Japan's Nikkei falls on Cyprus deal worries
TOKYO, March 26 (Reuters) - Japan's Nikkei average fell in early trade on Tuesday after a senior euro zone official said the Cyprus rescue could be a new template to deal with other banking problems in the region. The Nikkei dropped 0.6 percent to 12,468.06, while the broader Topix index eased 0.5 percent to 1,042.18. The Cyprus deal is forcing depositors and bank bondholders to bear losses, and Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of euro zone finance ministers, said the Cyprus bailout represented a new model for resolving banking crises in the currency bloc.
- Pope attacks mega-salaries and wealth gap in peace message
- Atheists face death in 13 countries, global discrimination: study
- South Africa admits mistake over 'schizophrenic' Mandela signer |
- Thai military heads agree to meet protest leader at weekend |
- Missouri executes man for killing good Samaritan motorist in 1994