FIFA has quashed talk of a winter World Cup in 2022, saying it has no plans to change the international calendar and that any switch of dates would have to be proposed by the Qatari hosts. Qatar also said it was going ahead with organising the tournament in the summer as presented in its bid.
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News Corp has told Britain it might separate Sky News from BSkyB to avoid a lengthy review of its move to take full control of the satellite broadcaster, the Financial Times reported. Citing three people familiar with talks between News Corp and the government, the FT said on Thursday that selling the 24-hour satellite news
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Morgan Stanley's fourth-quarter shareholder profit surged 60% as rising fees from retail brokerage helped offset the weak fixed-income trading results that have marred earnings across Wall Street. Adjusted profit fell well short of analysts' average forecast, but revenue exceeded expectations, and the bank's shares rose 2.3% to $28.38 in early trading. The results, while mixed,
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Loss-making Cyprus Airways is expected to get a cash injection of 20 mln euros as compensation for losses incurred by a Turkish flight ban, the government said on Thursday. The state-controlled carrier is expected to show losses of around 30 mln euros for 2010. The cash injection was to be given on condition the company
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Bank of Cyprus announced that it has signed a memorandum of cooperation with government-owned China Development Bank Corp. to co-finance deals in the areas of shipping, renewable energy and development projects in Cyprus and Greece. CDBC, which primarily focuses on project finance projects related to Chinese foreign investments in developed and developing economies, had assets
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China will invest 2 trillion yuan ($303.8 billion) over the next five years to build water-related infrastructure projects and improve rural drinking water quality, state news agency Xinhua reported on Thursday, citing a government official. In 2011, Beijing will invest more than 20 billion yuan to push forward construction of key projects, Xinhua said, citing
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Greece and euro zone paymaster Germany tried to fend off talk on Thursday that Athens needed help with debt repayments via a buyback with European funding that could face stiff opposition in national parliaments. A German paper said euro zone nations were mulling a plan to enable Greece and Ireland to write off some of
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Spain's government is working on a second round of recapitalisation for its regional savings banks, in an attempt to ward off investor concerns that property-related losses in the sector could lead to an Ireland-style bail-out. What are the possible options for Spain's 'cajas'? GOVERNMENT INJECTING MORE CAPITAL Chances: High The government could issue a bond
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The euro zone is considering allowing the European Financial Stability Facility to buy back the bonds of member states in trouble as part of a broader response to the sovereign debt crisis, a euro zone source said. The EFSF is a special purpose vehicle that can borrow money against government guarantees and lend it to
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Global recorded music sales fell around 9 percent last year as rampant piracy cut into major markets, threatening jobs, investment and the discovery of new artists, the industry's trade body said on Thursday. Some 19 out of 20 music tracks downloaded from the Internet were illegal, hitting demand for legitimate sales of physical and digital
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