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Standard & Poor’s Ratings Services broadly estimates that valuation write-downs of subprime asset-backed securities–primarily collateralized debt obligations (CDOs) of ABS but also subprime residential mortgage-backed securities (RMBS)–could reach $285 billion for the

United Internet AG of Germany announced the Group’s preliminary, unaudited results according to IFRS for the fiscal year 2007. Consolidated sales grew by 26.7% to EUR 1,487.4 mln. Preliminary earnings before interest,

MobileAccess Networks, a leading global provider of multi-service in-building wireless solutions for operators and enterprises, has launched its Middle Eastern operations with a local office presence in Dubai. Building on its success

Fastweb, the Italian fixed network operator, has selected Nokia Siemens Networks as a technological partner when it launches mobile services later this year. Italy’s largest alternative broadband provider will start complementary wireless

The business of Austrian Post proceeded favourably in 2007. Total revenue increased by 33.3% to EUR 2,315.7 mln. A major contribution to the growth in revenues (about EUR 500 mln) was the

Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, has predicted that boat ownership levels in Dubai will increase by 15% within

The pure commercial-banking model in Islamic banking in the Gulf Co-operation Council (GCC) is being increasingly complemented by other, recently developed forms of more specialised Shari’ah-compliant financial intermediation, Moody’s Investors Service said

The dollar eased back towards record lows versus the euro on Wednesday as a pick-up in risk appetite prompted by central bank measures to boost liquidity petered out. On Tuesday the Federal