Friday, March 29, 2013

Yen Stable, Weakened Asian Exchanges Related To The Cyprus Deal

Yen Stabil, Bursa Asia Melemah Terkait Kesepakatan Cyprus

Monexnews-the Yen remained steady and Asian stock exchanges plunged Monday after a proposal from Cyprus made investors fret, while the gains experienced by Wall Street stalled, hitting sentiment in the market.

The European Finance Ministers want Cyprus to pay 6.2% of their deposits in return for help worth 10 billion euros (or equivalent to $ 13 billion). If approved by the Parliament on Monday, it will be the first time a new example in Europe, raising fears that it might become a new chapter in the European bailout package.

(AR)



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Title Post: Yen Stable, Weakened Asian Exchanges Related To The Cyprus Deal
Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Mohammad Zulfi Satriawan

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