Nicos Anastasiades

As investors wait to hear from the US Federal Reserve about whether or not the bank is going to cut its $85 billion per month stimulus plan, economists warn that the US debt ceiling will step into the spotlight. Months of anticipation about the Fed cutting its stimulus spending by $10 to $15...

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...

The euro continued to slide on Tuesday morning as Cypriot lawmakers prepared to vote on a new controversial tax amendment that would help fund the nation's debt by raising 5.8 billion euros through a levy on banks that would force account holders to shoulder the debt. The meeting has been delayed...