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.

Banks' book-keeping leaves investors in the dark - watchdog

LONDON (Reuters) - Big variations in how major European Union banks do their accounts can leave investors guessing over their financial health and could also undermine financial stability, a top regulator said on Monday.