Research In Motion is planning a next-generation version of its touchscreen BlackBerry Storm smartphone as part of a continuing push into the retail market, its co-CEO said on Monday. "We see this very large and untapped consumer market," Jim Balsillie said during a presentation to analysts and investors, adding that more than half of RIM's
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Standard & Poor's cut the ratings on 7 Greek banks and Cypriot banks due to the potential for more loan losses. S&P downgraded the rating of Marfin Popular Bank (MPB) and Marfin Egnatia Bank from BBB to BBB- with a stable outlook due to the fact that the Group’s asset quality remains vulnerable to a
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SFS Group Public Company Ltd (SFS) announced that as part of its efforts to raise investment funds for participation in the Shipping sector, the Group has signed a joint venture agreement with Kuwait Finance House Labuan (KFHL) a wholly-owned subsidiary of Kuwait Finance House (Malaysia) Berhad (KFHMB), for the establishment of a Shipping Fund via
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By Jason Subler and Zhou Xin Like prodigal sons, China's exporters are returning home to sell their products as global economic gloom takes a toll on their overseas orders. Yet exporters of goods ranging from apparel to electronics are hardly finding a fatted calf laid out for them. Despite a track record in manufacturing products
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By Ingrid Melander The Greek government on Monday avoided being forced to call snap elections over a bribe scandal but dissent among its own ranks combined with a bleak economic outlook mean its troubles are nowhere near over. Here are key issues to watch: FRAGILE MAJORITY Deputies decided on Monday Aristotle Pavlides, a ruling New
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About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks. The banks have been negotiating with their regulators about the depth of their capital needs, should the recession prove to be deeper and longer than anticipated. Markets
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The U.S. dollar edged up from a six-week low on Tuesday after news the U.S. Treasury will instruct about 10 banks to raise more capital injected caution into markets and capped gains in Asian stocks. U.S. stock futures were down 0.3 percent after a source familiar with a series of stress tests on 19 U.S.
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President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat will be meeting on Tuesday for their 27th meeting in the framework of UN-led direct negotiations, with a view to reach a settlement of the Cyprus problem. During their previous meeting on 21 April, the leaders of the two communities
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Chiefs of European Navies (CHENS) 2009 meeting will take place in Cyprus from 7 to 8 May hosted by Cyprus Navy Command of the General Staff of the Cyprus National Guard. According to an announcement issued here on Monday by Defense Ministry, Cyprus Navy Command has been participating in the meetings since 2006, while assumed
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Pending sales of existing U.S. homes rose in March for a second straight month, a private survey showed on Monday, supporting views the housing market was close to hitting a bottom. The National Association of Realtors Pending Home Sales Index, based on contracts signed in March, rose 3.2 percent to 84.6. February's pending home sales
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