EUROPE

Cyprus clinches last-minute deal, uninsured depositors lose out

Reuters) - Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return f...

By Staff Reporter | Published: 10 June 2013
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EUROPE

If you thought Zimbabwe's Gono was bad, what about Cyprus

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe's debt c...

By bloomberg | Published: 10 June 2013
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MINING & RETAIL

Cyprus-based firm plans $4 billion platinum project

A Cyprus-based firm has expressed interest in setting up a $4 billion platinum mine following government's repossession of huge mining ground previously held by the country's top mining company. Kar...

By Staff reporter | Published: 10 June 2013
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Business Daily Zimbabwe

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