Cyprus to start privatising in two years - Government

(Reuters) - Cyprus approved a roadmap on Thursday to start privatising state companies in two years, a requirement of international lenders who threw the island a 10 billion euro ($13.6 billion)lifeline in March.

IMF sees first Cyprus bailout loan this month

WASHINGTON: The International Monetary Fund on Thursday said it would likely disburse its first bailout loan to Cyprus after next week's board meeting.

Canada Dollar Falls on U.S. Retail Sales Drop, European Concern

The Canadian dollar fell against its U.S. counterpart for the first time this week as U.S retail sales dropped the most in nine months and on reports that steps to strengthen Europe’s financial system were faltering.

Cyprus president warns of 'difficult days ahead'

NICOSIA: Cypriot President Nicos Anastasiades warned on Wednesday of "difficult days ahead" as he swore in a new finance minister for an island struggling to recover from a near financial meltdown and the need for a crippling eurozone bailout.

Euro Finance Ministers Grant Ireland, Portugal Eased Debt Terms

Euro-area finance ministers agreed to extend maturities on rescue loans to Ireland and Portugal, easing the terms on two recipients of European bailout aid in a show of support for their commitment to austerity.

US budget impasse weighs on markets

LONDON (AP) — Uncertainty over a budget battle in Washington and the stability of China's housing market pushed world stock markets lower on Monday.