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Standard & Poor’s Ratings Services said today it lowered its long-term sovereign rating on the Republic of Latvia to ‘BBB+’ from ‘A-‘ due to the increasing risk of a hard landing and

Cyprus had the fourth best inflation rate in the EU in April, according to figures r by Eurostat. The annual harmonised inflation rate in Cyprus was 1.6% in April, compared to 1.4%

The newly appointed Chairman of the Cyprus Stock Exchange wants to modernize the exchange and improve operations further aimed at attracting even more institutional investors to the market. Georgos Koufaris, the new

Marfin Popular Bank has raised its profit forecast for 2008 and 2009 with the average growth in profitability now estimated at 39.6% and significant improvements noted in other ratios. Earlier, Marfin Popular

An exploit detected by NanoScan, an online scanner from Panda Software, led PandaLabs on the trail to uncover Mpack, a program used to download malware onto remote computers by exploiting numerous vulnerabilites.

Credit Agricole Luxembourg, a subsidiary of Credit Agricole Group, has signed an agreement with Bank Sarasin & Co. Ltd, based in Basel, Switzerland, with a view to acquiring Sarasin’s Luxembourg subsidiary, Bank

Parrot, one of the leaders in wireless peripherals around the mobile phone, has teamed with T-Mobile to offer T-Mobile customers Parrot’s leading range of hands-free products. The deal means that T-Mobile will

Motorola, Inc. has introduced two new Moto Q products: the Q 8, the GSM version of the original award-winning CDMA-based Moto Q, as well as the flagship fast global quad-band 3G QWERTY,