cyprus

Cyprus is set to announce capital controls for its ailing banking system late Wednesday ahead of the banks reopening Thursday. Cypriot banks have remained closed for nearly two weeks as the nation is gripped by a financial crisis and has recently just accepted a draconian Troika bailout to ease its...

Futures Edge Lower Despite Asian Gains, Oil Retreats From Highs U.S. equity futures edged slightly lower in early pre-market trade following gains from Asia as energy futures retreated from range highs touched Tuesday. Also, weak economic data from Europe as well as post-Cyprus fears weighed on...

Futures Slightly Higher Despite Euro Fears U.S. equity futures were slightly higher in early pre-market trade despite fears emanating from the eurozone over a new bailout template laid out by Cyprus. Comments from Eurogroup Finance Minister Jeroen Dijsselbloem sent markets lower Monday after he...

Just as investors globally thought that Europe could save itself from itself, it turns out that leaders in the continent are also very good at digging themselves a deeper hole. This time, it was comments from Eurogroup Finance Minister Jeroen Dijsselbloem that sent markets lower. Speaking after...

European bailouts: investors are sick of them. Every six months or so, the European debt crisis seems to move from country to country in what can only be described as a period of rolling crises. As an interesting thought exercise, consider what a portfolio of the bailed out countries would look...

Late Sunday, Cyprus reached a deal with the Troika of creditors made up of the EU, the ECB and the IMF. In the deal, small deposits (mainly those of smaller, domestic savers) would be protected and the nation's banking sector would be drastically reformed. The draft proposal calls for Cyprus to...

Futures Rise on Cyprus Deal U.S. equity futures rose in early pre-market trade as Cyprus and the Troika of creditors reached an agreement to bail out the nation with $13 billion in exchange for drastically reducing the size of its banking sector and freezing deposits greater than 100 thousand...

As Cypriot leaders and Troika creditors discuss the latest bailout for Cyprus, much has happened over the weekend. Here is a quick round-up of the headlines from the past couple of days. Cypriot leaders claim to be close a deal with creditors, placing a 20 percent levy on deposits greater than 100...

Futures Flat As Cyprus Debates Bailout, ECB Deadline Looms U.S. equity futures were flat in early pre-market trade as Cypriot lawmakers continued to debate the revised bailout procedure. After rejecting the initial bailout proposal and failing to secure a bridge loan from Russia, Cyprus now must...

Futures Flat on Global Manufacturing Data U.S. equity futures were flat in early pre-market trade following manufacturing PMI's from both China and the eurozone. China's HSBC Flash Manufacturing PMI rose to 51.7 in March, reversing February's drop and easing fears of a renewed Chinese slowdown....

Futures Rise as Investors Look Past Cyprus U.S. equity futures rose in early pre-market trade despite the turmoil in Cyprus as lawmakers failed to pass the bailout agreement in parliament. Blackrock (NYSE: BLK) CEO Larry Fink said that Cyprus was a non-event and said that he sees 20 percent upside...

Investors fretting about Cyprus may be getting the wrong impression from the massive fears emanating from the small island in the middle of the Mediterranean. For reference, Cyprus is an island about the size of Rhode Island in the eastern Mediterranean Sea, about 600 miles from Athens, the...

Futures Flat, Awaiting Cyprus Decision U.S. equity futures were flat in early pre-market trade as markets awaited a vote in the Cypriot parliament to decide if the recently discussed bailout passes. The President of Cyprus Monday cancelled a vote as the bailout legislation did not have enough...

Nobody saw this coming. How many investors could find Cyprus on a map? Did anybody know it’s an island? Hawaii is four times the size of Cyprus and its population is slightly smaller than South Dakota—the 47th largest state. California has about 48 times the population of Cyprus. If the country...

Futures Sharply Lower on Cypriot Bailout, Deposit Raid U.S. equity futures traded sharply lower in early pre-market trade Monday after EU leaders agreed to a bailout in principle for Cyprus, however choosing to penalize savers in the country for the bailout. The EU is set to place a levy on...