Financial market focus shifted to the U.S. economy’s key services sector on Wednesday as European investors took stocks higher after five days of losses and oil clambered above $100 a barrel again. The dollar gained against major world currencies ahead of the Institute of Supply Management’s index of service sector activity due later in the
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Oil steadied above $100 on Wednesday as OPEC ministers indicated they were likely to keep output unchanged despite U.S. calls for action to reduce crude prices. U.S. light crude for April rose 67 cents to $100.19 a barrel by 0920 GMT. On Tuesday, it fell nearly $3 to close at $99.52 as some investors tried
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By John Whitesides, Political Correspondent WASHINGTON, March 5 (Reuters) – Hillary Clinton swept critical showdowns with Barack Obama in Ohio and Texas on Tuesday to keep her Democratic presidential bid alive, and John McCain clinched the Republican nomination and looked ahead to the November election. The victories for Clinton, a New York senator, snapped Obama’s
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By Nick Carey CHICAGO, March 5 (Reuters) – As the U.S. housing meltdown forces hundreds of thousands of Americans from their homes, the extent to which fraud was a factor in the crisis is just coming to light. Products such as stated-income loans — known as “liar loans” because no proof of income was needed
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Cyprus President Demetris Christofias will hold Wednesday talks in Athens with the Greek government, aiming at the coordination between Greece and Cyprus in view of forthcoming developments on the Cyprus question. Addressing a state dinner hosted in his honour on Tuesday night by his Greek counterpart Karolos Papoulias, Christofias underlined that Greece is and continues
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Two of the world’s largest environmental organizations, World Wildlife Fund and International Union for Conservation of Nature (IUCN), supported by Nokia, are launching connect2earth.org for young people to tell the world what they think about the environment. The site will also allow people to rank other entries, discuss the issues that matter most to them,
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Telefónica’s Key Account Unit will provide Bankinter a security service for clients’ online transactions through Panda Security for Internet Transactions, a security solution specifically designed for financial entities and online payment platforms. This is a joint service that will be offered from Telefónica’s security operations center (SOC) and will complement Telefónica’s current antifraud services, which
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Ericsson has been selected by German mobile operator E-Plus to expand and upgrade its WCDMA network. The deal also includes the expansion and enhancement of the E-Plus microwave transmission network and will allow subscribers to enjoy best-quality mobile data services in most parts of Germany. Under the three-year agreement, Ericsson will upgrade E-Plus’ existing Ericsson WCDMA
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Cloudy ’08 outlook wipes EUR 6 bln in market cap  Companies listed on the Cyprus Stock Exchange increased their combined profits for 2007 by 62.5% to EUR 1.57 bln (CYP 922 mln) compared to EUR 969.5 mln (CYP 567 mln) in 2006, according to Financial Mirror data, but fears that companies will not be
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A solution to the Cyprus problem would yield a peace dividend of at least EUR 1.8 billion per year in new business with Turkey and other opportunities for the island, with each Cypriot family standing to gain an extra EUR 5,500 per year, according to new research from an all-island team of economists: Fiona Mullen,
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