Nintendo Co Ltd posted a 23 percent fall in quarterly profit as software sales for its DS handheld game player slowed and it cut the price of its Wii console, and the company kept its forecast for a first annual profit decline in four years. Nintendo has ridden white-hot demand for the DS and the

Apple Inc CEO Steve Jobs took the wraps off a sleek tablet that it called the iPad, pitching the new gadget at a surprisingly low price to bridge the gap between smartphones and laptops. A buoyant Jobs took the stage at a packed theater on Wednesday to show off the 9.7-inch touchscreen tablet, which looks

U.S. bank Citigroup Inc (C.N) is in advanced talks to sell its real estate investment business and has prepared a shortlist of final bidders, Bloomberg reported, citing two people familiar with the matter. Citi Property Investors owns commercial property in the United States, Europe and Asia valued at $5-$10 billion, one of the people told

Toyota Motor Corp could face an unprecedented recall of 8 million cars over problems with sticking accelerators in the biggest ever blow to the reputation of the world's largest auto maker. The recall and related sales suspension in North America have dented Toyota's once unshakeable record for safety and reliability and come as its grapples

The construction of the new Limassol marina, a project that is expected to enhance and enrich the tourist product in Cyprus, started officially on Wednesday and is expected be ready to accept the first boats in the autumn of 2012. Speaking at a press conference, General Manager of the company “Limassol Marina Ltd”, Takis Palaikythritis,

UN Secretary General Ban Ki Moon has decided to visit Cyprus from January 31 to February 2 for discussions with the leaders of the two communities and his Special Adviser Alexander Downer, focusing on the state of progress in the talks for a Cyprus settlement. In a statement, the UN chief's Spokesperson said that Ban

 Federal Reserve chief Ben Bernanke's nomination for a second term running the world's most powerful central bank faces a decisive day in the Senate on Thursday when his confirmation vote looks set to go ahead. Bernanke had been widely seen as getting the support he needs but a recent surge of public anger at big

Asian equities rose on Thursday, snapping a nine-day decline, led by upbeat earnings expectations and a relief rally in U.S. stock futures after U.S. President Obama moderated his tone on bank restrictions. In another positive development for risk taking, technology shares, which had been leading the broader Asian market lower in recent sessions, reversed course

CAN THE MARKETS PREVAIL? Some Western analysts still believe a markets-oriented approach works best and will ultimately prevail. They argue that subsidised inputs will result in a less efficient industry, more focused on volume than cost and quality. "The best solutions come out of a competitive environment," said the Carbon Trust's Sykes. The focus on

European share prices were down by mid-session on Wednesday, resuming their steep one-week sell-off as banks sank again, hurt by Spanish lender BBVA's poor quarterly results and a rising bad loan ratio. Investors, cautious ahead of the U.S. Federal Reserve's interest rate decision and comments due later on Wednesday, were also rattled by growing concerns