Microsoft Corp is revamping its search engine to counter the dominance of Google Inc in the Web search and related advertising business. The world's largest software company, which is still in talks with Yahoo Inc over a potential partnership, has long been determined to play a major role in the lucrative Web search market after
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Oil rose above $65 a barrel on Friday, on track for its largest monthly percentage gain in more than a decade, after Japanese and U.S. data suggested the economic downturn may be moderating. Oil prices have jumped around 28 percent this month, buoyed by expectations of a global economic recovery later this year and a
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Bank of Cyprus Public Company Ltd (BOCY) has decided to call an EGM on Tuesday , 23 June to examine the resolution calling for an amendment of the terms of the Share Options Plan of the Bank, for the employees of the Bank of Cyprus Group, that were approved at the Annual General Meeting of
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Germany and the United States get what may be their last chance to save Opel on Friday when they try to put a heated row behind them and forge a plan to shield the carmaker from a bankruptcy of its parent General Motors. A first round of talks that began in Berlin on Wednesday evening
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The Australian dollar surged to a eight-month high on Friday on the back of rising raw material prices, while crude oil matched a six-month high above $65, up some $4 this week on hopes that a global economic recovery will spur energy demand. Higher commodity prices this week, which have also been propped up by
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British house prices rose for the second time in three months in May, slowing the annual rate of decline to its weakest since last August, the Nationwide building society said on Friday. Nationwide said the average house price rose 1.2 percent during May, the second rise since March when house prices turned higher for the
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Signs of an uptick in demand are emerging in the United States and Japan after the sharpest downturn in decades, prompting companies to revive production and investors to buy shares. Economic data has slowly started to improve, partly spurred by trillions of dollars in government stimulus spending, although doubts remain as to the sustainability of
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The yen rose on Friday, helped by the biggest monthly spike in Japanese industrial output since 1953, while crude prices eased from a six-month high but were still up around $3 this week on expectations of increased demand. Higher commodity prices this week supported mining and energy-related stocks in Asia, though investors were reluctant to
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The Cypriot economy copes relatively well with the current financial crisis and the economic recession, despite an unavoidable deceleration in its rate of growth, resulting from the particularly adverse external environment, Minister of Finance Charilaos Stavrakis has said here Thursday. Speaking during a dinner hosted to the participants of the informal Economic and Financial Committee
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New orders for long-lasting U.S. manufactured goods saw their biggest gain in 16 months in April and fewer workers filed for new jobless benefits last week, according to data on Thursday that suggested the deep recession was abating. The Commerce Department said new orders for durable goods rose 1.9 percent from March, the biggest percentage
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