By Ian Chua LONDON, Feb 13 (Reuters) – Worries about the U.S. economy resurfaced on Wednesday before key U.S. retail sales data, prompting investors to pare recent gains in stocks and seek the relative safety of government bonds. The low-yielding yen rose as investors took some risky bets off the table in case the U.S.

By Anshuman Daga LONDON, Feb 13 (Reuters) – European equities fell on Wednesday, losing steam from the previous session’s 3 percent jump, as markets reassessed investor Warren Buffett’s offer to reinsure some liabilities of ailing U.S. bond insurers. Markets punished firms reporting results in line with market estimates, with steel group Arcelor Mittal down 3

Cyprus should restrain public expenditure, reform the pension system and enforce health care reforms to improve the sustainability of its public finances in the long run, the European Commission has said, in its evaluation of the stability programmes of Austria, Cyprus, Malta, Portugal and Slovenia. “Cyprus has achieved a remarkable consolidation in the past few

GCap Media Plc, Britain‘s largest commercial radio company, is to pull back from digital radio to help double profits as part of an overhaul by its new chief executive designed to maintain its independence. GCap plans to close digital radio brands such as theJazz and Planet Rock, it said on Monday, and sell its Digital

Yahoo! rejected Microsoft Corp’s unsolicited $41.6 bln takeover offer as too low on Monday, forcing the software maker to either sweeten the bid or adopt a hostile approach to clinch a deal. Microsoft responded by calling its offer fair, but stopped short of saying it would not raise its offer. Without specifying its next move,

Suzuki Motors Corp. (SMC) announced that it has achieved robust growth rates for the ninth consecutive year with an 11% increase in global production and a 9% growth in worldwide sales. Nearly 2.6 mln units were produced by Suzuki in 2007, bolstered primarily by a 21% increase in oversees production. Suzuki supplied nearly 1.4 mln

Moody’s Investors Service assigned A1 long term local and foreign currency issuer ratings to Saudi Telecom Company (STC), the integrated provider of telecom services which is 70% owned by the government of Saudi Arabia and 10% by related bodies. The outlook is ‘positive’. This is the first time that Moody’s has assigned ratings to STC.

In its annual report on Ireland, Moody’s Investors Service says the Irish government’s Aaa bond ratings reflect successful macroeconomic management and a highly competitive, wealthy economy. “Deregulation and other structural reforms have played a key role in making the Irish economy more dynamic and resilient to shocks,” said Moody’s Vice President Alexander Kockerbeck, author of

Nokia and Google today announced that Google’s popular search engine will be integrated with the Nokia Search application, it was announced at the Mobile World Congress 2008 in Barcelona. The integration will begin in select markets with the N96, N78, 6210 Navigator and 6220 classic. Google search will be extended to additional Nokia handset models

Today, 100 organisations in over 50 countries worldwide celebrate Safer Internet Day. In Brussels a first ever pan-European Youth Forum on Safer Internet is organised by the European Commission with the participation of Meglena Kuneva, the EU’s Consumer Commissioner. The purpose is to increase dialogue between children and decision makers on safer Internet issues and