Markets
EU Gives Cyprus Bailout Ultimatum, Risks Euro Exit
The European Union gave Cyprus until Monday to raise the billions of euros it needs to secure an international bailout or face a collapse of its financial system that could push it out of the euro ...Pittsburgh Project Brings Opponents Together On Fracking Standards
Some of the nation's biggest oil and gas companies have made peace with environmentalists, agreeing to a voluntary set of tough new standards for fracking in the Northeast that could lead to a major ...Longer Routes Help Oil Tankers Mitigate Iran Sanctions
Oil tanker owners are cushioning the impact of Iranian trade restrictions by shipping crude over greater distances to some of Asia's biggest economies, the founder of Nordic American Tankers Ltd. ...Fed Holds Firm To Stimulus Plan
The Federal Reserve on Wednesday pressed forward with its aggressive efforts to stimulate the U.S. economy, saying it would take into account risks posed by its policies but also how much work still ...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 ...