By Jeremy Gaunt, European Investment Correspondent LONDON, Jan 24 (Reuters) – Investors poured back into equities on Thursday, hoping a rescue plan for ailing bond issuers would stem credit losses, while allegations of a massive trade fraud at Societe Generale added to financial sector woes. Demand for bonds fell as equities rebounded but currency traders
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NEW YORK, Jan 24 (Reuters) – Six Middle East oil exporters stand to earn more than $6 trillion by 2022, and how they invest the funds could have financial and political repercussions that last decades, according to a report. With oil at $70 a barrel, the six Gulf Cooperation Council countries would reap export revenues
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The Minister of Economy and Trade of Moldova, Igor Dodon, will pay a visit to Cyprus on Monday and Tuesday. Accompanied his counselor, Alexandru Gozun, and Nicolis Nicolaides, Honorary Consul of the Republic of Moldova, Dodon will arrive from Chisinau at Larnaca airport early Monday morning. During the day he will have a meeting with
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Any effort, which would improve the relations between Greece and Turkey, surely will have beneficial effect on the Cyprus problem, Cypriot President Tassos Papadopoulos said on Wednesday, commenting on Greek Prime Minister’s Costas Karamanlis visit to Turkey. Papadopoulos also said he had a telephone conversation with Karamanlis on Monday, in view of the visit. Asked
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Some half a million computers are infected by bots every day, according to data compiled by PandaLabs in its annual report on malware activity in 2007. Approximately 11% of computers worldwide have become a part of criminal botnets, which are responsible for 85% of all spam sent. Creators of botnets, known also as “bot herdersâ€
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Nokia announced that the N95 8GB is the first ever mobile phone to receive Digital Living Network Alliance (DLNA) certification for interoperability of wired and wireless consumer devices. For the consumer, this translates into convenient and intuitive connectivity between your DLNA Certified home electronics devices, personal computers, and the Nokia N95 8GB. DLNA technology enables
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Motorola, Inc. announced that it has signed a definitive agreement to acquire Soundbuzz Pte. Ltd., a privately held, leading pan-Asian music provider. The acquisition, which is subject to customary conditions, is expected to close in the first quarter of 2008. Through its MOTOMUSIC service, Motorola has more than two years experience delivering mobile music to
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The World Health Organization (WHO) is concerned about the health situation in and around Gaza and the suffering this has caused for civilian populations in the area. In Gaza, the lack of electrical power, arising from a fuel shortage, and restrictions on the movement of people and goods, including medicines, jeopardize the continuity of basic
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European stocks opened higher on Wednesday with financials in the lead, building on the previous session’s gains sparked by the U.S. Federal Reserve’s interest rate cut and tracking advances in Asian equity markets. European stocks opened higher on Wednesday with financials in the lead, building on the previous session’s gains sparked by the U.S. Federal
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By Louise Heavens SINGAPORE, Jan 23 (Reuters) – Asian shares rallied on Wednesday after the Federal Reserve’s biggest interest rate cut in over two decades, but nagging fears of a U.S. recession prompted many indexes to give up some of their early gains. Europe’s stock markets were tipped to notch up modest opening gains, with
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