Banks in Cyprus were set to open again March 28 as temporary capital controls were introduced, Cyprus Mail reported.

Standard & Poor's has raised Turkey's sovereign credit rating from double-B to double-B-plus with an outlook of stable, Dow Jones Business News reported March 27.

Cypriot banks will reopen March 28 for the first time in almost two weeks, The New York Times reported March 27.

Polish company Lubava and the Armenian Defense Ministry's Charentsavan Machine-Building Plant signed an agreement to establish an Armenian-Polish joint venture, Mediamax reported March 27.

China and Brazil on March 26 signed an accord to use their own currencies in bilateral trade, Reuters reported.

Eurozone finance ministers have agreed on a 10 billion-euro ($12.9 billion) bailout deal for Cyprus to prevent its banking system from collapsing and keep the country in the eurozone, BBC reported March 24.

Troika officials failed to reach an agreement in negotiations on a Cyprus bailout March 24, Xinhua reported.

At least 1,000 Cypriot bank employees marched from the headquarters of the Cyprus Union of Bank Employees toward the presidential compound March 23 to protest the terms of the recently agreed upon EU bailout, AFP reported.