Latest Breaking Business News
RSS-
Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
-
Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
-
Construction begins on new island off Jumeirah Becah in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
More Breaking Business News
RSS-
Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
-
Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
-
Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
-
Metals Stocks Gold extends losing streak as bearish bets rise
LOS ANGELES (MarketWatch) -- Gold futures dropped Monday, facing an eighth straight session of losses, with data showing an increase in bearish bets on the precious metal, while silver futures were on track for their steepest decline in a ...
-
Ryanair profits and customers rise
Europe will dampen growth this year.The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to 31 March, an increase of 5% on a year earlier as revenues improved 13% to EUR4.8bn (4.1bn).Post-tax profits rose to EUR569m and the airline is hopeful of another rise this year, albeit at a slower rate of growth as economic conditions put pressure ...
-
High inflation here to stay says leading forecaster
inflation was here to stay.The Ernst & Young Item Club, which uses the Treasury's model of the UK economy for its forecasts, estimates that persistently high inflation has already knocked almost 3% off UK growth in the last three years.It expects inflationary pressures to peak over the summer and said it is unlikely the CPI measure will dip below 2.5% over the next four years.While the ...
-
Yahoo expected to announce acquisition of Tumblr for $1.1bn
Marissa Mayer, the former Google executive who is now chief executive of the listing web content company, is signalling a desire to give the company more social media strength and Tumblr, which was founded in 2007 by David Karp, then 21, in a bedroom in his mother's apartment in New York, is the lucky entrepreneur to ...
-
Some French Households Taxed at 100
More than 8,000 French households' tax bills topped 100 percent of their income in 2012, a French newspaper reported. Citing data from France's finance ministry, ...
-
21 most expensive U.S. zoos
U-T San Diego surveyed more than 40 public and nonprofit zoos to identify the most expensive in the U.S. Family admission prices, and membership costs, were based on tickets for two adults and two children, 8 and 13. ...
-
Zoo price is as high as its profile
The zoo this year costs $44 for adults and $34 for children under 13, after a series of annual increases. Since 2009, the cost of admission has gone up 26 percent for grown-ups and 31 percent for ...
-
Oil prices down ahead of key economic data
The price of oil fell today ahead of the release later this week of economic data from the US and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel on the New York Mercantile Exchange. The contract rose 86 cents to close at $96.02 a barrel on Friday. Brent crude, a benchmark for many ...
-
If CDFIs are forced to get ruthless social enterprise will suffer
I've worked in the social enterprise sector for 15 years and one challenge that's always been there is doing good and doing well - the balance of delivering social and financial returns.And I don't think it's getting any easier.Take community development finance institutions (CDFIs) as an example. They are social enterprises that deliver ethical financial services to those ...
-
Australian shares trim early rally edge higher on Wall St weak $AU
Mon May 20, 2013 2:52am EDT (Adds details, comments) SYDNEY May 20 (Reuters) - Australian shares finished the session 0.5 percent higher on Monday, underpinned by a broad rally as upbeat economic data propelled Wall Street to record highs. Stocks with a large exposure to the U.S. gained on the weaker Australian dollar. The Australian dollar steadied after reaching multi-month lows against the ...
-
Ryanair Profit Up 13 But Expects Slowdown
Budget carrier Ryanair has posted record full-year earnings but warned profit growth would slow sharply in the coming 12 months. It expects the slowdown to be caused by weakness in the European Union and high fuel and airport costs. Europe's largest budget airline reported net profit of 569m euros (£480m) for the 12 months to the end of March, up 13%. The full-year return ...
-
Tax Havens Cameron Warns Over Transparency
Britain's offshore tax havens have been warned to enforce regulations and improve transparency to avoid evasion by individuals and companies. The Prime Minister has written to nearly a dozen leaders of the havens, stressing the need to "get our own houses in order" as he pushes for international action to tackle avoidance schemes. In a message to 10 crown dependencies and ...
-
NY regulator questions investment firms ties to insurers WSJ
(Reuters) - New York's top financial regulator has sent subpoenas to several firms seeking information on investments that guarantee steady payments to hundreds of thousands of retirees and other consumers, the Wall Street Journal said on Monday, citing people familiar with the ...
-
Elan strikes more deals agrees second share buyback
DUBLIN (Reuters) - Irish drug firm Elan agreed on Monday to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea of how the company will be reconfigured as shareholders weigh up a takeover ...
-
Weak economic data weigh on yields
Sovereign debt markets inched down early in the week but rallied at the end of the week after economic data disappointed - Greek and Portuguese yields declined sharply after the positive assessments from the Eurogroup for both countries, and after Fitch upgraded the Greek sovereign rating to B- from CCC. In the week, the Greek 10Y yield fell by 142bps, while the Portuguese decreased by 21 and ...
-
Elan eyes more deals this year with $1 billion warchest
DUBLIN – Elan will still have $1.2 billion of cash left to spend if shareholders approve its first package of acquisitions, and plans to announce more deals in the second half of the year, chief executive Kelly Martin said on Monday. Elan agreed on Monday to buy Austrian rare drug specialist AOP Orphan for 263.5 million euros ($337 million) and pay $40 million for a 48 percent stake in ...
-
Wall Street betting on last-minute debt deal
With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit rating, or even an actual governmnent debt default. The U.S. Treasury Department has said the Congress must act before Aug.2 to avoid a catostropic default. With the dealine drawing close ...
-
Price of oil falls below $96 per barrel as traders await data Fed chief Bernankes speech
BANGKOK - The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief. Benchmark crude for June delivery was down 25 cents to $95.77 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents to close at ...
-
Asian stocks rise on signs of steady US recovery
Investors will have a slew of data to sift through this week, including U.S. homes sales and durable goods orders. Analysts are somewhat pessimistic about the strength of China's recovery but are expecting to see solid improvement in the ...
Nepal Focus
-
Nepal reaches out for help to save tiger population
Nepal’s tigers, along with tigers across the Asian region, are being killed off by poachers and human encroachment on their habitats, with an extinction crisis mounting, the government has appealed to the international community for help.
The tiger, there is arguably no land animal so beautiful and majestic as this magnificent member of the Felidae family. These creatures have invaded the human imagination for centuries and are the national animals of India, Nepal, Bangladesh, Malaysia, as well as North and South Korea. Read more
News from around our Network
