Japan's Nikkei average hit its lowest point since May 2003 on Thursday, then pared its losses to end down 2.5 percent after a report that the U.S. administration may consider a $40 billion proposal to help stop foreclosures. Honda Motor Corp and other exporters dragged on the market as the yen climbed against the dollar
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Cyprus President Demetris Christofias is on his way to China to attend the ASEM Summit (Asia-Europe forum) in Beijing. During his stay in the Chinese capital, Christofias is expected to have meetings with heads of states and governments and other officials of countries attending the Summit. The Heads of State and Government representing the European
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Nokia hopes giving away the Symbian technology used in its high-end mobile phones will encourage Internet developers to build innovative applications on the platform, helping it win back market share. A freely available Symbian operating system to be controlled by an independent foundation would reinvigorate the platform because developers of new Internet applications in areas
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Sony Corp's new PlayStation Portable got off to a robust start in Japan, with combined sales of it and earlier models in the week of its market debut hitting the highest so far this year, a research firm said on Thursday. Sony is estimated to have sold 151,522 units of the PSP handheld game gear
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Online DVD rental company Netflix Inc said on Wednesday that some of Samsung Electronics Co Ltd's Blu-ray DVD devices can now play video streamed over the Web from Netflix. The Samsung/Netflix alliance is the fourth such partnership between Netflix and a consumer electronics company aimed at delivering movie rentals online rather than through the mail.
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Asian stocks fell to a 4-year low on Thursday on growing fears emerging market weakness will prolong a global recession and depress corporate earnings, pushing the yen to a 6-year high against the euro. European stock futures were down slightly, helped by a rise in U.S. stock futures. Investors have mostly sought refuge in government
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Weak Japanese exports and poor corporate earnings provided more evidence of the economic damage wrought by the global financial crisis, knocking Asian shares to four-year lows on Thursday. New Zealand's central bank became the latest to try to temper the impact of the credit crisis, slashing interest rates by a record one percentage point and
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Primetel Plc (PTL.CY) announced that the Cyprus Securities and Exchange Commission approved the publication of the Public Offer Document of Primetel for the acquisition of up to 100% of the issued share capital of SpiderNet Services Public Limited. Primetel is offering to the shareholders of SNET to issue 3 new PTL shares for every 4
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Bank of Cyprus Group has decided that the results and the decision for the interim dividend for the period ending 30 September 2008 will be announced prior to the opening of the Athens Exchange and the Cyprus Stock Exchange on Thursday 6 November 2008 instead of after the market close as initially announced.
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International donors pledged a higher-than-expected $4.55 billion to help Georgia recover after its August war with Russia, Western officials said on Wednesday. "$4.5 billion far exceeds the expectations that we had … At a time like this to show such support is something that no Georgian will ever forget," Georgian Prime Minister Lado Gurgenidze told
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