Jamaica pledged $2 billion for restructuring
Three key international lenders announced preliminary approval Monday for nearly $2 billion in loans to support a sweeping restructuring program for impoverished Jamaica.
09 April 2013 14:56
Swiss banks eager to root out undeclared funds: experts
Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.
09 April 2013 13:20
Portugal PM announces severe spending cuts
Portuguese Prime Minister Pedro Passos Coelho called for severe cuts in public spending after a court rejected a number of austerity measures.
08 April 2013 11:18
Britain brings in ban on 'rip-off' surcharges
A ban on "rip-off" surcharges imposed on credit card spending came into force in Britain on Saturday, meaning traders must ensure that the extra fees reflect genuine processing costs.
Cypriot solidarity concert as financial crisis bites
Tens of thousands of people on Monday attended a charity concert in the Cypriot capital Nicosia to raise funds and collect food for people suffering the fallout of a severe financial crisis.
02 April 2013 14:04
Venezuela move seen as currency devaluation
A Venezuelan government foreign currency auction for local importers has triggered a de facto currency devaluation, the second in less than 50 days.
Argentina presents conditions for debt repayment
Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.
Draconian controls as Cyprus banks set to reopen
Cypriots will finally get access to their bank accounts later on Thursday after a nearly two-week lockdown, but under tight restrictions unprecedented in the eurozone.
'Superhuman' efforts made to open Cyprus banks: governor
"Superhuman" efforts are being made to reopen banks in Cyprus on Thursday, as protests and uncertainty over the island's top lender showed a huge bailout has not ended its troubles.
27 March 2013 12:43
Cyprus banks to stay shut as world markets take fright
Cyprus reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's 10-billion-euro bailout deal with international creditors.