The International Monetary Fund on Wednesday lowered its estimate for global write-downs for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses could rise in the face
Video gaming will hit the big screen next month when Sony Corp unveils a new game title for its Playstation3 game console at movie theaters. On October 5 and 6, four theaters
Google Inc is in the early stages of looking at ways to write software that would fully integrate plug-in hybrid vehicles to the power grid, minimize strain on the grid and help
The Council of Europe, as a defender of human rights, has an important role in the dissemination of cultural education, as well as the preservation and support of cultural diversity in Europe,
The Republic of Cyprus celebrates the 49th anniversary since independence and will mark the occasion with a military parade. The Defence Ministry has announced that infantry units, artillery and naval forces, members
Britain's top share index was flat at midday on Wednesday as gains by miners, life insurers and banks in the last session of a strong quarter was countered by weakness in oil
U.S. stock index futures pointed to a higher open on Wednesday after robust factory data from Asia and better-than-expected results from Nike encouraged investors as the quarter comes to a close. Employment
British retailer Marks & Spencer raised full-year profit hopes when posting an improved quarterly sales trend, but said costs were rising and it would be 2011 before the economy fully recovered. Executive
European shares look set to finish the third quarter with their best performance in nearly a decade on expectations of economic recovery while world stocks also rose strongly though not as much
Banks are starting to make money and should conserve the capital, including by not paying dividends, a senior International Monetary Fund official said on Wednesday. "There is a temptation when you go
