Latest Breaking Business News
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Eurozone downturn in manufacturing services eases in May
See 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 Interactive Tools upgraded to a new content management ...
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Grexit No Longer Likely Says Man Who Coined Phrase
"Grexit" says the possibility of Greece exiting the euro zone has receded "markedly", reversing predictions he made in July when he saw a 90 percent chance of an exit within the next 12-18 months. Citi Chief Economist Willem Buiter coined the phrase with his Citigroup colleague Ebrahim Rahbari in February 2012. ...
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If Microsoft can’t beat them it bashes them
Scroogled " campaign, to "Bing It On", the company is more focused on the current king of online search than solving its own problems. Focusing on Google internally is fine enough, but is classless to do so publicly. You should never have to bash a competitor's products to further advance your own. With that said, Microsoft continues the desperation in the latest Bing blog ...
More Breaking Business News
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Nissan To Recall 841000 Vehicles Worldwide
Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide as a result of a steering wheel glitch. Japan's No.2 automaker said it would recall certain models of the Micra compact car produced in Britain and Japan between 2002 and 2006, as well as the Cube, produced in Japan around the same period. It is pulling back vehicles in Japan, Europe, Asia, Oceania, Africa, Latin America ...
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Chidambaram tries to calm stock markets says Fed statement misunderstood
In a bid to calm stock markets, Finance Minister P Chidambaram on Thursday said the Fed statement on the possible scaling back of the bond buying programme has been "misunderstood". The Sensex and Nifty slumped nearly 2 per cent on Thursday after U.S. Federal Reserve Chairman Ben Bernanke said a decision to scale back the Fed's massive bond-buying programme could be taken at ...
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EUs Barnier wants big companies to reveal national tax bills
BRUSSELS (Reuters) - Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on ...
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EU stock markets slide after Tokyo dives
EUROPE'S main stock markets have slumped at the start of trading, with Frankfurt and Paris down more than 2.0 per cent following a plunge in ...
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State Bank of India Profit Falls More Than Expected
State Bank of India (500112.BY) posted a larger-than-expected 18.5% drop in net profit for the January-March period as it set aside more funds against bad loans, sending the shares of the country's biggest lender down as much as 7%.The bank posted a net profit of 32.99 billion rupees ($590.9 million), compared with 40.50 billion rupees a year earlier. The average of estimates from six ...
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EUROPE MARKETS Europe Stocks Slide After China Data Fed Comments
LONDON – European stock markets opened with sharp losses on Thursday, after disappointing data from China and comments from the U.S. Federal Reserve about tapering its stimulus program stoked worries about slower global growth and less liquidity.The Stoxx Europe 600 index slumped 1.5% to 305.96, retreating after closing at the highest level since June 2008, reached on Wednesday.Banks ...
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BASF Monsanto to Launch Drought Tolerant GM Corn in U.S. in 2014
Global crop protection companies BASF SE (BAS.XE) and Monsanto Co. (MON) plan to commercially launch a drought-tolerant variety of genetically modified corn in the U.S. next year, a senior BASF official said Thursday."We are working with Monsanto to develop a new GM corn variety, which is currently under trial and expected to be ready for launch next year," BASF's president for ...
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Portuguese leaders build faith in bailout exit
A woman with a Portuguese flag shouts slogans during a protest against austerity in front of the presidential palace in Lisbon May 20, 2013. Portugal's President Anibal Cavaco Silva called a state council to discuss the political and economic situation after a ''troika'' bailout ...
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Obama to limit drone strikes restart Guantanamo closure
Obama will say Thursday. The president will also announce new limits to unmanned combat drone strikes, the officials said of the program that has been central to White House efforts to combat terrorism. Obama's 2 p.m. speech at the Defense Department's National Defense University in Washington will lay out how he intends to bring his counter-terrorism policies in line with the legal ...
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Xbox One Steve Jobs dream device made by Microsoft
Just before he died, Steve Jobs told his biographer Walter Isaacson about his dream for revolutionizing television. His fantasy device would control all the many doodads that crowd your living room - DVRs, game consoles, Blu-ray players - and would connect to the vast world of entertainment available online. Best of all, it would be drop-dead simple to control - no more futzing with the Input ...
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Daily Mail publishers print revenues slide
Mail on Sunday declined 6% to 287m in the six months to the end of March, as print ads and circulation declined, while the Mail Online juggernaut continued with a 61% year-on-year revenue surge to 20m.Parent ...
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The smart technology for running your business from home
Working from home or running a business from home is a great thing, and using your own equipment can be fun, as well as productive. Many pieces of technology double up as both consumer and business products - here are a handful that I have tried. The opinions expressed here are my own. Feel free to add your own observations in the comments, ...
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Chinas manufacturing sector contracted in May
See 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 Interactive Tools upgraded to a new content management ...
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Abolish the Bonus System
What makes otherwise law-abiding people mis-sell insurance products or derivatives to their customers? Or manipulate market rates to their advantage? Or cover up loss-making trades in order to buy time to move their trading book back into profit again? Probably a whole series of factors, I imagine. But in the financial services sector there is a common thread running through all of these recent ...
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Perfect Storm Sparks Massive Nikkei Sell-Off
A perfect storm of yen strength, a spike in Japanese government bond yields and new evidence of weakness in China's economy were behind a major sell-off Thursday in Japan's equity markets, said experts. The ...
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Microsoft Surface Pro review a device of many talents
mystery press conference in Los Angeles on 19 June last year. Indeed, it was something of a shock, because for the first time, Microsoft was competing against its biggest customers: Windows PC suppliers such as Acer, Asus, Dell, HP, Lenovo, Samsung and ...
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Spains CaixaBank Mulls Sale of Part of Inbursa Stake
Spanish lender CaixaBank SA (CABK.MC) said Thursday it is considering the sale of about half of its current 20% stake in Mexico's Grupo Financiero Inbursa SAB de CV (GPFOY) in the Mexican and international markets.In a regulatory filing, CaixaBank said no final decision has been made on the potential deal and this will depend on market conditions.CaixaBank didn't provide any detail on ...
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Lloyds Banking Places 77 Million Shares of St Jamess Place at GBP5.80Share
Lloyds Banking Group PLC (LLOY.LN) Thursday said 77 million shares of St James's Place PLC (STJ.LN) have been placed at a price of 5.80 pounds per share, giving gross proceeds of GBP450 million.MAIN FACTS:-Will realise a gain on sale of GBP40 million.-Placing will increase the Group's core tier 1 capital by GBP40 million, equivalent to an approximate 1 basis point benefit to its core ...
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Fee income boosts S.Africas Investec FY earnings by 18 pct
Thu May 23, 2013 3:04am EDT JOHANNESBURG May 23 (Reuters) - South African investment bank and asset manager Investec reported an 18 percent rise in full-year profit on Thursday, boosted by strong income from fees and commissions. Investec, which is also listed in London, said diluted headline earnings per share totalled 30 pence in the year to end-March, compared with 25.4 pence a year ...
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Lloyds raises 450 million pounds from St. Jamess Place share sale
LONDON (Reuters) - State-backed Lloyds Banking Group said it had raised 450 million pounds from the sale of 15 percent of wealth manager St. James's Place to boost its capital.Lloyds said the 77 million shares had been placed at 580 pence per share, a 9.4 percent discount to its Wednesday closing price of 640 pence.After its previous sale of shares in St. James's Place in March, Lloyds ...
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Latam Africa surges ensure SABMiller profit growth
BRUSSELS (Reuters) - SABMiller, the world's second biggest brewer, reported profit growth in line with expectations thanks to a surge in earnings in Latin America and Africa and said its markets should be broadly unchanged in the coming months.The maker of Grolsch, Peroni and Pilsner Urquell, said on Thursday adjusted earnings per share rose 11 percent to 238.7 U.S. cents in the year to the ...
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Futures Movers Oil drops below $94 on weak China data
LOS ANGELES (MarketWatch) -- Weak Chinese manufacturing data and a drop in Asian stocks helped send oil futures lower in electronic trade ...
Mexico City Feature Story
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Mexico City launches eco-friendly and cash friendly project
Mexico City has joined a global movement that has taken many major city municipalities by storm in recent years, the eco-friendly movement of bicycle-sharing. The city joins the ranks of Montreal, Paris, Barcelona and many other major cities across Europe and the world, such as Beijing in China and Melbourne in Australia. The scheme, once rolled out in its entirety, is expected to play a part in relieving some of the burden on Mexico City’s streets.
Mexico City, the largest and richest city in Mexico, is also one of the worst for traffic jams. A recent study by IMB, the IMB Commuter Pain Study, found Mexico City and Beijing to be the two worst cities in the entire world for traffic jams, ours are among the longest and most frequent with the city getting a score of 99 out of 100 on the commuter pain index, this compared to Stockholm, which scored 15. Read more
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