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31. Defensive Eurozone: Russell Eurozone Index Indicates a Defensive Eurozone as Cyprus Gets a New Bailout Deal
SEATTLE, WA -- (Marketwire) -- 03/27/13 -- The Russell Eurozone Index has returned 0.9% year-to-date as of March 25th, with defensive stocks as reflected by the Russell Eurozone Defensive Index (+3.1%) outperforming dynamic stocks as reflected by th
32. British Banks Told to Raise Extra Capital
The Bank of England told British banks to raise capital by the end of the year to cushion losses and maintain lending.
33. Economic Sentiment Slips in Europe
The European Commission said its monthly economic sentiment indicators dropped in March but a measure of consumer confidence was little changed.
34. Crude Oil tops $95
The price of crude oil climbed to more than $95 a barrel Tuesday in New York ahead of an expected reported rise in U.S. durable goods orders.
35. Cyprus Climbs Back Aboard; Banking Union 'a Farce'
Cyprus has been clawed back from the brink of a likely banking sector default in last-minute negotiations, but a week of desperate wrangling has outlined the shortcomings of the 17-member euro currency bloc.
36. Cyprus Wins Eurozone Backing With Budget Deal
Cyprus on Monday hammered out a new bailout deal with its international creditors, casting aside a despised bank depositor tax in favour of forced losses on large players in its two biggest lenders.
37. Markets Rise on Cyprus Bailout Deal
Asian stocks rallied Monday after Cyprus worked out a $13 billion bailout deal officials said imposes a tax on large deposits but spares smaller depositors.
38. With Cash Sparse, Cyprus Retailers Shun Credit Cards
Banks in Cyprus have been closed for nine days to avoid a run by panicking depositors as the government negotiates a bailout. Some gas stations in the capital insist on cash only.
39. Cyprus Passes Bailout Measures
The Cyprus Parliament passed measures on Friday to avoid a financial catastrophe.
40. Cyprus Mulls Deposit Tax to Dodge Meltdown
The finance minister of Cyprus said Friday the cash-strapped country was again considering an unpopular levy on bank deposits to avert financial meltdown.
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