Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Read More: S.African rand firmer after Nedbank/HSBC news – Reuters
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AFP – US private equity giant Blackstone Group has signed a deal to make its first major investment in China’s booming housing market, a report said Monday.
Read More: Blackstone signs first major China housing deal
(AFP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – Potash Corp has been contacted by China’s Sinochem Group and Brazil’s Vale (VALE5.SA) as the Canadian firm battles a hostile $39 billion takeover offer from BHP Billiton , Bloomberg reported on Monday.
Read More: Sinochem, Vale approach BHP target Potash Corp: report
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AP – So much for virtue. Sin is in.
Read More: Fund manager finds plenty of virtue in sin stocks
(AP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
U.S. News & World Report – Your credit card is about to become more consumer-friendly. The Credit Card Accountability Responsibility and Disclosure Act of 2009 authorized the Federal Reserve to implement new rules regulating the credit card industry. Many of these rules took effect on February 22, 2010, including 45 days notice for interest rate hikes, restrictions on getting a credit card under age 21, and the elimination of double cycle billing.
Read More: New Credit Card Rules Tackle Fees, Rates
(U.S. News & World Report)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – Women’s clothing retailer AnnTaylor Stores Corp said quarterly sales rebounded at its namesake stores and it was able to sell more merchandise at full price, sending shares up 2 percent.
Read More: Spruced-up work clothes lure shoppers to Ann Taylor
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
BusinessWeek – The Graduate Management Admission Test (GMAT) is about to undergo its biggest makeover in more than a decade, and test prep companies are gearing up to help students get ready to take the radically redesigned exam.
Read More: GMAT Test Prep: Changes on the Way
(BusinessWeek)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – Beverage giants SABMiller and Asahi Breweries (2502.T) are looking at Foster’s Group’s beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said.
Read More: SABMiller and Asahi eye Foster's beer unit
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – Japanese shares extended losses on Monday amid worries a strong yen would derail the fragile economic recovery, while the Australian dollar recovered after falling to a one-month low on inconclusive weekend elections.
Read More: Japan stocks slip on yen worries
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AFP – Pakistani authorities evacuated tens of thousands from flood-threatened areas in the south on Sunday but insisted that the 2.5 million people of Hyderabad were safe from the nation’s worst-ever inundation.
Read More: Pakistan evacuates thousands in flooded south
(AFP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AFP – Indian carmaker Mahindra and Mahindra said Monday it would use its purchase of South Korea’s Ssangyong Motor to become a global player in the sport utility vehicle market.
Read More: India's Mahindra vows to become global SUV player
(AFP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – The war that has erupted between Barnes & Noble Inc’s two largest shareholders over control of the bookseller is putting a wrench in its plans to sell itself and could make the retailer less appealing.
Read More: Barnes & Noble proxy war and earnings complicate sale
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – Regional German governments and politicians from Chancellor Angela Merkel’s coalition parties are joining protests against planned austerity measures, media reported on Saturday.
Read More: New voices join calls to relax German budget cuts
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – American International Group’s aircraft leasing unit ILFC repaid nearly $4 billion of U.S. loans after raising new debt from investors, a source familiar with the matter said on Sunday.
Read More: AIG's ILFC unit repays nearly $4 billion of U.S. loans
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AFP – European stocks fell on Friday despite takeover news in the energy sector as investors shunned risky assets after more weak US economic data dented confidence in the global recovery.
Read More: European equities slip on US economic woes
(AFP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AP – Oil prices rose above $74 a barrel Monday in Asia as Tropical Storm Danielle in the Atlantic threatened to become a more potent storm, providing a reminder that hurricane season can disrupt crude production in the Gulf of Mexico.
Read More: Oil rises above $74 in Asia amid hurricane risks
(AP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Reuters – With Wall Street limping along through the summer doldrums, investors say they will remain on guard for more deterioration in what’s expected to be a light-volume week.
Read More: Investors defensive with data in focus
(Reuters)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
AP – Nearly half of the 1.3 million homeowners who enrolled in the Obama administration’s flagship mortgage-relief program have fallen out.
Read More: Nearly 50 percent leave Obama mortgage-aid program
(AP)
Posted under Business on Sunday, August 22nd, 2010 at 11:25 pm
Fast Track has some handy haggling tips for bagging a bargain abroad
Read More: How to haggle while on holiday
