Financial markets came under heavy pressure on Thursday as slumping retail sales provided new signs of a deteriorating U.S. economy and inflation-sensitive gold shot through $1,000 an ounce for the first time
Standard & Poor’s Ratings Services broadly estimates that valuation write-downs of subprime asset-backed securities–primarily collateralized debt obligations (CDOs) of ABS but also subprime residential mortgage-backed securities (RMBS)–could reach $285 billion for the
Over 10,000 new Nokia Siemens Networks 3G sites, at 850, 1900 and 2100 MHz frequencies will be in operation in Latin America by the end of 2008. The company has managed to
The Outremer Telecom group launched a 12-channel Terrestrial Digital Television package in the French West Indies and Reunion, via its Only Box offer. Launched in December 2007 in the French West Indies
United Internet AG of Germany announced the Group’s preliminary, unaudited results according to IFRS for the fiscal year 2007. Consolidated sales grew by 26.7% to EUR 1,487.4 mln. Preliminary earnings before interest,
MobileAccess Networks, a leading global provider of multi-service in-building wireless solutions for operators and enterprises, has launched its Middle Eastern operations with a local office presence in Dubai. Building on its success
Fastweb, the Italian fixed network operator, has selected Nokia Siemens Networks as a technological partner when it launches mobile services later this year. Italy’s largest alternative broadband provider will start complementary wireless
The business of Austrian Post proceeded favourably in 2007. Total revenue increased by 33.3% to EUR 2,315.7 mln. A major contribution to the growth in revenues (about EUR 500 mln) was the
Dubai Maritime City, the world’s first purpose-built maritime centre and a member of the Dubai World Group of companies, has predicted that boat ownership levels in Dubai will increase by 15% within
The pure commercial-banking model in Islamic banking in the Gulf Co-operation Council (GCC) is being increasingly complemented by other, recently developed forms of more specialised Shari’ah-compliant financial intermediation, Moody’s Investors Service said
