Cyprus Economic Crisis

Cyprus' finance minister says the east Mediterranean island nation is on track to conclude its multibillion euro rescue program on time this March, almost exactly three years after receiving the lifeline.

The euro zone's awkward handling of Cyprus's bailout puts extra pressure on the bloc's downgrade-threatened sovereign ratings and shows policymakers overestimate their ability to contain the crisis, credit agency Moody's said.

Britain today halved its economic growth forecast for 2013, blaming the ongoing impact of the eurozone debt crisis, Finance Minister George Osborne revealed in his annual budget.

The Federal Reserve looks set to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as a new flare-up in the euro zone crisis reminds officials of a risky global environment.

Cypriot voters were going to the polls on Sunday to choose a new president after a heated election campaign focused on rescuing the recession-hit EU member state from bankruptcy.

Cyprus' finance minister says the east Mediterranean island nation is on track to conclude its multibillion euro rescue program on time this March, almost exactly three years after receiving the lifeline.

The euro zone's awkward handling of Cyprus's bailout puts extra pressure on the bloc's downgrade-threatened sovereign ratings and shows policymakers overestimate their ability to contain the crisis, credit agency Moody's said.

Britain today halved its economic growth forecast for 2013, blaming the ongoing impact of the eurozone debt crisis, Finance Minister George Osborne revealed in his annual budget.

The Federal Reserve looks set to sustain its $85 billion monthly bond-buying stimulus despite improving U.S. economic data as a new flare-up in the euro zone crisis reminds officials of a risky global environment.

Cypriot voters were going to the polls on Sunday to choose a new president after a heated election campaign focused on rescuing the recession-hit EU member state from bankruptcy.