Deflation the only option for Greece-IMF chief

Deflation is the only way Greece can effectively tackle its debt problems, International Monetary Fund (IMF) Managing Director Dominique Strauss-Kahn was quoted on Monday as saying. "The only effective remedy that remains

China 3G standard phone sales to surge

Sales of cellphones using China's own 3G standard (TD-SCDMA) will grow 7-fold this year, boosted by China Mobile's push of new phones and services, research firm Strategy Analytics said on Monday. The

Sharp to launch 3D TVs this summer

Japan's Sharp Corp said it would begin selling 3D TVs this summer, the latest consumer electronics maker to enter the market for what is expected to be the industry's next hit product.

Cyprus could contract again in 2010 -C.Bank

Cyprus cannot rule out the possibility of negative economic growth in 2010, following a 1.7 percent contraction in 2009, Central Bank governor Athanasios Orphanides said on Monday. "Real GDP recorded a reduction