Wealthy clients across Europe could withdraw "hundreds of billions of francs" from their Swiss banking accounts over the next few years.
Indonesia could soon surpass Germany and the United Kingdom to become the world's seventh largest economy, generating $1.8 trillion in annual gross domestic product, according to a recent report by McKinsey and Co.
By Greg PeelThe Dow closed up 11 points, or 0.1%, while the S&P fell 0.1% to 1459 and the Nasdaq was flat.
- FMG announces very positive re-fi- Plenty of breathing space the result- Brokers upgrade ratings- Stock now even more highly leveragedBy Greg PeelAs at yesterday the spot iron ore price was trading around US$109/t which would have allowed Andrew "Twiggy" Forrest the chance to sleep a little better...
Following a weaker start to the day, the Australian sharemarket managed to gradually improve as the day progressed to end 0.1 pct or 4 pts higher to 4417.8. The miners, energy players and financials all lost ground today after leading the broader market higher yesterday.
According to the head of the Canadian Auto Workers, the union will focus on reaching an agreement with Ford Motor Co. as talks continue with all of Detroit's Big Three car makers with a strike deadline coming closer Monday night.
Citibank is currently disputing numerous claims which indicate that the bank took part in a fraud to get former partners Dewey and LeBoeuf to sign up for a loan course that financed their capital in the unsuccessful law company, in spite of understanding the critical economic circumstance being faced by Dewey.
It's been labeled as one of the primary reasons why job growth in the U.S. continues to lag, but apparently no one at the White House is listening.
In announcing QE3, Ben Bernanke's words betrayed not the slightest doubt that this is the right thing. More Fed bond purchases, combined with three more years of zero interest rates, he said, will quicken economic growth and cause unemployment to fall. And the punditry class all nodded in unison.
The Dow was up a paltry 53 points on Friday. Gold was flat.
Local stocks have retreated today, as the euphoric effects of the US Federal Reserve's latest efforts to stimulate the global economy start to wear off. Overnight US and European markets eased, while oil and gold prices also fell. In the early session, the All Ordinaries Index (XAO) is down 9.8pts or 0.2pct to 4412.
A new malware has been unleashed to hostage or pilfer data from computer systems running on Windows, Microsoft said on Monday.
Good news for Yahoo! employees as they get to take home a new smartphone courtesy of the company.
By Kathleen Brooks, Research Director UK EMEA, FOREX.comThe markets are trading with a risk off tone at the start of the week.
The automotive industry changes constantly. In Australia, the cost of raw materials and fuel is volatile, regulations are tighter and competition is greater. As a result, innovation is encouraged.
A study by the Australian Council of Superannuation Investors (ACSI) released on Tuesday identified the top 10 high-paid chief executives in the country. Number one on the list is BHP Billiton Chief Executive Marius Kloppers who earned $11.8 million in 2011 in wages alone.
FNArena has added another video to its Investors Education section on the website. This week ATW's Jerry Simmons looks at US stock indices, currencies, gold, oil and gas.
Victorian Premier Ted Baillieu is on an aggressive campaign to court foreign investments, particularly Chinese, through an ongoing week-long trade mission to the Asian economic giant.
The Pakistani government ordered on Monday the culling of 21,000 sheep from Australia after the animals were tested positive for salmonella bacteria and actinomyces, and declared unfit for human consumption.
A modeling released Monday by the Minerals Council of Australia warned of a 5 per cent contraction in the country's economy due to the cost crisis that threatens to halt mining mega projects. To counter the threat, the council pushed the federal government to commit to controversial policies to bring back its competitiveness.
By Greg PeelThe Dow fell 40 points, or 0.3%, while the S&P lost 0.3% to 1461 and the Nasdaq slipped 0.
The euphoria surrounding the US Federal Reserve's latest efforts to stimulate the global economy continued to impress local investors today. US and European markets rallied on Friday, with the Dow Jones Index and S&P 500 both hitting highs not seen since December 2007. Japanese markets were closed today for a public holiday, while China's Shanghai Composite Index fell into the red. By close, the All Ordinaries Index (XAO) edged higher by 11.6pts or 0.3pct to 4421.8, its highest level since...
While Australians prefer home-grown food over imported ones, the case is not true for furniture, health and beauty items, clothes, hardware and household appliances which Aussies prefer to buy imported ones due to lower cost and better value.
The infamous Winklevoss twins, Tyler and Cameron, are now engaged into the social networking business following their legal battles with Facebook co-founder Mark Zuckerberg, leaving the two $US65 million richer.
he Australian market opened a little weaker than expected today The All Ordinaries Index (XAO) rose by 10 points but by lunchtime it had lost a bit of ground and was only up 8 points to 4,418 points.
PepsiCo Inc. informed on Tuesday that its president, John Compton, resigned from the post to run a large privately held company in the state of Tennessee, Pilot Flying J Oil Corp. John Compton's resignation comes as a surprise after less than a year on the job. Zein Abdalla has been appointed John Compton's successor.
Microsoft’s upcoming Surface tablets will directly challenge iPad’s dominance, according to company chief executive Steve Ballmer, stressing too that the device and Windows 8 will lead to “epic year for Microsoft.”
One of the longest-running myths in financial markets is going to damage a lot of portfolios: the myth that central bank money printing - in the context of a modern banking system - hikes the value of stocks.
There's a movie about a zombie apocalypse where fireworks are used to distract the zombies. While their yellow eyes are peeled to the sky, scroungers go looking for food outside the safety of the walls. The violent zombies are so absorbed by the fireworks they let people walk right past them. Think of it as stimulus.
Australia's leading residential builders and developers have jumped on board a new web-based house and land matching service houseandland.com.au
