Oil fell on Monday as concerns that Hurricane Gustav would cause severe damage to the U.S. oil sector eased as the storm failed to pick up strength as it barrelled toward the
Motorola, Inc. and Deutsche Telekom announced a collaboration to deliver IPTV in Germany and Deutsche Telekom will use Motorola's High Definition (HD)-ready IPTV set-tops for its "T-Home Entertain" services. The collaboration will
Ericsson has signed the largest single contract in Vietnam, amounting to USD 450 mln, to develop and modernize Hanoi Telecom's nationwide mobile network. The strategic partnership, a first in Vietnam, will also
Lehman Brothers Holdings has intensified talks with Korea Development Bank (KDB) to raise as much as $6 bln in a share sale that could be concluded this week, the Sunday Telegraph reported.
South Korea's LG Display Co Ltd and Taiwan's Amtran Technology agreed on Monday to set up a joint venture in China to produce flat screen modules and manufacture TV sets for brand
President of the Republic of Cyprus Demetris Christofias leaves for Brussels on Monday to participate in the extraordinary meeting of the European Council later today, which will discuss the crisis in Georgia.
Cyprus Foreign Minister Markos Kyprianou has said that the Greek Cypriot side is proceeding to direct talks on September 3 with good will to help reach a political settlement and hopes that
British house prices fell for an 11th straight month in August to stand 5.3% lower than a year earlier, a survey by property consultants Hometrack showed on Monday. That was the biggest
Commerzbank aims to cut almost 2 billion euros ($2.95 billion) in costs by slashing 9,000 jobs and paring laggard investment bank Dresdner Kleinwort after swooping in to buy Dresdner Bank, it said
Oil rose above $116 a barrel on Monday, as a quarter of U.S. crude production was shuttered because of Hurricane Gustav, while Asian stocks were stung by slumping technology shares. Gustav was
