Oil prices extended losses and fell closer toward $68 a barrel on Thursday, as data showing an unexpectedly high build up in U.S. oil and products stockpiles reminded traders that oil prices may have run ahead of the demand fundamentals. Crude oil prices fell nearly 4 percent in the previous session and are on track
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Asian shares outside Japan fell on Thursday, mirroring investor caution in the United States, while the dollar lost ground to higher-yielding currencies after the Fed pledged to keep interest rates low. European stock futures were down 0.5 percent while U.S. equity futures were down 0.08 percent. Japan's benchmark Nikkei index jumped 1.7 percent after a
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The Cyprus tennis national team will face the corresponding team of Egypt for the 2010 Davis Cup games, in the Euro/Africa Zone second division of the world tennis cup. At the moment, the Cypriot team is in the 50th place in the Davis Cup world ranking, with 348.75 points The team was placed in the
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Sales of the PlayStation 3 video game console jumped in the weeks after a $100 price cut last month, Sony Corp's top PlayStation executive said on Wednesday. "We are up about 300 percent over where we were pre-price drop," Jack Tretton, chief executive of Sony Computer Entertainment of America, said in an interview. "We are
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Vodafone announced a new Internet service on Thursday, offering access to a host of integrated social networks and applications, in its fight to grow data revenues and compete with smartphones like the iPhone. Vodafone, the world's largest mobile phone operator by revenue, said its new Vodafone 360 service would use the open source Limo operating
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Nintendo Co Ltd, the top maker of the current generation of video game consoles, said on Wednesday it will cut the price of its Wii video game console by $50 to $199.99, starting Sunday. The move makes Nintendo the last among its peers to cut prices. Last month, Microsoft Corp slashed $100 off the price
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Asian shares outside Japan fell on Thursday, mirroring investor caution in the United States, while the dollar was steady after the Fed reiterated interest rates would stay low for a long period. Japan's benchmark Nikkei index jumped 1.7 percent after a three-day holiday break, but the rise reflected gains made in the rest of the
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Leaders of the world's biggest rich and developing countries meet on Thursday to seek ways to nurture the economic recovery and build safeguards against future catastrophes. U.S. President Barack Obama, hosting his first Group of 20 summit, laid out an agenda that includes tackling one of the thorniest problems in the modern global economy —
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Asian shares outside Japan fell on Thursday, mirroring investor caution in the United States, while the dollar was steady after the Fed reiterated interest rates would stay low for a long period. Japan's benchmark Nikkei index jumped 1.7 percent after a three-day holiday break, but the rise reflected gains made in the rest of the
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Brazil will push for tighter financial regulation at the G20 summit this week, proposing annual "stress tests" for banks and the extension of Basel rules to derivative markets, Finance Minister Guido Mantega said on Wednesday. Lack of regulation in financial markets were at the root of the global economic crisis, Mantega told reporters in New
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