YEREVAN, March 21. /ARKA/. Cyprus's stock exchange has extended a suspension of trading to Thursday and Friday, hit by a shutdown of banks amid financial turmoil engulfing the island threatened with default, CNBC reports Thursday.

The bourse said its decision followed that of authorities to extend bank closures to next week.—0-

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Tags: Cyprus, STOCK EXCHANGE

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Evdokimos Xenophontos, the deputy chairman of the Bank of Cyprus, one of the two banks needing recapitalisation, told reporters it was unacceptable for Cyprus to raid the deposits of non-Cypriots, Incyprus portal reports

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German Finance Minister Wolfgang Schaeuble said he regrets the rejection of an international bailout by the parliament of Cyprus, but said the euro zone’s offer to provide aid to the island nation still stands

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Tags: Cyprus, FINANCE MINISTER, Germany

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Fitch Ratings has placed the ratings of Bank of Cyprus (BOC), Cyprus Popular Bank (CPB) and Hellenic Bank (HB) on Rating Watch Negative to reflect downside rating risks arising from the deliberations to impose losses onto the banks’ depositors, Reuters reported today referring to the agency

Categories: Banks @en, General news, News, News of the hour | Comments Off on Fitch places Cypriot banks' ratings on rating watch negative, Reuters says

Tags: Banks, Cyprus, Eurozone

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European Central Bank board member Joerg Asmussen said Monday that Cyprus can adjust its bailout as long as it does not reduce its financial contributions, banki,ru reported citing France Press

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Moody’s downgraded Cyprus’s government bond rating Thursday by three notches from B3 to Caa3, citing the anticipated increase in the government’s debt burden, The Economic Times reported referring to the agency’s statement

Categories: anticrisis.am @en @en, Economy @en, General news, News, News of the hour | Comments Off on Moody’s downgrades Cyprus by three notches

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Standard & Poor’s Ratings Services has cut Cyprus’s rating two notches into highly speculative territory, citing escalating financial pressure and uncertainty as bailout negotiations remain unresolved ahead of a presidential election

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Moody’s has downgraded two Cyprus banks citing their large exposure to a possible Greek exit from the eurozone

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Tags: bank @en, Cyprus, Moody's

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