Latest Breaking Business News
RSS-
Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
-
Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
-
Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
More Breaking Business News
RSS-
Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
-
Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
-
Price of oil falls below $96 per barrel as traders await data Fed chief Bernankes speech
BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at ...
-
Asian stocks rise on signs of steady US recovery
Investors will have a slew of data to sift through this week, including U.S. homes sales and durable goods orders. Analysts are somewhat pessimistic about the strength of China's recovery but are expecting to see solid improvement in the ...
-
Futures Movers Oil prices decline break away from $96
LOS ANGELES (MarketWatch) -- U.S. crude-oil futures slipped Monday, pulling back from gains in the previous session after a firmer view of the economy by consumers raised prospects for energy ...
-
Tesco’s clothing brand plans expansion
London - The clothing brand sold by Britain's biggest retailer Tesco said on Sunday it planned to open more than 50 new franchise stores worldwide over the next five ...
-
Microsoft organises information technology workshop for students
Accra, May 20, GNA - Microsoft, a global ICT giant, has organised an information technology workshop, to motivate Ghanaian students to develop applications that can be used to solve real life problems in Ghana and the African ...
-
Why This Week Could See Start of of Risk-Off
We have seen bouts of reality emerging in phases, which have subsequently been washed over by the relentless search for yield, Slovenia's bond issue last week being a classic example. However, the deteriorating economic and political triggers in Europe appear likely to cause a bout of serious risk-off, starting early this ...
-
No Love for Metals - Silver Gets Slammed
. The metal fell victim to heavy selling on Monday, dragging gold down with it, on U.S. dollar strength and as investors turned more cautious on precious metals as an alternate investment, said experts. "We feel silver weakness has been a liquidation trade as investors grow increasingly wary of precious metals and traders are forced to close positions to meet margin calls elsewhere," ...
-
Chesapeake Energy hires Anadarko executive as CEO WSJ
APC.N ) as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the ...
-
Analysis Shrinking deficit reduces pressure for budget deal
WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be ...
-
Insight The road to a greener America is littered with road-kill
Apart from the relative success of Tesla Motors Inc in putting nearly 10,000 of its pricey luxury electric cars on the road, the electric vehicle sector has been among the biggest duds in clean ...
-
Expectations high for Microsofts next Xbox game system
In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface. With the next Xbox expected to finally be revealed Tuesday at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (Damian ...
-
New Xbox will be star of show at Microsoft event
The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...
-
SAC Capitals Cohen gets subpoena to testify NY Times
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, ...
-
A Look Ahead This Weeks ETFs to Watch
Sell in May and go away? Try again next year. After last week's gains, the S&P 500 is sitting on a 4.4 percent gain for the month heading into Monday's trading session. The benchmark U.S. index now resides less than 40 points away from the lofty 1,700 level. Indeed, this rally has plenty of critics, but talk from the naysayers has proven to be cheap and, more importantly, wrong. In ...
-
Insight The fight for North Dakotas fracking-water market
WATFORD CITY, North Dakota (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for ...
-
Analysis At margins of shale oil boom a tempered euphoria
HOUSTON/NEW YORK (Reuters) - For the past three years, the boom in the U.S. shale oil industry has outstripped all expectations. Production surged far faster than any forecasts; drillers raced to secure space in new pipelines to get their crude to ...
-
Dreamliner Back in Action After Hiatus
United Airlines 787 will fly from Houston to Chicago Monday morning carrying more than 250 passengers including the CEO's of United and Boeing. Given the massive amount negative publicity, including video of one Dreamliner with smoke drifting out of it in January, there are many wondering if people will be afraid to fly the plane. "There may be some who are concerned about flying on ...
-
Should You Pay Off Your Exs Debt
and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint ...
-
Stem cell tech may help mitochondrial disease
production of genetically matched human embryonic stem cells holds potential for treating mitochondrial disease, because the matching is not precise. Somatic cell nuclear transfer, the method that produced Dolly the sheep, duplicates nuclear DNA from the donor nucleus, but not the mitochondria, which are those of the egg cell receiving the ...
-
Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
Indonesia Feature
-
Indonesia and Singapore: model of inter-dependence?
Indonesia is a regional power in South East Asia, but lacks the development and economic wealth of smaller nations, such as the tiny state of Singapore. Hence, it makes sense for the two countries to cooperate closely with one another as Indonesia has natural resources Singapore needs and Singapore has the financial strength Indonesia needs.
Indonesia is the sleeping giant of South East Asia. With a population of 288 million, a land mass the size of Mexico and territorial waters that could fill half of China, it’s an immense country and a regional power within the geopolitical organization known as ASEAN (the Association of South East Asian Nations). Indonesia takes up almost half the area occupied by the ASEAN countries and accounts for one third of its GDP. Read more
News from around our Network
