One of Wales' top restaurants has been forced to close because of financial difficulties.

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An eco-centre in Machynlleth, Powys, has closed its cafe and vegetarian food store because of financial difficulties facing its trading arm.

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It suspended operations in 2001 because of financial difficulties but recently re-opened.

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She said the cafe and shop a few doors away were closed on Friday because of financial difficulties facing CAT plc, which in turn were fuelled by the economic downturn.

BBC: Centre for Alternative Technology cafe, food store shut

According to the Associated Press, one anonymous insider said the private equity firms sought to squash the deal over questions about Harman's financial health, not because of any financing difficulties in a tight credit market.

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Hassan Radmard, head of trade development at the Ministry of Trade and Industry, said Monday that the increase in prices of poultry and dairy products was a result of difficulties in buying animal feed, transporting goods from ports and completing financial transactions because of sanctions, official student news agency ISNA reported.

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In the US, for instance, financial problems of the state of California are less dramatic for Californian banks because their activities and asset holdings are more diversified across the US. If a bank faces financial difficulties, funds required to restructure or recapitalize the bank would not have to come from the California government, but rather from a federal institution.

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