CANADA STOCKS-TSX may open higher on Cyprus bailout deal

Mon Mar 25, 2013 8:22am EDT
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March 25 (Reuters) - Toronto's main stock index looked set to open higher after Cyprus's bailout deal with international lenders appeared to remove the threat of a financial meltdown in the Mediterranean island.


* Cyprus clinched a last-ditch deal with international lenders to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including wealthy Russians, in return for a 10 billion euro bailout.

* Italy's two-year borrowing costs were little changed at auction, with investors weighing uncertainty over the country's political future against relief Cyprus reached a bailout, keeping the euro zone intact.

* Dell Inc confirmed it had received alternative buyout offers from Blackstone Group LP and Carl Icahn, following a $24.4 billion agreement last month to be taken private by its founder and private equity firm Silver Lake.

* Britain's 'bad bank' running down the loans of two bailed-out lenders repaid 4 billion pounds to the government last year, chipping away at a total owed of more than ten times that amount. [ID: nL5N0CH0P4]


* Canada stock futures traded up 0.56 percent   Continued...