Deutsche Bank CEO Gets Letter With Bomb
A letter that arrived at the Deutsche Bank headquarters in Frankfurt, Germany Wednesday was found to contain an explosive device after it passed through a mail room security X-ray.
Global Markets Overview - 12/09/2011
From Morrison Securities:
U.S. stocks fell in afternoon trading as investor focus shifted from disappointment over the European Central Bank to the closely watched summit on Europe's sovereign-debt crisis. The Dow Jones Industrial Average lost 171 points, or 1.4%, to 12026 in recent action. The Standard & Poor's 500-stock index shed 23 points, or 1.8%, to 1238 and the Nasdaq Composite lost 42 points, or 1.6%, to 2607.
The Overnight Report: Draghi Disappoints
By Greg PeelThe Dow closed down 198 points or 1.6% while the S&P lost 2.1% to 1234 and the Nasdaq fell 2.
10 Rewards for Android Customers
The Android Market has reached 10 billion downloads and still counting as of this past weekend. To celebrate and reward Android customers, Google selected paid apps to be available for only 10 cents each and new set of apps for promotion each day for the next 10 days. Here are some of the applications and a mini review if these apps are at least your effort and time.
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SA Premier in Mt. Gambier as 2,000 Protest Forest Sale
South Australia Premier Jay Weatherill arrived in Mount Gambier Thursday to meet local mayors and protesters opposed to his plan to sell rights to harvest timbers from the area's forests.
Microsoft Lures App Developers with Higher Revenues on Windows Store
More cash awaits app developers who intend to gear their products towards Microsoft's upcoming platform, the Windows 8, which the company said will be deployed to personal computers, tablets and smartphones.
Australia’s Unemployment Rate Goes Up to 5.3%
Australia's unemployment rate rose to 5.3 per cent in November, according to data released on Thursday by the Australian Bureau of Statistics.
Bill Gates Reveals Partnership with China on New Nuclear Reactor
Former Microsoft CEO Bill Gates said on Wednesday that he is in the process of developing of a new generation of nuclear reactors with China, with emphasis on safety, waste reduction and reasonable funding.
BHP Chief Reveals Portfolio Adjustments, Labor Concerns
BHP Billiton Ltd reiterated its concern on growing unrests in the country's labour sector, which according to BHP Chief Executive Marius Kloppers have been prompted by the provisions of the Fair Work Act.
The ECB And EU Summit: Two Big Days For Europe
By Kathleen Brooks, Research Director UK EMEA, FOREX.comThere are two major events in the next two days In Europe: the ECB meeting and the EU summit.
The Overnight Report: Waiting Game
By Greg PeelThe Dow closed up 46 points or 0.4% while the S&P gained 0.2% to 1261 and the Nasdaq was flat.
For FNArena Subscribers Only: Get Your Copy
Climate Change?FNArena Editor Rudi Filapek-Vandyck believes we are in the midst of Investment Climate Change.
November Term Prices of Uranium Falls
Term prices of uranium for November month-end closed at $51.50 per pound, a decline of $0.25 from end-October, showing yet again a fading buyer interest as opposed earlier in the month when spot prices reached higher than $4 per pound.
Sony Ericsson’s Best Mobile Features
Sony Ericsson is a joint venture between the Japanese company Sony Corporation and the Swedish telecom company Ericsson to manufacture mobile phones. It used to be the 4th largest mobile manufacturer in the world after Nokia, Samsung, and LG. However, in 2010, its market share fell to sixth place.
Celebrities Suffer Investment Losses, Property Foreclosures
Not even wealth and fame could shield them from the financial crisis gripping homeowners in the United States. Celebrities were also victims of bank foreclosures and lost millions invested in properties acquired when real estate was booming.
Australia's November Construction Index Improves, Rises 4.9%
The Australian Industry Group Australian Performance of Construction Index was 4.9 points stronger in November at 39.6, although it was still well below the 50 point level separating expansion from contraction. November marked the 18th straight month the national construction industry index has been in the red.
Philippine Property Prices Rising Again!
House prices in the country are rising again, as buyers become optimistic about the Philippine economy.
Homeside Separation Right Approach: Flavell
NAB Broker's John Flavell has defended the separate positioning of Homeside products and the bank's branch-based offerings.
Filling Gaps 'Logical Place' for Non-Banks
Funding pressures mean non-banks won't be able to compete on price in 2012, but Firstfolio's Mark Flack has said this is nothing new for the industry.
Why Did America's Property Bubble Burst? Here Are 8 Reasons...
The global property markets are imploding, and fast. The strain that first found its footing in the U.S has now truly gone viral. From Dubai to Denmark, developers have been left reeling, while national exchequers struggle to hold ground.
Asia: ADB Cuts 2011, 2012 Forecasts For East Asia, Asia
The Asian Development Bank has trimmed its 2012 growth forecast for emerging East Asian economies including China, as the eurozone crisis threatens to further slow an already weakening global economy.
Markets: Capital Raisings, Listings Fall, Fed Govt. Orders Review Of Annual Meetings
The market turmoil in November, ignoring the stellar final three days of the month, has had an impact on not only the performance of the market, but also on IPOs and other fund raising.
The Economy: RBA Cuts As Europe’s Woes Increase, Growth Data Out Today
The RBA yesterday cut the cash rate to 4.25% from 4.50%, its second successive rate cut, a move that also has the whiff of being linked to the series of moves last week by major central banks, and this Thursday night's widely expected rate cut from the European Central Bank.
World's Most Expensive Family House - Antilia (Mumbai) Lays Empty! Now the World's Biggest Waste
Unbelievable.That is the only word fit to describe the fact that the world's tallest, most luxurious, lavish and downright most expensive single-family home has been left lying empty for what is now more than a year since its completion.
Gillard and Joyce testing their Leadership Mettle
Climate change policy led to the demise of John Howard, Kevin Rudd and Malcolm Turnbull – but not Julia Gillard, yet, as the carbon tax legislation was approved.
Australian Businessman Sentenced to 13 Years in China for Embezzlement
An Australian businessman was sentenced Tuesday by a Chinese court to 13 years imprisonment for bribery and embezzlement.
Chinese Police Says Deadly Coca-Cola Milk Drink Tainted with Pesticide
Chinese police said Tuesday that a Coca-Cola yogurt drink that killed a boy last month was deliberately laced with pesticide ingredients and was not contaminated at the soft drink maker's factory.
ABARES Forecasts Bumper Yields for Key Australian Crops
It will be an abundant harvest season for Australia, thanks much to perfect weather conditions that the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) said should lead to more than 43 million tonnes of yield from most of the country's farming regions.
Will the New RBA Rate Cut Save the Aussie Christmas?
The cash rate push back decided by the central bank on Tuesday would certainly lift some pressures off consumers' shoulders, possibly fueling more shopping activities but not enough for retailers to celebrate a glorious Christmas season.
China Is Turning Into A Nation Of Consumers
By Andrew NelsonChinese consumerism is on the march despite the spectre of rising inflation in the world's most populous country.
New Look Centro Has Appeal
By Greg PeelIn the lazy, crazy, hazy days leading up to 2007, money was cheap, property values were rising, and gearing levels never seemed an issue.
Shift to Underground Mining Extends Life of Xstrata’s Ernest Henry Mine by 12 Years
Xstrata Copper's shift to underground from open pit mining has extended the life of its Ernest Henry mine for 12 years. It also provides ongoing economic security for the Cloncurry community where the mine is located, said Myles Johnston, the general manager of the mines.
$30 Billion LNG Project in W. Australia Pushes Through Amidst Court Battle
Woodside Petroleum said on Wednesday that there would be no delay on its $30-billion liquefied natural gas (LNG) project in Western Australia (WA) despite an adverse court decision.
Global Markets Overview - 12/07/2011
U.S. stocks furthered what had been lackluster gains Tuesday after the Financial Times reported the European Union was in discussions to double the size of its bailout fund.
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