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IMF releases 83.5 mn euro loan payment for Cyprus

The International Monetary Fund on Friday released the next installment of its bailout of Cyprus, 83.5 million euros (USD 114 million), a desperately needed support for the struggling eurozone economy.

Lenders begin second review of bailed-out Cyprus economy

The "troika" of international lenders began their second review of the shell-shocked Cyprus economy on Tuesday to decide whether Nicosia is meeting its obligations under the bailout memorandum.

EU, IMF not to give extra cash to Cyprus

The European Union and International Monetary Fund will not give Cyprus extra cash to help plug gaping holes in its finances over the next three years.

Eurozone approves Cyprus bailout terms

Eurozone finance ministers formally approved Friday the terms of a Cyprus debt bailout, after some confusion over whether it needed revision, saying it could now go ahead once cleared by national parliaments.

Eurozone finance ministers to discuss Cyprus bailout issue

Ministers are also set to debate the chaotic bailout of Cyprus.

Big depositors at Bank of Cyprus could lose up to 60%

The central bank says 37.5 percent of holdings over 100,000 euros will become shares.

Cyprus banks re-open; cash withdrawals capped at $383

Among the capital controls, cash withdrawals will be limited to 300 euros (USD 383) per person each day.

Cyprus bailout: Banks to stay shut until Thursday

Earlier on Monday, the island country and its euro zone partners reached a deal on a 10-billion euro (USD 13 billion) bailout package for the island nation to avoid bankruptcy and to keep it within the single currency group.

Cyprus, euro zone partners reach 10-billion euro bailout deal

Restructuring the Cypriot banks has been one of the main demands of the EU, which regards the island's banking sector as "too big" compared to its economic output.

Only hard choices left for Cyprus now, says European Union

The European Union has warned debt-stricken Cyprus on the eve of crucial negotiations on its future that it will have to make "hard choices" and asked the country to reach an agreement with its euro zone partners on a rescue package to avert a bankruptcy.

Cyprus Parliament passes bailout bills

The Parliament agreed to creates a so-called investment fund, aimed at helping raise 5.8 billion euros demanded by the Eurogroup as a condition for a 10 billion euro bailout.

RBI expresses concerns over Cyprus banks facing meltdown

Reserve Bank Governor D Subbarao Friday expressed concerns over Cyprus banks facing meltdown, saying it has implications on the banking sector everywhere.

Euro ministers ready for new proposal to bailout Cyprus

The new plan, which was offered here last night, is an alternative to the controversial bank levy proposed initially to raise up to 5.8 billion euros (USD 7.9 billion), a main condition to receive the bailout, which was overwhelmingly rejected by Cyprus' Parliament on Tuesday.

Bank of Cyprus 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.

EU gives Monday deadline to Cyprus for managing bailout

The near-bankrupt Cyprus has got the deadline of Monday from the European Union to raise the billions of euros for an international bailout or face the collapse of its financial system and likely exit from the euro currency zone.

Cyprus demands bailout decision on Thursday

Banks in the country will remain closed Thursday and Friday as officials try to find a new plan to starve off bankruptcy.

EU, Cyprus act 'like bull in China shop': Medvedev

Russian Prime Minister Dmitry Medvedev Wednesday slammed the European Union and Cyprus for what he described as their dismal management of the island nation's debt woes.

Sensex down 134pts as Cyprus bailout weighs on global stk mkts

The Sensex, which had lost 143 points in the previous session, fell by 134.36 points, or 0.69 percent, to 19,293.20, a level last seen on March 6.

Cyprus latest euro zone nation to seek EU-IMF bailout

Eurozone nation Cyprus on Monday became the fifth country to ask for a financial help from the European Union’s rescue fund.