In landmark for EU, Ireland leaves its bailout behind

Three years after going cap in hand to international lenders, Ireland has officially ended its bailout, providing a landmark for the euro zone`s efforts to resolve its debt crisis.

Eurozone ministers reach bailout deal on Cyprus

The finance ministers of the 17-nation eurozone agreed early Monday on a 10 billion euros (about $13 billion) bailout deal for Cyprus to prevent the country`s banking system from collapsing and bankruptcy.

Cyprus’ largest bank warns economy ‘on the brink’

Cyprus’ largest bank has warned that the Cypriot economy is ‘on the brink’ and immediately needs a liquidity lifeline from Europe.

Cyprus banks to remain closed another two days

Cyprus` banks will remain closed Thursday and Friday as officials try to find a new plan to stave off bankruptcy.

BJP slams govt for discom bailout, seeks PM`s intervention

BJP slammed Delhi government for offering bailout package to private power distribution companies and sought Prime Minister Manmohan Singh`s intervention in ordering CAG scrutiny into their accounts.

Pro-bailout parties lead in opinion polls ahead of Greek vote

Greece is headed for fresh elections on June 17 as no party won an outright majority in Greece`s May 6 election.

Greeks hurl petrol bombs as lawmakers weigh austerity

Greek lawmakers looked set to endorse a new austerity deal on Sunday to secure an EU/IMF bailout.

Sharad Yadav opposes govt move to bailout Kingfish

The JD (U) chief described as "big insult to Indian masses" any effort to bail out the company.

Bailout needed for aam admi, not for airlines: BJP

BJP came out strongly against any government attempt to bail out debt-ridden
Kingfisher Airlines.

Hopes rise for breakthrough in Greek political drama

Greek opposition has called for snap polls, whereas Papandreou has said this would be a "catastrophe."

Portuguese vote in shadow of bailout

The Portuguese are expected to reject caretaker Prime Minister Jose Socrates in the snap ballot and turn to opposition center-right Social Democrat Pedro Passos Coelho.

Portugal edges toward bailout after govt quits

Economist Juergen Michels said a bailout for Portugal is firmly on the cards.

Ireland`s new leader vows to hit ground running

Fine Gael party sweeps to power in elections dominated by economic woes.

Ireland`s Fine Gael gets 36.1% of vote: Exit poll

State media reported predictions of a turnout of around 70 percent in polls.

IMF proposes two new bank taxes to fund bailouts

Banks around the world could face two new taxes to cover the cost of any future bailouts under proposals by the International Monetary Fund circulated to the Group of 20 countries on Tuesday.

Not in bailout talks with EU states, says Greece

Greece is not involved in bailout talks with European Union states, Greek Finance Minister George Papaconstantinou told Bloomberg Television on Friday.

Geithner, NY Fed defend actions on AIG payments

Timothy Geithner denied any role in disclosures about American International Group`s payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.

Air India may require over $1 bn to stay afloat: CAPA

National carrier Air India, which is awaiting a Rs 800-crore equity infusion from the government, may require over $1 billion to overcome its financial woes, a global aviation research firm has said.

After grim year, Detroit attempts a happy face

US auto executives and elected officials at the Detroit auto show on Monday sought to draw a curtain on a year of appalling sales and massively unpopular government aid.

JAL to get 3.3 bln dollars in public funds: Reports

Japan Airlines is likely to get about 3.3 billion dollars of new public money from a state-backed body overseeing the rehabilitation of the struggling carrier, reports said on Thursday.