BUSINESS

France Plans to Utilize Bailout Fund in Recapitalizing Own Banks

One week before the Brussels Summit of European Union (EU) leaders for the Polish presidency from Oct. 17 to 18, the German and French governments remain divided on the matter of supporting unsteady banks in the continent and solving the debt problem that could lead to a Greek default.
More news

Copper Prices to Recover in a Month

Copper prices are expected to rebound in six weeks. In a survey of 15 respondents by Bloomberg, 10 copper traders and analysts see the prices of the commodity growing by next week, while five others forecast a fall. The survey is the most bullish reading taken on the commodity since August.

Microsoft Denies Fresh ‘Halo’ Movie Rumor

A novel based on the popular xBox game Halo of Microsoft Studios is coming out for sure but its legions of fans would like a movie adaptation more. So it was not surprising that rumors of a Halo movie is circulating again in gaming circles after the latest press release on the book "Halo: Cryptum" by Greg Bear hinted a film adaptation coming in theaters next year.

Recession, not Apple, is Real Threat to Samsung

Samsung Electronics admitted in its third-quarter forecast Friday that its profit for the period may fall below expectations with slow sales of its flat-screen TVs and computer chips. But a booming smartphone and tablet business still produced a $3.5 billion profit.

Steve Jobs’s $1 Annual Salary – A Thought for Today’s CEOs

There is no doubt about it that the enigma behind Apple' success is Steve Jobs and his "methodology" that was described by his former nemesis John Sculley, Apple CEO from 1983 to 1993, as "different from everyone else's since he always believed the most important decisions you make are not the things you do, but the things that you decide not to do."

Less Leverage for Apple in Media Deals with Jobs’s Demise

Although the iPhone continues to be the best-selling smartphone globally and investors have not reacted negatively on Apple co-founder Steve Jobs's death, the most valuable company in the world may have less leverage when it comes to future media deals.

No End in Sight for Greek Bailout Talks

The “troika” composed of the European Union, International Monetary Fund and European Central Bank have been engaged in discussions since last week regarding the rescue package for Greece but no final decisions have been consummated until now.

Qantas Cancels, Delays Flights Despite Strike Cancellation

The Transport Workers Union (TWU) canceled the two-hour strike scheduled on Friday as a "significant gesture of good faith." However, their move apparently failed to appease both the passengers and Qantas because flights had already been canceled and delayed.

Aussies before Migrants on Filling Skills Shortage - Gillard

Prime Minister Julia Gillard says Australian workers, not migrants, should be prioritized in filling employment requirements. For his part, Jobs Minister Chris Evans warned against reducing skilled migration numbers as this could affect pace of work at the industry, noting jobs are "moving north and west" and there are some areas which are "doing it tough".

Jobs’s Death Boosts Sales of Apple Products

Investors and consumers reacted differently to the Wednesday death of Apple co-founder Steve Jobs. While investors in stock markets let go of the Apple shares after the news of his demise. Consumers, on the other, hand snapped up more of the Apple gadgets.

The tax summit's super challenge

Summits are there to be climbed. But there is no doubt when it comes to tax summits a lot of preparation, planning and public debate is required before anything resembling success looms into sight.

Gold Still Shines

By Greg PeelThe number of times gold has suddenly accelerated well above its underlying trend line over the past few years, and "gone parabolic" as they say, and then sharply fallen back again are becoming too many to count.

Australian Stock Market Report - Overview 10/07/2011

Australian shares leapt the most in almost three years as investor sentiment improved on renewed optimism a solution is near at hand for the Eurozone debt crisis. The local market opened more than one per cent stronger after Wall Street surged for its second straight day, then eased slightly after midday but soared in the last hour of trading. By the close, the benchmark S&P/ASX200 index had reached its highest level since September 21, rising 143.4 points, or 3.65 per cent to 4,069.9 and the br...

Aussie Home Loans Expanding in Western Australia

More than 100 prospective Aussie brokers and franchisees are expected to attend a career information evening at Burswood Convention Centre on October 10 as Australia’s mortgage broker, Aussie Home Loans aims to find brokers and franchisees to service the Perth metropolitan area and regional areas, particularly the north coast.

IKEA Recalls Dangerous Folding Tent For Kids

Furniture retailer IKEA is asking customers who have a BUSA children’s folding tent to immediately take away the tent from children and bring it back to any IKEA store where they will receive a full refund.

AGMs: Bradken Reaffirms 2012 Guidance

And shares in mining services and rail group Bradken Ltd finished up 3c yesterday at $6.24 after the company's AGM in Sydney was told earnings in the 2012 were on track.

More Strikes From Two Unions Cause Qantas Passenger Delays

Friday’s strikes by unions representing licensed aircraft maintenance engineers, baggage handlers and other transport employees will affect over 5,700 Qantas passengers bringing the number of passengers affected by the industrial action to over 35,000.

Will European Central Bank Slash Interest Rates?

The European Central Bank (ECB) has taken further steps in implementing a reduction in interest rates even as presumptions increased that interest rates will remain unchanged at 1.5 percent.

Pages