The euro rallied against the dollar for the first time in eight months as concern eased that the 16- nation region’s sovereign-debt crisis will worsen and spread to the global economy.
The dollar dropped in July against all of its most-traded counterparts before next week’s payrolls report as US Federal Reserve Chairman Ben S. Bernanke testified last week that “the economic outlook remains unusually uncertain.” The greenback slid yesterday below 86 yen for the first time this year as a report showed U.S. economic growth slowed in the second quarter.
“European data has been surprisingly robust, while all signs are that the U.S. is heading for slower growth in the second half,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “There have been some hints.....
The government has appointed Imtiaz Ahmed, current Bangladesh ambassador to Sweden as the next ambassador of Bangladesh to the Kingdom of Bhutan, according to an official announcement yesterday.The re...
SINGAPORE: Apple's iPhone will likely dominate the high-end smartphone market in the next five years but faces strong competition from handsets using Google's Android platform, a research firm said yesterday.
By 2015, total mobile application downloads in the Asia-Pacific are forecast to reach 5.30 billion, of which 597.15 million, or about 11 per cent, will be for the iPhone, technology industry consultancy Ovum said.
Downloads of iPhone applications are estimated at US$62.16 million (US$1 = RM3.19) in 2010, Ovum said in an analysis released four days before the launch of the new-generation iPhone 4 in another 17 countries and cities worldwide on Friday.
The iPhone 4 is expected "to face much stiffer competition than its predecessors", Ovum principal analyst Adam Leach said in a statement.
"The rise of Google Android over the
GOTHENBERG, Sweden, July 25, 2010 /PRNewswire/ -- An Under-18s football
team from Laos, one of the poorest countries on Earth, have been awarded a
key trophy at the world's largest youth football tournament.
The Laos football team, who are the first football team in the history of
Laos to e
Nordic countries saw their economies pummeled at the start of the financial downturn, but their smaller markets and related exchange traded funds were among the first jump back. Some are even growing so quickly that rate hikes are needed to cool things off.
Of all the western European countries, only Sweden and Norway’s Central Banks have recently deemed it safe to increase rates, according to The Swedish Wire. Sweden raised rates to 0.5% from 0.25% on strong economic numbers, with household spending jumping 3.5% in the first quarter, which was better than what most economists expected. The Swedish economy expanded 1.4% compared to the previous quarter and 3% year-over-year.
Design, engineering and entertainment software juggernaut Autodesk has agreed to acquireIlluminate Labs, a privately held maker of lighting technology for game development headquartered in Gothenburg, Sweden.
The company's Beast middleware solution and Turtle plug-in for Autodesk Maya software enable faster iteration on a game’s creative intent, and more realistic in-game lighting.
Terms of the transaction remain undisclosed, but it's likely nothing terribly material for NASDAQ-listed Autodesk, which said the transaction is expected to have zero impact on previously issued guidance.
LUND, Sweden, July 21, 2010 /PRNewswire-FirstCall/ --
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The economic and financial crisis that started in 2008 seems to be on its way to being overcome by many EU member states, but the population in some of the most touched countries is still labouring under the ongoing effects of the slowdown. Latvia, which underwent an annualised decline of 18% of GDP in the first quarter of 2009 and still has the highest unemployment rate in the EU, is experiencing a veritable revolution in its population structure and is preparing to face serious demographic challenges.
The strong recession experienced in the last few years has sadly confirmed the high propensity of Latvian people to migrate for economic reasons and generated a real “exodus” of working age population.
Paraguay also decided to open embassies in Sweden and Indonesia, a statement of the Paraguayan Foreign Ministry said, adding that "the governments of these countries have already approved the function...
The markets started last week off on the right foot before taking a spill in the latter half. The Dow Jones
Industrial Average fell 1%. The S&P 500 lost 1.2% and the Nasdaq declined 0.8%.
Earnings season kicked off last week with mixed results. Semiconductor giant Intel (INTC) reported very
strong earnings on an uptick in business and consumer upgrades. JP Morgan (JPM) reported better-thanexpected
earnings, with net profit rising 76% from a year ago. On the downside, Google (GOOG), Bank of
America (BAC) and Citigroup’s (C) earnings disappointed analysts.
Washington finally came through on a sweeping overhaul of the U.S. financial system and is expected to be
signed into law by President
The markets started last week off on the right foot before taking a spill in the latter half. The Dow Jones
Industrial Average fell 1%. The S&P 500 lost 1.2% and the Nasdaq declined 0.8%.
Earnings season kicked off last week with mixed results. Semiconductor giant Intel (INTC) reported very
strong earnings on an uptick in business and consumer upgrades. JP Morgan (JPM) reported better-than2
expected earnings, with net profit rising 76% from a year ago. On the downside, Google (GOOG), Bank of
America (BAC) and Citigroup’s (C) earnings disappointed analysts.
Washington finally came through on a sweeping overhaul of the U.S. financial system and is expected to be
signed into law by
Bark Group Inc an innovative integrated US advertising and performance based marketing company with a multinational client base announced that it has entered discussions with an existing advertising agency in Malmo Sweden as a part of the Companys acquisition strategy Market Watch reported. Bent Helvang Chairman of Bark Group Inc...
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