Warner Music and Motorola in mobile partnership

Motorola, Inc. and Warner Music Group Corp. announced a global strategic partnership to create new music-based products and experiences for the mobile platform. This groundbreaking agreement marks the first time a music

Stable outlook for Romanian banking system

The outlook for the Romanian banking system is stable, according to the latest Banking System Outlook for the country by Moody’s Investors Service in. While Romania‘s under-banked economy provides good prospects for

EC proposes wider scope for securities directive

The European Commission has issued its evaluation report on the Financial Collateral Arrangements Directive (2002/47/EC). The report concludes that the Directive has made the use of financial collateral and the enforcement of

Moody’s raises ratings of three Jordanian banks

Moody’s Investors Service has raised the outlook on three Jordanian banks’ long-term foreign currency deposit ratings from ‘negative’ to ‘stable’. This follows Moody’s earlier announcement, changing the outlook on Jordan’s sovereign ratings

Financial Mirror in news deal with euro2day.gr

The Financial Mirror has reached an agreement with Greece’s premier financial news site, www.euro2day.gr, for the exclusive use of business and economic news from Greece and other markets within the Greek-language supplement,

Baghdatis advances in Sydney

Cypriot tennis player Markos Baghdatis beat Czech Jan Hernych 2-1 set (6-4, 6-7, 6-3), in the second round of Sydney International men’s singles. In the first match, the Cypriot champion beat Latvia’s

Top Cypriot athletes for 2006 named

Cyprus‘ top athletes were honoured Tuesday night at a special ceremony, organised by the Sports Writers’ Association. Tennis player Markos Baghdatis was elected 2006 best athlete in men’s sports events for his

Venezuela stock market in free fall

Venezuela’s financial markets tumbled after President Hugo Chavez promised to nationalise the biggest phone and power companies. The Caracas Stock Exchange closed nearly 19% down, with bonds also lower, amid fears that

Norway firm wins Cyprus energy deal

The Cyprus Energy Regulatory Authority (CERA) has granted a licence to the Norwegian consortium Golar Energy to construct and operate a floating unit at the Vassiliko area that will operate with natural