Hewlett-Packard Co unveiled several new products for the important fall season, including thin and light laptop PCs and an eye-catching new netbook. The world's No. 1 PC maker has ably navigated a steep industry downturn in computer sales, managing to grow its global market share to 20 percent even as consumers and businesses dial back
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The British economy has probably started growing again but recovery will be slow and risks to inflation are still to the downside, Bank of England Governor Mervyn King said on Tuesday. King also defended the work of the BoE Monetary Policy Committee (MPC) after criticism from former member David BlancHflower, who said King dominated it
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Euro zone labour costs jumped in the second quarter, led by rises in industry and the construction sector, despite a hefty fall in employment and increasing joblessness. Hourly labour costs in the 16-country euro area rose 4.0 percent in the April-June quarter against the same period of 2008, up from a 3.6 percent rise in
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Employment in Cyprus recorded a reduction during the second quarter of 2009, according to estimates published by Eurostat. The employment rate in Cyprus for the second quarter of 2009 fell by 0.5%, compared with the same quarter of the previous year. For the same period, the reduction in employment rate was 1.9% in EU 27
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Marfin Popular Bank Public Co Ltd announced the successful completion of the issue of a EUR500 mln 3-year Senior Debt under the EMTN (Euro Medium Term Note) for the drawdown of medium term capital. An important aspect of the issue was that the total demand for the issue reached EUR650 mln (1,3 times oversubscription). International
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World stocks held steady on Tuesday while the dollar held above this week's seven-month low against the yen as focus shifted to the state of U.S. consumers from a trade spat between the United States and China. A year after Lehman Brothers collapsed, risky assets are almost back at September 2008 levels and some G7
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Britain's leading shares were flat early on Tuesday, pressured by losses in heavyweight oil majors as investors awaited UK inflation data to gauge the extent of economic recovery. By 0802 the FTSE 100 was up 0.36 points at 5,019.21. Gains in Asia overnight, where shares hit multi-month highs helped provide some underlying support to the
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Kudrin says Russia to grow to 2050 By Dmitry Zhdannikov and Darya Korsunskaya MOSCOW (Reuters) – Sceptics who say the BRIC idea is dead because the Russian economy has fallen much sharper than its emerging market peers will be proved wrong as Russia will show solid growth in the long-term, Russia's Finance Minister said on
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Outgoing conservatives pledge belt-tightening By George Georgiopoulos (Reuters) – Greeks head to the polls on October 4 with the economy in its worst shape in years and fiscal health warnings flashing red, knowing that whoever wins the election faces big budgetary headaches. The global downturn has tripped the consumer-driven boom Greece enjoyed after adopting the
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Nikkei average edged up 0.2 percent in choppy trade on Tuesday, buoyed by Canon Inc and other exporters as the yen held steady against the dollar, but worries that it may only be a brief respite limited gains. Japan Airlines failed to add to gains made the previous day despite news that Air France-KLM was
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