NEW YORK (TheStreet) -- Popular searches on the Internet include Cyprus after news this weekend of a bailout plan partially funded by the nation's bank depositors.
The bailout, which was agreed to on Saturday, puts a 6.75% one-off levy on bank deposits up to €100,000 and 9.9% above €100,000.
Stocks around the world and the euro fell as Cyprus' Parliament delayed an emergency vote on the bailout plan for the second time. The Cypriot Parliament must back the proposal in order for it to pass. Now, the vote is expected to take place on Tuesday as possible amendments to the plan are discussed.
Cyprus banks, closed on Monday for a holiday, will also remain closed until Friday, in hopes of preventing a potential bank run. ATMs on the island were emptied over the weekend as residents tried to get their money out of banks before the plan went into effect.If the Parliament backs the plan, it would be the first time that deposits are used to fund a European nation's bank bailout.
Airbus is trending as the aircraft manufacturer has agreed to sell 234 planes to Lion Air in a $24 billion deal. The order includes 60 A320s, 109 A320neos and 65 A321neos, with the first planes to be delivered in 2014. The deal trumps Lion Air's $22.4 billion deal with Boeing (BA) last year for 230 planes. Lion Air has been expanding its fleet with expectations of 20% growth in traffic this year, according to its president director, Rusdi Kirana. It is adding flights in Indonesia to meet demand, a region Boeing has long dominated.
Suntech Power (STP) is another popular search. The Chinese solar panel maker said it defaulted on $541 million of its bonds due on Friday. Due to the company's failure to repay the notes, it will default on credit lines with International Finance Corp. and Chinese domestic lenders. Suntech said it received a notice of default and acceleration relating to its failure to pay the principal amount from Wilmington Trust Co., the trustee for the bonds.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV