The dollar touched new lows against major currencies before recovering slightly on Friday while global stocks were mixed as investors worried about the deteriorating U.S. economy and overall stress in credit markets. Gold and crude oil were slightly off their record highs. European shares were flat to slightly higher and Japanese shares lost more than

The U.S. Senate passed a budget plan on Friday to eliminate the federal deficit by 2012 while spending more than President George W. Bush wants on domestic programs like schools and roads. After a 15-hour debate that began on Thursday, the Senate voted 51-44 mostly along party lines to approve a nonbinding $3 trillion Democratic

The dollar fell to fresh 12-1/2-year low against the yen and a record low against the euro on Friday after Bear Stearns said its liquidity position had deteriorated, increasing fear of a deep U.S. recession.The dollar fell to 99.58 yen, its lowest levels since 1995, after a Bear Stearns executive said the bank’s liquidity position

European shares fell, tracking U.S. stock indexes after JPMorgan said it and the Federal Reserve Bank of New York would provide financing for Bear Stearns. JPMorgan said along with the Federal Reserve Bank of New York, agreed to provide secured funding to Bear Stearns, as necessary, for up to 28 days. The Fed, through its

Registrations of motor vehicles continued to rise fast in the first two months of 2008, rising by 14.8% compared with January-February 2007.   The total registrations of motor vehicles reached 11,256 in January-February 2008, up from 9,842 in January-February 2007. Registrations of private saloon cars increased to 8,668 from 7,725 in January-February 2007, rising by

Over 10,000 new Nokia Siemens Networks 3G sites, at 850, 1900 and 2100 MHz frequencies will be in operation in Latin America by the end of 2008. The company has managed to reap the full benefits of the merger in the region and become preferred 3G vendor for many of the top carrier groups throughout

The Outremer Telecom group launched a 12-channel Terrestrial Digital Television package in the French West Indies and Reunion, via its Only Box offer. Launched in December 2007 in the French West Indies and Reunion, Only Box thus far provided its subscribers with unlimited telephone calls, an unlimited broadband Internet connection and its exclusive Video On

Merkur D. Nicolaou, the first franchise store of the Slovenian DIY and home supplies chain Merkur, opened in Limassol on March 1, joining the family of 80 stores in Europe. Customers who visited the new store on opening day took advantage of many offers, while the winner of a radio competition, Mrs. Rodaki Maria, went