Will Currency Markets be affected by the Cyprus Bailout?
A dramatic, if not entirely unexpected, bailout agreement was reached for Cyprus in the twilight hours of Sunday evening. The Troika’s finance ministers finally reached an agreement with the small island for a €10billion bailout plan.The key
Cyprus and the Troika Finally Agree on a Bailout Deal
Cyprus managed to avoid a default and the collapse of the banking sector as well as ungraceful exit from the Eurozone with the new bailout package which has now been rubber stamped by the Troika (IMF, EU and ECB). This comes just in the nick of t
Cyprus Bailout Plan And The Future of the Binary Options Ind
The recent turmoil that resulted from the Cyprus Bailout plan has certainly given many investors food for thought about the future of the binary options industry in Cyprus. Especially as most of the brokers you deal with like 24option and banc de
Cyprus Simmers as UK prepares for Budget
The uncertainty in Cyprus took another turn yesterday as not unexpectedly the bailout package didn’t get parliamentary approval on its first vote, with not a single MP voting yes.Given the current simmering anti EU mood amongst the populace t
Cyprus Overwhelmingly Reject the Tax Levy
ontroversially lawmakers in Cyprus unanimously reject the levy on private bank accounts, essentially scuppering the EU bailout agreement that some have called blackmail. In Parliament yesterday 36 lawmakers voted against and 16 members abstained.
Yen Drops Versus Peers as Stocks Rally Damps Haven Demand
The yen declined versus all its 16 major peers as Asian stocks rebounded from the biggest drop in more than seven months yesterday, damping haven demand.
Russia Intervenes with Interesting Offers to Bail Cyprus Out
The Russian Finance Minister commented that his nation will offer an alternative to the existing Eurozone deal that has caused controversy and disbelief across the world.
Crucial Cyprus Tax Vote Coming Up, Putin Blasts Savings Levy
New proposal in favor of smaller savers, Putin blasts the savings tax putting more pressure on the vote and Presidents Nicos comments on the future of Cyprus without the bailout deal.
Sterling Seen 'Properly Valued': Bank of England's King
Bank of England Governor Mervyn King said on Thursday that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
You Bought Apple Shares at $700 for the Wrong Reasons, Selli
If you bought your shares in September at over $700 then you’ve lost nearly 40 per cent. In which case if you’re holding on to your Apple Stock, make sure to hold them tightly and hope for the best. While the share price drop of Apple is one of t
US Concern on China Currency Fades as Yuan Grinds Higher
After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
The European Recession Worsens
While the US is seeing bright skies, it’s a really bad time for the Euro zone. The ECB revised its expectations for the health of the Eurozone and lowered its forecast.


