The sharemarket suffered its biggest fall in more than three weeks yesterday and volatility soared as a controversial bank bailout plan in Cyprus threatened to reignite the European sovereign debt crisis. Cyprus proposed a tax on the ...
Tags: Investors, Cyprus Bank, economy
THE Australian dollar was slightly lower as weak US consumer sentiment figures and concerns about the Cyprus bank bailout weighed on market sentiment. At 7am AEDT the local unit was trading at 103.58 US cents, down from 103.69 cents on ...