Sales top hopes at UK’s Home Retail

Home Retail Group, Britain's biggest household goods retailer, on Thursday posted better than expected second-quarter sales at both its Argos and Homebase businesses. "Argos and Homebase performed well, delivering cash margin ahead

Steve Jobs strides back onto Apple stage

Steve Jobs stepped back into the spotlight for the first time in nearly a year on Wednesday, drawing a standing ovation before unveiling new and cheaper iPods for Apple Inc. But Apple's

Cyprus USB Bank to boost capital

USB Bank Plc (USB) decided to proceed with an increase of share capital via a rights issue. The potential amount of capital to be raised is approximately EUR15 mln. The Board also

Cyprus ranks 40th in Doing Business Report

Cyprus ranked 40th among 183 countries in the World Bank's ''Doing Business Report'' for 2010, covering the period June 2008 through May 2009. This is the first time Cyprus is participating in

Asian shares firm, oil up, dollar defensive

Asian stocks rose on Thursday as investors continued to switch into riskier assets amid growing confidence the global economy is recovering, keeping the dollar on the defensive. After hitting its weakest value

OPEC holds output steady, looks to economy

OPEC early on Thursday agreed to hold output targets steady after top exporter Saudi Arabia looked to economic strength to bolster the oil price and dismissed bulging inventories. As widely expected, the