Good news from Davos.
This week, around 1200 CEOs from 69 countries joined together in the Swiss mountains, for the annual Davos Forum of key corporate leaders.
A study of the group by PwC has found there to be a renewed confidence level approaching... read more »
Jan 28, 2011 3:13 pm / no comments
Rio Tinto moves.
The ongoing takeover saga with Riversdale Mining looks a step closer to being resolved – following Rio Tinto’s $3.9 billion bid appearing to gain the nod from the largest shareholder, Tata Steel.
The other potential... read more »
Jan 28, 2011 11:38 am / no comments
US banks back in profit.
What a difference 12 months can make.
The previous year’s heavy contingency allowances for loan defaults drastically reduced banking profits in 2009.
However, over-provisioning has meant an extraordinary profit... read more »
Jan 26, 2011 12:18 pm / no comments
Asian Tigers poised.
The world’s current growth engine does need to address certain challenges moving forward.
Since mid-2009, foreign investors have favoured Asian stock markets with over $US120 billion – given the region strong recovery,... read more »
Jan 24, 2011 2:13 pm / no comments
The big question.
With its booming economy, India is shaping to become the #2 driver of growth – for the world in general and Australia in particular – provided it can break free from its burden of bureaucracy and scandal.
Economists all... read more »
Jan 21, 2011 4:51 pm / no comments
Flooded Queensland mine.
While the devastating floods in Australia may appear to be a local issue, its impact could be felt worldwide.
For example, any halt to supply due to water-logged mines will have a direct impact upon the price of coking... read more »
Jan 21, 2011 12:21 pm / no comments
Shenzhen - Thriving metropolis.
Don’t allow China’s recent swift measures taken for curbing inflation to spook you into thinking they will adversely impact upon global growth.
Sure, the authorities have raised interest rates and... read more »
Jan 21, 2011 10:57 am / no comments
HMS Ark Royal.
With both countries under pressure to curb unnecessary expenditure, Australia’s defence Minister (Stephen Smith) has proposed a sharing of the costs for expensive defence projects, with the United Kingdom.
Talks have just... read more »
Jan 19, 2011 6:05 pm / no comments
Tax havens revealed.
Cayman Islands’ tax havens for the rich and famous are about to be exposed.
WikiLeaks is planning to release information on some 2000 cross-border bank accounts for prominent business and political leaders – details... read more »
Jan 19, 2011 2:13 pm / no comments
Facebook back down.
Its not even a week since Goldman Sachs started inviting its high net-worth US clients to invest $1.5 billion into Facebook.
And already, it seems the fear of adverse scrutiny from regulators has forced Goldman to withdraw... read more »
Jan 19, 2011 12:36 pm / no comments
Cowen toughs it out.
Opinion polls following Ireland’s $US113 billion bailout and agreed austerities measures show that (Irish Prime Minister) Brian Cowen’s personal popularity has plummeted to 10%. And at 15%, his Fianna Fail party... read more »
Jan 18, 2011 11:03 am / no comments
Tunisia in turmoil.
Saudi Arabia Has provided Tunisian President Zine El Abidine Ben Ali and his family with a safe haven, having fled his country following violent protests, after his 23 years in power.
Realising the mounting anger throughout... read more »
Jan 17, 2011 3:56 pm / no comments
Murdoch & Jobs' new venture.
This week will see a brand-new newspaper launched in the US, as The Daily. And it has been designed and created specifically for the iPad.
Both Steve jobs and the publisher, Rupert Murdoch, will be attending... read more »
Jan 17, 2011 2:56 pm / no comments
China & US Presidents to meet.
President Obama is looking for every piece of good news he can gather, to bolster his second-term chances for re-election.
So far, the economic situation has been consistently improving; and he has also enjoyed... read more »
Jan 17, 2011 11:24 am / no comments
Devastating Queensland floods.
Things remain extremely desperate in south-east Queensland with rising floodwaters engulfing tens of thousands of homes – with many others being left without power, food or freshwater.
Downtown Brisbane itself... read more »
Jan 13, 2011 1:03 pm / no comments
US trade with China.
Foreign currency reserves held by China had topped $2.85 trillion by the end of last year . More than what is held by any other country in the world.
As a result, China’s central bank has been selling bills and has... read more »
Jan 13, 2011 12:23 pm / no comments
Strategic move into Europe.
Britain’s largest private company, Ineos Group, has just finalised joint-venture with PetroChina, as part of a global expansion plan by both parties.
The joint venture will refine and sell oil products from... read more »
Jan 13, 2011 10:41 am / no comments
Tiffany's vs. Wal-Mart.
With a strong economic performance during the last two months of 2010, America would appear to have now moved out of recovery mode into a long-awaited growth phase.
Retail sales and employment numbers have all reported... read more »
Jan 12, 2011 10:30 am / no comments
Stronger greenback.
According to a survey of 68 top foreign-exchange forecasters by Bloomberg News, the US dollar is expected to strengthen against the euro, the yen and the pound.
According to head strategist (Nick Bennenbroek) at Wells Fargo... read more »
Jan 11, 2011 3:17 pm / no comments
Rural China to be the focus.
Last year, Shanghai overtook Singapore in the volume of container traffic – making it the world’s busiest port.
And no one could deny the contribution of China’s 4 trillion yuan stimulus package played... read more »
Jan 11, 2011 1:43 pm / no comments
Follow on Twitter
Subscribe by RSS
