The European Central Bank would suspend the eligibility of Cyprus's debt due to its demand to refinance its operations.
Investors
Bankia sells Inversis stake to Banco de Madrid
Banco de Madrid gained Bankia's stake at Inversis. (Photo : REUTERS)Spain's Santander plans to invest in the country's so-called bad bank in a sign that healthy domestic lenders are willing to support the entity created to clean up the aftermath of a 2008 property crash.
Exposure to stocks should be lowered - Chinese fund managers
Chinese fund managers suggested a lower exposure to stocks due to a probable cash squeeze. (Photo : Reuters)The image is a bank teller counting yuan. Fund managers from China lowered their preferred exposure to bonds and stocks this June as concerns regarding the effects of a cash squeeze in the money market were raised.
China Allays Banking System Liquidity Fears
The chairman of the Chinese Banking Regulatory Commission allays fears of liquidity issues saying that the system has sufficient funds to cover all settlements.
Russian mogul bids to rule Swiss steelmaker
Viktor Vekselberg continues expanding by initiating a bid to buy Schmolz+Bickenbach. (Photo : Reuters)Russian tycoon Viktor Vekselberg gives a speech in an assembly.
Latest News
The South Korean F-X was extended to July 2 after receiving overwhelming bids from interested investors.
Senior vice minister Nishimura said that Japan needs a plan to boost growth. (Photo : Reuters)The image is a stack of Japanese yen. Yasutoshi Nishimura, senior vice minister for fiscal policy and economics, said that Japan must embrace new and solid growth measures to help the economy endure an upcoming consumption tax increase and other red ink reduction efforts.
Eurobank names Megalou as its new chief executive officer. (Photo : Reuters)The image shows a person coming out from a Eurobank branch. Eurobank, among the largest lenders to Greece, should follow an autonomous and more independent course, said its new chief executive officer on Friday.
Loans to the euro zone private sector declined further. (Photo : REUTERS)Structure showing the Euro currency sign is seen in front of the ECB headquarters in Frankfurt European region's private sector loans declined further last month as investors gain less interest for spending.
Ireland's economy is still in recession as the end of bailout approaches. (Photo : Reuters)Ths is the flag of Ireland. The Irish economy dipped into a state of recession during the last quarter of 2012 and proceeded to contract until early this year, according to the new and revised figures posted on Thursday.
Sun Capital Partners and Bain Capital sell off their American Standard ownership. (Photo : Reuters)The image is the American Standard brand. Sun Capital Partners Inc had invested in the struggling toilet maker operating under the American Standard brand.
Tax havens like the British Virgin Islands gained massive amounts of investments while Belgium and most Euro zone markets failed.
Fraser & Neave Ltd considers the separation of its property business from its other businesses. (Photo : Reuters)The image is the corporate logo of Fraser and Neave Ltd.
Today, the National Stock Exchange's Wholesale Debt Market sector saw turnovers of Rs 3,202.15 crore in exactly 118 trades.
