M&As will strengthen Russian banking sector

Moody's Investors Service believes that merger and acquisition (M&A) activity in the Russian banking system gained traction in 2010, a trend that is likely to accelerate in 2011. "Moody's considers this to

Yen hits record high versus dollar

The yen briefly hit record highs versus the dollar on Thursday as quake-hit Japan's nuclear crisis unleashed a global risk sell-off, while world stocks ticked higher after Tokyo stocks came off earlier

Major blackout possible in Tokyo

An unexpected, large-scale power outage is possible in Tokyo and surrounding areas on Thursday evening if power demand exceeds that of this morning, Japan's trade minister said. Trade minister Banri Kaieda said

Cyprus car regs continue to decline in Feb

Registrations of motor vehicles continued to decline in February, with the number of registrations falling by 8.9% over the year earlier in February to 3,223, according to figures from the Statistical Service.