Latvia ratings downgraded; outlook remains negative

Capital Intelligence has downgraded Latvia’s long-term foreign currency rating to ‘BBB-‘ from ‘BBB+’ and its long-term local currency rating to ‘BBB’ from &ls...

US October housing starts, permits at record low

Construction starts on new U.S. homes fell to a record low in October, as did new applications for building permits, data showed on Wednesday, signaling that the national housing downturn may extend w...

US prices drop at record pace, China wary of unrest

China has told police to ensure social stability as its economy slows, U.S. inflation tumbled at a record pace and markets fretted on Wednesday about whether America's stricken car industry would...

Parex Bank’s ratings downgraded; outlook negative

Capital Intelligence, the international credit rating agency, has downgraded Parex Bank’s long-term foreign currency rating to ‘bb+’ from ‘BBB’ and its short-term foreign...

Ericsson, Telstra go live with world's first blade-based mobile softswitch

Ericsson has delivered the world's first mobile softswitch using blade technology, to Australian operator Telstra, which has already brought the new MSC Server Blade Cluster into commercial servi...

Poland enjoys strong economy, low risk, says Moody’s

Poland's A2 government bond ratings are supported by the country's high economic and institutional strength, Moody's Investors Service said in its new sovereign credit report on Poland....

Outlook stable for EMEA telecom sector

The outlook is stable for both incumbent integrated operators and wireless telecommunications companies in EMEA, Moody's Investors Service said in two Industry Outlook reports. The outlook for ...

N-Gage: smash, stomp and shatter with Mega Monsters

Mega Monsters, the latest N-Gage game from Nokia Games Publishing, introduces players to the biggest monster smash on mobile. The result of a mad scientist combining his supply of adorable animals, a ...

Trust Steering Wheel in time for Christmas

Race around the track at an incredibly fast speed. Keep ahead of the police or your opponent without crashing at a corner. Easily make u-turns and drive through chicanes... all on a PC or a PlayStatio...

Cyprus Commissioner Androulla Vassiliou at the launch of the European Antibiotic Awareness Day

Speech at the launch of the 1st European Antibiotic Awareness Day. EP Strasbourg, 18 November 2008 I am very pleased to be here today for the launch of the first European Antibiotic Awareness ...

Oil falls to 22 month low as economic gloom deepens

Oil prices fell toward $53, touching a fresh 22-month low on Wednesday, due to increasing signs of weakening demand as economic gloom deepened. U.S. light crude fell as low as $53.30 a barrel, the...

UK warns on cost of rehashing bank bailouts

British finance minister Alistair Darling said on Tuesday that any renegotiations of last month's 37 billion-pound ($56 billion) bailout package for the country's banks could prove costly fo...

Auto woes weigh on global stocks

World stocks and oil fell on Wednesday while government bonds and the yen gained as U.S. automakers begged for a bailout from Washington, adding to evidence that the credit crisis is crippling the rea...

Banks, commodities lead European shares down

European shares fell in morning trade on Wednesday, led by banks and commodities stocks, as prospects of a deep global recession continued to rattle investors. At 1002 GMT, the FTSEurofirst 300 in...

Toyota to cut output, Nissan downbeat

Reeling from a relentless sales slide, Toyota Motor Corp said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co renewed its pessimism ...