In Cyprus, Big Losses Expected On Deposits

International lenders have assumed the country’s economy would shrink 3 percent, but with the chaos of recent weeks it may shrink 5 to 10 percent.

Sections:  news   world   business   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
BING NEWS:
  • Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
    Rivian Automotive Inc. on Thursday posted a larger-than-expected quarterly loss and revenue that were below expectations, but held on to its sales and production outlook, with the stock eking out a ...
    11/7/2024 - 12:20 pm | View Link
  • Qualcomm’s Unexpected Guidance Amid Future Apple Losses: Hold Rating Maintained
    Citi analyst Christopher Danely has assigned their neutral stance on QCOM stock, giving a Hold rating today. Christopher Danely’s rating ...
    11/7/2024 - 1:29 am | View Link
  • Expected losers of Trump’s victory – Global trade, offshore wind, Mexico, China
    UBS listed in a note what he sees as potential losers in the wake of Former President Trump’s second presidential win.
    11/6/2024 - 4:28 am | View Link
  • Berkshire Hathaway Suffered Unusual Losses in Its Insurance Business
    The first occurred in Berkshire Hathaway’s primary insurance business where the company boosted its estimated liability by $789 million for business incurred before the start of ...
    11/4/2024 - 8:57 am | View Link
  • Big issues, surprise races and ticket-splitting: 5 things to watch in the battle for Congress
    The fights for control of both the House and the Senate are expected to be close as Democrats defend a slim Senate majority and Republicans defend a slim House majority.
    11/3/2024 - 11:14 pm | View Link
  • More

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News