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Stocks dip, led by tech; euro at 1-week low

Asian stocks slipped on Friday, at risk of a seventh straight day of losses, led by selling in the technology sector, though cheap valuations kept Japan's market in the black. Markets from

10th June 2011
Business

Australian banks replace electronic keys in wake of cyber attacks

Two top Australian banks are replacing the "SecurID" electronic keys of customers as banks beef up security after a string of cyber attacks on high-profile global companies. Citigroup Inc became the latest

10th June 2011
Business

Fitch likely to view Greek debt swap as default

A Greek debt swap or rollover would probably be considered a default and prompt a cut in its sovereign rating to C, while Ireland and Portugal's ratings would immediately be subject to

10th June 2011
Business

ECB takes hard line on Greece in rebuff to Berlin

The European Central Bank said on Thursday it opposed forcing private creditors to take part in debt relief for Greece, pushing back against Germany, which has demanded a bond swap to lengthen

10th June 2011
Business

Greece piles on austerity measures, economy dives

Greece's economy shrank far more than expected at the start of 2011, signalling a second wave of austerity measures prescribed by the EU and IMF will pile even more pain on a

10th June 2011
Business

Cyprus Q1 GDP flat on quarter, +1.8% year/year

Cyprus' gross domestic product was flat in the first quarter of 2011 on a quarterly basis, compared with 0.4% growth in the last quarter of 2010, the statistics department said in provisional

10th June 2011
Cyprus

Cyprus trade deficit for January – March 2011 down by 1.31%

GDP rises 1,8% in first quarter 2011 Cyprus trade deficit for January – March 2011 declined by 1.31% compared to the corresponding period of 2010, figures released by Cyprus' Statistical Service show.

9th June 2011
Business

Turkey prepares for pre-election Anonymous e-attack

– Turks to vote in election on June 12  With an election three days away, Turkey prepared on Thursday for attacks on official websites by Internet vigilante group Anonymous in a protest against

9th June 2011
Business

Cyprus EU presidency logo selection process begins

The process to select the logo for Cyprus’ forthcoming EU Presidency began here today, with the first meeting of the Evaluation Committee. Head of the Cyprus EU Presidency Secretariat Andreas Moleskis said

9th June 2011
Business

Over 1,000 Syrians flee to Turkey in 24 hours

Over a thousand Syrians have fled across the border into Turkey to escape violence in the last 24 hours and taken refuge in a tent camp there, a U.N. High Commissioner for

9th June 2011
Business
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Retail, construction boost econ sentiment in June

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