Economics and Policy Brent crude rose toward $108 a barrel on Wednesday, recovering from a three-month low hit in the previous session, on hopes that a deal to bail out Cyprus could be reached although the uncertainty kept a lid on prices. More from Reuters Gold held steady on Wednesday, close to a three-week high as Cyprus's rejection of bailout terms triggered worries about a default and underpinned safe haven demand in gold. More from Reuters Lebanon’s long-awaited new salary scale draft law will be tied to an increase in working hours of civil servants and a tax hike on luxury goods, State Minister Marwan Kheiireddine has said. More from The Daily Star Depositors will rush to withdraw their money from Lebanese and foreign banks operating in Cyprus unless the EU abandons its demand to tax all deposits in the island, bankers have said. More from The
