The Securities and Exchange Commission approved the Public Offer document made by SFS Group Plc (SFS.CY) to acquire up to 100% of the share capital of its subsidiary company White Knight Holdings Plc (WKH.CY). The consideration stands at EUR 0.35 per share. SFS already has a direct and indirect stake of 89.51%. The acceptance period
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Ocean Tankers Holdings Pcl (OCT.CY) announced its 1H08 results recording a net profit of EUR 4.45 mln, compared to EUR 0.84 mln in 1H07. The increase is associated with the acquired vessels made through the period, with revenues increasing from EUR 4.15 mln to EUR 15.23 mln. EBIT was also recorded significantly higher than 1H07at
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European shares gained 1.6 percent on Tuesday as a rally in banks gathered pace following results from Societe Generale and Standard Chartered and oil fell to a 3-month low at $118 a barrel. By 0837 GMT the FTSEurofirst 300 index of top European shares was up 1.5 percent or 17.6 points at 1,170.2 points, with
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Oil fell to $118 a barrel on Tuesday, a three-month low, as investors focused on rising OPEC supply and declining demand in the United States and Europe. The loss extends a slide from the July 11 record high of $147.27 a barrel and comes despite a storm in the Gulf of Mexico that is curbing
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ZURICH, Aug 5 (Reuters) – Swiss Re, the world's largest reinsurer, agreed to buy Barclays' life assurance portfolio for 753 million pounds ($1.48 billion) in cash, even as it wrote down more credit assets. Swiss Re said on Tuesday it would acquire about 760,000 life insurance and pension policies and annuity contracts, for which Barclays
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BEIJING, Aug 5 (Reuters) – The International Olympic Committee will review the Games torch relay after violent protests tainted this year's carrying of the flame for the Beijing Olympics, its president said on Tuesday. IOC chief Jacques Rogge said the executive board would look at how the torch relay is staged, but ruled out dropping
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NICOSIA, Aug 4 (Reuters) – An online voyeur was jailed for four years in Cyprus on Monday for spying on a teenage girl over a webcam in her bedroom that he switched on remotely. The 47-year-old was found guilty of installing "Trojan Horse" software in the computer of a 17-year-old he met in an online
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Intel Corporation is presenting a paper at the SIGGRAPH 2008 industry conference in Los Angeles on Aug. 12 that describes features and capabilities of its first-ever forthcoming "many-core" blueprint or architecture codenamed "Larrabee." Details unveiled in the SIGGRAPH paper include a new approach to the software rendering 3-D pipeline, a many-core (many processor engines in
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Mexico City — Health and criminal justice authorities need to provide targeted services to drug users, especially those who inject drugs, to prevent and treat tuberculosis (TB) and HIV, according to the World Health Organisation. TB is a major cause of death for people living with HIV, but drug users who are HIV positive face
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Moody's Investors Service has affirmed the A1 global-scale issuer rating of Zeleznice slovenskej republiky (ZSR) but changed the outlook for the rating to positive from stable. Moody's also affirmed the Aaa.sk national-scale rating with a stable outlook. The rating action railway infrastructure manager of Slovakia reflects the decision by Moody's to change the outlook to
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