Saida Online Magazine

 


MAIN PAGE / BUSINESS & FINANCE

03-26-13
Cyprus clinched a 10-billion-euro bailout on Monday averting a chaotic eurozone exit, allowing most banks to reopen after a 10-day closure, but at the cost of its status as an offshore banking centre.

03-25-13
Cyprus clinched a last-ditch deal with international lenders to shut down its second largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro ($13 billion) bailout.

03-24-13
Cyprus has passed a series of laws to restructure its banks but has yet to address what might be the most controversial element of a plan to clinch a European Union bailout and stave off collapse a tax on big bank deposits.

03-23-13
Hong Kong's billionaire properties are the most expensive in the world, according to global real estate firm, Savills.

03-21-13
Saudi Arabia's attempts to reform its expatriate-heavy labour market have put more tan 600,000 locals into jobs at private companies, a senior oficial said on Tuesday, a sharp increase over previous rates.

03-21-13
Banks in Cyprus will remain shut until early next week to prevent a catastrophic flight of capital after efforts by its leaders and European officials to come to terms on a bailout made little progress Wednesday.

03-21-13
Cyprus ordered banks to stay shut until next week as the government scrambled Wednesday to avert a financial meltdown after rejecting the terms of a bailout from the European Union and turning instead to Russia for a lifeline.

03-20-13
Russians are snapping up luxury villas surrounded by lush vegetation along Spain's rugged Mediterranean coast, drawn by a mild climate and relaxed lifestyle, proving the country's ailing economy with a much-needed boost.

03-19-13
Arab banks operating in Cyprus may abandon the island if the government does not revoke a proposal to impose taxes on depositors, the head of the World Union of Arab Bankers warned Monday.

03-18-13
HSBC is gearing up for thousands more job cuts, with Europe's biggest bank by market value set to outline the next stage in its strategic overhaul at an investor day in two months' time.

Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 Next