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Economics and Finance Situation Reports

Mar 23, 2013 | 1628 GMT

The Eurogroup, made up of the 17 eurozone finance ministers, will meet March 24 to discuss the Cyprus bailout, Reuters reported, citing a March 23 post on the Twitter page of Eurogroup President and Dutch Finance Minister Jeroen Dijsselbloem.

Mar 21, 2013 | 1124 GMT

China did not export any crude oil to North Korea in February, Reuters reported March 21, citing customs data. It marks the first time since early 2007 that no deliveries were made.

Mar 21, 2013 | 0952 GMT

European Commission President Jose Manuel Barroso will listen to Russia's concerns regarding the Eurogroup's handling of Cyprus' bailout, Barroso said, Voice of Russia and Interfax reported March 21.

Mar 21, 2013 | 0757 GMT

Cyprus and Russia are discussing cooperation in the banking and energy sectors in addition to a loan from Moscow, Cypriot Finance Minister Michalis Sarris said March 21, Reuters reported.

Mar 20, 2013 | 0914 GMT

Cyprus and Russia did not reach a decision on a loan from Moscow during talks March 20, Cypriot Finance Minister Michael Sarris said, Reuters reported.

Mar 19, 2013 | 1837 GMT

Cypriot lawmakers March 19 overwhelmingly rejected an EU bailout proposal that would have required a tax on deposits in the country's banks, AFP reported.

Mar 19, 2013 | 1205 GMT

Chinese regulators have warned four North Korean banks operating in China -- Tanchon Commercial Bank, Korea Kwangson Baking Corp., Korea Daesong Bank and Golden Triangle Bank -- and have ordered them to stay within the limits of their permitted operations or risk penalties, a Beijing-based source said, Reuters reported March 19, citing Yonhap.

Mar 19, 2013 | 1055 GMT

Egypt will begin to ration subsidized bread and cooking gas using smart cards in two months, Minister of Supplies Bassem Ouda said March 19, Reuters reported.

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