10 Things You Need To Know This Morning

Business Insider

Good morning. Here's what you need to know.

  • Concerns over Cyprus have sent markets tumbling around the world. Asian markets sold off in overnight trading, with the Nikkei down 2.71 percent, falling from its 4.5 year high. Europe is lower and U.S. futures are lower as well.
  • But the outcry over the levy was has reportedly prompted Cyprus' government to renegotiate the terms of the bailout. Matina Stevis of Dow Jones now reports that depositors with under €100K will be taxed 3 percent, those between €100 - €500K will be taxed 10 percent, and those with over €500K will be taxed 15 percent. Cyprus is now expected to delay voting on the bailout till Tuesday.


More From Business Insider

Rates

View Comments (0)