Result Page 284 for Latest Business News & Archive

Japan: Still the World's Top Creditor Nation for 21 Years

Japan has retained its position as the world's top creditor nation in 2011, a title it has held on to for the past 21 years.

World Bank: Slowing Chinese Economy Drags Down East Asia

While China's economy is still booming compared with other world economies, the World Bank has once again cut China's growth forecast to 8.2 percent.

The Overnight Report: Feeling Weary

By Greg PeelThe Dow closed up 33 points or 0.3% while the S&P gained 0.1% to 1320 and the Nasdaq lost 0.

Opposition Blames Carbon Tax for Closure of Hunter Valley Smelter

Although operators of the soon-to-be shuttered smelter plant in Hunter Valley cited the high Australian dollar and weak prices in the international market for aluminium as the short-term reasons why it would close its Kurri Kurri facility, the Opposition seized the closure of the plant to blame again the carbon tax for the economic woes of companies in Australia.

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Android ICS Update: List of Smartphones with Android ICS Soon!

The latest Android version which is known as Android 4.0 or Android ICS (Ice Cream Sandwich) is something that Android users have been waiting for a long time now ever since it was announced to the public. Though Android ICS was already announced 6 months ago, not all smartphones have been updated to the latest Android version.

Why Sooner or Later in Europe Someone Will Have to Pay

Let the recriminations begin! And then the show trials!

Adverse Market Conditions Forces Brightsource Energy to Back Off from its IPO

Brightsource Energy has abandoned its IPO. Citing adverse market conditions stemming from a lack of public interest/funding in greentech solar companies, the company withdrew its plans to become listed and offer shares on the NASDAQ last month.

Hyundai Kia Automotive Group: Humble Beginnings to Global Prominence

The rise to prominence in the automotive industries for Hyundai KIA Automotive Group (HKAG) was capped by the acquisition of Kia Motors in 1998.

Greeks Run on Banks as Euro-Confidence Wanes

In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece.

In Spite of BHP, Union Talks Resumption Coal Miners’ Strike Continues

Coal miners employed by the BHP Billiton and Mitsubishi alliance made good their threat to strike on Thursday as over 3,000 started their week-long industrial action.

NT Tourism at Risk with Cutback of Qantas, Jetstar Services

Besides Qantas aircraft maintenance engineers who were at the receiving end this week of Chief Executive Alan Joyce's ax, another victim to the announced revamp of the flag carrier would be the tourism sector in the Northern Territory.

The Overnight Report: Lazarus Would Be Proud

By Greg PeelThe Dow closed down 6 points while the S&P closed up 0.2% to 1318 and the Nasdaq gained 0.

Apple's iPhone 5 Rumors and Possible Release Date

Rumors about Apple's new iPhone 5 are circulating the web as many people are setting high expectations about this new offering from Apple. Aside from possible specifications and features, rumors about the possible release date are also spreading like wildfire in the Internet.

World Bank: Australia Should Brace for More Economic Backlash from China Slowdown

The World Bank has picked on Australia for its over-dependence on its resource exports to China, which could eventually hamper growth in the Asia-Pacific Region to 7.6% this year.

Steve Ballmer: New Windows 8 Was Designed to Dominate

Microsoft is all set to deploy a re-engineered Windows system on its new Windows 8, which replaces the highly successful Windows 7.

Revenue Pressures Cause Aussie Banks to Lower Lending Standards for Home Loans

Credit Suisse, in a new report released on Wednesday, warned Australian banks not to lower their lending standards for home loans to make up for the flat growth of lending across the banking industry,

NAB Blames Battle for Deposits for High Mortgage Interest Rates

National Australia Bank (NAB) Chief Executive Cameron Clyne blamed on Wednesday the battle for deposits among Australian lenders for the high mortgage interest rates in the country. In effect, he belied claims by the other banks that the European crisis, which caused wholesale funding cost to rise, is the culprit.

What's Next for Qantas?

The Qantas Monday announcement of the closure of the air carrier's Tullamarine Airport maintenance facility was just the tip of the iceberg. On Wednesday, Qantas Chief Executive Alan Joyce made an even bigger announcement of more revamps in the company.

Airlines See Profits in Shipping Animals in Cargo Holds

From pandas to thoroughbreds, flying animals and wildlife is big business. But there is a dark side.

Growth to be Bigger Priority in China: Jiabao

Chinese Premier Wen Jiabao has called for stimulus policies that would boost the nation's slowing economic prospects.

China Allowed to buy U.S. Government Debt Directly, Wall Street Dealers Bypassed

The United States has allowed China to purchase government debt directly from the Treasury Department.

Ukraine’s Unexpected Rise in House Prices, Amidst Economic Slowdown and Political Tension

House prices in Kiev, Ukraine’s capital, rose sharply during the year to April 2012. But market experts doubt this can be sustained, with the economy slowing, and a political crisis over the incarceration of former prime minister Yulia Tymoshenko.

The Overnight Report: Greek Dance

By Greg PeelThe Dow closed down one point while the S&P was flat at 1316 and the Nasdaq fell 0.3%There are all sorts of troubles in Tech Land, with the Nasdaq last night's worst performer following Monday's big Apple-led rally.

Yahoo! Exec. Pleads Guilty to Insider Trading

The U.S. Securities and Exchange Commission on Monday charged a former executive at Yahoo! Inc. and a former mutual fund manager at a subsidiary of Ameriprise Financial Inc. with insider trading on confidential information about a search engine partnership between Yahoo and Microsoft Corporation.

Motorola Now a Google Unit: What's Next for Android?

The corporate marriage between search giant and Android developer Google Inc. (NASDAQ: GOOG) and former mobile phone leader Motorola Mobility Holdings Inc. (NYSE: MMI) closed is now official.

Chinese Group Buys Majority Stakes on a Leading Cinema Chain in U.S.

China appears to be heading Japan's way as a Chinese conglomerate revealed on Monday a $US2.6 billion deal that would give the group majority ownership of AMC Entertainment Holdings, one of the biggest operators of cinema complexes in the United States.

Coalition Dismisses Reports: No Tax Revisions for Global Tech Firms in Australia

The Coalition has downplayed reports that its likely win in next year's general elections would lead to a federal government that is not tax-friendly with tech titans maintaining local operations in Australia.

New Study Points to Apple as World’s Most Valuable Brand

Arguably, Apple tops the list as one of the leading global companies, with its products desired by millions around the world, and a new study not only affirmed that stature but also crowned the American firm as the most valuable brand over the past 12 months.

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