World stocks slipped on Thursday after the Federal Reserve cautioned that the U.S. economy would remain weak for a time, adding to concerns about the sustainability of a recent recovery. Government bonds were under pressure as the Fed kept to its $300 billion Treasury debt buyback programme after a two-day meeting on Wednesday. The U.S.
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Microsoft Corp, the world's largest software group, is still open to a partnership with search engine giant Yahoo Inc, Chief Executive Steve Ballmer said on Wednesday. "We remain open to a partnership with Yahoo," Ballmer told a seminar at the Cannes Lion 2009 advertising festival. Asked if a deal could be sealed in the next
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China's Foreign Ministry on Thursday accused Google's English language search engine of spreading vulgar content that violated the nation's law. Chinese Foreign Ministry spokesman Qin Gang did not directly answer a question about whether government action was responsible for recent disruptions in access to Google sites from within China. But he made plain the government's
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LG Electronics Inc on Thursday launched liquid crystal display (LCD) televisions that use light-emitting diodes (LED) as a light source, and said it was aiming to sell as many as 5 million units in 2010. The South Korean flat-screen TV maker also reiterated its previously stated goal of selling 18 million LCD sets in 2009,
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Belgacom TV, the leading Belgian IP television service provider added 250,000 new customers since January 2008, representing an increase of 45% over 2007. The company’s success is driven by the implementation of an end-to-end IPTV platform from Nokia Siemens Networks that introduced HDTV (high definition television), VoD (video on demand), PVR (personal video recorder) and
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The Cyprus Business climate in June 2009 deteriorated by 2.1 units month-on-month to 63.3 units according to the Business and Consumer Surveys conducted by the Economic Research Centre of the University of Cyprus in cooperation with the European Committee.
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The European Commission has awarded grants worth from 16,000 to 50,000 euros to 17 schools in the northern part of Cyprus. Projects cover a variety of fields ranging from establishment of computer or language laboratories, teacher trainings, participation at conferences abroad, environmental awareness raising, physical education, special education to vocational education subjects. The projects will
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The dollar on Thursday edged off stronger levels hit after the Federal Reserve meeting, while the yen fell as the market weighed up whether to resume rallies in riskier assets. The Fed kept to its debt buyback programme and signaled it was less concerned about deflation, but it also said inflation would remain subdued for
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Asian stocks rallied for a second day on Thursday after the Federal Reserve reinforced that interest rates will be kept at a record low for a while, but Treasuries extended losses as the Fed shied away from boosting debt purchases. Futures on European stock indexes pointed to a flat start. Property shares were among the
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President Barack Obama on Wednesday signed into law a $106 billion measure to fulfill his plans to wind down the war in Iraq and ramp up operations in Afghanistan where fighting against militants is intensifying. The bill contains $79.9 billion to continue funding the two wars through Sept. 30. It was also loaded up with
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