Cypriot tennis player Marcos Baghdatis has qualified for the second round of the Rotterdam tennis tournament in the Netherlands, after a victory over American James Blake with 2-0 sets (6-4,6-2). This is the first game between the two tennis players. Bagdatis, 36-seated, will play against Nikolay Davydenko, 6-seated, in his next game.
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Sweden took the number one spot from the United States to top the annual rankings on the usage of telecommunications technologies such as networks, cellphones and computers, a report released on Thursday shows. The Connectivity Scorecard, created by London Business School professor Leonard Waverman in 2008, measured 50 countries on dozens of indicators, including technological
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Global miner Rio Tinto reported a 23 percent slide in half-year profit on Thursday, its worst second-half profit in three years, dented by a sharp drop in iron ore prices, but the result beat analysts' forecasts. Rio (RIO.AX) said it believed the commodity price recovery would continue in 2010, showing its confidence in the outlook
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Credit Suisse missed forecasts by posting its weakest quarterly profit in 2009 as market conditions toughened, but it continued to attract client flows while rival Swiss bank UBS struggled. Credit Suisse, which weathered the financial crisis without state aid, has rebounded under the leadership of former investment banker Brady Dougan from a 2008 record loss
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British Prime Minister Gordon Brown said the world's top economies were close to agreeing an international levy on banks and that a deal could be thrashed out during a G20 summit in June, the Financial Times reported. In an interview published on Thursday, Brown said he believed backing for a global bank tax had gained
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Credit Suisse missed forecasts by posting its weakest quarterly profit in 2009 as market conditions toughened, but it continued to attract client flows while rival Swiss bank UBS struggled. Credit Suisse, which weathered the financial crisis without state aid, has rebounded under the leadership of former investment banker Brady Dougan from a 2008 record loss
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* Greece in spotlight as EU leaders meet in Brussels * Germany, France to lead rescue talks, no details expected * ECB chief Trichet to discuss Greece with leaders European Union leaders are expected to lay the foundations for a financial rescue of Greece at a summit in Brussels on Thursday, but any package of
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— Coalition rift affects airline decision — — Bankruptcy cost higher than new plan — The fate of state-owned carrier Eurocypria lies in the hands of Thursday’s plenary session of parliament which was widely expected to approve a capital increase plan of 35 mln euros, until rival airline trade unions started flexing their muscles
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Capital Intelligence has lowered Greece’s long-term foreign currency rating to BBB+ from A and its short-term foreign currency rating to A2 from A1. The outlook on the long-term rating – which indicates the likely direction of the rating over the next 12-24 months – has been revised to ‘Negative’ from ‘Stable’, the international credit rating
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Among the three governments — Spain (Aaa), Portugal (Aa2) and Greece (A2) — whose public finances are currently the focus of much market speculation, only Greece faces material challenges, Moody's Investors Service said in a special comment entitled "Spain, Portugal and Greece: Contagion or Confusion?" In the report, Moody's reiterates the need for risk differentiation
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