Turkish banks face tough year

The Turkish banking sector faces a difficult year in 2009, with economic weakness causing earnings pressure on the back of rising non-performing loans and narrowing margins, according to Capital Intelligence, the international

Rouble pressures on Russian corporates

The recent decline in the value of the Russian rouble could exert pressure on the ability of Russian non-financial corporate issuers to service debt, Moody's Investors Service said in a new special

Oracle hosts Technology Day for Cyprus execs

Oracle Cyprus hosted its Technology Day for Oracle solutions and middleware in a presentation to about 150 IT managers and senior executives of Cyprus companies and public services. “We will continue to

UK economic recovery depends on green jobs -Brown

Britain's prime minister said on Friday a "vast expansion" of carbon-cutting technologies was crucial to economic recovery but drew criticism for not announcing new support. Gordon Brown chaired a meeting of business