HTC lost the case on Apple patent

Note: This section contains information in English only.
Source: BBC

The HTC was found guilty of Apple Inc.'s patent infringement. All phones that contain the technology stipulated by the Apple Inc. patent will be prohibited for sale at the US territory starting from 19 April, 2012. Initially Apple Inc. submitted 10 patent infringement claims but the court satisfied only one claim and the HTC is pleased with the court decision.

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Tue, 20 Dec 2011 12:41:47 GMT

Euro appreciates on German business confidence

17-nation currency recovered on Tuesday after European finance ministers agreed to provide extra funding worth $195 bn through IMF. Euro appreciation was also fuelled by unexpected rise in German business confidence. European common currency gained 0.3% against US dollar, reaching $1.3040. Currently EUR/USD is trading at $1.3079.

Tue, 20 Dec 2011 13:33:53 GMT

Business confidence index in Germany unexpectedly rises

Germany's business confidence surprisingly surged in December for the second consecutive month, indicating the country is coping well with Eurozone's debt crisis. Business climate index, estimated by Ifo institute advanced from 106.6 in previous month to 107.2 in December. Economists surveyed by Bloomberg predicted a decline to 106. Reading show German firms do not believe in worst crisis scenario, said Alexander Koch, UniCredit's economist in Munich.

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