Finance

Cyprus bailout cost rises to 23 billion euros

According to a draft document prepared by Cyprus' creditors, the cost of the bailout for the country has increased to…

12 years ago

Cyprus sells its gold reserves to finance bailout

Cyprus has decided to sell off much of its gold reserves to help finance part of its bailout. An assessment…

12 years ago

Luxembourg to relax bank secrecy from 2015

Luxembourg has announced it would ease the secrecy surrounding its banks by implementing rules on the automatic exchange of bank…

12 years ago

Francois Hollande calls for tax havens eradication

France’s President Francois Hollande has called for "eradication" of the world's tax havens and told French banks they must declare…

12 years ago

MasterCard investigated by European Commission over inter-bank fees

The European Commission is investigating MasterCard over fees charged for card transactions made by people visiting Europe. The Commission said…

12 years ago

Mary Jo White confirmed as new head of SEC

Mary Jo White has been confirmed by the US Senate as the new head of the Securities and Exchange Commission…

12 years ago

Japanese yen reaches its lowest level since 2008 against US dollar following stimulus plan

The Japanese yen has reached its lowest level since 2008 against the US dollar after the central bank began the…

12 years ago

Luxembourg would consider greater transparency in its banking sector

Known for its highly secretive banking sector, Luxembourg would now consider a greater transparency in banks activity to help curb tax…

12 years ago

Bank of Cyprus key data about bond purchases missing

Investigators have found that some key data about bond purchases by Bank of Cyprus is missing. According to Cypriot media,…

12 years ago

Nikkei 225 reaches highest level since 2008

Japan's stock market has reached its highest level since 2008, after a recent central bank stimulus plan raised hope of…

12 years ago