Business and Finance News
- Stock market unable to keep up with gains
Melbourne News.Net
US investors were relatively cautious on Monday with Wall Street giving back some gains from last week’s stock market rally.
- China changes gear in looking for solution to economic problem
Melbourne News.Net
China’s growth patterns have shifted, with an emphasis in policy toward the domestic market.
- Indian truckies decide to strike
Melbourne News.Net
Truck drivers in India have gone on strike indefinitely.
- Air India sacks hefty hostesses
Melbourne News.Net
Air India, the main airline on the sub-continent, has told hostesses to lose weight or lose their jobs.
- Apple staff relieved after CEO gives himself a healthy report
Melbourne News.Net
Apple CEO Steve Jobs has sent a letter to staff to assure them he is well enough to continue as the company head.
- Commercial property-the next domino to drop
Melbourne News.Net
2009 is expected to be a bad year for US commercial real estate.
- Washington Post editor steps down
Melbourne News.Net
The Managing Editor of the Washington Post, Philip Bennett, has announced he will step down this week.
- Dubai makes a mark in duty free sales
Melbourne News.Net
Sales of Dubai duty free goods increased 23 per cent over last year, despite the fact that less people were travelling.
- Asian stock markets lift on Monday
Melbourne News.Net
Asian stock markets have risen in the first week since the new year break with the benchmark indices in Tokyo and Shanghai gaining more than 2 percent.
- South Korea pledges economic reform
Melbourne News.Net
South Korea's President has said his government will face emergencies in 2009 over the global economic crisis.
- Bahrain causeway to improve commerce
Melbourne News.Net
A new US$3 billion causeway, linking Bahrain with Qatar, will be the longest in the world.
- Union dissent likely for Asian automaker
Melbourne News.Net
The union which represents workers at the ailing South Korean automaker, Ssangyong Motors, has called for its members to go on strike.
- High definition broadband hits the US
Melbourne News.Net
In the US, Netflix has teamed with LG Electronics to sell high-definition TV sets that stream Netflix videos directly from the Internet.
- Madoff faces new charges; Congress starts probe
Melbourne News.Net
Bernard Madoff, the high-flying Wall Street investor who is awaiting trial in a $50-billion investment Ponzi scheme, faces a new set of charges alleging that he tried to hide valuables including jewellery.
- US stocks end low on earning concerns
Melbourne News.Net
New York, (Xinhua) US stocks ended lower Monday as concerns about a decline in corporate profits overshadowed the prospect that President-elect Barack Obama's tax cut plan will help avert the economic downturn.
- Fertilizer prices falling but few are buying
Star Tribune
For proof that the seller's market of 2008 no longer exists in agriculture -- a market where tractors sold out, prices for farmland defied gravity and commodities zoomed to the stratosphere -- look...
- Oil above $48 as Gaza conflict keeps tensions high, investors hope OPEC to implement cuts
Star Tribune
Oil prices remained above $48 a barrel Tuesday in Asia amid signs OPEC is implementing announced production cuts and as Israel's ground offensive in Gaza kept tensions high in the...
- Microsoft sold 28 million Xbox 360s by end of 2008
Reuters
Microsoft Corp sold 28 million units worldwide of its Xbox 360 video game console through the end of 2008, expanding the Xbox's lead over rival Sony Corp's PlayStation 3...
- A primer to Canada’s new savings account
Financial Post
If Christmas spending and bleak economic news have you in the mood to sock away money, Ottawa has a New Year's gift for you - the tax-free savings account.TFSAs can be used to save for...
- Canadian dollar regains ground on oil boost
Financial Post
Canada's currency touched the highest level in more than a week, reversing an earlier loss, after commodities including crude oil advanced."Helping support the Canadian-dollar move, oil prices were...
- Daman to offer research on UAE equity markets
AME Info
Independent third-party equity research of the UAE markets is to be provided to Daman Securities by Chicago based Morningstar, Inc. Shehab Gargash, CEO, Daman, talks to Phil Blizzard about the new...
- Science weighs in on art of shopping
Financial Post
A gloom falls over us post-Boxing Week. A gnawing nostalgia for deals missed. For bargains that got away. Our will to shop, recently virile, seems sapped. We are down in the deep-discount dumps. You...
- European countries suffer as Russia turns off the gas
Financial Post
European countries began to suffer from reduced gas supplies on Friday after Russia cut deliveries to Ukraine in a contract dispute.The Czech Presidency of the European Union said it...
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