U.S. Treasury Secretary Timothy Geithner offered fresh reassurances to Asian nations that the Obama administration was committed to a strong dollar and to actions aimed at bolstering its value. "It's very important to the United States that we have a strong dollar," he said at a news conference at the Asia-Pacific Economic Cooperation forum, or
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The world will use more fuel in the fourth quarter of 2009, marking the first time global oil demand has risen since the second quarter of 2008, the International Energy Agency said on Thursday. After a year-on-year contraction in demand for the first three quarters, its monthly report found fuel consumption was edging higher in
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Stock index futures pointed to a dip on Wall Street on Thursday, after the Dow and Standard & Poor's 500 closed at 13-month high in the previous session and as investors braced for earnings from retail mammoth Wal-Mart (WMT.N). At 4:35 a.m. EST, futures for the S&P 500 were down 0.57 percent, Dow Jones futures
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SFS Group Plc (SFS) issued its nine months (9M09) financial results posting a 97% decline in net profit figure to EUR 535.000 compared to a profit of EUR 18.7 mln in 9M08. EPS stood at EUR 0.008. Group revenue fell by 33% to EUR 58.7 mln compared to EUR 88.1 mln in the corresponding period
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Pacific rim finance ministers agreed on Thursday to undertake monetary policies based on "market-oriented exchange rates" that reflect underlying economic fundamentals. In a statement issued after an Asia Pacific Economic Cooperation meeting in Singapore, the ministers also said those economies with external deficits would adopt policies to support private savings and those with external surpluses
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U.S. Treasury Secretary Timothy Geithner offered fresh reassurances to Asian nations that the Obama administration was committed to a strong dollar and to actions aimed at bolstering its value. "It's very important to the United States that we have a strong dollar," he said at a news conference at the Asia-Pacific Economic Cooperation forum, or
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European shares fell in early trade on Thursday, led lower by banks and commodities stocks, as investors awaited euro zone industrial production numbers and U.S. weekly jobless figures. By 0934 GMT, the FTSEurofirst 300 index of top European shares was down 0.4 percent at 1,009.82 points after touching a three-week high in the previous session.
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Motorola Inc is in the early stages of looking into a potential sale of its $4.5 billion television set-top box and network equipment business, two sources said on Wednesday. Motorola is in the early stages of seeking buyers for the unit, whose suitors include private equity firms and other communications equipment makers, said one source
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Britain's top share index was flat early on Thursday, as investors cheered BT Group's second-quarter results, offsetting weakness in energy stocks and miners. At 0913 GMT, the FTSE 100 was up 0.47 points at 5267.22. The index ended 0.7 percent higher on Wednesday, having touched an intraday high at a level not seen since September
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The renewal of Cyprus Airways' fleet is continuing in an effort to increase efficiency, company's Spokesperson Kyriacos Kyriacou said, noting the company is planning to acquire four new Airbus and sell three others from its old fleet. The new airplanes, one Airbus A319 with capacity of 128 seats and three Airbus A320 with capacity of
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