BUSINESS

UK Urged to Develop Plan B in Case of New Nuclear Project Delays

It seems that the UK government is in need of working out an alternative energy "plan B" provided that new nuclear power plants are not constructed by 2013, according to the Energy and Climate Change Committee. It was underlined in a statement that a failure to build them in 10 years would make it undeniably hard to meet goals, including reduction of carbon emissions.

Australian Stock Market Report – Morning 3/5/2013

China´s Shanghai Composite share index slumped by 3.7pct on Monday in response to Friday´s decision by state authorities to tighten restrictions on housing finance. China´s CSI300 index lost 4.6pct, the biggest drop since November 2010. Hong Kong´s Hang Seng index fell by 1.5pct.

IAG Records Alarming Loss

On the 28th of February, International Airlines Group informed that it reported a net loss worth €943 million after battling through restructuring charges from its Spanish division Iberia. In addition, the company is planning to downsize its workforce by 3,800 people at its Iberia division in order to reduce costs.
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Bernanke-Savant Syndrome

Stocks are on the rise. Gold is on the rise. Bitcoin is on the rise. Everything is up...up...and, away!

Windows 9 is Coming in 2014

In October 2012, Windows 8 made a grand entrance during its release, and gadgets running the operating system popped up everywhere from notebook computer, tablets, and packed All-in-One computing devices. But there is a successor already under development in the labs of Microsoft - the Windows 9

HTC One Release Date March 15, 'Best Mobile Device' at MWC [VIDEO]

HTC One release date will fall on March 15, according to reports anticipating the arrival of the latest HTC flagship smartphone. 'One' is expected to go on sale at AT&T, Sprint and T-Mobile customers in the U.S. by mid-March. Reports suggest a one-calendar-date international release in several other countries.

Australian Stock Market Report – Midday 3/4/2013

Aussie market hit by weak metals and dividend payments. US markets were hit by lacklustre trading as investors waited to see what would happen to the planned spending cuts in the US. By the close Wall Street closed slightly higher boosted by better than expected economic data and end of week buying. European Market hit by falls in key banking stocks and the news Eurozone unemployment had hit 11.9% in January.

Chris Lynch named new CFO at Rio Tinto

On the 28th of February, Rio Tinto Plc informed that Chris Lynch, a former BHP Billiton Ltd. executive, was named its new chief financial officer. Chris Lynch will replace the much-respected and committed employee Guy Elliot who informed about his intention to step down back in July 2012.

There are Two Things in New York, Business and Success

Even though many years have passed since Frank Sinatra's song New York, New York had its debut, its verses are still actual. Certainly, New York can be described with many words but homogenous. The city, which seems to be magical as it lures businessmen, tourists and those who want to just simply live there, is full of opportunities also for business.

Australian Stock Market Report – Morning 3/4/2013

The US ISM manufacturing index rose from 53.1 to a 20-month high of 54.2 in February, ahead of forecasts for a result near 52.5. US construction spending fell 2.1pct in January. Consumer sentiment rose from 76.3 to 77.6 in February. US vehicle sales rose from 15.23 million to 15.38m in February, above forecasts. US personal income slumped 3.6pct in January (forecast -2.2pct) but consumption rose 0.2pct.

Australian Stock Market Report – Afternoon 3/1/2013

The local share market battled calendar headwinds today stemming from the end of week and the start of a new month. The ASX200 fell 0.35 per cent to 5086; the All Ordinaries index slipped 0.38 per cent to 5100.9 points. A consistent theme for the local market this year has been the willingness of investors to support the market in the face of weakness. This remained the case on Friday. Almost $6 billion shares were traded during the session. There were just over 2 billion transactions, 416 stock...

Australian Stock Market Report – Midday 3/1/2013

The Australian sharemarket is pulling back for the second time this week, with the All Ordinaries Index (XAO) down 0.4 per cent or 18.4 pts to 5102.0. The market has been losing ground for much of the morning ahead of two important economic reports out of China. The official government report out at 12pm (AEDT) was worse than expected and came in at 50.1. This is a sign of only modest expansion whereas the market was expecting a reading of 50.5.

2013 Papal Conclave: Search for New Pope Heats Up Stakes in Online Betting (PHOTOS)

Now that Joseph Aloisius Ratzinger has formally relinquished his papal duties as the 265th pope, all focus is now on who will emerge the 266th pope of the Roman Catholic Church. The anticipation is not only felt by believers of the faith but also by punters who aim to earn cash as the stakes go higher and higher at online betting forums.

China's Dire Need To Urbanise

By Andrew NelsonIf China ever had an economic golden age, it was the 2000s. The poor moved to the cities, the cities sprung up like grass, the infrastructure reached many that were left in the hinterlands, millions were lifted out of virtual serfdom and per-capita GDP just about quadrupled.

A Bout Of Indigestion

By Peter Switzer, Switzer Super ReportWas Friday's market comeback of 38 points, after the 2.3% loss on Thursday, one of those sucker's rallies? Are we ripe for a pullback and is the US expert Dennis Gartman right when he tips a 7% slump in stocks is on the cards?Right now I am as popular ...

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