Global Economy
Impact Of ‘Sequester’ Budget Cuts On U.S. Jobs May Be Exaggerated
Deep government spending cuts are unlikely to weigh on U.S. employment as heavily as initially feared, with most of the impact reducing hours worked rather than payrolls, according to economists. The ...Cyprus Lawmakers Reject Bank Tax; Bailout In Disarray
Cyprus overwhelmingly rejected a proposed levy on bank deposits as a condition for a European bailout on Tuesday, throwing international efforts to rescue the latest casualty of the euro zone debt ...How The Scheme To Punish Cyprus Savers Unfolded
Just three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. His fellow leaders were all friendly enough. Hours before he ...Cyprus Parliamentary Vote On Deposits Tax Uncertain
The government of Cyprus is hoping to push a divisive tax on bank deposits through parliament on Tuesday in a bid to stave off a default that could reignite the euro zone crisis. Breaking with ...Cyprus Working On Deal To Ease Bank Levy As Depositors Flock To ATMs
Cyprus was working on a last-minute proposal to soften the impact on smaller savers of a bank deposit levy after a parliamentary vote on the measure central to a bailout was postponed until Monday, a ...
EU Wants To Include Financial Services In U.S. Trade Talks
The European Union's top trade official said on Saturday he wants financial services to be included in negotiations on an ambitious EU-U.S. free trade pact. The United States and the 27-nation EU ...