The outlook for Ireland's banking system remains negative, Moody's Investors Service said in a new Banking System Outlook published today. The outlook is unchanged since 2008 and principally reflects the rating agency's view that the Irish banking system has not yet fully stabilised, despite the removal of large real-estate portfolios from the banks' balance sheets
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Sony Network Entertainment International announced that the company's Music Unlimited service now offers users the ability to listen to high quality audio through the service's PC (Windows and Mac OS), Sony Xperia and other Android smartphones and tablets, Sony Android Walkman, and PlayStation3 (PS3) computer entertainment system applications. By turning on the high quality streaming
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KEAN welcomes Valentine's Day by bringing you the ‘love photo booth’ experience – a modern way to catch beautiful moments and fun impromptu photos while claiming prizes. KEAN will get into a love-celebrating mood on 8 and 9 of February at the Mall of Cyprus in Nicosia. Come with your partner at the Mall of
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A network cooperation between MTN and PrimeTel which signals the beginning of a new era in Cypriot Telecommunications was announced on Tuesday, January 29, in a joint press conference by the two companies. Pieter Verkade, CEO of MTN and Hermes Stephanou, CEO of PrimeTel specified the content of the collaboration: PrimeTel will use MTN’s mobile
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Lufthansa has been awarded a 5-Star ranking for its First Class product and service package. On board Lufthansa aircraft, the Skytrax rating system singled out the superb comfort of the First-Class cabin with ergonomically contoured seats, which convert into a fully flat, two-metre long bed. Top marks also went to Lufthansa in-flight entertainment, which offers
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Asian shares rallied on Tuesday as recent selling drew bargain hunters ahead of more U.S. economic data and a Federal Reserve policy decision later in the week that may offer clues to the Fed's stimulus plans. European markets were seen following Asia higher, with financial spread-betters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX
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The prospects of a country being forced to leave the euro zone have all but vanished since the middle of last year, a survey released on Monday showed. The poll of 956 investors by research group Sentix showed just 17.2% expected one or more states to leave the 17-state bloc over the next 12 months.
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Italy's troubled Monte dei Paschi bank said on Monday it had no evidence of bribery in a 2007 takeover now under scrutiny over alleged corruption, but acknowledged accounting irregularities under previous management over derivatives trades. Fabrizio Viola, appointed as chief executive last year after a clean-out of Monte dei Paschi's old management, said the bank
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Europe and Russia are getting closer to a deal on how to involve Moscow in bailing out indebted Cyprus after Russian Prime Minister Dmitry Medvedev signaled willingness to help. Medvedev was quoted as saying on Monday that Russia could provide support to Cyprus under certain conditions but the island itself and the European Union would
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The owners of Vivacom on Monday offered to buy out minority shareholders in the Bulgarian telecoms group in a deal that would value the company at about $557 million. The offer, published in Capital Daily newspaper, is 2.80 levs per share for a 5.91% stake, valuing the group at about 810 million levs ($557 million).
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