ECONOMY

ECB executive board member Benoit Coeure challenges 'Cyprus template' suggested by Eurogroup president Jeroen Dijsselbloem.

Cyprus extends bank closure period in order to avoid mass withdrawals in connection with the bailout.

The president of Cyprus had promised the start of a new day after he clinched a last minute bail out deal in Brussels but the people of Nicosia woke up on Tuesday to much the same story.

Bank of Japan's new governor Haruhiko Kuroda reaffirms commitment to meet the recently-hiked inflation target.

Germany, Finland and Netherlands must approve aid while Cypriot banks cling to ECB lifeline.

China's steel production to rise 30 million tonnes this year but demand may not absorb increased supply.

Despite BoE's Funding for Lending Scheme, bank lending drops in February according to British Bankers' Association.

UK Asset Resolution, the 'bad bank' set up to unwind illiquid assets from bailed out Northern Rock and Bradford & Bingley, sees profit jump in 2012.

London leads home price increases as demand-supply gap continues to grow in UK housing market.

Cyprus wins last-minute bailout deal as eurozone finance ministers agree on an alternative proposal to generate funds.

20 percent tax to be imposed on Bank of Cyprus deposits of over €100,000, says source close to talks.

Cypriot president Nicos Anastasiades due in Brussels for last-ditch talks to secure bailout package.

Seoul is expected to announce stimulus measures as early as next week to boost its ailing economy.

Cyprus's troubled second largest bank Laiki to be restructured while controversial move to levy tax on bank deposits will be put to vote.

IBTimes UK business editor Martin Baccardax takes us through the week's big events, including the Cyprus crisis, dismal eurozone industry data and the UK Budget.

Despite pessimism over Osborne's Budget, poll shows Britons back him over Labour rival Ed Balls.

Lawmakers scrambling to agree a bailout deal ahead of European Central Bank deadline on financing.

Critics attack Osborne's Help to Buy Budget announcement over risk of new housing bubble, but Persimmon and Countrywide insist little risk.

OECD projects China to grow at 8.5% in 2013 and is on track to become the world's biggest economy by 2016.

BP will buy $8bn worth of shares and keep $4.4bn in reserve following the formal sale of half of its Russian joint venture to Rosneft

Britain comes in the third position at the international box office market with ticket sales amounting to $1.7bn in 2012.

Several hundred protesters, many of them bank employees, rallied outside parliament on Thursday (March 21st) after rumours that the island's second-largest lender, Cyprus Popular Bank was to be wound up.

Boutique technology merchant bank founder says that Funding for Lending is not working and tech needs more capital

George Osborne's budget on Wednesday is unlikely to alter the United Kingdom's credit rating, Moody's said following the Chancellor's statement.

Former UN climate convention executive secretary tells IBTimes UK that carbon trading can help make up for slow political progress.

The Central Bank Governor of Cyprus said on Thursday (March 21st) that a solution to the country's impasse was expected by Monday (March 25th).

ONS reveals debt and deficit dropped in February, despite Budget warnings by chancellor.

Markit's Composite PMI reading slips further to 46.5 as Germany's manufacturing sector surprisingly stalls

ONS reports 2.1 percent month-on-month jump in UK retail sales volumes following months of damp high street activity.