Sunday, August 1, 2010

Business - 01 August 2010

  • Countries with the Biggest 'Shadow Economies'
    Sun, 01 Aug 2010 06:46:27 -0700
  • Bonds Look Mighty Bubbly
    Sun, 01 Aug 2010 06:31:53 -0700
    Given the history of sentiment being at extremes of bullishness at tops in any market, from Beanie B
  • IPO VIEW - NXP IPO valuation may be too rich-analyst
    Sun, 01 Aug 2010 06:30:36 -0700
    NEW YORK (Reuters) - Private equity owners may be asking too much for the shares of chipmaker NXP Semiconductors NV .
  • Thai Airways, Tiger to form new low-cost airline
    Sun, 01 Aug 2010 06:30:26 -0700
    BANGKOK (Reuters) - Flag carrier Thai Airways International Pcl said on Sunday it plans to form a new low-fare airline with Singapore's Tiger Airways Holdings Ltd, adding to Asia's crowded budget airline market.
  • Japan: Land of the Rising Debt
    Sun, 01 Aug 2010 06:29:02 -0700
    The Japanese economy operates on the assumption, soon to be proved false, that the government will a
  • United Arab Emirates to cut BlackBerry service
    Sun, 01 Aug 2010 06:25:41 -0700
    The United Arab Emirates will suspend some BlackBerry services starting October 11 over security concerns.
  • Jobcentres 'to ban stripper ads'
    Sun, 01 Aug 2010 06:24:20 -0700
    A ban on using jobcentres to advertise for strippers and lapdancers is expected to be announced this week.
  • Greenspan Says Drop in Home Prices Might Bring Back Recession
    Sun, 01 Aug 2010 06:16:10 -0700
    Former Federal Reserve Chairman Alan Greenspan said the slowing economic recovery in the U.S. feels like a “quasi-recession’’ and that the economy might fall back into a recession if home prices decline.
  • Fluctuation in prices hit Gold business
    Sun, 01 Aug 2010 06:15:00 -0700
    Fluctuation and inflation in prices has badly hit the gold business in Rajkot city of Gujarat.
  • Mullen Says Leaked Documents Don’t Depict Current Afghan War
    Sun, 01 Aug 2010 06:08:11 -0700
    Leaked documents on the nine-year-old U.S. war in Afghanistan don’t reflect recent gains and an improved strategy, the chairman of the U.S. Joint Chiefs of Staff said.
  • Google's next big thing
    Sun, 01 Aug 2010 06:00:41 -0700
  • What do razors and cars have in common?
    Sun, 01 Aug 2010 05:59:01 -0700
  • Microsoft iPad killer? Coming 'soon'
    Sun, 01 Aug 2010 05:56:35 -0700
    Microsoft Chief Executive Steve Ballmer said Thursday that the software giant is urgently working with its partners to unveil a host of tablet computers running Windows 7, to compete with Apple's fast-selling iPad.
  • Bulls brace for earnings hangover
    Sun, 01 Aug 2010 05:55:36 -0700
    After a big rally in July, investors could be in for another bout of economic jitters this week as the focus shifts from earnings to the weak job market.
  • UK's Osborne urges banks to lend, restrain bonuses
    Sun, 01 Aug 2010 05:29:26 -0700
    LONDON (Reuters) - British finance minister George Osborne urged the country's banks in a newspaper interview to use strong first-half profits to boost business lending rather than pay large bonuses.

  • China auto parts in M&A drive to move up value chain
    Sun, 01 Aug 2010 05:20:27 -0700
    HONG KONG (Reuters) - Chinese auto parts makers are moving into the overseas M&A fast lane, eyeing a distressed global market to close a technology gap with world leaders to meet sizzling demand at home and eventually sell overseas.
  • Netanyahu Says Direct Peace Talks May Restart Soon
    Sun, 01 Aug 2010 05:10:00 -0700
    Israeli Prime Minister Benjamin Netanyahu said his recent consultations with U.S., European and Arab leaders may soon pave the way for direct peace negotiations with the Palestinian Authority.
  • Egypt Gains for an Eighth Day on Economy; Abu Dhabi Shares Drop
    Sun, 01 Aug 2010 04:33:00 -0700
    Egypt’s benchmark stock index rose for an eighth day, leading an advance in Middle Eastern markets, as accelerating economic growth and gains in global markets boosted investor sentiment. Abu Dhabi shares declined.
  • Russia Faces Wildfires, High Winds as 500 Square Miles Burn
    Sun, 01 Aug 2010 04:24:11 -0700
    Russia is experiencing intensifying wildfires amid a heat wave and strong winds, the country’s Emergency Situations Ministry said.
  • HMRC allows late tax credit calls
    Sun, 01 Aug 2010 03:47:57 -0700
    People who missed Saturday's deadline to renew their tax credits because a helpline was busy are told to try phoning again on Sunday or Monday.
  • IMF split in China yuan exchange rate debate
    Sun, 01 Aug 2010 03:40:26 -0700
    BEIJING/WASHINGTON (Reuters) - The IMF has softened its criticism of China's currency regime in recognition of Beijing's efforts to free up its exchange rate but the move showed a split among the Fund's member countries.
  • U.A.E. to Suspend BlackBerry Services Citing Security
    Sun, 01 Aug 2010 03:30:00 -0700
    Research In Motion Ltd.’s BlackBerry services will be suspended in the United Arab Emirates, the Middle East’s business hub, from October because of security concerns as the company faces similar restrictions in India.
  • UAE to suspend Blackberry service on security fears
    Sun, 01 Aug 2010 03:27:24 -0700
    DUBAI (Reuters) - Blackberry maker Research In Motion (RIM) was hit with its first major ban on Sunday after the United Arab Emirates, citing security risks, said Blackberry services would be barred in October.

  • China manufacturing output slows
    Sun, 01 Aug 2010 02:58:45 -0700
    Chinese manufacturing output grew at its slowest rate for 17 months in July, as the government continues efforts to rein in rapid economic growth.
  • Bharti Airtel unit gets new CEO
    Sun, 01 Aug 2010 02:40:28 -0700
    MUMBAI (Reuters) - Bharti Infratel, a unit of India's top mobile operator Bharti Airtel , on Sunday said it had appointed Devender Singh Rawat as its chief executive officer.
  • FX intervention may be a losing game
    Sun, 01 Aug 2010 01:10:28 -0700
    LONDON (Reuters) - The adverse effects of currency intervention, as a recent foray by the Swiss National Bank (SNB) shows, may deter governments in major economies from entering into an increasingly losing game.
  • Emerging market capital curbs may be just the ticket
    Sun, 01 Aug 2010 00:20:26 -0700
    LONDON (Reuters) - Investors are buying more long-dated bonds and overseas-listed shares in key emerging markets, suggesting capital controls set up in these countries may be helping curb volatile portfolio flows and currency swings.
  • BSNL posts $393 mln loss in FY10
    Sat, 31 Jul 2010 23:40:40 -0700
    MUMBAI (Reuters) - Indian state-run telecoms firm Bharat Sanchar Nigam Ltd[BSNL.UL] posted net loss of 18.23 billion rupees ($393 million) for fiscal year 2009/10, the company said.
  • POLL - Equity funds plan to raise stock bets
    Sat, 31 Jul 2010 23:40:28 -0700
    MUMBAI (Reuters) - Equity fund managers plan to raise exposure to equities and may favour engineering and construction stocks over the next three months, a Reuters poll showed.
  • Second senior US Democrat may face ethics trial
    Sat, 31 Jul 2010 22:40:26 -0700
    WASHINGTON (Reuters) - A second senior U.S Democratic lawmaker may face a public ethics trial this fall, adding a new threat to their party's efforts to keep control of the House of Representatives in the November elections.
  • Asians more likely to buy gold in next 6 months
    Sat, 31 Jul 2010 17:23:11 -0700
    Asian investors are more likely to buy gold in the next six months than their North American and European counterparts, a global survey found.
  • Housing market to stay flat until 2013
    Sat, 31 Jul 2010 15:58:52 -0700
    The UK will see sluggish house price growth over the coming years according to the Centre for Economics and Business Research, as the Bank of England's Monetary Policy Committee prepares to leave interest rates on hold this week.
  • Despite FCC "Scare Tactics," Researcher Demos AT&T Eavesdropping
    Sat, 31 Jul 2010 14:35:18 -0700
    Chris Paget's cheap new method for eavesdropping is designed to show that the GSM cell phone protoco
  • Little has been learned from the 'dark period', says writer of book on sub-prime crisis
    Sat, 31 Jul 2010 14:28:43 -0700
    In this exclusive extract from his updated book on the sub-prime crisis, Gregory Zuckerman returns to the key players and finds a widespread belief that not enough has changed.
  • Thermax betting on solar expansion
    Sat, 31 Jul 2010 13:42:28 -0700
    Thermax Ltd, the Rs 3,300 crore power infrastructure company, is betting on the National Solar Mission to emerge as a technology provider and engineering procurement contractor, while also expanding horizons as an energy and environment solution provider in the fossil fuel segment. Meher Pudumjee, chairperson, on the sidelines of a leadership summit organized the CII- Suresh Neotia Centre of Excellence, said that while for capitalizing on the fossil fuel power business it has signed two joint venture agreements with two American companies - SPX
  • Banks not to blame for a lack of borrowers
    Sat, 31 Jul 2010 13:42:16 -0700
    As part of its efforts to show that it is lending to businesses as much as can be expected, Barclays Bank has put together a series of slides to present to government and investors. The slides have two simple messages: the decline in lending is primarily driven by falling demand and borrowing costs are lower than two years ago.
  • Aviva and L&G profits set to rise as insurance sector fights back from crisis
    Sat, 31 Jul 2010 13:40:16 -0700
    Aviva and Legal & General (L&G) will kick-start the life insurance reporting season this week by announcing a rise in their dividend payments.
  • Plenty of good news, but hold the champers
    Sat, 31 Jul 2010 13:36:23 -0700
    Where's Cerberus when you need him? The mythical canine could look into the past, present and future with his three heads. That's a trick we could all use as we assess the contradictions between the Champagne-popping but backward-looking results season and the gloomier forward-looking surveys and comments stalling markets on both sides of the Atlantic.
  • Cameron swallows the bitter pill as the East casts shadow over Europe
    Sat, 31 Jul 2010 13:32:17 -0700
    Three seemingly unrelated speeches struck a chord with me last week. None of them, to my mind, was anything more than a statement of the obvious. Taken together, though, they provided a stark illustration of the rapid pace at which the global balance of power is shifting and the extent to which the Western world's sub-prime fiasco is accelerating and accentuating that trend.
  • Real estate 'biggest loser in recession'
    Sat, 31 Jul 2010 13:23:36 -0700
    Real estate and the hotel and restaurant industry were among the biggest casualties of the recession, according to research, with experts warning that there could be more pain to come.
  • Fresh bonus fears as bank profits rise
    Sat, 31 Jul 2010 13:20:51 -0700
    The UK's most powerful financial institutions could face a political clampdown through higher taxes and regulation.
  • ITV plans multi-million programme boost
    Sat, 31 Jul 2010 13:15:01 -0700
    Broadcaster seeks to turn around fortunes following years of underperformance.
  • US petrol stations to consider banishing BP from the pumps
    Sat, 31 Jul 2010 12:56:05 -0700
    The owners of BP's 11,300 US petrol stations consider reverting to the traditional American Amoco brand to reverse the company's fortunes.
  • When everything becomes digital, then nothing is
    Sat, 31 Jul 2010 12:50:10 -0700
    As technology reaches saturation point, marketing companies are already looking to the 'post-digital' era. Their evolution will be neither easy nor assured.
  • Employers warned that unpaid internships could 'break law'
    Sat, 31 Jul 2010 12:47:19 -0700
    Twenty-somethings working for free might be a common fixture in politics, media and fashion, but employers are almost certainly breaking the law when they take on unpaid interns because they should be giving them wages if they work, according to a new report.

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