Marfin strong-man Andreas Vgenopoulos has expressed his full confidence that the EUR 5.2 bln planned capital increase by Marfin Investment Group will be successful, describing the effort as the second largest capital increase made during 2007 globally and the sixth largest ever made. Brushing aside rumours that the Marfin Group may be interested in Alpha

Citigroup has initiated coverage on Greek Postal and Savings Bank (PSB) with a Hold/Speculative Risk (2S) rating and €17 target price, which is slightly lower than current price, but Citigroup analysts note that the Bank is a potential consolidation candidate. PSB is a domestic Greek Bank with access to the Greek Post Office network. As

With reference to the Public Offer of Aspis Holdings Public Company Ltd for the acquisition of 50% plus 1 share of the issued share capital of Leda Investment Public Company Ltd, at 8.15 cent in cash per share, Aspis said the final rate of acceptance stood at 24.986% (1,379,100 shares) and not 24.995% announced on

The 12-month trailing global corporate speculative-grade bond default rate dipped to 1.2% in May from 1.25% in April, according to an article published by Standard & Poor’s.  The report, titled “Global Bond Markets’ Weakest Links And Monthly Default Rates,” stated that as of June 12, 2007, 97 global weakest links were vulnerable to default on

Unleashing the potential of IPTV, Motorola today introduced a set-top software solution using an open Internet Protocol (IP) platform on its VIP 1200 series set-top boxes. The KreaTV application platform uses the Linux Operating system to help support multiple entertainment and video service applications on Motorola’s VIP set-top series, allowing service providers and other third

Mobile network operators want to offer customers a wide range of services, however a separate login procedure is often required for both the services as well as the access technologies supporting them. This means unnecessary costs for the operator, a disappointing experience for the customer, and a reduced service uptake. Nokia Siemens Networks’ new Unified

Ericsson has been selected by Indian operator Spice Telecom to provide push e-mail and personal information management services via its hosted enterprise solution. The push e-mail solution provides users with easy-to-use secure, real-time access to e-mail and personal information via a wide variety of mobile devices. It enables quick and easy access to e-mails, contacts

European Parliament’s Economic and Monetary Affairs Committee approved a report for the accession of Cyprus in the EU’s Economic and Monetary Union on 1 January 2008, ahead of Wednesday’s European Parliament plenary session in Strasbourg.The EP is expected to approve a report produced by German MEP Werner Langen. The report was approved by the Committee