Google Inc and Yahoo Inc could announce a decision to walk away from their search deal by the middle of next week, The Wall Street Journal reported on Thursday, citing people familiar with the matter. The two Internet companies have so far failed to reach an agreement with the U.S. Department of Justice on implementing
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Shares in Asia and Europe fell on Friday, heading for their worst month ever, while the low-yielding yen surged as Japan's interest rate cut failed to erase concerns about the deteriorating global economic outlook. The Bank of Japan joined a global easing cycle by trimming interest rates by 20 basis points to 0.3 percent, but
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Commerzbank is interested in a state capital injection that could see Germany take a stake in the country's second-biggest bank, according to sources familiar with the situation. The development comes as Commerzbank continues to grapple with the fallout from the global crisis that spurred the German government to launch an emergency fund that offers guarantees
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British bank Barclays Plc is to raise 7.3 billion pounds ($12.1 billion) from investors from Qatar and Abu Dhabi and others to allow it to avoid taking government rescue cash, it said on Friday. Britain's second biggest bank said it is raising up to 3.5 billion pounds from Sheikh Mansour Bin Zayed Al Nahyan, a
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Cyprus Finance Minister Charilaos Stavrakis departed Thursday for Turkey where he will attend and address the World Economic Forum on Europe and Central Asia 2008 to be held in Constantinople October 30 to November 1. The Conference will focus on Controlling Challenges in Defining a Collaborative Future and will be attended by Presidents, Prime Ministers,
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Egypt might be in a position to supply Cyprus with liquefied natural gas in 2013, following contacts that Cyprus Minister of Commerce, Industry and Tourism Antonis Paschalides had in Cairo last week. The two sides decided to designate action groups to discuss further the issue of supplying Cyprus with liquefied natural gas from Egypt. The
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Expenditure for research and development in Cyprus in 2006 has increased compared with previous years according to the results of the ad hoc survey carried out by the Statistical Service for the collection of data on scientific research and experimental development (R & D). The Statistical Service of the Republic of Cyprus has announced that
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Britain's online retailers have suffered a monthly traffic fall for the first time since records began three years ago, researchers Experian said on Friday. Experian division Hitwise said UK internet traffic to online retailers fell 0.5 percent in October compared with the same month in 2007, suggesting the consumer spending downturn has begun to affect
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By Carey Gillam (Reuters) One woman wants to pay off medical bills. An Ohio couple wants $5,000 to start a home business. An Illinois college student needs help with tuition. With bank loans drying up amid financial turmoil around the world, these would-be borrowers aren't looking to traditional channels for money. They have turned to
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British bank Barclays Plc is close to raising about 6 billion pounds ($9.8 billion) from a number of potential investors and could announce details on Friday, a person familiar with the matter said. Barclays has been in talks with a mix of existing and new investors, the source said, but declined to identify them. Existing
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