HELSINKI: Shares in the world’s leading mobile phone maker Nokia fell to a new low point for the year on Wednesday, sinking further than last month’s drop to a level last seen in 1998. The TT news agency attributed the drop to Bank of America/Merill Lynch lowering the Finnish company’s investment grade. Several other banks [...]
Pound’s retreat from 1.5740 session high has extended below 1.5660 session low, and the pair has given away about 120 pips during the day so far, reaching a fresh low at 1.5620. On the downside, further retreat might find support at 1.5560 (Feb 9, 10, 11 lows) and below here, 1.5535 (Feb 8 low) and [...]
TOKYO: The Nikkei average hit its lowest in two months below 10,000 on Monday, but shares of Toyota recovered after its president apologised on Friday for safety problems and said the automaker would bring in outside experts to review quality controls. A strong yen hurt exporter shares such as Sony Corp’s, while anxiety over fiscal [...]
Yarovit-Motors, a Russian auto company, said on Jan. 21 it was preparing to launch a project to produce low-cost electric cars with funding from one of the country’s biggest tycoons. The cars will reportedly sell for around 9,000 euros (US$12,700.) “All the necessary documentation is ready. The project will be carried out by Yarovit and [...]
LOS ANGELES: It had to happen sometime, but nobody expected the biggest film of all time to lose its North American box office crown this weekend to “Dear John,” a low-budget “chick flick” with a pair of little-known stars. The romantic drama opened at No. 1 with three-day sales of more than 32 million dollars [...]
