World Bulletin / News Desk
Finance ministers of Eurozone on Monday gathered to discuss the bailout loan for the Greek Cypriots. Michalis Sarris, minister of finance for the Greek Cypriot administration, stated that "there was significant deposit loss due to sharing of banks's loss with account owners.
Sarris stated such a move would be "dangerous" and damaging for all EU states.
A total of 17 billion Euro is expected to be provided with the bailout programme where 8 to 10 billion is to be used for capital consolidation and the remaining for external debt payments.
Index sees increase of 1.1 percent from April, according to official data
Oil prices tumble after OPEC extends production cuts
3 major indexes close with gains for fourth trading day in row
Agency expects China's financial strength ‘to erode somewhat over the coming years’
The British capital's FTSE 100 index of leading blue-chip companies wobbled between gains and losses during the day, before finally closing down 0.2 percent.
BIST 100 index opens 0.17 percent lower; US dollar/Turkish lira rate stands at around 3.57
With his tough rhetoric on winning back American jobs, President Trump's elevation to the White House has raised serious fears over a new protectionist era.
Southeast Asia's third-biggest economy expanded 5.6 percent on-year in January-March period, compared with 4.1 percent in the same period last year and 4.5 percent in October-December.
Uber Freight aims to connect truckers with shippers by taking piece of $256B industry
BIST 100 index falls 0.27 percent while US dollar/Turkish lira rate stands at 3.59
The White House, already reeling over a number of controversies, denied that Trump pressured former FBI chief James Comey to stop a probe into ex-national security advisor Michael Flynn over contacts with Russia.