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US dollar slides as ECB revives rate hike talk

The U.S. dollar tumbled from six-month peaks against the euro as comments by a European Central bank official rekindled speculation about an interest rate increase in the euro zone to quell persistent

28th August 2008
Business

European shares slip on fears over financials, oil

European shares slipped in early trade on Thursday as quarterly results did little to dispel worries over the financial sector and oil threatened to breach $120 a barrel on weather-related supply concerns.

28th August 2008
Business

Microsoft releases beta 2 of Internet Explorer 8

Microsoft Corp released on Wednesday a second test version of Internet Explorer 8, delivering a feature-complete upgrade to the world's most widely used Web browser. The world's largest software maker said the

28th August 2008
Business

Sony CEO thinking over Ericsson joint venture: report

Sony's joint venture with cell phone maker Ericsson must do better, Sony's chief executive was quoted as saying by a German newspaper on Wednesday. Asked whether Sony is planning to end its

28th August 2008
Business

Mystery Chinese iPhone worker becomes Internet star

A Chinese factory worker has become an Internet sensation after a picture of her smiling and flashing a peace sign to a co-worker testing an Apple iPhone stayed on the phone that

28th August 2008
Business

GM to put $200 million in India engine plant

General Motors Corp on Thursday said it would invest more than $200 million initially in a powertrain plant in India, as the troubled carmaker aims to double its share of a fast-growing

28th August 2008
Business

Toyota cuts sales forecast as demand sputters

Toyota Motor Corp, the world's most profitable carmaker, cut its 2009 vehicle sales forecast by nearly 7% due to a severe downturn in Western markets driven by high fuel prices and a

28th August 2008
Business

UK house prices fall 1.9 pct m/m in Aug-Nationwide

British house prices fell 1.9% in the month of August to post their biggest annual drop since monthly records began in 1991, the Nationwide building society said on Thursday. The decline, which

28th August 2008
Cyprus

Oil nears $119, euro rallies on ECB talk

Oil prices rose for a fourth day on Thursday on worries that a tropical storm may strengthen to become the worst threat to U.S. offshore oil and gas production since 2005, while

28th August 2008
Business

CYPRUS WINE HISTORY: It’s In The Pipeline

CYPRUS GOURMET Incredulity reigns when I tell young colleagues in the wine business that wine tankers used to travel the seven seas transporting wine in bulk from the producing countries to importing

27th August 2008
Comment
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Freedom Holding Corp., parent of the CySE-licensed Freedom Finance Europe

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