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India's Bharti in talks to buy stake in MTNIndia's top mobile operator Bharti Airtel said on it was exploring a potential deal to buy 49 per cent in South African telecoms firm MTNSource: Financial Times - US homepage | 25 May 2009 | 1:07 pm World economy stabilizing: Krugman (Reuters)
Source: Yahoo! News: Business | 25 May 2009 | 12:53 pm Germany expects Opel decision mid-week: ReportGermany's government will try to reach a decision on the three bids for General Motors Corp.'s Opel unit by the middle of this week, media reports say.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 12:51 pm RMB 550 Million (US$81 Million) Strategic Investment by TPG Capital in Daphne InternationalHONG KONG, May 25 /PRNewswire-Asia-FirstCall/ -- Daphne International Holdings Limited (HKSE: 210, "Daphne" or "the Company"), the owner of the ...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 12:31 pm SportsWatch: China group to buy 15% of NBA's Cavaliers: JournalA Chinese investment group may acquire as much as 15% of the company that owns the Cleveland Cavaliers of the National Basketball Association and operates the Quicken Loans Arena, The Wall Street Journal reports.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 12:30 pm Saudi Arabia predicts oil spike amid investment fearsROME (Reuters) - Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 12:28 pm Saudi Arabia predicts oil spike amid investment fearsROME (Reuters) - Saudi Arabia warned oil prices could spike to beyond the near $150 record high of 2008 within two to three years, as energy leaders on Monday decried a blow to investment in expanding capacity due to the financial crisis.Source: Reuters: Business News | 25 May 2009 | 12:28 pm REFILE-UPDATE 1-Sabretooth Energy to get C$9.44 mln investment*Sabretooth says Cequence to buy 25.5 mln shares at C$0.37/shrSource: RSS feed - channel BNewsBusiness | 25 May 2009 | 12:27 pm Pyongyang tests missiles, detonates nuclear deviceNorth Korea state media says the country's military conducts successful underground nuclear test. And later the country launched two short-range missiles.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 12:22 pm Oil falls ahead of OPEC meetingRead full story for latest details.Source: Business and financial news - CNNMoney.com | 25 May 2009 | 12:16 pm World condemns N Korea nuclear testNorth Korea said it had detonated a nuclear weapon, sparking an emergency meeting of the UN Security Council amid fears the communist state is racing to fit atomic warheads on its improving arsenal of ballistic missiles.Source: Financial Times - US homepage | 25 May 2009 | 12:10 pm World economy stabilizing: KrugmanABU DHABI (Reuters) - The world economy has avoided "utter catastrophe" and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.Source: Reuters: Business News | 25 May 2009 | 12:09 pm China still buying record amounts of U.S. bonds: reportTOKYO (Reuters) - China's official foreign exchange manager is still buying record amounts of U.S. government bonds, in spite of Beijing's increasingly vocal fear of a dollar collapse, the Financial Times reported.Source: Reuters: Business News | 25 May 2009 | 12:09 pm Italy's Polynt Group Increases Capital to Build New Production Lines in Changzhou National Hi-Tech DistrictCHANGZHOU, May 25 /PRNewswire-Asia/ -- On May 20, Polynt Chemical (Changzhou) Co., Ltd., a company with investment from an Italian listed company, held a grand ceremony...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 12:00 pm World economy stabilizing: KrugmanABU DHABI (Reuters) - The world economy has avoided "utter catastrophe" and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:59 am Oil investment falls by $170 blnOil producers have cancelled or delayed 170 billion dollars' worth of investment in recent months, the IEA said in comments published Monday, underlining the impact of the economic crisis.Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:57 am 11 ways to save money nowDon't let this recession keep you down.Build a stronger portfolio, cut the fat from your budget, and give yourself a head-to-toe fiscal makeover.Source: Business and financial news - CNNMoney.com | 25 May 2009 | 11:56 am Top MBA Employers: They're hiring!Not only are these top 15 employers popular, but even in this economy most are looking for talent.Source: Business and financial news - CNNMoney.com | 25 May 2009 | 11:49 am India Bharti may raise $3-4 bln debt for MTN-sourcesMUMBAI, May 25 (Reuters) - India's top telecoms firm, Bharti Airtel Ltd , may raise about $3 billion to $4 billion in debt if merger talks with South Africa's MTN Group succeed, four banking sources said...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:46 am UPDATE 1-Angle Energy sees higher 2009 productionMay 25 (Reuters) - Calgary-based oil and gas explorer Angle Energy Inc forecast about a 23 percent jump in 2009 average production, helped by its recently announced acquisition of certain producing properties...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:46 am Fed's Fisher says inflation no riskFRANKFURT (Reuters) - Dallas Federal Reserve President Richard Fisher said there was no sign of a problem with U.S. inflation at the moment, and revealed that Chinese officials had quizzed...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:44 am Fed's Fisher says inflation no riskFRANKFURT (Reuters) - Dallas Federal Reserve President Richard Fisher said there was no sign of a problem with U.S. inflation at the moment, and revealed that Chinese officials had quizzed him on the Fed's purchases of U.S. government bonds.Source: Reuters: Business News | 25 May 2009 | 11:44 am Fed's Fisher says inflation no risk (Reuters)
Source: Yahoo! News: Business | 25 May 2009 | 11:40 am German business sentiment up, Japan raises outlookLONDON (Reuters) - A key measure of German business sentiment rose in May and Japan raised its economic outlook for the first time in three years in further signs the worst of the global recession may be over, with stability seen later in 2009.Source: Reuters: Business News | 25 May 2009 | 11:36 am German business sentiment up, Japan raises outlookLONDON (Reuters) - A key measure of German business sentiment rose in May and Japan raised its economic outlook for the first time in three years in further signs the worst of the global...Source: RSS feed - channel BNewsBusiness | 25 May 2009 | 11:36 am When Entrepreneurship Meets Kindergarten
Source: Business Pundit | 25 May 2009 | 11:27 am Oil falls towards $61LONDON (Reuters) - Oil prices fell toward $61 a barrel on Monday, giving away some of last week's gains, ahead of OPEC's meeting in Vienna, where the group was widely expected to agree not to cut oil output further.Source: Reuters: Business News | 25 May 2009 | 11:27 am Bharti Airtel and MTN revive merger talksThe largest mobile operators in India and sub-Saharan Africa have revived merger talks that could create a $60 billion ($£37 billion) industry giant with 200 million subscribers and strong footholds in two of the sector’s most attractive markets. Source: Latest Business News from Times Online | 25 May 2009 | 11:06 am German leaders expect Opel decision by mid-weekBERLIN (Reuters) - The German government will likely settle on a preferred bidder for Opel, the German unit of General Motors, by the middle of the week, Chancellor Angela Merkel's spokesman said on Monday.Source: Reuters: Business News | 25 May 2009 | 11:02 am German leaders expect Opel decision by mid-week (Reuters)Reuters - The German government will likely settle on a preferred bidder for Opel, the German unit of General Motors, by the middle of the week, Chancellor Angela Merkel's spokesman said on Monday.Source: Yahoo! News: Business | 25 May 2009 | 10:58 am Bharti and MTN renew talks to create telecom giantIndia’s Bharti Airtel and South Africa’s MTN Group Monday renew merger talks that could catapult the combined entity into a telecommunications giant in emerging markets.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 10:58 am European markets slip, Asia gains (AP)
Source: Yahoo! News: Stock Markets News | 25 May 2009 | 10:50 am European exchanges slide (AFP)
Source: Yahoo! News: Stock Markets News | 25 May 2009 | 10:48 am Nikkei advances, Seoul drops in mixed AsiaAsian equity markets end mixed Monday, with South Korean stocks shaking off initial concerns in the wake of a nuclear test by North Korea to end only slightly lower after a choppy session.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 10:39 am RBS executives set to share £5m rewardRoyal Bank of Scotland, which is 70 per cent-owned by the Government, has handed four of its senior executives share awards worth a total of £5 million at current prices, a month after unveiling a controversial £2.9 million scheme for its new head of global banking and markets. Source: Latest Business News from Times Online | 25 May 2009 | 10:33 am Europe Markets: European markets weak on survey gloom, autosEuropean stocks turn sharply lower as a key business-sentiment survey in Germany comes in weaker than expected and autos contribute to the losses.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 10:23 am German firms see optimism aheadFirms in Germany are more confident now than they have been for six months, according to a key index.Source: BBC News | Business | World Edition | 25 May 2009 | 10:07 am CSL: U.S. regulators to bar $3.1 bln Talecris bidAustralia's CSL Ltd, the world's second-largest blood-plasma-products maker, says its $3.1 billion bid to take over Talecris Biotherapeutics Inc. is likely to face opposition from the U.S. Federal Trade Commission.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 10:05 am Philips brews up deal with SaecoPhilips, the firm behind the Senseo brand of coffee makers, agrees to buy leading espresso machine firm, Saeco.Source: BBC News | Business | World Edition | 25 May 2009 | 9:56 am Novel ideas surface for U.S. banks' executive payNEW YORK/WASHINGTON (Reuters) - As the Obama administration looks for ways to reform executive pay in the banking industry, novel ideas are surfacing on how to move away from stock options as a key component of compensation.Source: Reuters: Business News | 25 May 2009 | 9:48 am Vienna Sikh attack sparks Punjab riotWal-Mart Stores has deferred the launch of its first cash-and-carry store in India, after riots in the northern Punjab state following an attack on a Sikh temple in the Austrian capital ViennaSource: Financial Times - US homepage | 25 May 2009 | 9:44 am As PetroChina (PTR) Buys Into Singapore Pet, Issues About Strategic Interests RiseChina Petroleum (PTR) is buying 45.5% of Singapore Petroleum for just over $1 billion and will probably move to purchase the balance of the company. China recently proposed a deal to lend $10 billion to Brazilian oil giant Petrobras to help it develop deep sea crude deposits. In exchange, the world’s most populous nation has [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 25 May 2009 | 9:32 am Shares rebound after test shockSouth Korea's main index falls 6% following news of North Korea's nuclear test, before recovering.Source: BBC News | Business | World Edition | 25 May 2009 | 9:14 am Media Digest 5/21/2009 Reuters, WSJ, NYTime, FT, BloombergReuters: Magna and Fiat improved bids for Opel as competition for the firm rose. Reuters: The air cargo market, a key global indicator, has probably bottomed. Reuters: Banks are coming up with novel ways to pay executives to get around TARP restrictions. Reuters: G8 energy leaders urged stable oil prices. Reuters: The Fed’s Kohn said rates will stay low [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 25 May 2009 | 8:36 am Shanda Interactive mulls IPO for online-games unitShanda Interactive Entertainment Ltd. says Monday that it will file on a confidential basis with the U.S. Securities and Exchange Commission a draft proposal under which it might take public its Shanda Games Ltd. online-games subsidiary.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 8:22 am Asia Markets And Europe Open 5/23/2009Markets in Asia were mostly higher. The Nikkei rose 1.3% to 9,347. The Hang Seng was up .6% to 17,172. The Shanghai Composite rose .5% to 2,610. At the open in Europe, the UK markets were closed. The Dax was up .6% to 4,920. The CAC 40 moved higher by .1% to 3,229. Data from Reuters and MarketWatch. Douglas A. McIntyre Posted [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 25 May 2009 | 8:07 am Russian firm bids to invest in Facebook: JournalA Russian investment firm offers to invest $200 million in preferred stock of Facebook, the closely held social-networking site, at a valuation of $10 billion, people familiar with the matter tell the Wall Street Journal.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 7:27 am Australian stocks: Market closes downMELBOURNE - The Australian share market was pulled back on Monday by the lift of a ban on covered short selling of financial stocks and news of a North Korean underground atomic weapons test. On the positive side, higher prices...Source: New Zealand Herald - Business | 25 May 2009 | 7:07 am North Korea nuclear test dents stocks, impact limited (Reuters)
Source: Yahoo! News: Business | 25 May 2009 | 7:00 am North Korea nuclear test dents stocks, impact limitedHONG KONG (Reuters) - South Korean stocks and the won dipped after North Korea said it had conducted a nuclear test on Monday, but the reaction was limited as investors had expected such a move from the North and have become long accustomed its provocations.Source: Reuters: Business News | 25 May 2009 | 7:00 am Hoping to turn books into blockbustersHollywood studios in search of 'Harry Potter'-like success are adapting childhood classics into family-friendly films. ...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 7:00 am Some inventions born amid recessionPushing ideasSource: RSS feed - channel BNPaperBusiness | 25 May 2009 | 7:00 am Investor-funded research could bring march of science to a standstillAs private concerns increasingly tread on the territory of academic researchers, the result could be secrecy, delay and the pursuit of quick financial returns. ...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 7:00 am Recession is giving inventors time to fine-tune their ideasWith time on their hands, self-starters are pushing concepts to finality.If we have the Great Depression to thank for inventions such as the Twinkie, Monopoly and the photocopier, this recession may be remembered for inspiring a biodegradable shower mat, a tie that holds iPods and a gadget that breaks the vacuum seals of jars.
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Realtors are abandoning a listing shipThe housing crunch and Internet are shrinking the ranks of agents.Marco Huerta and Youngmin Bae bought their Burbank home without ever meeting their real estate agent. Instead, they scoured listings for their favorite neighborhoods, haggled over prices and even wrote their offer using Marco's cellphone.
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Robocall case sheds light on a secretive industryA former employee of Transcontinental Warranty, which is accused of making illegal recorded calls, says workers could be fired for divulging the firm's name.The despised robocall companies that send out illegal recorded calls nationwide to try and get people to buy car warranties or apply for credit cards are among the most secretive operations outside the CIA.
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Some inventions born amid recessionPushing ideas
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Robocall case sheds light on a secretive industryA former employee of Transcontinental Warranty, which is accused of making illegal recorded calls, says workers could be fired for divulging the firm's name. ...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 7:00 am The week ahead, at a glanceAt a glance TODAY Memorial Day. Markets are closed.
Source: L.A. Times - Business | 25 May 2009 | 7:00 am The week ahead, at a glanceAt a glance TODAY Memorial Day. Markets are closed.Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 7:00 am Investor-funded research could bring march of science to a standstillAs private concerns increasingly tread on the territory of academic researchers, the result could be secrecy, delay and the pursuit of quick financial returns.Dr. Philip H. Schwartz spent six years providing university researchers with neural stem cells cultured by a method he had helped invent at the Salk Institute in La Jolla .
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Hoping to turn books into blockbustersHollywood studios in search of 'Harry Potter'-like success are adapting childhood classics into family-friendly films.It was a seminar that top executives at Sony and Paramount couldn't afford to miss. Forty-six of them -- including Sony Pictures Chairman Michael Lynton, co-Chairman Amy Pascal, Paramount Film Group President John Lesher and marketing teams from around the globe -- crowded around a table recently in one of Sony's conference rooms.
Source: L.A. Times - Business | 25 May 2009 | 7:00 am Systemax relaunches CircuitCity.com WebsiteSystemax Inc., the online retailer of computers and electronics, says it relaunches CircuitCity.com after it acquires trademarks, trade names, domain names, customer lists and other assets.
Source: MarketWatch.com - Top Stories | 25 May 2009 | 6:46 am NZ stocks: Shares lower as Telecom fallsThe New Zealand sharemarket was weaker today as Asian markets wobbled after North Korea said it had conducted a nuclear test. The benchmark NZSX-50 index closed down 20.349 points, or 0.737 per cent, at 2740.195. Turnover was worth...Source: New Zealand Herald - Business | 25 May 2009 | 6:20 am China to resume IPOs as early as next month: govt (AFP)
Source: Yahoo! News: Stock Markets News | 25 May 2009 | 6:06 am Currency: Dollar firm ahead of BudgetThe New Zealand dollar is firm ahead of the Government's budget even though there is a risk of a downgrade by credit rating agency Standard and Poor's. This is because global investors are shunning US dollar assets. The NZ dollar...Source: New Zealand Herald - Business | 25 May 2009 | 5:31 am Realtors are abandoning a listing shipThe housing crunch and Internet are shrinking the ranks of agents. Marco Huerta and Youngmin Bae bought their...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 4:53 am Small surprises in Budget, says PMPrime Minister John Key says the country can expect small surprises in this week's Budget. The Government is due to outline its fiscal plans on Thursday. Future deficits and the possibility of a credit downgrade remain central...Source: New Zealand Herald - Business | 25 May 2009 | 4:31 am Wall Street nervously awaits data on home sales, consumer confidenceThe market's upward movement is likely to be hurt by disappointing reports on the housing sector and on consumer spending. GM's widely expected bankruptcy filing also weighs heavy on investors' minds.Investors are uneasy going into this week, which will bring two reports on April home sales and the latest assessment of consumer confidence. They're also nervous about next week's widely expected bankruptcy filing by General Motors Corp.
Source: L.A. Times - Business | 25 May 2009 | 4:27 am Wall Street nervously awaits data on home sales, consumer confidenceThe market's upward movement is likely to be hurt by disappointing reports on the housing sector and on consumer spending. GM's widely expected bankruptcy filing also weighs heavy on investors' minds...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 4:27 am F & P Appliances to reveal all WednesdayFisher & Paykel Appliances, one of the country's most respected and oldest manufacturers, will reveal if it has dug itself out of a debt hole on Wednesday. Appliances was granted a trading halt on its shares today, saying capital...Source: New Zealand Herald - Business | 25 May 2009 | 4:15 am Recession is giving inventors time to fine-tune their ideasWith time on their hands, self-starters are pushing concepts to finality. If we have the Great Depression to thank...Source: RSS feed - channel BNPaperBusiness | 25 May 2009 | 4:08 am Anger grows at US dairy protectionismPrime Minister John Key has added his voice to condemnation over the United States' decision to reintroduce export subsidies on dairy products. "It's a very disappointing move and its unhelpful because frankly it runs the risk...Source: New Zealand Herald - Business | 25 May 2009 | 4:00 am Toyota knocked as suppliers' top customerSurvey suggests Japanese carmakers Toyota and Honda are putting almost as much pressure on suppliers to lower prices as are the three Detroit carmakersSource: Financial Times - US homepage | 25 May 2009 | 2:38 am UN calls on business to create green economyBan Ki Moon, the UN Secretary-General, has called on the world's leading businesses to help to “retool the economy into one that is cleaner, greener and more sustainable”. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Japan's big guns prepare to rejoin global arms industryThe huge engineering and technological might of Japan may be poised for a new lease of life as the country prepares to ditch a self-imposed ban on arms exports that was introduced in the mid-1970s. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Action on wind farm radar threat to aircraftThe body that monitors UK airspace is seeking a solution to the potentially disastrous problem of commercial and military aircraft disappearing in radar blackout zones caused by wind farms. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Whitelee's wind of change merely heralds stormy debateOn a barren hillside outside Glasgow, dozens of wind turbines are spinning in the breeze as Britain's largest onshore wind park starts to generate electricity. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Sir Stuart Rose prepares for an early exit from Marks & SpencerSir Stuart Rose has quietly paved the way for an early exit from Marks & Spencer. The retailer’s executive chairman, who has been under fire from critics in the City and institutional shareholders, said publicly for the first time last week that he hoped to go before his previously announced departure date. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Commuter's dream: the office that comes to you, from RegusCommuting is a fact of life for about 15million Britons, a daily nightmare of hours spent crammed on a train or queueing in traffic, racing with thousands of others to sit at a computer, use the phone, flirt at the water cooler and, occasionally, do some work. At the end of the day, the whole exhausting, exasperating process has to be endured again, in reverse, and if you are lucky, if the credit crunch hasn't squeezed you out of a job, there is always tomorrow to look forward. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Brazilian bank develops taste for life in LondonOne of the world's biggest development banks will begin operations in London, the first such move by a foreign bank since the beginning of the credit crunch. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Hotels on both sides of the pond count cost of recessionThe opening of the first W Hotel in Britain next year, on the site of the former Swiss Centre in Leicester Square, will mark the arrival of a brand that has helped to redefine the luxury boutique segment in the United States. Today, however, the global recession and weak travel demand means more empty rooms and downward pressure on room rates, both in London and New York. In such a period, the American market, with a mature, competitive, branded hotel landscape, with approximately 67 per cent of the rooms estimated to be affiliated to chains and with over seven times as many rooms as the UK, provides a useful reference point. Source: Latest Business News from Times Online | 25 May 2009 | 12:00 am Survey sees rise in UK confidenceConfidence among business professionals has risen for the first time in two years, a survey shows.Source: BBC News | Business | World Edition | 24 May 2009 | 11:59 pm How Important is Custom Web Design?
I’ve been working through the process of moving a couple of websites from free hosted services and generic themes to their own URLs with custom themes. Doing so has made me look at every website I visit from a new perspective. Did I really have to spend all that money for custom web design? Remember when PowerPoint first came out and everyone went nuts creating animated slide presentations and slick looking reports with nothing more than the built-in templates? It was pretty easy to impress because the technology made you look good. All you had to do to outshine your competition was figure out the software. But eventually it got to the point where some of us sorry souls could identify the backgrounds and the fonts in every presentation we saw. It wasn’t impressive anymore to use the tired old options. If you wanted to stand out, you needed the services of talented designers once again. That’s exactly how I think websites have come along. At first it was a big deal to have a static website. Now it’s mandatory to have some kind of online presence if you want customers to find you. Then blogs and social media exploded and boy wasn’t it something to have a blog - any blog - for your business! It didn’t matter that it was hosted on a free Blogger or Wordpress account. You were already ahead of the pack. And now that every Martha and her dog has a blog, you’ve got to go to the extra expense and effort of having a custom site designed. Or do you? I’m having mine overhauled in the hopes that it’ll differentiate me from the competition as more talented and professional. But in the end is it really about how good your site looks? Or the quality of product you deliver?
Source: Business Pundit | 24 May 2009 | 11:24 pm Bidders pitch for Australian Aviva armBankers to Aviva have received first-round bids for the UK insurance group's A$1bn (US$778m) Australian life assurance business, which Aviva is looking to sell to bolster its capital position.The auction...Source: RSS feed - channel BNPaperBusiness | 24 May 2009 | 11:17 pm Key confident NZ won't get credit downgradePrime Minister John Key does not think New Zealand's credit will be downgraded after Finance Minister Bill English's first budget on Thursday. Three executives from ratings agency Standard & Poor's are in the country looking at...Source: New Zealand Herald - Business | 24 May 2009 | 11:00 pm Household incomes rise thanks to drop in interest ratesHousehold incomes rose in April for the first time since January showing that lower interest rates are having an impact on consumers' budgets.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 10:34 pm NZ Shares: Market flat despite early Telecom fallThe New Zealand sharemarket was flat in early trading, despite a 3 per cent fall for top stock Telecom to start the week. Along with the early 8c fall by Telecom to $2.52, another leading share, Fletcher Building, was also down,...Source: New Zealand Herald - Business | 24 May 2009 | 10:32 pm China stuck in 'dollar trap'China's official foreign exchange manager is still buying record amounts of US government bonds, in spite of Beijing's fear of a dollar collapse, say officials and analystsSource: Financial Times - US homepage | 24 May 2009 | 10:30 pm Brown demands MEPs publish receiptsUK premier Gordon Brown will try to regain the initiative in the MPs' expenses scandal by forcing Labour members of the European parliament to publish receiptsSource: Financial Times - US homepage | 24 May 2009 | 10:30 pm Record mortgagee sales as downturn bitesMortgagee property sales have hit an all-time high, with 201 recorded for March, a company specialising in property and land information says. In the 15 years figures have been recorded, the previous highest was 191 last December,...Source: New Zealand Herald - Business | 24 May 2009 | 10:00 pm Biogen says 2 proxy advisory firms support its slateNEW YORK (Reuters) - Biogen Idec Inc on Sunday said two proxy advisory firms recommend shareholders of the biotechnology company vote against billionaire Carl Icahn's slate of candidates for its board.Source: Reuters: Business News | 24 May 2009 | 9:46 pm F & P shares in trading haltShares in Fisher & Paykel Appliances were put on a trading halt shortly after 9am today. Previously Appliances said it was looking for a cornerstone shareholder. Late last month the company said its banking syndicate had extended...Source: New Zealand Herald - Business | 24 May 2009 | 9:45 pm Decision on state aid to Arcandor delayedThe German government is set to delay any decision about providing state aid to Arcandor until June, as the state pushes the troubled retailer and rival Metro for details about a possible merger of their...Source: RSS feed - channel BNPaperBusiness | 24 May 2009 | 9:34 pm ECB staff to strike over pensionsStaff at the European Central Bank have called their first strike, in a protest over planned changes to their pension schemeSource: Financial Times - US homepage | 24 May 2009 | 9:29 pm Africa almost giving land away, says UNAfrican states are giving away vast tracts of farmland almost for free, with the only benefits consisting of vague promises of jobs and infrastructure, says a new reportSource: Financial Times - US homepage | 24 May 2009 | 9:05 pm Lord Drayson: a driving force for change in UK scienceCombining politics with motor racing is a dream job for the minister preparing to compete at Le Mans.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 8:58 pm G8 energy leaders urge stable oil pricesRead full story for latest details.Source: Business and financial news - CNNMoney.com | 24 May 2009 | 8:43 pm Novel ideas surface for U.S. banks' executive pay (Reuters)
Source: Yahoo! News: Business | 24 May 2009 | 8:36 pm Beware false dawns the consumer downturn is still in its early stagesDon't laugh. Last week saw some unexpected good news. Indeed if you looked only at the retail sales figures you wouldn't know that we are in a recession. What on earth is going on asks Roger Bootle.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 8:28 pm US bonds sale faces market resistanceThe US Treasury is facing an ordeal by fire this week as it tries to sell 100bn £62bn of bonds to a deeply sceptical market amid growing fears of a sovereign bond crisis in the AngloSaxon world.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 8:19 pm Wall Street: Flat is goodInvestors will return from the long weekend for what could be a pivotal moment on Wall Street.Source: Business and financial news - CNNMoney.com | 24 May 2009 | 8:15 pm Sir Martin Sorrell seeks US support to seal WPP bonus planSir Martin Sorrell will rely on WPP's US shareholders to push through a controversial 95m £60m bonus scheme next week.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 8:05 pm Fiat revises takeover plan for OpelFiat has filed a revised takeover plan for Opel, the European unit of US carmaker General Motors, in what is being seen as a last-minute attempt to win over German politicians and unions, many of whom back a rival bid led by Canadian group MagnaSource: Financial Times - US homepage | 24 May 2009 | 7:54 pm UK commercial rents in grip of recessionOffice and retail rents are under pressure across the UK as the recession grips the real economy with the North West among the worsthit.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 7:46 pm Pension Corporation's bid for Paternoster collapsesTalks between Pension Corporation the specialist pension buyout group and takeover target Paternoster have collapsed after a dispute over price.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 7:37 pm Donington running on empty ahead of British Grand PrixThe uncertain future of the British Grand Prix is in stark contrast to the glitz and glamour of Monaco.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 7:23 pm US military chief hints at softer Iran stanceThe US's top military official appeared to suggest that the US could accept Iran retaining its capacity to enrich uranium provided it abandoned efforts to develop nuclear weaponsSource: Financial Times - US homepage | 24 May 2009 | 7:23 pm Sector review: Three stars and three lemons for 2009We review the market performance of technology general retailers mining real estate pharmaceuticals and utilities so far this year.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 7:03 pm Opel storm wracks German coalitionA bitter dispute in Germany over the future of carmaker Opel threatens to break apart the apart the LeftRight coalition.Source: Finance and Business. Latest breaking news stocks and shares from the UK and world | 24 May 2009 | 6:56 pm Investors await housing, consumer confidence news (AP)AP - Investors have lost some of their bravado when facing bad economic news.Source: Yahoo! News: Stock Markets News | 24 May 2009 | 5:54 pm Mark Cuban's battle with SEC heating up (AP)AP - The Dallas Mavericks are out of the NBA playoffs, and the spotlight is now following the team's controversial owner, Mark Cuban, to a different venue federal court.Source: Yahoo! News: Stock Markets News | 24 May 2009 | 5:35 pm Fiat improves bid for GM's OpelItalian carmaker Fiat has improved its bid to buy Opel and its UK brand Vauxhall from General Motors.Source: BBC News | Business | World Edition | 24 May 2009 | 3:42 pm Winds of changeGerman fan maker aims to dodge downturnSource: BBC News | Business | World Edition | 24 May 2009 | 3:29 pm 10 last-minute summer getawaysHaven't made your vacation plans yet? Lucky you. This year the best deals come to those who waited.Source: Business and financial news - CNNMoney.com | 24 May 2009 | 1:36 pm World Bank warns of social unrestThe head of the World Bank has warned the global economic crisis could in turn lead to serious social upheaval.Source: BBC News | Business | World Edition | 24 May 2009 | 1:24 pm Kenya's flower growers are the recession's latest victimsKenya's flower growers are suffering as demand for their crops, one of the country's flagship exports, has been hit by the global recession.Source: BBC News | Business | World Edition | 24 May 2009 | 12:29 pm The Next Catastrophe For Banks: $3.5 Trillion In Commercial Real Estate DebtIn a long, analytic article about commercial real estate, The New York Post points out that the debt backed by commercial real estate in the US has hit $3.5 trillion. The paper writes that “About $1.4 trillion in real estate debt is set to mature over the next four years, with some $204 billion coming due this year [...][[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Source: 24/7 Wall Street | 24 May 2009 | 11:44 am
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