Cyprus Banks

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  'To Doubt Greek Solution as Prime Minister Alexis Tsipras Reforms Awaited' Says President Mario Draghi

  European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals today.

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  Global Private Equity Firms, Burned Once in India, Are Back in Force

  Despite bright spots, private equity has not fully rebounded since the financial crisis. After hitting a low of $1.4 billion in 2013, India-focused funds raised $5.5 billion last year, half the peak of 2008, according to Preqin, which tracks the private equity industry.

• Greece to Submit Loan Request to Eurozone, Germany Resists

  Greece will submit a request to the Eurozone on Wednesday to extend a "loan agreement" for up to six months but EU paymaster Germany says no such deal is on offer and Athens must stick to the terms of its existing international bailout.

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  Greece Defies Creditors, Seeking Credit But no Bailout

  Deposit outflows in Greece have picked up. JP Morgan bank said that at the current pace Greek banks had only 14 weeks before they run out of collateral to obtain funds from the central bank.

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  ECB Fails 25 Banks in Health Check But Problems Largely Solved

  Painting a brighter picture than had been expected, the ECB found the biggest problems in Italy, Cyprus and Greece but concluded that banks' capital holes had since chiefly been plugged, leaving only a modest 10 billion euros to be raised.

• IMF releases $114-million loan payment for Cyprus

  The International Monetary Fund (IMF) on Friday released the next installment of its bailout for Cyprus - a desperately needed support for the struggling euro zone economy. The payment was valued at around $114 million (83.5 million euros).

• Bitcoin suffers new setback as China says no

  Bitcoins suffered a new setback after China's central bank said on Thursday that its banks and payment systems are barred from handling the virtual currency.

• China bars banks from handling bitcoins

  Bitcoins suffered a new setback after China's central bank said Thursday its banks and payment systems are barred from handling the virtual currency.

• Retail gold buying soars in April after sharp selloff: survey

  Physical gold buying among private investors surged in April as they took advantage of bargain prices after bullion's historic sell-off, a survey by BullionVault showed on Tuesday.

• Why the worst may not be over for the global economy

  More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited. They face a sobering checklist

• Gold jumps more than 2 per cent; still down for the week

  Gold has been caught in a tug-of-war between physical buyers seeking bargains and wary investors cutting exposure to the precious metal on nagging worries about central bank sales and prospects of easing inflation.

• Gold falls 2.7 per cent, triggers buying in Asia

  Losses in other markets, prospects for easing inflation, and worries about central bank sales drove investors to sell bullion to raise cash.

• Current account gap may ease to about 3% of GDP: analysts

  India's current account deficit could ease to around 3 per cent in the current fiscal year from prior estimates of about 4 per cent due to sharp drop in global commodity prices, two analysts said on Wednesday.

• Rout tarnishes gold's lustre as safe haven

  Even the most fierce gold bulls must be feeling sheepish after bullion tumbled helter-skelter to two-year lows in a couple of days, putting a question mark over how much space the metal should take in portfolios.

• Stagnant Europe the class laggard as G20 takes stock

  After a bungled bailout of Cyprus, the recession-stricken euro zone will stand out for the wrong reasons when finance ministers meet in Washington this week to run the rule over the global economy.