to accept losses of up to 60 percent, far more than initially estimated under the European rescue ...
No restrictions on local Cyprus card transactions
Cyprus' central bank tried to kickstart spending in a country left reeling by a 10-day bank closure and financial near-collapse by telling Cypriots ...
President urges Cyprus to 'share the burden'
Cyprus's president called on the country to "share the burden" of solving its financial crisis Friday as banks opened for normal business for the ...
S&P 500 closes at a record high, beating '07 mark
For the second time in less than a month, the stock market marched past another milepost on its long, turbulent journey back from the Great Recession, ...
Cypriots anxious as banks reopen with limits
Anxious Cypriots patiently waited in long lines to get at their accounts on Thursday after banks opened for the first time in nearly two weeks, ...
Oil steady above $96 as Cyprus banks reopen
The price of oil was up slightly Thursday after climbing more than $4 in less than a week as financially troubled Cyprus reopened its banks after ...
Portugal deficit at 6.4 percent, exceeding target
Portugal's budget deficit last year was 6.4 percent, higher than the target of 5 percent after European authorities refused to include proceeds from ...
Asia stocks weighed down by Europe debt woes
Renewed jitters about the debt crisis in Europe sent Asian stock markets lower Thursday. Banks in Cyprus are due to open later Thursday — for limited ...
Investors struggle to get past Europe's woes
Investors just can't get past Europe. Renewed worries about the region's debt crisis weighed on the Dow Jones industrial average on Wednesday, and ...
Cyprus: cash withdrawals capped at 300 euros
Banks in Cyprus are to open for the first time in more than a week on Thursday, operating for six hours from noon (10:00 GMT), but restrictions will ...
Bomb explodes near Acropolis in central Athens
A bomb exploded outside a Greek ship owner's house near a crowded pedestrian area under the Acropolis in central Athens on Wednesday night, causing ...
Turkish Cypriots: Crisis could delay settlement
Cyprus' financial woes may further delay prospects for a settlement to the island's nearly 40-year ethnic division, the leader of the breakaway ...
Hundreds of Greek seamen unpaid for months
In rain and shrieking wind, the ferry strains at its ropes, the gangplank creaking and scraping against the pier. A sailor on night watch duty huddles ...
Europe's financial crisis leads to suicide surge
The harsh spending cuts introduced by European governments to tackle their crippling debt problems have not only pitched the region into recession — ...
Berkshire amends warrant deal with Goldman Sachs
Warren Buffett's company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc.
ECB, Eurogroup at odds over Cyprus rescue as model
Europe's leading institutions clashed in a rare sign of public discord Tuesday over what shape future financial rescues will take following the ...
Cyprus businesses hurt as banks stay shut
Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country's bank closure into a ...
Piraeus to pay $678 million for Cypriot bank units
Greece's Piraeus Bank reached an agreement Tuesday to buy the Greek operations of three Cypriot banks for 524 million euros ($678 million), as stock ...
Gypsies flock to bridal fair as parents negotiate
Donka Hristova lets her mother pull her skintight mini-dress a half-inch down her leg. Checking her makeup one last time, she joins her two younger ...
Spanish central bank offers grim economic forecast
Spain will sink deeper into recession and unemployment will worsen this year as the country struggles under the weight of austerity measures taken to ...
Cyprus' banks to remain closed until Thursday
Cyprus ordered banks to remain closed for two more days over fears of a run by customers trying to get their money out, after striking a pre-dawn ...
US stocks fall on broad concern about Europe
Stocks reversed an early rise on Wall Street Monday as traders returned to worrying about the European economy. Optimism about a deal to prevent ...
Oil hits 5-week high on Cyprus financial bailout
The price of oil rose to a five-week high after Europe patched up the latest problem in its yearslong financial crisis. Benchmark crude for May ...