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.
However, regional markets struggled as profit-takers moved in after a healthy week and traders were spooked by reports the man probing Donald Trump's links to Russia will also investigate his business dealings.
In initial deals in the eurozone, Frankfurt's DAX 30 slipped 0.2 percent to 12,424.80 points and the CAC 40 in Paris also slipped 0.2 percent to 5,188.92 points compared with the closing levels on Thursday.
The greenback had soared along with global markets for months after Trump's November election victory on hopes his big-spending, tax-cutting policies would fire up the world's top economy and fan inflation.
Nasdaq closes with gains for seven consecutive trading days
Japanese car maker says battery sensors could cause engine fires
The application "will allow EasyJet to establish a new airline, EasyJet Europe, which will be headquartered in Vienna and will enable EasyJet to continue to operate flights both across Europe and domestically within European countries after the UK has left the EU," the no-frills airline said in a statement.
Energy sector that is undergoing transitional period requires new strategies, says Gas Exporting Countries Forum senior
OPEC Secretary General says meetings with US shale producers to continue
Tehran welcomes greater engagement of Turkish firms for Iran's upstream and downstream projects: Iranian Deputy Oil Min.
A return to $100 per barrel oil prices for a sustained period in unlikely, Petoro official says
Deal between Iran's Petropars, Total and Chinese CNPC is sign that return of sanctions is unlikely: Iran's deputy oil min.
Tokyo will contribute to stable world energy supply, says Katsuo Nagasaka, chairman of Chiyoda Corporation