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RBI’s move to make foreign banks establish wholly-owned subsidiaries to help country against financial shocksRBI’s move to make foreign banks establish wholly-owned subsidiaries instead of functioning as branches of their parent cos would be benefi...- Euro group releases first bailout installment for CyprusThe euro group has signed off the first installment of the $13 billion financial bailout package for debt-stricken Cyprus.
- Cyprus eases controls on stricken banksCyprus eased from Friday unprecedented eurozone capital controls it imposed to prevent a run on its stricken banking sector.
- Cyprus is to Russia what Mauritius is to IndiaDoddering Cypriot banks have been crippled by their exposure to the financial crisis in Greece.
- China creates a Cyprus every week: Jim O'Neill, Goldman SachsAccording to Jim O'Neill, a fascinating fact is that despite Cyprus, global markets remained remarkably calm in the last one week.
- Cyprus, euro zone partners reach 10-billion euro bailout dealCyprus and its euro zone partners early today reached a deal on a 10-billion euro ($ 13 billion) bailout package for the island nation.
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