Oil prices rose half a dollar to a one-week high near $107 a barrel on Monday as traders feared more losses for the dollar and OPEC’s secretary general suggested the group saw little need to pump more oil. U.S. light, sweet crude for May delivery rose 38 cents or 0.4 % to $106.61 a barrel

More than 25,000 Indian villages are set to join the digital age and enjoy the social and economic benefits of connectivity as Bharat Sanchar Nigam Limited (BSNL), India’s largest telecommunications service provider, is to expand rural broadband access in partnership with Nokia Siemens Networks. BSNL is to deploy Nokia Siemens Networks multi play solutions, which

JAKARTA (Reuters) – Indonesia has asked Internet providers to block access to the YouTube web site for carrying a film made by a right-wing Dutch lawmaker which accuses the Koran of inciting violence. Indonesia has banned broadcasts of the film by Geert Wilders, leader of the Dutch anti-immigration Freedom Party, and radical Muslims called for

As Sprint continues to rapidly build out its XOHM WiMAX Broadband Network, Nokia Siemens Networks’ Subscriber Data Management (SDM) solution will enable Sprint to offer its customers a higher level of personalized broadband services. Sprint has chosen Nokia Siemens Networks to implement an innovative subscriber database solution that will simplify operations and provide a more

Nokia announced that Source Interlink Media, a leading vertically integrated magazine publisher with more than 75 titles, has joined the global Nokia Media Network, a mobile advertising network comprised of blue-chip publishers, Tier 1 mobile operators and Nokia media properties.  The Nokia Media Network’s wide reach of a global mobile audience is yielding click-through rates

For the second time this week, a senior Federal Reserve official conceded the United States economy could slip into recession, but suggested the central bank should wait to see if more rate cuts are needed. “The economy has all but stalled and could contract over the first half of the year,” San Francisco Federal Reserve

Pressure on beleaguered Swiss bank UBS AG  to break up intensified as activist investor and former chief executive Luqman Arnold demanded to meet UBS’ board and shake up its governance and structure. Arnold‘s investment group Olivant said on Friday it controlled over 0.7 % of UBS’ capital. That would make him one of the top

The $166 bln merger that created Citigroup Inc  in 1998 was a mistake that failed to benefit the company’s investors, John Reed, one of the deal’s masterminds, told the Financial Times. Reed, who worked on the pact with Sandy Weill, told the newspaper it was unclear whether the company’s model or management deserved the greater