With the much-anticipated "Rock Band 2" now on store shelves, rival franchise "Guitar Hero" is sneaking into the news on several fronts. Most recently, Velvet Revolver guitarist Slash let it slip to Rolling Stone that "Guitar Hero" is working on a Jimi Hendrix special edition akin to what it did with Aerosmith. Metallica is another
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Speculators who built slightly more than 2 mln short positions on the share price of Bank of Cyprus (BOCY) through the Athens Stock Exchange on Thursday, which forced the price sharply lower are likely to be exposed Friday morning at the open, following the sharp rally in international stock markets. “Share prices are likely to
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The Service for Overseas Cypriots is moving forward to create a digital library and is in search of a place to establish a Museum for the Cypriot Diaspora, Director of the Service Stavros Epaminondas has told CNA, in an interview in which he analyses the role and the new goals of the Service. Epaminondas stressed
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President of the Republic of Cyprus, Demetris Christofias, will meet in New York, on the sidelines of the UN General Assembly, Greek Foreign Minister Dora Bakoyannis. According to a press release of the Greek Foreign Ministry, Bakoyannis will leave Saturday for New York to participate in the 63rd UN General Assembly. On the sidelines of
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By Kevin Drawbaugh and Richard Cowan WASHINGTON, Sept 18 (Reuters) – The Bush administration is developing a plan to soothe battered financial markets, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke told congressional leaders at an extraordinary Thursday night meeting in the U.S. Capitol. Massachusetts Democratic Rep. Barney Frank said afterward that the
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By Wayne Cole and Cheon Jong-woo SYDNEY/SEOUL, Sept 19 (Reuters) – Asia-Pacific nations kept up their efforts on Friday to shield the region from the fallout of Wall Street upheaval even as stock markets rallied in response to emergency action from the world's top financial authorities. Japan and Australia pumped a further $20 billion into
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Asian stocks and the U.S. dollar rose sharply on Friday as U.S. policymakers met to design a broad plan to resolve a crisis that has reshaped the banking industry and threatened the global financial system. U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke would work through the weekend on a plan that
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Governments on both sides of the Atlantic took radical steps to restore confidence in battered financial markets on Thursday, as the United States proposed a taxpayer-funded mopping up of toxic mortgage-related debt and Britain cracked down on short selling of bank stocks. The impact was immediate and dramatic, driving the U.S. stock market up by
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The world's top central banks joined forces on Thursday to throw a multi-bln dollar lifeline to global markets in a dramatic effort to free up bank-to-bank lending, frozen by the upheavals on Wall Street. In an unprecedented move, the U.S. Federal Reserve made an extra $180 bln available to major central banks to lend on
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Oil rose to $100 on Thursday as a move by global central banks to add liquidity to money markets rallied world stocks and the United States energy sector struggles to restart operations shut by Hurricane Ike. U.S. crude traded up $2.62 to $98.78 a barrel by 1205 GMT after touching a high of $100.10 earlier,
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