Japan's NEC Electronics Corp, the world's No.12 chipmaker, said on Thursday it would team up with IBM and others on next-generation microchips in a bid to beat mounting development costs. Chip makers are working together to shrink chips and squeeze more power out of them, even as they try to keep costs below sliding prices.
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U.S. mobile phone companies have begun to see substantial returns from delivering data and not just voice, fueled by greater openness on their networks, industry leaders said on Wednesday. But top executives of three of the nation's four largest mobile carriers also said they are still worried by consumer demands for unfettered freedom to use
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Oil prices fell toward $100 on Thursday, weighed down by a stronger dollar and concerns over weakening demand. U.S. crude fell as low as $100.10, the lowest since early April, and was trading $1.73 down at $100.85 by 1501 GMT. London Brent slipped to $96.99, the lowest level since early March. It was trading $1.37
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The Board of Directors of Hellenic Bank Public Company Ltd decided to pay an interim dividend of 5 euro cent per share to the shareholders for 2008. The interim dividend will be paid to the shareholders on 20.10.2008. The cum-dividend date will be 19.9.2008. As a result, the beneficiaries of the interim dividend will be
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By Jonathan Cable (Reuters) The chances of a British recession are rising as the economy grinds to a halt, compelling the Bank of England to cut interest rates early next year after inflation has peaked, a Reuters poll showed on Thursday. The monthly poll, taken Sept. 4-11, gave a median forecast of a 55 percent
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President of the Republic of Cyprus Demetris Christofias, representing the Greek Cypriot community, and the leader of the Turkish Cypriot community Mehmet Ali Talat concluded their deliberations after a meeting in Nicosia, the capital of the divided island in the context of substantive negotiations aimed at finding a solution to the Cyprus problem. During the
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Goldman Sachs (GS) have removed Bank of Cyprus from their Conviction Buy List but have maintained their positive view on Bank of Cyprus’s balance sheet structure and long-term growth potential, and reduced the price target from EUR 11.50 to EUR 11 per share, which still implies an upside potential of 24% from current levels of
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Bank of England Governor Mervyn King warned the government on Thursday not to allow its spending to get out of control or start underwriting new mortgage lending as Britain nears its first recession since the early 1990s. The Labour government, well behind in opinion polls to the opposition Conservatives and expected by many analysts to
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Oil prices fell more than $1 on Thursday, nearing a five-month low, weighed down by a stronger dollar and concerns over weakening demand. U.S. crude fell as low as $101.43 and was trading 94 cents down at $101.64 by 0954 GMT. London's North Sea Brent slipped, outpacing the fall in U.S. crude prices, to $97.85,
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Worries about the global financial sector drove world equities to their lowest in more than two years for a second day on Thursday, while the U.S. dollar struck a one-year high against the euro. A strong dollar and concerns that the slowing global economy would dampen demand weighed on oil and commodity prices, with U.S.
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