NICOSIA (Reuters) – Cyprus' central bank said on Thursday most of the depositors who lost money at bailed-out Bank of Cyprus were from overseas and that Cypriots had not been hit as hard as might have been expected. "Seventy percent of the value of deposits concerned overseas residents, leaving Cypriot households and businesses unaffected to [...]
Posts Tagged ‘central’
Central America struggles to unite for Obama trip
SAN JOSE, Costa Rica (AP) — President Barack Obama on Friday visits a Central America that continues to be plagued by violence, drug trafficking, corruption and poverty, despite the success of a decade-old trade agreement with the United States. Tweet This Post
Tech Central: What It Takes To Become a Startup City
Austin—home to the South by Southwest tech and music festivals, the headquarters for Dell, and an indeterminate number of hipsters–is generally considered the technology hub in Texas. But just 90 minutes south on I-35, San Antonio has been quietly establishing itself as a center for tech industries. The Air Force division charged with waging cyber-warfare [...]
Explosion in central Damascus, casualties reported
BEIRUT (Reuters) – An explosion shook central Damascus on Thursday, residents said, and state media reported a “terrorist explosion” had caused casualties. Syrian television said the explosion was in the Mazraa district of the capital. The Syrian Observatory for Human Rights, which monitors violence in the country, said initial reports suggested a building of the [...]
Opposition, rebels take key posts in new Central African Republic government
BANGUI (Reuters) – Opposition parties and a rebel coalition took key ministerial posts, including finance and mining, in a new government announced on Sunday as part of a peace deal in the Central African Republic. President Francois Bozize agreed in mid-January to the formation of a national unity government as part of the deal to [...]
Taiwan names new premier in reshuffle which may see new central bank chief
TAIPEI (Reuters) – Taiwan’s vice premier Jiang Yih-Huah will replace premier Sean Chen, the presidential office said in statement issued late on Thursday, as part of a cabinet reshuffle that could see a new central bank chief. Central bank chief Perng Fai-nan wants to retire as part of the reshuffle, two lawmakers told a Taiwanese [...]
Economics Daily Digest: Central bankers just don’t understand
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Italy central bank approves Monte Paschi bailout request
ROME/MILAN (Reuters) – Italy's central bank on Saturday gave its approval to a request by scandal hit bank Monte dei Paschi di Siena for 3.9 billion euros ($ 5.3 billion) of state loans, the latest step in the battle to revive the ailing bank. The Bank of Italy's backing was the final stage required to [...]
Uganda kills Kony bodyguard in Central African Republic
KAMPALA (Reuters) – Ugandan forces have killed a former bodyguard of Joseph Kony, a sign they are closing in on the fugitive rebel leader wanted for war crimes, an army commander said on Monday. Dick Olum, who commands a regional task force hunting the head of the Lord’s Resistance Army, said the bodyguard, who went [...]
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