Asian stocks gain, but China declines

Asian stocks rose led by technology companies and Japanese property developers, after Merrill Lynch & Co. raised its rating on Samsung Electronics Co. and UBS AG said a drop in real-estate companies

World Bank anti-corruption chief resigns

WASHINGTON (Reuters) – The head of the World Bank’s anti-corruption unit, Suzanne Rich Folsom, resigned on Wednesday to rejoin the private sector, a Bank spokesman said. Folsom, a U.S. ethics lawyer, had

Cyprus to set up Energy Centre

Cyprus, as an EU member state and having harmonised its legal framework with the European directives, provides a stable business environment for potential investors, President Tassos Papadopoulos said, adding that the Government

SNB: Repo rate raised

The SNB yesterday hiked the 1-week repo to 2.08% from 2.05% (where it had been since October 4 2007). The key to understanding this move is that the SNB targets 3-month libor,

FX Daily Commentary – Finotec

US dollar steady vs. euro after a sharp gains yesterday   By Rodian Rahnayev Finotec Analysis Team 17 January 2008       EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.47701.47351.4685 108.35108.00107.65 1.97401.97201.9650 1.10501.10451.1025