DUBAI (Reuters) - Oil markets are well-supplied with inventories of crude oil and refined products over their five-year average, the OPEC governor of the United Arab Emirates said on Sunday.
ABU DHABI (Reuters) - Abu Dhabi government investment firm Mubadala Development Co said on Sunday it was in discussions to buy a stake in a U.S. real estate firm.
Don't panic; there are things you can do to avoid outliving your retirement savings.
Six months of aggressive interest-rate cuts by the Federal Reserve may be good for the economy, but it's bad news for many seniors who rely on fixed-income investments.
There are several organizations trying to help homeowners avoid foreclosure.
Dear Liz: I purchased my first home in December 2006 with no down payment, and closing costs were included in an adjustable-rate mortgage. The payment is already high and set to go even higher at the end of the year.
We know too little about products so vital Any product that endangers consumers is a bad one. But there's a difference between something... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 7:00 am
Constancy is a trait of 101-year-old Farmers & Merchants in Long Beach. New CEO Henry Walker doesn't want that to change. ... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 7:00 am
Constancy is a trait of 101-year-old Farmers & Merchants in Long Beach. New CEO Henry Walker doesn't want that to change.
When he was a boy and his father would return home after another long day at the family's bank, Henry Walker would ask, "Did you make any loans today?"
Any product that endangers consumers is a bad one. But there's a difference between something you buy because you want to and something you buy because you have to.
From energy-hog major appliances to plastic grocery bags, it all adds up. There's a lot of action in any kitchen,... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 7:00 am
There are several organizations trying to help homeowners avoid foreclosure. Dear Liz: I purchased my first home in December 2006 with... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 7:00 am
As an XM subscriber, I wish I shared David Lazarus' enthusiasm for the Sirius-XM merger. ("Listening to reason on radio merger," Consumer Confidential, March 26.) Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 7:00 am
As an XM subscriber, I wish I shared David Lazarus' enthusiasm for the Sirius-XM merger. ("Listening to reason on radio merger," Consumer Confidential, March 26.)
The U.S. investment bank Lehman Brothers Holdings Inc. plans to file a lawsuit against a Japanese trading company to recover hundreds of millions of dollars it lost to alleged investment... Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 6:54 am
Reuters - Lehman Brothers was
fleeced out of more than $355 million in a fraud the U.S.
investment bank believes was perpetrated by two employees at
Japanese trading house Marubeni Corp. (8002.T), according to a
person briefed on the matter.
NEW YORK/TOKYO (Reuters) - Lehman Brothers was fleeced out of more than $355 million in a fraud the U.S. investment bank believes was perpetrated by two employees at Japanese trading house Marubeni Corp. , according to a person briefed on the matter.
Reuters - Dubai International Capital (DIC) and
private-equity firm Bridgepoint plan to bid jointly for
healthcare group Euromedic International for about 700 million
pounds ($1.4 billion), the London Times said on Sunday. Source: Yahoo! News: Business | 30 Mar 2008 | 5:18 am
DUBAI (Reuters) - Dubai International Capital (DIC) and private-equity firm Bridgepoint plan to bid jointly for healthcare group Euromedic International for about 700 million pounds ($1.4... Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 5:17 am
DUBAI (Reuters) - Dubai International Capital (DIC) and private-equity firm Bridgepoint plan to bid jointly for healthcare group Euromedic International for about 700 million pounds ($1.4 billion), the London Times said on Sunday.
The Bush administration is finalizing details of a plan to rescue thousands of homeowners at risk of foreclosure by helping them refinance into more affordable mortgages backed by public funds, government... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 5:15 am
A battle to shake up embattled Office Depot is about to get nasty, with both sides poised for mudslinging. At the center of the upcoming spat are a pair of retail veterans angling for seats on the board... Source: Infocious RSS raw feed - channel BNPaperBusiness | 30 Mar 2008 | 5:15 am
The two top executives at Countrywide Financial Corp. -- the nation's largest mortgage lender -- are slated to receive a combined $19 million in payouts as part of the company's pending takeover by Bank of America, according to regulatory filing this week.
Markets may be stabilizing, but the news on the economy is getting worse. The coming week will see more dismal headlines on employment, construction and manufacturing, economists say.
Milan's Malpensa airport is set to lose its status as an international air hub on Sunday when Alitalia eliminates more than two-thirds of its flights from the northern city, to the dismay... Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 3:45 am
TOKYO/NEW YORK (Reuters) - Employees at Japanese trading house Marubeni perpetrated an elaborate con that fleeced Lehman Brothers of more than $355 million, the U.S. investment bank... Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 3:38 am
The Egyptian government has begun taking measures to tackle growing public discontent over the sky-rocketing prices of five staples of the economy -- bread, rice, pasta, cement and steel. Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 3:31 am
CHICAGO (Reuters) - UBS AG said on Saturday it has begun lowering the values of auction-rate securities held by its clients. Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 3:25 am
The "open skies" deal between the US and Europe comes into effec, aiming to open up air travel. Source: BBC News | Business | World Edition | 30 Mar 2008 | 3:03 am
For Italian mozzarella producers, the European Commission's decision to back off from a threatened import ban on the cheese prevented the crisis in the industry from becoming a real... Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 2:37 am
Reuters - Henry Ford, who created the automotive
industry's first mass-market hit with the Model T a century
ago, was a proponent of radical simplicity. Source: Yahoo! News: Business | 30 Mar 2008 | 2:03 am
DETROIT (Reuters) - Henry Ford, who created the automotive industry's first mass-market hit with the Model T a century ago, was a proponent of radical simplicity.
A multi-billion-euro project to bore a tunnel through the Italian Alps to create a high-speed rail link between Turin, Italy, and Lyon, France, will face a new protest on Sunday. Source: Infocious RSS raw feed - channel BNewsBusiness | 30 Mar 2008 | 1:40 am
Zimbabweans main opposition Movement for Democratic Change claimed victory in the country's bitterly contested presidential and parliamentary elections setting the stage for a possible showdown with President Robert Mugabe and the ruling Zanu-PF party Source: FT.com - US homepage | 30 Mar 2008 | 1:11 am
Our economy may never be the same after next week.
It's been confirmed today that Prime Minister Helen Clark will lead a delegation of no less than 150 to Beijing for the signing of New Zealand's ground-breaking Free Trade Agreement... Source: New Zealand Herald - Business | 30 Mar 2008 | 12:15 am
The dollar is taking a pounding. With the US sinking deeper into recession, the greenback recently hit an all-time low against the euro and a 12-year low against the yen. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Troubled Woolworths will reduce its final dividend next week as it reveals the true cost of its recent refinancing. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Lloyd's of London, the world's largest insurance market, will this week unveil record profits but will urge its underwriters to concentrate on chasing profitable business in a challenging market. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Hedge fund urges European Trade Commissioner to impose sanctions against power firm over free-trade 'abuse', writes Louise Armitstead. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Sir James Dyson, the home appliances tycoon who is one of Britain's richest men, has secured a £145m payout ahead of next week's reform of the capital gains tax (CGT) regime, write Mark Kleinman and Helen Power. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
The former Bluecoat has plans for a property-based business this time around, writes Alistair Osborne. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Northern Rock, the Government-owned mortgage lender, has been forced into a raft of new sub-prime writedowns that will see its total impairment charge nudge £400m. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Questions raised over supermarket giant's American dream as rollout of Fresh & Easy convenience stores is delayed. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
Pressure is mounting on Marks & Spencer after Brandes Investment Partners and Fidelity, two of the retailer's biggest shareholders, privately said they are unhappy with the appointment of Sir Stuart Rose as executive chairman. Source: Telegraph Business | 30 Mar 2008 | 12:01 am
China will sign its first free trade pact with a developed country on April 7 when it inks a deal with New Zealand, according to reports here Sunday. Details of the... Source: Infocious RSS raw feed - channel BNewsBusiness | 29 Mar 2008 | 11:37 pm
Argentine farmers restarted their damaging national strike over a hike in export taxes Saturday, barely 24 hours after it ended, after negotiations with the government broke down. Source: Infocious RSS raw feed - channel BNewsBusiness | 29 Mar 2008 | 11:01 pm
A host of the Government's flagship policies come into force this week including cuts to business tax rates and workplace savings incentives.
April 1 may be April Fool's day, but it is also the start of the taxation year and as... Source: New Zealand Herald - Business | 29 Mar 2008 | 11:00 pm
Reuters - Upcoming Treasury Department
proposals to make the Federal Reserve the chief regulator of
U.S. financial markets and give it sweeping new powers won
praise on Saturday from the central bank and the head of the
Securities and Exchange Commission.
Reuters - Upcoming Treasury Department
proposals to make the Federal Reserve the chief regulator of
U.S. financial markets and give it sweeping new powers won
praise on Saturday from the central bank and the head of the
Securities and Exchange Commission.
WASHINGTON (Reuters) - Upcoming Treasury Department proposals to make the Federal Reserve the chief regulator of U.S. financial markets and give it sweeping new powers won praise on Saturday from the central bank and the head of the Securities and Exchange Commission.
Kiwis coming home are refusing to put their hard-earned British pounds into the local housing market, says a leading international recruitment agency working with top executives coming back from the UK.
"Returnees are no longer... Source: New Zealand Herald - Business | 29 Mar 2008 | 9:00 pm
The Treasury Department plans to unveil a series of recommendations that would radically reshape the regulation of the US financial services industry, giving broad new powers to the Federal Reserve to tackle systemic risk Source: FT.com - US homepage | 29 Mar 2008 | 8:57 pm
The government's emissions trading scheme will go centre- stage this week as a parliamentary select committee gets down to holding public hearings on the proposals.
The Climate Change (Emissions Trade and Renewable Preference)... Source: New Zealand Herald - Business | 29 Mar 2008 | 8:00 pm
Treasury Secretary Henry Paulson plans Monday to unveil a set of extensive, wide-ranging reforms to the way the government regulates financial markets, including proposals to give the Federal Reserve more power.
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are expected to see active trade in Monday's session are H.B. Fuller Co., Riskmetrics Group Inc. and IAC/InterActiveCorp.
Treasury Secretary Henry Paulson plans Monday to unveil a set of extensive, wide-ranging reforms to the way the government regulates financial markets, including proposals to give the Federal Reserve more power.
This may come as a shock to some, but contrary to popular belief these days, there is no "secret" to success.
The answer has been widely available and evident on book shelves in autobiographies, biographies, audio and self... Source: New Zealand Herald - Business | 29 Mar 2008 | 7:00 pm
Lehman Brothers reportedly plans to sue Japan's Marubeni to recover funds it says were misappropriated from it in a loan fraud, a claim denied by the Japanese trading house.
The Treasury Department’s new regulatory overhaul plans might look powerful and impressive on the surface, but experts say it is hamstrung by a lack of focus on the underlying problems of the financial market crisis.
Despite a slowing economy pressuring consumers and businesses alike, Research in Motion is expected to more than double its bottom line when it reports its quarterly results next week.
The gap between what New Zealand spends overseas and what it earns is shrinking.
High world prices for butter and cheese, and the first flush of oil from the Tui oilfield, gave us a stellar quarter for exports, helping reduce the... Source: New Zealand Herald - Business | 29 Mar 2008 | 5:00 pm
Battered on the one hand by email and other computer-based communications, the amount of mail sent by Kiwis is falling steadily.
And hit by falling volumes on one hand, New Zealand Post is whacked on the other side of the ledger... Source: New Zealand Herald - Business | 29 Mar 2008 | 5:00 pm
Stocks in the US fell yesterday as a profit warning from JC Penney raised worries about consumer spending, while persistent concerns about credit-related problems throttled financial stocks.
JC Penney shares fell 7.5 per cent after... Source: New Zealand Herald - Business | 29 Mar 2008 | 5:00 pm
AFP - Germany's consumer protection minister Horst Seehofer has called for a law to regulate gathering information on employees after revelations that discount retailer Lidl had secretly monitored its workers.
Thornburg Mortgage says it has received another extension through Monday to raise $948 million in new capital as part of a financing agreement with a group of lenders.
Treasury Secretary Henry Paulson plans to call for extensive, wide-ranging reforms to the way the government regulates financial markets, including proposals to give the Federal Reserve more power and create new bodies to monitor mortgages and other transactions.
Mid-market private equity player Graphite Capital has exited
Gloucestershire-based medical firm Summit Medical, more than tripling its
return on its original investment. Source: Latest Business News from Times Online | 29 Mar 2008 | 2:53 pm
You might not be in the market for a house. But this is a good time to be shopping for what goes inside, with furniture at bargain prices - although only for the next few months.
We canvassed the country to find towns with the best mix of business advantages and lifestyle appeal. Check out our 100 top picks and find the perfect place to build your dream.
FRANKFURT (Reuters) - The financial market crisis could cause losses of up to $600 billion at banks and other financial institutions worldwide, a German magazine reported on Saturday, citing an internal report by German financial watchdog BaFin.
INSTITUTIONAL investors in private equity will turn their backs on large
buyout funds in response to the credit crisis that has forced many firms to
scale back their deal-making activity, according to a survey to be published
this week. Source: Latest Business News from Times Online | 29 Mar 2008 | 2:00 pm
The Government has given the green light to online Lotto sales.
NZ Lotteries will now be allowed to sell Lotto, Powerball, Strike, Big Wednesday and Keno via the internet. Critics of online gambling have cited it as a major potential... Source: New Zealand Herald - Business | 29 Mar 2008 | 1:37 pm
A week ago, Joshua Hager was despondent. Laid off by a mortgage company, he has looked for jobs ranging from bank teller to risk analyst. He was sending out as many as 10 resumes a day but was getting barely a nibble from employers or recruiters.
New Zealand's largest bilateral trade agreement is due to be signed with China on April 7th by Prime Minister Helen Clark and China's Premier Wen Jiabao.
It's the result of three years of negotiations and is believed to give New... Source: New Zealand Herald - Business | 29 Mar 2008 | 12:28 pm
In a move that will bloody a number of its customers, UBS (UBS) will mark down the value of auction-rate securities held by its customers. According to The Wall Street Journal the bank "began on Friday to lower the values of so-called auction-rate securities held by its clients, a move that will be a jolt to customers who had been told they were investing in a "cash alternative." The action could drop the value of some of the paper by as much as 20%. Other banks are likely to follow UBS's example The auction-rate securities has held by individual investors,...
Barry Diller and John Malone went after one another in court over whether Diller could get shareholders in IAC/Interactive (IACI) to approve breaking the company into five piece. Each would be traded as a public company. Malone's Liberty Media (LCAPA) said that the voting rights it had given Diller for its shares did not extend to the level which would allow them to be voted for dismantling the company. The entire matter was pushed into the Delaware courts, and Diller won. According to MarketWatch "Vice Chancellor Stephen Lamb ruled Friday that "Liberty has failed to demonstrate that Diller has breached...
America's Treasury Department will tomorrow put forward plans for a revamp of
US financial regulation in an attempt to curb the lending excesses that
triggered the credit crisis. Source: Latest Business News from Times Online | 29 Mar 2008 | 11:05 am
Northwest (NWA) could not get pilots in line for a merger with Delta (DAL), so it is going to try to move forward without them. It can get ready for a pilot's strike that could cost hundreds of millions of dollars in revenue. Northwest and Delta have been talking merger for several months. The pilots at the airlines have not been able to agree on seniority of a combined pool of fly-boys and this has held up the deal. Northwest wants none of that. According to The Wall Street Journal, NWA's "jumpstarted deal wouldn't include terms of a combined pilot...
Lehman Brothers has been the victim of fraud to the tune of $250 million. According to The Wall Street Journal "swindlers used forged documents from one of Japan's biggest trading companies." The money taken was for loans to a Japanese medical company secured by certificates from Marubeni, a large Japanese trading company. Douglas A. McIntyre
Reuters - Lehman Brothers was
fleeced out of more than $355 million in a fraud the U.S.
investment bank believes was perpetrated by two employees at
Japanese trading house Marubeni Corp. (8002.T), according to a
person briefed on the matter.
Reuters - UBS AG said on Saturday it
has begun lowering the values of auction-rate securities held
by its clients.
Reuters - Upcoming Treasury Department
proposals to make the Federal Reserve the chief regulator of
U.S. financial markets and give it sweeping new powers won
praise on Saturday from the central bank and the head of the
Securities and Exchange Commission.
AFP - Germany's consumer protection minister Horst Seehofer has called for a law to regulate gathering information on employees after revelations that discount retailer Lidl had secretly monitored its workers.