Cyprus appointed Harris Georgiades as finance minister, replacing Michael Sarris who resigned earlier on Tuesday.

While the many charms of removing capital controls have enticed many in India's policymaking circles, there is a case for hastening slowly.

While the Dutch minister issued a clarification later that day, several governments pushed for a confirmation at the European level that th...

Cyprus to impose a ban on cashing cheques and limit the amount of cash that can be taken out of the country under measures to avert a run o...

Doddering Cypriot banks have been crippled by their exposure to the financial crisis in Greece.

Cypriot President Nicos Anastasiades agreed to shut the country's second-largest bank under pressure from a German-led bloc of creditors.

Cyprus and its euro zone partners early today reached a deal on a 10-billion euro ($ 13 billion) bailout package for the island nation.

After five years of financial calamities, the West has become a bit addicted to the idea of apocalypse. There is a nice shiver of excitemen...

The new plan is an alternative to the bank levy proposed initially to raise up to $7.9 bn, a main condition to receive the bailout, which w...

Russia's billionaire politician believes that Russia can become a European economic leader and take hold of once 'united' Europe without mu...

Select base metals remained weak with prices falling up to Rs 5 per kg on the local non-ferrous metal market.

Commodities fell by as outrage in Cyprus rekindled concern that Europe’s debt crisis may deepen, hurting demand prospects.

Cyprus, long a bastion for money laundering and other offshore-banking abuses, switched its currency to the euro from the Cyprus pound in J...

While demanding that the levy raise the targeted $7.6 billion, finance officials said easing the cost to smaller savers was up to Cyprus.

The European Union is also weighing whether to extend Ireland's rescue loans by five years or more, according to two EU officials.

Cyprus' Finance minister said that government would inject another euro1 billion ($1.33 billion) into banking system to bolster liquidity i...

The Mediterranean islands scrapped the Cyprus pound and Maltese lira to bring the number of countries using the shared currency to 15.