Latest Breaking Business News
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World Bank watching Fed ready to respond
LONDON (Reuters) - The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on ...
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More gold investors think cost inflation has peaked
Investors are growing more bearish on the prospects for gold, as a recent survey by J.P. Morgan points out that only 44% of respondents now think bullion will move higher in the next 12 months. While that marks a sharp decline from 71% last year, investors are still bullish for the long term, with 60% of them anticipating gold will rise in the next three years. Analyst John Bridges pointed out ...
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Your preview to the most anticipated Fed announcement in a long time
The whole world has been anxiously waiting for this moment. The Federal Reserve will wrap up its 2-day Federal Open Market Committee (FOMC) meeting on Wednesday. At 2:00 PM ET, it will publish its FOMC statement as well as an update to its economic forecasts. Then at 2:30 PM ET, Fed Chairman Ben Bernanke will hold a press conference, which will include a Q&A with economics ...
More Breaking Business News
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New Bank of Canada chief expected to signal low rate to stay in public debut
Bank of Canada Governor Stephen Poloz will probably use his first public speech since taking office Wednesday to stress that rebuilding business investment is a key challenge, suggesting he won't tighten monetary policy ...
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Housing crash wouldn’t hurt Canadian banks at first
Canadian banks are well positioned to absorb credit losses arising from a housing downturn in the country, say analysts, but a collapse could have knock-on effects that will dampen future earnings growth and potentially have negative long-term implications for "Big 6" investors. "While a ‘hard’ landing for domestic housing, including a sustained decline in selling ...
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Avoid social media slipups the Dunkin Donuts way
(MoneyWatch) It's increasingly common to see businesses suffer at the hands of some social media faux pas. It can come in many forms, from having ...
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How to find hidden gems in real estate
(MoneyWatch) The watchword in the real estate world comes in triplicate: location, location, location. That adage can really work against you as a home buyer, particularly in today's seller's market. Homes in the most desirable locations in any city are snapped up within days of going on the market -- and at increasingly high prices. "We're already seeing multiple offers ...
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Halfway through the year halfway to success
(MoneyWatch) Christmas seems is a time from now, but the end of June brings us halfway through the year. It's a good time to take stock of where you stand on your annual goals -- those things you'd like to say in a year-end performance review you'd give yourself. Are you on track? Reviewing my own list, I find I'm doing well on some things. I finished a draft of a novel. ...
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Look who doesnt deserve financial aid at NYU
Commentary:(MoneyWatch) Last summer I met a woman who decided, along with her husband, to sell their home so that her daughter could attend New York University. The family concluded that this enormous sacrifice was worth it so her daughter could major in theater at a school near Broadway. I was stunned when I heard the woman confess to giving up the family home so they could afford to send their ...
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Microsoft slashes Surface prices to lure buyers
MSFT ) has seen a run of poor financial results in recent years as a result of bad management choices. That seems to include the company's answer to the iPad, the Surface, which already seems to be sinking in popularity -- so much so ...
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Olympian Lolo Jones Paycheck Flap
(Image credit: Jeff Kravitz/FilmMagic/Getty Images) American Olympic hurdler Lolo Jones said she wanted to show how hard bobsled athletes work when she posted a six-second clip about her paycheck on social video sharing site Vine. In the video, Jones, 30, shows her paycheck of $741.84 from her season with the USA Bobsled and Skeleton Federation, dated June 10. She says in ...
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Big Boost for GM and Ford in China
Morning Business Memo … Both Ford and General Motors are revving up production in China – now the world’s largest car market. GM has started work on a new Cadillac factory as it targets China’s lucrative luxury segment. The carmaker says it hopes to triple Cadillac sales to 100,000 units by 2015. It also wants to quadruple its share of China’s luxury car market to ...
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Microsoft office goes cloud to join cloud war with Google Docs
The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office ...
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Air France-KLM orders 25 wide-body Airbus A350s
Visitors walk among planes displayed at the 50th Paris Air Show at Le Bourget airport, north of Paris, Wednesday June 19, 2013. Visible at foreground is a Bombardier Global 6000 jet.(AP Photo/Remy de la ...
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Markets steady as investors ready for Fed
The central bank wraps up a two-day policy meeting later Wednesday and investors are looking to see if policymakers are moving towards any change in its monetary policy stance. The Fed's strategy of super-low interest rates and easy money over the past few years has been designed to shore up the U.S. economy. It has also helped drive sentiment in the ...
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Atul Singh Coca-Colas new deputy president Pacific Group
New Delhi, June 19 : Atul Singh, Coca-Cola's president and CEO (India and Southwest Asia), will take over as deputy president (Pacific Group) from July 1, the company said ...
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US STOCKS-Futures little changed as Fed statement looms
Wed Jun 19, 2013 7:42am EDT * Fed statement, news conference in focus * Adobe shares up after results * Futures: Dow up 16 pts, S&P off 0.6 pt, Nasdaq up 4 pts NEW YORK, June 19 (Reuters) - U.S. stock index futures were little changed on Wednesday following two days of gains ahead of a highly anticipated Federal Reserve statement and news conference. * The Fed will release a policy statement at ...
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Supreme court quashes Iran bank sanctions and criticises secret hearings
Supreme court president, Lord Neuberger, said: 'Having held a closed hearing, it turned out that there had been no point in the supreme court seeing the closed judgment.' Photograph: David Levene for the ...
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Ed Balls calls for reform to curb bankers recklessness – video
The shadow chancellor, Ed Balls, says a report on banking standards shows the sector needs to change to dissuade bankers from 'reckless misconduct'. The report by the parliamentary commission on banking standards, suggests a new law to jail careless bankers and a 10-year delay on receiving ...
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AstraZeneca suffers diabetes drug disappointment
has suffered another drug trial setback.Its diabetes drug Onglyza, developed with Bristol-Myers Squibb, failed to reduce heart risks or strokes in a large scale clinical trial. Despite investor hopes, the Savor trial showed the drug was no better than placebo or standard treatments.Panmure Gordon analyst Savvas Neophytou issued a hold recommendation on the shares, which have dipped 2.5p to ...
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Ocado climbs on talk of possible interest from Amazon
reports that Boots and Amazon may be interested in Ocado.The Amazon suggestion, which is not completely out of the blue, comes from Cantor Fitzgerald. US analyst Youssef Squali said Amazon should buy Ocado, or at least consider a joint venture, as it begins its food delivery service in the US.Ocado's shares, which have been on the rise in recent months, have added another 2.7p to ...
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Markets Markets wait for Federal Reserve policy meeting
Conall Mac Coille, chief economist Davy, commented -- "US indices rose on Tuesday, benefitting from a rebound in housing starts to 914,000 in June. The S&P500 rose 0.8%. But a rise in the German ZEW investor sentiment was not sufficient to buoy European markets - the Euro Stoxx 50 fell 0.1%. Ahead of the Fed's policy decision this evening, the minutes of the Bank of ...
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Microsoft Samsung HP join to stop Windows piracy
IDG News Service - Hewlett-Packard and Samsung Electronics will now ensure that their PCs in China are installed with licensed Windows and Office software as part of new agreements signed with Microsoft meant to fight ...
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The Real Reason Fed Will Taper Pro
Noted Nomura bear Bob Janjuah believes he knows the reason why the Federal Reserve will begin pulling back its easing program, and it's not about unemployment, inflation or anything else directly related to the economy. Instead, he believes the central bank is worried that it is creating an asset bubble that will only get worse if it keeps following the current ...
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Fed Likely to Keep Options Open on Bond Buying
Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options open to scale back the program later this year if the U.S. labor market continues to improve. Economic data since the 19 officials met in May has been mixed. Employment growth was steady and consumers kept spending despite the drag of tax ...
Mexico Feature
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Mexico has more to it than drugs and immigration
As Mexico’s image suffers damage abroad due to increasing levels of violence related to the drug crack-down by government, it may be helpful for Mexicans to remember that there is more to their country than drugs and immigration problems with the US. Some facts may be surprising and even shocking, especially to foreigners.
Mexico has been in the news frequently of late as the government carries out a crack-down on drug cartels and organized crime, the country’s murder rate is up, journalists have been killed for investigative reporting on drug gangs and our image internationally has generally been diminished by the tunnel vision of international news providers. Read more
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