Manchester United Plc inked two sponsorship deals with China's businesses, namely, China Construction Bank Corp. and Wahaha Group Co. As it has been underlined, both sponsorship deals are "territory specific" as 19-time English soccer champion Manchester United wants to benefit from its status in Asia.
TUI Travel informed that it started merger negotiations with its German parent TUI AG. The merger is aimed at cutting costs and focusing mainly on tourism.
By Peter Switzer, Switzer Super Report17 January, 2013I received a great question from a subscriber, Bill, who, as an old Chartered Accountant, can't ignore the indebtedness of the US government.
By Kathleen Brooks, Research Director UK EMEA, FOREX.comDon't forget that you can now follow Forex.
By Rudi Filapek-VandyckHere are the facts: Chinese economic data as released on Friday afternoon surprised to the upside, albeit mildly.
Despite a slight tick-up in Australia's unemployment rate, the local share market rallied today edging 20 month highs. By close, the All Ordinaries Index (XAO) was up 14.7pts or 0.3pct to 4779.7.
Tasmania is on the road to recovery. After experiencing its catastrophic bushfire incident early this year, Tasmania struggles to recover, with the first shipment of its cherry export already bound for China.
With Australia Day just a week and a few days away from now, some of you might be considering packing up your bags to spend the long weekend with your family, friends and loved ones. In so doing, you may want to consider some local hotels which TripAdvisor named as the best in all over Australia.
Despite the release of some disappointing employment numbers this morning, the Australian sharemarket is improving for the third time this week, with the All Ordinaries Index (XAO) up by 0.7 per cent or 34.1 pts to 4799.1. Most sectors are trading higher, with the exception of the telcos which are slipping modestly.
by Carl Delfeld, Investment U Senior AnalystThursday, January 10, 2013: Issue #1945No question, gold has had a nice run.
Jonathan Moyler, the anti-coal activist who issued a fake press release that caused losses on Whitehaven Coal and its shareholders, had maintained that the bigger loser is not the stockholders of the mining firm but farmers who would be affected by the company's Maules Creek project in the Gunnedah Basin.
Just when the resources industry in Australia was anticipating a further improvement in iron ore prices, reports said that the price of the key steelmaking ingredient plummeted to a 14-month biggest daily drop to $145.40 a tonne.
By Rudi Filapek-Vandyck, Editor FNArenaThe S&P500 managed to eke out a gain overnight of a full 0.29 point to close at 1472.
The Australian sharemarket managed to improve for the second time this week today, with the All Ordinaries Index (XAO) up 0.5 per cent or 22 pts to 4765.0. Today was the busiest day on the market in terms of volume so far this year; with $4.12 billion worth of shares exchanging hands.
The Australian share market lifted slightly in morning trade, with gains in banking and health care stocks covering the losses for our big name miners and energy players.
Rio Tinto PLC, the world's second largest mining company, informed that it would expand iron ore production by approximately 15 percent as it saw its 2012 output grow to about 253 million tons, topping its earlier forecast. The strong results were pushed mainly by the revival in China's demand for iron ore.
Despite the shift by Chinese steelmakers to use more local iron ore, mining giant Rio Tinto (ASX: RIO) is not fazed and hopes to cash in on anticipated renewed Chinese demand amid rising prices of the commodity.
By Rudi Filapek-Vandyck, Editor FNArenaA late rally pushed the S&P500 1.66 point into the positive to close at 1472.
Local stocks ended slightly lower on Tuesday. Market news was a less a factor behind the weaker tone, rather it was a couple of unsuccessful attempts to make new session highs in the morning that provided sellers with some encouragement and over the course of the afternoon the index lost ground.
Ben Bernanke gives a speech on Monday in the US. He may try to 'walk-back' the minutes of the December Federal Open Market Committee meeting. Those minutes suggested that at least one FOMC member wants to end the Fed's bond buying program this year. If he's feeling bold, Bernanke will fly the inflationist flag.
The good thing about digging holes is that you can fill them back up again. You get two bursts of economic activity from the one project. Heck, you could employ two people to do the job instead of just one. A hole digger and a hole filler.
Jaguar Land Rover to Add 800 Jobs in Solihull Due to 2012 High Car Sales
The Australian sharemarket is off to a positive start for the second consecutive session, with the All Ordinaries Index (XAO) up 0.2 per cent or 8.1 pts to 4753.8. Global markets overnight ended mostly higher, with the Dow up 0.14 per cent, while shares in Germany and France also improved modestly.
By Alexander Green, Investment U Chief Investment StrategistFriday, January 11, 2013: Issue #1946A powerful new bull market in stocks is just beginning to take off.
By Andrew NelsonAs the old curse goes; may you live in interesting times. And for the uranium market, last year contained surely some interesting times.
Someday, someone will fund an academic study identifying the crevice in the human brain that craves year-end predictions for the coming 12 months. Wherever it resides, it is undeniably strong and far more prevalent among the populace than the craving for news about, say, the 'fiscal cliff' or the New York Jets' quarterback saga.
A hair removal method that allows people to wear the tiniest bikini bottoms sans peeking pubic hair or unsightly leg hair is to be blamed for public lice becoming endangered species.
While Australian miners are happy with the strengthening of iron ore prices in the global market, their glee may be short lived. Reports said that in response to iron ore price rising to $158.50 a tonne from a low of $86 in 2012 has prompted Chinese steelmakers to prefer domestic supplies.
By Rudi Filapek-Vandyck, Editor FNArenaThe S&P500 closed at 1470.68, down 1.37 points, while the Dow Industrials closed at 13507.
By Rudi Filapek-Vandyck, Editor FNArenaA few years ago I spent my December holidays traveling through Zimbabwe, to study a widely unknown economy recovering from a decade of hyperinflation.
