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Tuesday, March 19, 2013

Asian shares rebound from Cyprus bailout scare, vote eyed

Visitors cast their shadows prior to a ceremony marking the end of trading in 2012 at the Tokyo Stock ExchangeBy Chikako Mogi TOKYO (Reuters) - Asian shares rebounded on Tuesday from the previous session's steep falls, but investors remained wary over a bailout plan for Cyprus which was set for a parliamentary vote later in the day. Confidence was partially restored by news on Monday that the Eurogroup decided to give Cyprus more flexibility over a bank levy which is part of the bailout conditions, after a teleconference of euro zone finance ministers. A Greek finance ministry source said Cyprus would still need to raise 5. ...



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