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. Last Updated: 07/27/2016

03/30/2004

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Press Review

A brief look at the stories making headlines in the Russian-language press

LCD Market Seen Doubling by '07

An explosive demand for LCD screens for televisions is forecast to lead to a near doubling of the world's LCD market to $42 billion by 2007, technology research group IDC said Sunday.

Latin Americans Repatriate $38Bln

Latin American and Caribbean workers sent a record $38 billion in remittances to their families back home in 2003, but the Inter-American Development Bank urged financial institutions Saturday to slash transfer costs so that poor recipients get more money.

Parmalat to Slash Half Its Workforce

Parmalat will slash almost half its workforce as it sells or liquidates units in 20 countries in an effort to keep the insolvent food group afloat, a plan unveiled late last week showed.

Dynegy Exec Gets 24 Years for Fraud

A former Dynegy executive was sentenced to more than 24 years in prison late last week for an accounting fraud that authorities say caused more than $500 million in stock losses. In invoking the sentence, U.S. District Judge Sim Lake cited congressional intent to harshly sentence corporate-fraud defendants.

Yen Rises on Intervention Talk

The Japanese rhetoric may be conflicting, but currency markets are all set to buy the yen anyway on the belief that a strengthening economy and rising stock market will eventually boost the currency.

Top Phone Operators Unveil New Alliance

The top cellular operators in Western Europe's largest countries unveiled a new ""FreeMove"" alliance Monday designed to boost their market clout and take on rival Vodafone Group.

China Oil Shares Skid Over Reserves

Chinese oil companies PetroChina and Sinopec are giving investors a sinking feeling.

French Conservatives Dealt Crushing Blow

In its most impressive electoral showing in a generation, France's left bulldozed its way across France in regional elections with a crushing defeat of President Jacques Chirac's government, which sets the stage for a Cabinet shakeup.

Rock Star Sentenced to 8 Years

A Lithuanian court Monday found French rock star Bertrand Cantat guilty of beating his movie-star girlfriend to death and sentenced him to eight years in prison in a case that has gripped and horrified many French.

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