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Business - Page 1003

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Banks, commods help Europe shares snap losing run

European shares rose in early trade on Tuesday, with insurer Legal & General and Cairn Energy gaining after their profits beat forecasts, while miners climbed as gold prices picked up. At 0939

23rd March 2010
Business

US Stock futures signal gains; housing data eyed

Stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures up 0.21 percent and Nasdaq 100 futures

23rd March 2010
Business

Fed’s Plosser: Base monetary policy on simple rules

Central bankers should base policy on simple rules related to inflation and economic growth and not rely on hazy measures of economic slack in order to stay ahead of the curve, a

23rd March 2010
Business

Google risks China’s ire with slap to censorship

Google shut its mainland Chinese-language portal and began rerouting searches to its Hong Kong site, unleashing Beijing's ire and prompting worry over its prospects in China. China lost little time in warning

23rd March 2010
Business

Nintendo to launch 3D-capable DS in 2010/11

Nintendo Co Ltd plans to launch a new model of its DS handheld game gear that allows users to play three-dimensional (3D) games without using special glasses. The Japanese firm said the

23rd March 2010
Business

NBG completes EUR1.5 bln covered bond issue

National Bank, Greece's largest lender, said it completed a 1.5 billion euro issue of covered bonds as part of a 10 billion euro plan approved Nov. 2008. The bonds covered by mortgage

23rd March 2010
Business

PrimeTel clinches Cyprus Ethernet L3 VPN deal

Primetel Plc (PTL) announced that the Ministry of Finance and the Government’s IT Services Department have decided to award the Company with a contract for the provision of broadband services (Ethernet L3

23rd March 2010
Business

Strong interest in bicommunal business directory in Cyprus

Over 200 companies so far have asked to be included in the bicmmunal Directory of Greek Cypriot and Turkish Cypriot Businesses, the compilation of which has been undertaken by the Cyprus Chamber

23rd March 2010
Business

President Christofias: Cyprus state officials’ salaries reduced by 10%

Members of the Cyprus government have voluntarily accepted the reduction of their earnings by 10%, as a gesture aiming to boost the economy of the island, by trimming state spending. The decision

23rd March 2010
Business

Euro still stymied by squabbling over Greece

Asian shares rose on Tuesday and edged back towards a two-month peak hit last week, supported by investor expectations of an ongoing recovery in the world economy, and as tech stocks drew

23rd March 2010
Business
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