Cyprus finance crisis update, Cyprus Strikes Bailout Deal With Creditors, Cypriot authorities and international creditors has agreed on a bailout deal, clearing the way for the release of EUR 10 billion aid and eliminating the risk of bankruptcy. The plan includes closure of its second largest bank Laiki or the Cyprus Popular Bank. The agreement was evolved in a last-ditch effort to avert a collapse of the banking sector, just hours before a deadline set by the European Central Bank
From British house industry, U.K. House Prices Log Fastest Growth Since 2010, House prices in the U.K. advanced at the fastest pace in three years in March, driven by a notable improvement in the capital city on higher property demand, a survey by property researcher Hometrack showed Monday. House prices in England and Wales were up 0.3 percent in March from the prior month, the biggest increase since March 2010. On a yearly basis, prices remained flat in March
Meanwhile, Singapore Inflation Spikes On Transport Costs, Singapore's annual inflation accelerated to the highest level in eight months in February, due mainly to a faster growth in costs of private road transport, and was above economists' forecast
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