Sony said on Monday it is partnering with Netflix to provide access to the online movie rental company's library through Sony's PlayStation 3 video game console. PS3 users in the United States who are also Netflix subscribers will be able to instantly stream movies from the Netflix catalog at no extra cost. Sony's move is
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Cypriot tennis player Marcos Baghdatis has won the third ATP title of his career on Sunday with a 6-1 and 7-5 victory over Belgian Olivier Rochus, in the Stockholm Open final. The Cypriot, who had slipped to 66 in the ATP rankings, outplayed Rochus in the first set and then survived a fight back from
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President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will have a new meeting on Tuesday, in the framework of the ongoing direct negotiations on the question of Cyprus, divided since the 1974 Turkish invasion. The leaders of the two communities in Cyprus are expected tomorrow to talk about the issue
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European shares were higher in early trade on Monday, with banks and oils taking the lead and outweighing a fall in Dutch bancassurer ING. By 0810 GMT, the pan-European FTSEurofirst 300 index of top shares was up 0.4 at 1,013.30 points. The index, which fell 45 percent in 2008, is up 21 percent this year
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The assessment of Turkey's accession course by the European Union in December ''must be objective and just and there must be no concessions where deficiencies are found'', President of the Republic of Cyprus Demetris Christofias said on Sunday. Speaking during a memorial service for Nicos Tophis and Demetris Vrakas in Phrenaros, the former still missing
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A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the already battered dollar on Monday while global stocks sought to recover from last week's weakness. Euro zone government bonds hit a one-month low. The dollar fell to a 14-month low against the euro and the yen
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Fund managers will overlook eastern European countries when seeking domiciles for funds once an EU directive for cross-border consolidation is in place, despite potential cost savings, a study published Monday said. Fund managers preparing for the UCITS IV directive, due to come into force in 2011, said such low-cost jurisdictions might lack the appropriate skills
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Equity and bond funds continue to rake in the cash, global stocks are around 12 month highs and U.S. companies are wantonly beating earnings expectations as volatility sinks. The 2009 equity market rally remains in full swing, yet heading into next week there are some signs that investors may be becoming more jittery about taking
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The dollar and euro rose broadly on Friday benefiting from a steep slide in sterling after data showed the British economy was still mired in recession in the third quarter, confounding expectations for a return to growth. News the British economy shrank 0.4 percent in the three months to September overshadowed a relatively more positive
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Russia plans to sell as much as 50 tonnes of gold this year to help plug a budget deficit in the first major bullion sales by its precious metals repository since the fall of the Soviet Union, a high level source told Reuters. The sales from Russia's State Precious Metals and Gems Repository (Gokhran) could
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