Dubai eGovernment has announced that Dubai Customs has become the 15th government department to join the AskDubai service, an initiative that facilitates interaction between the government and its public through a single
Moody’s Investors Service has placed the following ratings of Budapest-based MKB Bank Zrt. (MKB) under review for possible downgrade: i) the Aa3 long-term local currency deposit rating, ii) the Aa3 foreign currency
Emirates is the first airline in the world to commercially launch an inflight mobile telephone service allowing passengers to stay connected while travelling. The first authorised mobile phone call was made last
Merrill Lynch & Co and UBS AG may suffer respective first-quarter write-downs of $6.03 bln and $11.06 bln, according to Oppenheimer & Co analyst Meredith Whitney, who slashed her earnings forecasts for
The largest hedge fund run by John Meriwether has plunged 28% this year, forcing the co-founder of the defunct Long-Term Capital Management to scramble again to stem losses and keep investors from
Vienna Insurance Group has entered into an agreement with Erste Bank to acquire all of Erste Bank’s insurance operations in Austria, Czech Republic, Slovakia, Hungary, Croatia and Romania for a cash consideration
Japanese consumer electronics maker Sharp Corp said on Thursday it would spend 72 bln yen ($729 mln) to build a new solar cell plant in Sakai, western Japan. Sharp said in July
British business investment in the final three months of 2007 is now estimated to have risen sharply rather than fallen, revised official figures showed on Thursday. The Office for National Statistics said
Top central bankers warned on Wednesday there was no end in sight to the global credit crunch as German banking giant Deutsche said the crisis threatened its profit target for this year.
By Alex Lawler LONDON, March 26 (Reuters) – Oil jumped by more than $3 a barrel on Wednesday, extending an earlier gain, after a U.S. government report showed larger-than-expected drops in fuel
