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Moody’s ups outlook on Azerbaijan’s rating on higher oil revenues

Moody's Investors Service has changed its outlook to ‘positive’ from ‘stable’ on Azerbaijan's Ba1 issuer ratings for foreign- and local-currency government debt, taking into account the low government debt and the country's

31st July 2008
Cyprus

Nokia to invest US$ 150 mln more in innovation software, services

Nokia Growth Partners, a global private equity and venture capital management firm, announced an additional commitment of USD 150 mln from Nokia, increasing funds under management for direct investments to USD 250

31st July 2008
Business

Intel’s Barrett sees no slowdown in world PC market

Intel Corp, the world's biggest microchip producer, expects no slowdown in global demand for personal computers despite economic problems in the United States and in other countries, Intel Chairman Craig Barrett said

31st July 2008
Business

Ex-Credit Suisse broker missing as securities probe nears: report

A former Credit Suisse broker charged with fraud in an auction rate securities scam may have fled to his native Bulgaria, the Wall Street Journal reported on Thursday, citing people familiar with

31st July 2008
Business

Shell Q2 profits up 5 pct on high oil prices

Royal Dutch Shell Plc reported a 5% rise in second-quarter current cost of supply (CCS) net income to $7.9 bln, and said it beat analysts' forecasts, on the back of high oil

31st July 2008
Business

HBOS profits hit by writedown, mulls asset sales

LONDON, July 31 (Reuters) – HBOS Plc, Britain's biggest home lender, reported a 51 percent drop in first-half profits on Thursday as it took a 1.1 billion-pound ($2.2 billion) hit on debt

31st July 2008
Business

UK interest rates mildly restrictive-BoE’s Besley

British interest rates are bearing down on the economy but that is justifiable given the inflation outlook, Bank of England policymaker Timothy Besley said in an interview published on Thursday. "(Rates) are

31st July 2008
Business

Europe stocks inch higher; Shell update boosts oils

 European stocks inched higher in early trade on Thursday, with energy shares gaining ground after Royal Dutch Shell posted a rise in quarterly results, while investors digested a raft of corporate results.

31st July 2008
Business

Champions League: Anorthosis FC beat Rapid Wien 3-0

Cypriot Anorthosis Famagusta FC took a giant stride towards the UEFA Champions League third qualifying round with a 3-0 victory over SK Rapid Wien, in a match held in Larnaca’s Antonis Papadopoulos

31st July 2008
Cyprus

Asia stocks edge up but growth fears linger

Most Asian stock markets rose on Thursday after a move by central banks to boost liquidity in stormy financial markets balanced out a $4 rebound in oil prices and the constant fear

31st July 2008
Business
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