PrimeTel EGM approves bid for Spidernet

The Extraordinary General Meeting of shareholders of PrimeTel (PTL) approved unanimously a Board proposal to seek full control of Spidernet (SNET) by offering 3 new PTL shares for every 4 SNET shares

What are U.N. Millennium Development Goals?

(Reuters) The U.N. Millennium Development Goals, approved in 2000 by U.N. member states and the world's top development organizations, are the theme of next week's General Assembly gathering of world leaders. The

Russian markets surge as confidence returns

Buyers flocked back to Russia's battered stock markets on Friday, sending prices soaring as trading resumed after a two-day halt and a $130 billion emergency state support package helped restore confidence. The

U.S. bad debt plan spurs rally, raises questions

A radical U.S. taxpayer-funded plan to restore confidence in battered financial markets by mopping up toxic mortgage-related debt triggered a rally in stocks, but raised questions over how long it would take