Motor vehicle registrations dropped for a second straight month in February, falling by 26% over the same month of 2008 to 4,130, compared with 5,584 in February 2008. Registrations of private saloon cars fell by 21.7% in the same month. For the first two months of the year total registrations of motor vehicles fell by
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Business Services sector added value in real terms increased by 6,4% in 2007, compared to 7,3% increase that was realiSed in 2006, according to the annual report «Statistics on Business Services». Statistical Services data released on Tuesday, showed that at current market prices, value added in 2007 increased by 17,5% to 807,2 mn euro compared
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Britain's goods trade gap with the rest of the world widened more than expected in January, as a record trade deficit with non-EU countries outstripped an improvement in the trade gap with Europe. The Office for National Statistics said that Britain's goods trade gap widened more than expected to 7.745 billion pounds in January from
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Banking worries shot back into equity markets on Wednesday after leading European bank UBS said said it saw its earnings at risk for some time, weighing on investors a day after many had their best day since December. Worries also returned about China's economy with news of a severely shrinking trade surplus. The dollar clawed
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UBS said earnings would remain at risk due to its exposure to illiquid and choppy markets, as it revised up its 2008 net loss, the biggest in Swiss corporate history, to include a large U.S. tax fine and extra writedowns. UBS, which is struggling to rebuild its reputation after being hit hard in the crisis,
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Bernard Madoff, accused of an "unprecedented" $50 billion financial swindle, was charged on Tuesday with 11 criminal counts that could put him in prison for the rest of his life. Madoff, 70, a former Nasdaq stock market chairman and money manager, is expected to plead guilty on Thursday, his lawyer said. U.S. prosecutors provided new
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Sony Computer Entertainment America will make movies and television programs from NBC Universal available to buy or rent through Sony's PlayStation Network, the companies said on Tuesday. Under the deal, films from Universal Studios Home Entertainment and programs from NBC will be offered for download through the PlayStation 3 and PlayStation Portable in the United
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Apple will take third-quarter delivery of newly developed 10-inch touchscreens from Taiwan, a source said on Wednesday, amid talk the U.S. firm is developing a touchscreen PC. Taiwan touchscreen specialist Wintek already makes small screens for Apple iPhones, and has received orders for the larger ones that are roughly the same size as those used
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The Ecofin Council which convened here on Tuesday adopted a report for the Spring European Council that contains integrated country-specific recommendations to Member States regarding their economic and employment policies. The report assesses the progress of the Lisbon Strategy structural reforms within the context of the European Economic Recovery Plan. Cyprus was represented at the
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The US Treasury sold USD 34 bln of 3-year notes at a yield of 1.489%, the highest since November 2008. The bid/cover ratio was 2.26, down from a 2.67 ratio at the Treasury’s last sale of 3Y notes on Feb 10th. BNP Paribas analysts say the 3-year Treasury auction went well, but the real test
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