Swiss banks could be forced to raise their minimum leverage ratios to as much as 10 percent, reported the Wall Street Journal on Sunday, in a move aimed at improving industry stability - yet could see banks have to cut down on their service offerings.
Jamelle Agbuis Nov 05, 2013
With some of the most useful rare earths feared to be depleted within the next 50 years, scientists are racing against time to develop technologies to maximise their full potential as well as what could remain of them. Scientists are now specifically trying to establish a method to recycle rare earths from wastewater.
Esther Tanquintic-Misa Nov 05, 2013
Japan's financial regulator, the Financial Services Agency (FSA), is set to investigate the nation's three largest banks for transactions with the Yakuza, according to Reuters on Tuesday.
Jamelle Agbuis Nov 04, 2013
Germany's persistently high trade surplus and export-led growth model is preventing the eurozone from recovering quickly, harming the wider global economy in the process, said a U.S. Treasury report on Wednesday.
Jamelle Agbuis Nov 04, 2013
Nearly 40,000 Chinese couples living in Bejing have filed for during the first nine months of this year, according to the China Daily on Tuesday, a year-on-year increase of close to 41 percent - with experts speculating that couples had been deliberately avoiding a property tax imposed earlier this year.
Jamelle Agbuis Nov 04, 2013
The U.S. government saw a budget deficit of $680.3 billion for fiscal year 2013, showed Treasury Department data on Wednesday, a 37 percent drop from the fiscal 2012 deficit and marking the first time in five years that the figure has been below $1 trillion.
Jamelle Agbuis Nov 04, 2013
The fifty million dollar jackpot was won by a couple of players from Western Canada in the massive draw on Friday, according to Loto-Quebec.
Sounak Mukhopadhyay Nov 04, 2013
Citi analysts are optimistic of better times ahead for Australia and forecast the country would begin to register economic expansion by the middle of 2014.
Vittorio Hernandez Nov 01, 2013
Qantas Airlines of Australia and Japan Airlines on Thursday announced they will be increasing their stake ownership in low-cost subsidiary, Jetstar Japan.
Esther Tanquintic-Misa Nov 01, 2013
Is Apple's (AAPL) iPhone finally penetrating through in China in November 2013? Speculators are getting anxious over the idea based from the latest advert that China Mobile, the world's largest mobile carrier, placed on its Web site.
Esther Tanquintic-Misa Oct 31, 2013
New Zealand ranks fifth in world’s most prosperous nation to live in, based on the 2013 Legatum Prosperity Index. The international report contains the rankings of 142 nations in terms of wealth and well-being.
Reissa Su Oct 31, 2013
Frequent fliers of China Southern Airlines to Sydney now has another reason to commute via the Chinese airliner with the launch of its Airbus A380.
Esther Tanquintic-Misa Oct 30, 2013
Northeast Syria is now under threat of a polio outbreak. The UN's health agency World Health Organisation on Tuesday said there are now at least 10 confirmed cases in the country, which has a very big potential to spread and encapsulate the entire Middle East region.
Esther Tanquintic-Misa Oct 30, 2013
The gods are angry. In this case, it is the Filipino conservationists versus professional wakeskater Brian Grubb who claimed he was able to conquer the Banaue Rice Terraces because he had been given permission no less than by the tribal leaders guarding it.
Esther Tanquintic-Misa Oct 30, 2013
At least 139 of the artworks seen in various Dutch museums were determined to have been stolen from the Jews during the 1933 to 1945 World War II invasion by the Nazis.
Esther Tanquintic-Misa Oct 30, 2013
Despite a dearth of educational institutions, the government of Bohol, stricken by a magnitude 7.2 earthquake on Oct 15, has announced it will resume classes on Nov 5.
Esther Tanquintic-Misa Oct 29, 2013
The energy demand of the world's second-largest economy has been forecast to slow down by 1.8 per cent as China strives to tackle the cleaner, greener road.
Esther Tanquintic-Misa Oct 29, 2013
Pope Francis' fan base on online social networking and microblogging service Twitter has reached 10 million.
Esther Tanquintic-Misa Oct 28, 2013
"We now need the US and EU to quickly implement their own extractive industries transparency laws, and for Canada to get its law in place," said Oxfam Chief Executive Mark Goldring. "Mining giants Australia and South Africa have an important opportunity to lead G20 nations by example on this issue too."
Jamelle Agbuis Oct 28, 2013
A three-year-old toddler who contracted the deadly HIV virus while still inside her mother's womb continue to remain health and scot free of the infection even if it has been 18 months since she last received her treatment. Doctors hope the AIDS virus will go into permanent remission so the child can really live normally.
Esther Tanquintic-Misa Oct 25, 2013
According to a study published in medical journal, The Lancet, there has been an increase of 25 percent in the last 20 years in the 20- to 64-year-old age bracket either affected or dying due to stroke.
Esther Tanquintic-Misa Oct 25, 2013
Saudi Arabia has signified it will slap appropriate sanctions to protesters once they push through their planned Oct 26 mass action objecting to the ban against women drivers in the oil-rich kingdom.
Esther Tanquintic-Misa Oct 25, 2013
In today's Daily Reckoning we're going to discuss the possible impact on Australia of a changing global monetary system. We say possible because no one really knows where this rabbit hole we're heading down leads, so it's all guesswork.
Jamelle Agbuis Oct 25, 2013
Money Printing: Everything Old is New Again
Jamelle Agbuis Oct 25, 2013
The Spanish economy grew by 0.1 percent between July and September this year on the back of stronger exports, according to estimates from Spain's central bank on Wednesday, though unemployment remains stubbornly high at around the 26 percent mark.
Jamelle Agbuis Oct 25, 2013
Businesses in earthquake-damaged Bohol in the Philippines have resumed tour operations Thursday as survivors reclaimed lives amid the rising death toll that has reached 195. Cost of damages caused by 7.2 magnitude temblor had hit Php 1 billion (AU$24 million).
Esther Tanquintic-Misa Oct 24, 2013
Hassanal Bolkiah, Sultan of Brunei Darussalam, has sought to toughen the existing Sharia law penal code in the country. Effective April 2014, offenders of the revised law, such as adulterers face death by stoning, amputation of limbs for theft, as well as flogging for alcohol consumption and abortion, among other types of punishments.
Esther Tanquintic-Misa Oct 24, 2013
Real money as we know it arose along with marriage and the golden rule. These innovations allowed people to live together, peacefully, and to do business with one another. Trade, savings, investment, the division of labour - these are the bedrock innovations upon which modern capitalism rests.
Jamelle Agbuis Oct 24, 2013
Although the Fed may realize (though I doubt it) that the current asset purchases have minimal impact on the real economy of the majority of American people, they probably think that continuous monetary stimulus is the lesser of two evils. This is a wrong assumption, in my opinion, because prices are rising far more than wages and salaries.
Jamelle Agbuis Oct 24, 2013
This week's theme is the global financial system. It's been around for 40+ years in its current guise. That is, since 1971 when Nixon reneged on the US government's promises to pay its debt in gold (or gold equivalent dollars).
Jamelle Agbuis Oct 24, 2013
