The Eurogroup made an unprecedented decision at the end of a marathon bargaining in the early hours of Saturday, imposing a so-called bail-in, or haircut, on Cyprus, meaning all depositors have to pay a one-off tax. This was fixed at 6.75 percent for deposits up to 100,000 euros and at 9.9 percent for deposits above that amount.
Holiday shopping spree significantly boosted China's retail sales during the week-long Lunar New Year festival, data released Friday by the Ministry of Commerce (MOC) showed.
China's railway police began a 60-day campaign on Tuesday against ticket scalpers - who buy tickets only to sell them at higher prices - ahead of Spring Festival.
The U.S. stocks closed lower Thursday as minutes of the Federal Reserve's Federal Open Market Committee (FOMC) showed that some Fed policymakers believe that ongoing asset purchases would likely last till the end of 2013.
Food prices - which make up about a third of the weighting in China's consumer price index - have risen further, in 36 major cities across China...
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