Business and Finance News
Electric vehicle sales surge in US
Middle East News.NetThe biggest rollout of charging stations is about to occur in eleven major US cities for the purpose of charging the new generation of electric cars from Nissan and General Motors, which are mooted to go on sale at the end of this year.
Alleged money concealment leads to questioning for banker FitzPatrick
Middle East News.NetThe former chairman of Anglo Irish Bank was taken in for questioning by Irish police on Thursday about alleged financial irregularities.
UK hopes to cut deficit earlier than expected
Middle East News.NetIn the UK, Chancellor Alistair Darling has pledged to cut the budget deficit by half.
EU wants Greece to survive without IMF funds
Middle East News.NetGreece's financial prospects have taken another bad turn with suggestions that Athens might ask the International Monetary Fund for aid early next month if it cannot get a formal aid plan from the EU.
BA provided Scotland with poor strike services
Middle East News.NetScotland is expecting to be hit hard by the British Airways strike with flights to and from Scotland among the routes that will suffer from a three-day strike by British Airways cabin crew.
Toyota fixes not working in some cases
Middle East News.NetSome cars which have been repaired under the Toyota recall system have had questions raised about the effectiveness of the repairs.
Dow Joens extends gains
Middle East News.NetWhile the Dow continues to work its way higher, the broader market was flat Thursday.
Jerry York of Apple dies
Middle East News.NetApple Inc has announced the death of one of its directors, Jerry York.
Owners given keys to luxury Dubai apartments
Middle East News.NetA set of new luxury residences have been handed over to owners in Dubai.
New Zealand man jailed for Ponzi scam
Middle East News.NetA New Zealand investment banker has been jailed after spending millions of dollars of clients money on prostitutes.
March date set for Rio Tinto trial
Middle East News.NetRio Tinto has been made aware of a trial date for four of its workers in China.
Financial institutions get another boost from Japanese government
Middle East News.NetJapan's central bank has been encouraging financial institutions to lend more with a new stimulus package.
Irish airports seeing less travellers
Middle East News.NetAir traffic in Ireland has slumped considerably over the past month.
Airlines invite business travellers back with perks
Middle East News.NetElite travellers are expected to start flying again soon, with airlines now gearing up for business travellers.
US stocks mixed on hopes of economic recovery, low inflation
Middle East News.NetMajor US stock indices were mixed Thursday as government figures showed consumer prices were flat in February and a private research group's gauge of the economy signalled a slow but continuing recovery.
The “great Risk Shift” - - Why It May Be Time To Re-think The Developed/ Emerging-markets Distinction
Finfacts Business NewsSee Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactiv...
South China's Industrial Heartland Of Guangdong To Raise Minimum Wage By Average Of 21% To Range Of $96 To $150 A Month
Finfacts Business NewsSouth China's industrial heartland of Guangdong to raise minimum wage by average of 21% to range of $96 to $150 a month By Finfacts Team Mar 19, 2010 - 5:06:31 AM >
Rio Tinto Announces Chinese Deal
BBCThe Anglo-Australian mining company Rio Tinto says it has signed a deal with China to develop a massive iron ore project in West Africa.China's state metals group Chinalco will pay more than $1.3bn (&...
Two Major Barriers To Your Retirement Plans
Fox BusinessBOSTON -- When it comes to retirement, there are lots of things to consider: tax rates, earthquakes, and drug interactions to name a few. But experts say there are two big elephants in the room with ...
Tiger At The Masters: Cut Him No Slack
Fox BusinessNEW YORK -- When Michael Jordan came out of retirement to rejoin the Chicago Bulls in 1995, he issued this simple statement: "I'm back."And now, as Tiger Woods returns to play golf next month in the ...
Ba Strike Talks Resume As Walkout Looms
AnanovaTalks to avert a damaging strike by British Airways cabin crew will resume later as time runs out on efforts to break a deadlocked row over cost-cutting. The airline's chief executive, Willie Walsh,...
A Promised Deal On Gold Was No Such Thing, Lawsuit Alleges
Star TribuneAndrew Vilenchik says he'd never heard of the international "golden brick" scheme until last year, and by then it was too late. The 31-year-old Russian immigrant manages a financial service...
Fda: Hold Off Use Of Boston Sci Devices
Star TribuneDoctors should avoid treating patients with heart defibrillators made by Boston Scientific Corp., at least until the medical technology firm has ironed out a snafu with the Food and Drug Administratio...
3-d: Battle Behind The Glasses
Star TribuneA promotional poster for Dolby 3-D technology sits on display at the headquarters of Dolby Laboratories Inc. in San Francisco, U.S., on Friday, March 12, 2010. U.S. theaters are using equipment made b...
Who Has Black Belt In Martial Arts Mats? Creator Of The Zebra Line
Star TribuneChuck Blanski sells flexible foam floor mats. Big whoop! Except that he's grossing nearly $7 million a year in the process, including a 6.3 percent revenue increase in 2009, when the deep recession w...
Ntsb Faults Nwa Pilots For Overflight
Star TribuneFederal officials said that the two Northwest Airlines pilots who overflew Minneapolis-St. Paul by more than 150 miles became so distracted by a conversation over flight schedules that they failed to ...
Allegations Flying After Medafor Spurns Suitor
Star TribuneBrooklyn Center-based Medafor Inc. said Thursday that it has terminated its distribution agreement with rejected suitor CryoLife Inc. The disputed pact afforded the Atlanta company exclusive rights t...
Japanese Man Claiming Brake Failure May Face Criminal Charges In Prius Accident
Star TribuneTOKYO - Japanese police are recommending criminal charges against a driver who says his Toyota Prius crashed because of brake failure after an analysis of "black box" data showed no defects...
A Start-up Website For Energy News Junkies
Star Tribunewww.midwestenergynews.com -- aggregates energy-related stories from publications in eight Midwest states. The site was created by former Star Tribune editorial writer Ron Meador and former Minnesota ...
Asian Stocks Lower As Profit-takers Cash In On Recent Gains
The China PostHONG KONG -- Asian shares succumbed to profit-taking on Thursday as dealers moved to cash in on the previous day's gains after the Japanese and U.S. central banks held interest rates at record lows.
Wal-mart Considers Selling Yuan-denominated Bonds In Hk
The China PostHONG KONG -- Wal-Mart Stores Inc., the world's largest retailer, is considering selling yuan bonds in Hong Kong as China opens its markets, according to Asia Chief Executive Officer Scott Price. The c...
Asian Stocks Rise Toward A Fourth Weekly Advance On U.s. Jobs
Business WeekMarch 19 (Bloomberg) -- Asian stocks rose, driving the MSCI Asia Pacific Index toward a fourth weekly advance, after U.S. jobs and manufacturing reports boosted confidence in a global economic recover...
Powell Says New Sanctions On Iran Won’t Stop Nuclear Program
Business WeekMarch 19 (Bloomberg) -- Former U.S. Secretary of State Colin Powell said new sanctions on Iran to persuade it to stop enriching uranium won’t work because the Islamic republic is “determin...
Rio, Chinalco Agree To Develop African Iron Ore Mine
Business WeekMarch 19 (Bloomberg) -- Rio Tinto Group agreed with Aluminum Corp. of China, its biggest shareholder, to jointly develop the Simandou iron ore mining project in Guinea.
Bharti Said To Seek Zain Cover On Nigeria For Deal
Business WeekMarch 19 (Bloomberg) -- Bharti Airtel Ltd., the Indian phone company planning a $9 billion purchase of Zain’s African assets, may ask Zain for legal protection from a dispute in Nigeria, accordi...
U.s. Insurers Purchase Corporate Bonds In Market ‘raining Gold’
Business WeekMarch 19 (Bloomberg) -- U.S. insurers, holders of more than $2.2 trillion in corporate debt, bought the bonds at the fastest pace in five years in 2009, taking advantage of a market that Warren Buffet...
Vietnam Tycoon Tam Luring Companies From China With Cheap Labor
Business WeekMarch 19 (Bloomberg) -- Vietnamese property developer Dang Thanh Tam, one of the country’s richest men, is trying to lure companies from China to his industrial parks with the promise of cheap l...
Sensex Up 44 Points In Early Trade
Times Of IndiaMUMBAI: The Bombay Stock Exchange on Friday opened over 44 points higher, extending gains for the fourth straight day on sustained buying after the upgrading of the country's sovereignty rating. ...
Rupee Down By 2 Paise Against Dollar In Early Trade
Times Of IndiaMUMBAI: The Indian rupee depreciated by two paise to 45.46 in early trade today as dollar strengthened overseas. At the Interbank Foreign Exchange (Forex) market, the rupee weakened by two paise...
Website's Instant Posts Of Wall Street Research Banned
ReutersNEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, ofte...
Bnp Paribas Japan: To Hire Staff From Kbc Securities Japan
Fox BusinessTOKYO -(Dow Jones)- BHP Paribas S.A. (BNP.FR) will hire a "significant" number of research analysts, sales staff and traders from the Japan equities business of KBC Securities Japan effective April 1...
Samsung Sees Double-digit Sales Growth: Reports
Fox BusinessTOKYO -- The chief executive of Samsung Electronics Co. told shareholders Friday the South Korean electronics giant expects revenue to grow at a double-digit pace this year and operating profit to at...
Vietnam Signs Pact For More Development Aid From Japan
Fox BusinessHANOI -(Dow Jones)- The Vietnamese government said Friday that it signed an agreement to receive an additional Y25.8 billion of official development assistance from the Japanese government for the fi...
China Cisa: Vale Asked For 90%-100% Iron Ore Term Price Hike
Fox BusinessVALE ) asked Chinese steel mills for a 90%-100% increase in the 2010 iron ore benchmark price, China Iron and Steel Association Vice Chairman Luo Bingsheng said Friday. Vale first proposed a 90% pri...
Focus: New Investors May Be Stymied By Refining Glut Concerns
Fox BusinessSHANGHAI -(Dow Jones)- Foreign investors seeking a foothold in China's oil refining sector are facing a long wait to get their proposed investments approved, as Beijing worries about overcapacity and...
Asia Stocks Head For Sixth Week Of Gains
ReutersHONG KONG (Reuters) - Asian stocks rose on Friday, led by Japanese exporters and consumer-related shares, with investor expectations of a steady economic recovery helping markets close in on a sixth s...
Website's Instant Posts Of Wall Street Research Banned
ReutersNEW YORK (Reuters) - A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, ofte...
Japanese Fish Dealers Welcome Tuna Ban Rejection
ABCNewsPeople eat sushi at a sushi restaurant with blocks of tuna placed on the counter outside Tsukiji wholesale market in Tokyo, Japan, Thursday, March 18, 2010. Opposition grew Wednesday against a proposa...
Correction: Movado Earnings Story
Lexington Herald-LeaderPARAMUS, N.J. -- In a story March 16 about quarterly results from Movado Group Inc., The Associated Press reported erroneously that the company posted net income of 64 cents per share in its fiscal 20...
Lead: Tokyo Stocks Rise On Wall Street Gains, But Greece Debt Fears Loom+
Breitbartloom+ (AP) - TOKYO, March 19 (Kyodo)(EDS: ADDING DETAILS AND PRICES) Tokyo stocks rebounded Friday morning with investor sentiment buoyed by an overnight rise on Wall Street, but gains were...