Sunday, February 27, 2011

Business News - 27 February 2011

  • What Your Gym Behavior Says About You
    Sun, 27 Feb 2011 05:25:56 -0800
  • Saudi Stocks Slump to 9-Month Low on Libya, Lead Mideast Decline
    Sun, 27 Feb 2011 05:18:01 -0800
    Saudi Arabia’s benchmark stock index plunged to a nine-month low, leading a drop in Middle East markets, on concern clashes in Libya that caused oil prices to surge to a more than two-year high will stall a global recovery.
  • BlueScope Calls Australia Carbon Tax Plan ‘Economic Vandalism’
    Sun, 27 Feb 2011 05:17:22 -0800
    BlueScope Steel Ltd., Australia’s biggest steelmaker, said the government’s planned carbon tax will reduce its competiveness as it battles high raw-material costs and the stronger Australian dollar.
  • Markets: Confidence To be Tested Again After Last Week's Fall
    Sun, 27 Feb 2011 05:14:05 -0800
    It's not going to get any easier for global markets in the coming week.Global sharemarkets might have had the roughest week of the year so far last week, thanks to the unrest in Libya and other Middle Eastern countries.This week however they not only have to contend with the deepening crisis in Libya and the impact that will have on oil pries and investor sentiment, but there are a couple of .
  • Commodities: Oil and Gold Still Strong, But Corn, Wheat and Others Jump
    Sun, 27 Feb 2011 05:14:05 -0800
    Oil prices ended higher but off their peaks on Friday after Saudi Arabia let it be known that it had raised production by around 8% to
  • Earnings: Dec 31 A Bit Better than Thought
    Sun, 27 Feb 2011 05:14:05 -0800
    The Australian December half earnings reporting season finished today with several large groups reporting interim of full year results See the Diary).But the real story will again be the flood of poor reports, mostly from small miners, that will be released in their hundreds during the day and into this evening.Failure to release reports could see the company involved suspended by the ASX.QR Natio.
  • Results: Behind The Story At Woolies And Harvey Norman
    Sun, 27 Feb 2011 05:14:04 -0800
    The interim results from Woolworths and Harvey Norman
  • DIARY: Local Rates, Growth, US Jobs, Oil, Ireland
    Sun, 27 Feb 2011 05:14:04 -0800
    The economy dominates Australia this week, with the Reserve Bank board meeting tomorrow, the fourth quarter economic growth figures out on Wednesday, after the current account figures and other data today and tomorrow.In the US there's some important economic data, with the February jobs figures on Friday night, our time, dominating.The events in the Middle East will be watched closely for si.
  • Bonds Collide With Stevens as Rate Bets Rise: Australia Credit
    Sun, 27 Feb 2011 05:07:38 -0800
    The Reserve Bank of Australia is showing no signs of raising interest rates at a time when fixed- income markets are signaling the biggest increase in inflation expectations in more than a year.
  • Irish Fine Gael, Labour May Form Coalition in Power Shift
    Sun, 27 Feb 2011 03:15:09 -0800
    Ireland’s two largest opposition parties may form a coalition government after the collapse of the banking system and an international bailout handed Fianna Fail a record election defeat.
  • VIDEO: Egypt counts the cost of unrest
    Sun, 27 Feb 2011 03:11:39 -0800
    As Egypt gets back to work, it is counting the cost of the unrest. Ben Thompson asks if the economy can move forward?
  • Warning on early pensions access
    Sun, 27 Feb 2011 03:06:02 -0800
    The National Association of Pension Funds says letting people dip into their pension pots could leave them reliant on the state in retirement.
  • UN Security Council Imposes Sanctions Against Libya’s Qaddafi
    Sun, 27 Feb 2011 02:56:01 -0800
    The United Nations Security Council voted 15-0 to freeze the foreign assets of Libya’s Muammar Qaddafi and four aides and to bar them from traveling, in the broadest international effort to halt his regime’s attacks on protesters.
  • China Lowers Growth Target as Wen Calls for Sustainability
    Sun, 27 Feb 2011 02:19:01 -0800
    Chinese Premier Wen Jiabao said the nation set a lower growth target for the period from 2011 through 2015 than in the previous five years as part of efforts to create a more sustainable economy.
  • Irish Fine Gael, Labour May Form Coalition in Power Shift
    Sun, 27 Feb 2011 02:17:01 -0800
    Ireland’s two largest opposition parties may form a coalition government after the collapse of the banking system and an international bailout handed Fianna Fail a record election defeat.
  • A1 Grand Prix race firm faces fraud inquiry
    Sun, 27 Feb 2011 02:11:34 -0800
    The Serious Fraud Office has started looking into companies behind the A1 Grand Prix Series - the collapsed rival to Formula One - whose creditors still claim to be owed more than £400m.

  • China lowers growth rate target
    Sun, 27 Feb 2011 01:35:45 -0800
    Chinese Prime Minister Wen Jiabao says China is lowering its annual economic growth target and is determined to contain inflation, as discontent grows over price rises.
  • VIDEO: India Budget: A tale of two families
    Sun, 27 Feb 2011 01:26:18 -0800
    Two very different Indian families tell Nidhi Dutt what they hope to gain from the new Indian budget.
  • China's Wen puts social stability at heart of economy
    Sun, 27 Feb 2011 00:47:54 -0800
    BEIJING (Reuters) - Fighting inflation is a priority for China and the government must ward off threats to social stability stemming from rapid price increases and pressure to raise the value of the...

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