Cyprus approves first post-bailout budget

NICOSIA: The Cyprus parliament has approved the island's first post-bailout budget providing deep spending cuts in 2014 of about 10 per cent to ensure international bailout targets are met.

Greece pressures euro, investors seek safety

LONDON (Reuters) - The euro neared a three-month low and safe-haven German bonds and the Japanese yen rose on Wednesday as political disarray in Greece and the rising costs of fixing Spain's banks fueled fears the euro zone debt crisis would take a sharp turn for the worse.