Archive for March 27th, 2013

New Overnight Developments Abroad - Daily Update

Confidence in Europe Hurt by Cyprus Situation

March 27, 2013

Cypriot banks will reopen tomorrow with capital controls.  Uninsured large depositors have taken a big hit. The euro sank as low as $1.2787, its weakest dollar value since November 21, 2012. There is fear of contagion in Europe.  While stocks in the Pacific Rim closed mostly higher, European equities are down 1.7% in Spain, 1.2% […] More