World stocks under pressure; yen firms

Fresh signs of a deepening global recession knocked world stocks lower for a second straight day on Friday but European bourses managed to find a steadier footing after reversing early losses. Appetite

Record tumble in Japan output signals dismal GDP

Japanese industrial production fell a record 9.6 percent in December, while core annual inflation almost evaporated, reinforcing expectations of a record economic contraction as the global financial crisis worsens. Unemployment hit a

Cyfield receives exemption on Nemesis bid

The Cyprus Securities & Exchange Commission (CySEC) granted an exception to Cyfield Development Co from the obligation to launch a mandatory takeover bid for the acquisition of the share capital of Nemesis