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- (AFX UK Focus) 2008-11-11 18:21 Two Cyprus banks put rate hikes on hold (Interactive Investor)
NICOSIA, Nov 11 (Reuters) - Two of Cyprus's largest banks said they would freeze increases or planned increases in interest rates charged to consumers after an angry backlash from the finance ministry. Cyprus's finance ministry expressed "extreme displeasure" at moves afoot to raise rates to consumers and had a meeting scheduled with bankers for Wednesday. Lender Bank of Cyprus said on Tuesday ... www.iii.co.uk
- GM may run out of operating cash this year - Business Standard
Available cash fell to $16.2 billion on September 30 from $21 billion at the end of June, the largest US automaker said on Friday as it reported a $4.2 billion third-quarter operating loss. Merger talks with Chrysler LLC were also suspended ... www.business-standard.com
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