The world's largest cellphone maker Nokia said on Wednesday it expects handset market volumes to grow around 10 percent next year, more than analysts expect. Nokia forecast its handset unit operating profit margin to be 12-14 percent next year, in line with levels reached earlier this year. Nokia's closest rival Samsung Electronics gave an upbeat
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European Union finance ministers are on the verge of a deal to set up new super-watchdogs to police banks following the economic crisis, Swedish Anders Borg Finance Minister said on Wednesday. The 27-country EU wants to establish three pan-European watchdogs to keep tabs on banks, insurers and trading exchanges as well as creating a Frankfurt-based
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World stocks ticked higher on Wednesday with anxiety over Dubai's debt problems taking a backseat and focus shifting to this week's economic numbers and the European Central Bank's rate meeting. Euro zone government bond futures edged lower as traders braced for a U.S. private sector report later in the session for hints on the key
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Britain's top share index was 0.2 percent lower early on Wednesday, with a retreat by banks countering gains by miners and Vodafone, as investors paused for breath after sharp gains in the previous session. By 0907 GMT, the FTSE 100 index was 10.08 points lower at 5,302.09. It closed 121.49 points, or 2.3 percent higher
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Britain appears to be emerging from recession and, although headwinds remain, policymakers need to be wary of driving up asset prices with loose policy, Bank of England Chief Economist Spencer Dale said on Wednesday. But Dale said there was no strong evidence to suggest that the BoE's quantitative easing efforts were having an undesired effect
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Stock index futures pointed to U.S. shares mostly extending their gains on Wednesday, with the Dow Jones industrial average (.DJI) having hit a 14-month closing high in the previous session. At 0845 GMT (3:45 a.m. EST), futures for the Dow Jones and S&P 500 were up 0.1 and 0.2 percent respectively; those for the Nasdaq
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A Bank of Japan policymaker signalled on Wednesday the central bank was open to adopting more measures to support the economy following its emergency meeting the previous day that offered extra short-term funding. Miyako Suda made the comments before a meeting between Prime Minister Yukio Hatoyama and BOJ Governor Masaaki Shirakawa that began in the
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Interior Minister Neoclis Sylikiotis said that the adoption by the EU of a common asylum system will help small member states, such as Cyprus, which receive strong immigration pressure. In statements at Larnaka International Airport, after he returned from Brussels, the Minister described the Justice and Home Affairs Council which he attended as important. During
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Cypriot Paraolympic gold medalist Karolina Pelendritou closed 2009 with a great sports success, at the Swimming World Championships, taking place in Rio, Brazil, with the participation of top athletes from 36 countries. According to a press release, Pelendritou competed on Monday, day two of the games, in the women's 100m breaststroke and women's 100m individual
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Microsoft Corp said on Tuesday it could find no evidence that recent security updates were causing problems with its new Windows 7 operating system, which some have dubbed the "black screen of death." The problem, which has caused a small number of users to see a completely black screen after logging on, was identified by
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