Sunday, July 11, 2010

Business - 11 July 2010

  • China: Imports Of Iron Ore, Copper Fall In June
    Sun, 11 Jul 2010 16:16:11 -0700
    The iron ore boom powered by China is rapidly going cold, holding out the prospect that if this trend continues, Austral...
  • China: Exports Jump, Again
    Sun, 11 Jul 2010 16:15:32 -0700
    China's trade surplus jumped sharply in June, a development that will get all the American loudmouths yapping again abou...
  • Markets: A Confidence Surge?
    Sun, 11 Jul 2010 16:14:54 -0700
    Global stocks rose on Friday, recording their best week in nearly a year, as risk aversion eased.It was a reversal of th...
  • Commodities: Copper To Take Hit From China Slump?
    Sun, 11 Jul 2010 16:14:14 -0700
    Commodity prices may have had a good run last week, but that improved tone may not last with news that China's imports o...
  • DIARY: Chinese, Singapore Growth, US Earnings, Inflation
    Sun, 11 Jul 2010 16:12:11 -0700
    Growth in Asia will dominate the coming week, with China and Singapore revealing second quarter growth estimates.China r...
  • Why Andy Grove Is Wrong About Job Growth
    Sun, 11 Jul 2010 09:24:39 -0700
    Reigniting job creation in the U.S. won't happen by becoming more like China and India
  • Gulf Business Owners on the Brink
    Sun, 11 Jul 2010 09:24:39 -0700
  • BP Oil Spill Timeline
    Sun, 11 Jul 2010 09:24:39 -0700
  • Cutting the defense budget
    Sun, 11 Jul 2010 09:17:00 -0700
    It was once sacrosanct. But no more.
  • Axelrod Says U.S. Economy Stable, Rejects Anti-Business Label
    Sun, 11 Jul 2010 09:07:11 -0700
    White House adviser David Axelrod rejected criticism that the Obama administration is over- regulating and anti-business, asserting that the U.S. financial system “is now stable, instead of collapsing.”
  • China Forex Reserves Increase at Slowest Pace in 11 Years
    Sun, 11 Jul 2010 09:06:00 -0700
    China’s foreign-exchange reserves, the world’s largest, rose at the slowest pace in 11 years in the second quarter as expectations for a yuan appreciation diminished and the European sovereign debt crisis saw capital move out of emerging markets.
  • Netanyahu to Seek Mubarak’s Help With Mideast Talks
    Sun, 11 Jul 2010 08:37:00 -0700
    Israeli Prime Minister Benjamin Netanyahu said he will seek Egyptian President Hosni Mubarak’s help to arrange direct peace talks with Palestinian leaders, who are hesitating to meet face-to-face with him.
  • Mick on Money
    Sun, 11 Jul 2010 08:36:45 -0700
    Did Jagger get lucky when it came to making cash?
  • How Twitter plans to make money
    Sun, 11 Jul 2010 08:35:02 -0700
    In March 2006, Jack Dorsey wrote the first tweet ever: "Just setting up my twttr." Inspired by the pithy status updates in the ambulance and taxicab dispatch software he once programmed, Dorsey translated that software model into a real-time stream where more than 190 million users now relay their thoughts in 140 text characters or less.
  • 3D could be mainstream in homes in two years
    Sun, 11 Jul 2010 08:30:27 -0700
    LONDON (Reuters) - Watching television in three dimensions at home could become mainstream in as little as two years as prices for 3D TV sets drop and events like the soccer World Cup raise awareness of the technology.
  • Patent troll sues tech giants
    Sun, 11 Jul 2010 08:27:56 -0700
    NTP Inc., a patent holding company that shook up the tech world in several years ago by extracting a pricey legal settlement from BlackBerry maker Research in Motion, announced Friday it had launched a fresh barrage of patent infringement lawsuits against the tech world's leading lights.
  • Kan Election Loss May Impede Legislation on Cutting Japan Debt
    Sun, 11 Jul 2010 08:26:05 -0700
    Japan’s Prime Minister Naoto Kan lost control of parliament’s upper house, undermining legislative efforts to cut the world’s largest public debt and creating the possibility of a third leadership change in a year.
  • Arizona Lawsuit by U.S. Isn’t Political, Holder Says
    Sun, 11 Jul 2010 08:26:04 -0700
    Politics wasn’t behind the U.S. government’s decision to sue Arizona to block the state’s new law aimed at reducing illegal immigration, U.S. Attorney General Eric Holder said.
  • Cash cow
    Sun, 11 Jul 2010 08:24:33 -0700
    Behind the scenes at Boeing and its lucrative 737
  • Stocks, at crossroads, turn to earnings
    Sun, 11 Jul 2010 08:23:46 -0700
    NEW YORK (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning this week could give an edge to the bulls.

  • Know-Nothings’ Ghosts Haunt Immigration Debate: Albert R. Hunt
    Sun, 11 Jul 2010 08:16:13 -0700
    In an America full of irresolution, one certainty: The immigration situation will be worse a year from now.
  • Lifeline for jobless hangs in balance
    Sun, 11 Jul 2010 08:06:24 -0700
    Lawmakers come back to work Monday facing a tough decision: Whether it's more important to spend money to keep the economic recovery going or to watch their pennies.
  • BP in talks with Apache on Prudhoe Bay assets: report
    Sun, 11 Jul 2010 07:22:30 -0700
    LONDON (Reuters) - BP Plc is in talks to sell up to $12 billion of assets, including a stake in Alaska's Prudhoe Bay, to Apache Corp to help pay for its Gulf of Mexico oil spill, The Sunday Times reported.

  • Dubai World to meet creditors July 22: sources
    Sun, 11 Jul 2010 06:47:10 -0700
    DUBAI (Reuters) - Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its multi-billion dollar debt restructuring, the first session to include all lenders since December 2009.

  • Businesses step up criticism of Obama's agenda
    Sun, 11 Jul 2010 05:56:50 -0700
    WASHINGTON (Reuters) - Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.

  • Stress test included haircut on German debt: report
    Sun, 11 Jul 2010 05:41:53 -0700
    FRANKFURT (Reuters) - Europe's banking stress test included a haircut on German sovereign debt under certain conditions in its worst scenario, a German magazine reported.

  • Obscure book by British adviser becomes cult hit after Warren Buffett tip
    Sun, 11 Jul 2010 05:05:45 -0700
    An obscure book about the collapse of the German economy in the 1920s has become cult reading among leading financiers, after a tip from billionaire investor Warren Buffett.
  • Dubai World to meet creditors July 22 - sources
    Sun, 11 Jul 2010 03:50:27 -0700
    DUBAI (Reuters) - Troubled state conglomerate Dubai World has invited creditors to a July 22 meeting to offer details on its proposed debt restructuring, the first such session to include all lenders since December last year.
  • China to lift rate cap on life insurance products
    Sun, 11 Jul 2010 03:30:27 -0700
    BEIJING (Reuters) - The China Insurance Regulatory Commission (CIRC) plans to let insurance companies decide the assumed interest rate on conventional life insurance policies.
  • Euro treaty needs updating, says ECB's Bini Smaghi
    Sun, 11 Jul 2010 03:00:27 -0700
    MILAN (Reuters) - The euro currency treaty needs updating to take account of the financial crisis, European Central Bank (ECB) Executive Board member Lorenzo Bini Smaghi said in an interview on Sunday.
  • Sensex cos may clock over 22% growth
    Sun, 11 Jul 2010 02:32:53 -0700
    The robust numbers reported in the March quarter are likely to be repeated in the first quarter of this fiscal, and brokerages expect the Sensex companies to clock an annual growth of over 22 percent in the current earnings season beginning this week. The adjusted earnings of the Sensex companies are expected to grow by a strong 22.5 percent y-o-y in the Q1. The Sensex earnings (ex-oil firms) are estimated to grow by 25.8 percent y-o-y, brokerage Sharekhan said in its earning note. Analysts say growth in the earnings of the Sensex firms would mainly
  • Textile ministry to seek more funds for TUFS
    Sun, 11 Jul 2010 02:32:41 -0700
    After suspending the textile modernisation subsidy scheme for want of funds, the textiles ministry will soon approach the Cabinet Committee on Economic Affairs (CCEA) seeking additional resources for it. The government had last month asked banks to suspend new sanctions under the technology upgradation fund scheme (TUFS) till new fund allocation is approved by the CCEA. The scheme has been kept under suspension as Rs 8,000 crore subsidy earmarked under the 11th Plan has already been disbursed. We want it (TUFS) to be expanded. We will be going
  • 3G services will not come cheap: Mittal
    Sun, 11 Jul 2010 02:31:22 -0700
    Market leader Bharti Airtel cautioned that 3G mobile services will not come cheap, especially for subscribers in metros, as service providers had to pay dearly for spectrum. Take the example of Delhi itself, or Mumbai. The amount for spectrum that has been charged is close to Rs 3,500 crore each... Just to recover license fees and input cost, it works out to be Rs 700-900 per month, Bharti Group Chairman Sunil Mittal said. Amid highly aggressive bidding for 3G spectrum, Bharti Airtel won 13 circles, including Delhi and Mumbai, paying Rs 12,295.
  • Govt may not allow export of sugar till Diwali
    Sun, 11 Jul 2010 02:30:06 -0700
    Sugar mills may have to wait till Diwali in November to fulfill their export obligation of nearly 10 lakh tonnes as the Food Ministry is reluctant to permit shipments fearing price rise during the festive season. Mills had imported 20.75 lakh tonnes of sugar in 2004-05 crop year (October-September) under the Advance Licence Scheme (ALS) as there was a shortfall in production then. Mills are required to export an equal quantity by March 2011. Out of total imported sugar, export obligation of 9.67 lakh tonnes is yet to be fulfilled. Mills cannot
  • China credit, money, FX reserves growth slows
    Sat, 10 Jul 2010 23:30:27 -0700
    BEIJING (Reuters) - The pace of money and credit growth in China slowed markedly in June as the central bank steered its anti-crisis monetary policy back to normal, while the country's official currency reserves barely grew last quarter.
  • China shrugs off global fears with export strength
    Sat, 10 Jul 2010 22:30:27 -0700
    BEIJING (Reuters) - China's trade surplus in June topped expectations on surprising strength in exports that suggests the global economic recovery has remained on track despite worries about a fresh slowdown.
  • The flip-flop in Indian hedge fund story
    Sat, 10 Jul 2010 22:11:39 -0700
    In 2008 the assets under management in Indian hedge funds declined by more than 70 percent - with dismal returns of -50 percent.
  • Known unknowns take shine off Ocado float
    Sat, 10 Jul 2010 16:00:15 -0700
  • Tax Informant Wins Ruling In Dillon Fortune Case
    Sat, 10 Jul 2010 16:00:00 -0700
    The opinion could help pry open secrets of Wall Street financier Clarence Dillon's wealth.
  • M&S's Dutch boss on the horns of a dilemma
    Sat, 10 Jul 2010 15:57:16 -0700
    Some people just can't resist the call of the vuvuzela. Like sailors being lured on to the rocks by the call of the Sirens, UK bosses have been answering the call of the cone by jetting out to South Africa in search of sport.
  • Net Impact Of LeBron's Decision On Team Values
    Sat, 10 Jul 2010 15:11:47 -0700
    Small market owners should not tie their franchise to one superstar.
  • Most Popular Aviation Articles On Wheels Up
    Sat, 10 Jul 2010 14:55:18 -0700
    The 10 most-popular posts on Wheels Up in the first month covered everything from flying cars to the
  • Budd plan for OBR 'triple lock'
    Sat, 10 Jul 2010 14:48:50 -0700
    The chairman of the Office for Budget Responsibility (OBR) is to lay out a blueprint to make the watchdog more independent after its figures on the UK economy were accused of being too pro-Government.
  • Kent Reliance in talks with JC Flowers
    Sat, 10 Jul 2010 14:19:30 -0700
    One of Britain's oldest building societies is in advanced talks with an American financial investor about a multi-million-pound injection of capital.
  • The Celebrity Referee
    Sat, 10 Jul 2010 14:11:57 -0700
    The man in the middle at the World Cup final tomorrow, Howard Webb, is very much a down-to-earth En

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