BUSINESS

London Puts an Eye on Business

Back in the nineteenth century, Benjamin Disraeli, once the UK Prime Minister, said: "London is a modern Babylon." Time passed, yet the Prime Minister's allegation is still up to date. Once you visit London, you will not only feel that it is full of tourists from all around the globe as it is full of historic and cultural heritage but you will inhale the air sated with the international business and unlimited possibilities.

BP & Partners are to Invest $500m in North Sea’s Clair Field

On the 28th of March, it was made public that an oil consortium led by BP Plc would plow as much as $500 million in an appraisal drilling project in the Clair field near Shetlands Islands. The investment is expected to bring many benefits to North Sea oil sector.

Japan Witnesses Contraction in Factory Output in February

Official data showed that Japan witnessed a surprising contraction in factory output in February. The released figures highlighted a huge task ahead of the new government of the world's third economy. The government will have to work by the sweat of its own brow to get out of economic stagnation and deflation.
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Australian Stock Market Report – Afternoon 3-28-13

Local stocks fell back into the red today, as concerns about Cyprus once again affected global sentiment. Banks in Cyprus will re-open tonight for the first time since the controversial bank bailout was floated, with investors concerned there could be a run on bank deposits.

Australian Stock Market Report – Midday 3-28-13

Uncertainties about Europe have again reared their head, rattling European and US blue chip stocks overnight. Locally, the Australian share market fell quite hard on open but is currently down around 0.3% at lunchtime in the East.

Australian Cash Holdings Down, Equities Holdings Up

Cash holdings of Australian investors have continued to decline, dropping to the lowest level since the inception of the bimonthly Australian Investor Sentiment Survey from the Australian Investors' Association (AIA) and FNArena in January 2011.

World Bank Willing to Work with its Challenger Development Bank from BRICS

The World Bank on Tuesday said that it was ready to support the new development bank being established by Brazil, Russia, India, China and South Africa (BRICS), in a statement just hours after the groups of emerging nations reached a deal to challenge nearly seven decades of World Bank dominance.

Australian Stock Market Report – Afternoon 3-27-13

The local market steadily improved throughout the session to end around its highest level of the day. The All Ordinaries Index (XAO) jumped by 0.9 per cent, which has completely made up for yesterday's tumble.

Australian Stock Market Report – Midday 3-27-13

Early trade on Wednesday has seen an improved tone compared to recent days. Investors have chosen to focus on the improved economic readings from the US in the last 24 hours rather than lingering European concerns. In Europe overnight there were modest gains for core markets (France, Germany, and UK etc.). Although financial stocks dragged the Spanish and Italian markets lower. In the aftermath of the Cypriot bailout, investors continue to reflect on the possibility that depositors could abandon...

Capital Controls Are Coming to America

'Can you by legislation add one farthing to the wealth of the country?' Richard Cobden asked the House of Commons on 27 February 1846.

T-Mobile Ditches 2-Year Mobile Phone Contracts to Regain Back Lost Buyers

T-Mobile, the fourth largest cellular network in the U.S., is attempting to change the rules of the game in the telecom industry by ditching the two-year mobile phone contracts. The company introduced on Tuesday a different pricing structure in a bid to regain 500,000 postpaid customers it had lost.

The Overnight Report: Buy It Anyway

By Greg PeelThe Dow rose 111 points, or 0.8%, while the S&P gained 0.8% to 1563 (2 points shy) and the Nasdaq added 0.

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