Housing construction in India to rocket over next few yearsOver 500 million Indians will need new homes in almost a decade, close to the needs of China, North America and Western Europe put together, as the government and urban local bodies focus more on... | |
Plug pulled on Iranian oil exportsIran will stop its oil exports to Europe, Oil Minister Rostam Qasemi said Saturday.
The development comes after the European Union endorsed the measures adopted by the foreign ministers of the... |
Sharon Osbourne faces lawsuit over jewels dealSharon Osbourne has been sued by a design company which has accused the reality TV star of breaching a jewellery deal by pulling out at the last minute.
Lucas Design International executives... |
| Technology for All Won't Boost Stock Markets This past week, in a discussion group with a top Indian tech executive, I raised the question: Isn’t innovation for the mass market, by which we mean driving technology down to a price where... |
| Romney’s ‘Very Poor’ at Highest in 35 Years as Safety Gaps Grow Feb. 3 (Bloomberg) -- Republican presidential candidate Mitt Romney’s statement that the "very poor" don’t concern him comes at a time when the portion of Americans living in... |
| Good job news met with optimism, skepticism Job fairs are still crowded, but at 8.3 percent, unemployment is at a three-year low. Whether the job market feels stronger depends on your... |
| With sparse data, focus returns to Europe NEW YORK (Reuters) - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the... |
| EARNINGS PREVIEW: European Steelmakers Face Tough Year End CAPE TOWN – European steelmakers are expected to post lower earnings for the last quarter of the year compared to the same quarter a year earlier after rising global steel consumption in the... |
| IIF Chief Dallara Arrives At Greek Prime Minister's Office Lucas Papademos ' office late Sunday.Charles Dallara, managing director of the Institute for International Finance (IIF), along with Jean Lemierre, a senior adviser... |
| Federal budget, deficit and consumer credit, sentiment on tap jobs report is so last week. This week, we turn our attention to the federal government. You might have noticed it's the political season, so no doubt politicians of all stripes will harp on the... |
| Cisco earnings eyed for more improvement Follow this company earnings on Wednesday are being watched for more signs of improvement for the networking equipment giant. Analysts expect the San Jose-based company (NASDAQ:CSCO) to... |
| A Financial Wipeout That Really Didn't Have to Happen Bobby L. Hayes, an engineering entrepreneur in Incline Village, Nev., used to trust financial institutions. This is the story of why he no longer... |
| Romney Nevada Win Leaves Rivals With Few Options Mitt Romney's decisive victory in Nevada was never much in doubt. He won the state's caucuses four years ago, kept his organization active and he could count on support from Mormons who... |
| Era of Food Prices Always Falling Seen at End on Population Feb. 5 (Bloomberg) -- The era of food prices always falling has come to an end with the world population set to add another 2 billion people, according to Cargill Inc., the U.S. farm commodities... |
| Clinton Calls for ‘Immense Pressure’ on Assad After UN Veto Feb. 5 (Bloomberg) -- The U.S. will work with its allies to put "immense pressure" on Syrian President Bashar al-Assad to step down after Russia vetoed a resolution aimed at ending... |
| Saudi Aramco Raises March Oil-Price Differentials to Europe Feb. 5 (Bloomberg) -- Saudi Arabian Oil Co., the world’s largest crude exporter, raised differentials used in determining its official selling prices for all grades to customers in Northwest... |
| Toronto, Union Reach Preliminary Agreement Averting Strike Feb. 5 (Bloomberg) -- The city of Toronto and its municipal workers reached a preliminary agreement on job security and benefits, avoiding a strike that would have disrupted garbage pickup and snow... |
| Weibo Platform Boosts Tudou as Web Gamers Climb: China Overnight Feb. 6 (Bloomberg) -- Tudou Holdings Ltd. surged the most ever in New York, driving an index of U.S.-traded Chinese stocks to a seventh weekly gain, after the company announced an improved video... |
| Zuckerberg May Sell $1.67 Billion in Facebook Stock to Pay Taxes Feb. 4 (Bloomberg) -- Mark Zuckerberg may sell about $1.67 billion of Facebook Inc. stock in the company’s initial public offering to pay off taxes he will owe when he exercises options to buy... |
| Glencore, Xstrata hammering out final deal details XTA.L ) are hammering out the final details of an $80 billion tie-up to seal the industry's largest ever takeover, which could be announced as early as... |
| ET, the new alien scaring global markets (Reuters) - The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international... |
| EBRD Mirow: Greek Growth Needed Or Debt Cuts Won't Suffice-Report ROME – Greece urgently needs to kickstart economic growth or debt reduction alone won't be enough to put the euro-zone member on a sustainable footing, the head of... |
| Battlegrounds for bringing Wall Street to justice This much is clear: Despite rampant illegalities, bank fraud and countless cases of perjury, the response to date — at the federal level and from most, but not all, states — has been... |
| People problems plague Gulf start-ups The translation is done by the 400 freelancers recruited across the region - mainly in places like Syria, Jordan and Egypt. Despite knowing the turmoil of the Arab uprisings would not make for an... |
| Debt questions answered by an expert The number of people declared insolvent fell by 11% in England and Wales last year. However that still left nearly 120,000 people whose financial position reached crisis point. They had to declare... |
| Qualcomm not talking about bribery probe Qualcomm this week revealed a federal probe into the company's compliance with the Foreign Corrupt Practices Act but declined to provide further details.In a conference call with analysts on... |
| Premier Wen Says China Has Stake in Helping Europe China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and... |
| Volvo Holds Steady Course as Earnings Rise Feb. 3 (Bloomberg) -- Volvo AB, the world’s second-largest truckmaker, stuck to its estimates for the North American and European heavy-vehicle markets this year as sales growth helped... |
| Euro zone insists no Greek rescue without reforms BRUSSELS (Reuters) - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second... |
| Thomas Cook To Sell Indian Foreign Exchange Business-Report Credit Suisse Group AG (CS) to sell off its Indian foreign exchange business, The Sunday Times reported without citing sources.The sale is part of Thomas Cook's planned divestments of non-core... |
| Pakistani Bidder Emerges For Retailer Peacocks - Report LONDON – Alshair Fiyaz, a Pakistani textile billionaire, is working on a bid for collapsed clothing chain Peacocks, The Sunday Times reported without citing sources.The paper said Fiyaz is... |
| INDABA: Anglo Pacific Carves Out Niche In Mining Sector Via Royalties CAPE TOWN – U.K.-listed Anglo Pacific PLC (APF.LN ) is a rare breed for a mining sector-focused company.It's primary business isn't running a mine or owning a deposit, but securing... |
| Government to oppose rail bonuses Transport Secretary Justine Greening is to vote against bonuses for Network Rail bosses at the company's annual general meeting. The government claimed it would send a "very clear... |
| Microsoft office goes cloud to join cloud war with Google Docs The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a... |
| Wall Street betting on last-minute debt deal With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit... |
| A Mortgage Tornado Warning That Went Ignored Years before the housing bust -- before all those home loans turned sour and millions of Americans faced foreclosure -- a wealthy businessman in Florida set out to blow the whistle on the mortgage... |
| British Airways, Ryanair, Cancel Flights After Snow Hits London Feb. 5 (Bloomberg) -- International Consolidated Airlines Group SA’s British Airways unit and Ryanair Holdings Plc were among airlines cutting hundreds of flights from London after snow... |
| Italy Crippled by Winter Storm With Snow as Far South as Naples Feb. 4 (Bloomberg) -- A winter storm battered much of Italy, bringing arctic temperatures to the north and snow as far south as Naples, disrupting transport and commerce across the... |
| Micron CEO’s 330-Mph Plane Had High Fatal-Crash Rate, FAA Says Feb. 4 (Bloomberg) -- The Lancair IVP aircraft that Micron Technology Inc. Chief Executive Officer Steve Appleton was piloting when he died yesterday is known for its performance and a... |
| Chrysler Continues to Seek U.S. Energy Loans, Marchionne Says Feb. 5 (Bloomberg) -- Chrysler Group LLC will continue pursuing loans from the U.S. Energy Department while the failure of companies that have borrowed from government programs may prolong the... |
| Dubai Shares Rise to 4-Month High on Earnings, Growth Outlook Feb. 5 (Bloomberg) -- Dubai stocks rose to the highest in more than four months on bets earnings will beat expectations and after the U.S. jobless rate slid to the lowest level in three years,... |
| Most Germans want Greece to quit euro: poll Greece's Finance Minister Evangelos Venizelos makes statements outside his office in Athens February 4, 2012. Greece has agreed with euro zone partners on how to recapitalise Greek banks after a... |
| Deutsche Boerse board member wants CEO out: paper Reto Francioni, CEO of Deutsche Boerse AG (German stock exchange) delivers a speech a news conference at the Frankfurt stock exchange February 1,... |
| Xstrata Investors Seek Premium In Glencore Merger Talks -Report LONDON – Xstrata (XTA.LN) Chief Executive Mick Davis and Chairman Sir John Bond may be at risk of being voted off the company's board if a significant premium isn't offered as part of... |
| Greek PM in crucial bailout talks Greek PM Lucas Papademos is set to meet the party leaders of his coalition to try and win support for a proposed 130bn euros ($171bn; 108bn) EU rescue. Mr Papademos wants their backing for reforms... |
| France says Greek PSI talks going "relatively well" PARIS (Reuters) - France's finance minister said on Sunday talks were moving "relatively well" on the private sector portion of a Greek bailout, but discussions designed to bring its... |
| Corporate banker in Japan: 'I don't see much innovation coming out of the UK' | Joris Luyendijk "When I travel to New York, I am always struck by the percentage of Caucasians in the banks there. Here in Tokyo it's overwhelmingly Japanese. But in London you have the whole world... |