BUSINESS

Europe: Downgrades Intensify Crisis

Despite the solid rebound in market confidence last week (well, up to Friday night in the US), the European debt problems haven't gone away.

Markets: Shares Fade In New York, Gold, Oil Hesitant

Despite a better than expected jobs report for September, Wall Street closed in the red on Friday after the credit rating warnings for Italy and Spain scared investors and downgrades for European and UK banks sent American bank shares sharply lower.
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France Plans to Utilize Bailout Fund in Recapitalizing Own Banks

One week before the Brussels Summit of European Union (EU) leaders for the Polish presidency from Oct. 17 to 18, the German and French governments remain divided on the matter of supporting unsteady banks in the continent and solving the debt problem that could lead to a Greek default.

Australian Stock Market - Closing 10/07/2011

The share market rally continued today, with local stocks gaining for the third session in a row. Investor optimism was boosted by strong gains in the US and Europe overnight after the European Central Bank announced new measures to provide cash strapped banks with liquidity.

Copper Prices to Recover in a Month

Copper prices are expected to rebound in six weeks. In a survey of 15 respondents by Bloomberg, 10 copper traders and analysts see the prices of the commodity growing by next week, while five others forecast a fall. The survey is the most bullish reading taken on the commodity since August.

Microsoft Denies Fresh ‘Halo’ Movie Rumor

A novel based on the popular xBox game Halo of Microsoft Studios is coming out for sure but its legions of fans would like a movie adaptation more. So it was not surprising that rumors of a Halo movie is circulating again in gaming circles after the latest press release on the book "Halo: Cryptum" by Greg Bear hinted a film adaptation coming in theaters next year.

Recession, not Apple, is Real Threat to Samsung

Samsung Electronics admitted in its third-quarter forecast Friday that its profit for the period may fall below expectations with slow sales of its flat-screen TVs and computer chips. But a booming smartphone and tablet business still produced a $3.5 billion profit.

Steve Jobs’s $1 Annual Salary – A Thought for Today’s CEOs

There is no doubt about it that the enigma behind Apple' success is Steve Jobs and his "methodology" that was described by his former nemesis John Sculley, Apple CEO from 1983 to 1993, as "different from everyone else's since he always believed the most important decisions you make are not the things you do, but the things that you decide not to do."

Less Leverage for Apple in Media Deals with Jobs’s Demise

Although the iPhone continues to be the best-selling smartphone globally and investors have not reacted negatively on Apple co-founder Steve Jobs's death, the most valuable company in the world may have less leverage when it comes to future media deals.

No End in Sight for Greek Bailout Talks

The “troika” composed of the European Union, International Monetary Fund and European Central Bank have been engaged in discussions since last week regarding the rescue package for Greece but no final decisions have been consummated until now.

Qantas Cancels, Delays Flights Despite Strike Cancellation

The Transport Workers Union (TWU) canceled the two-hour strike scheduled on Friday as a "significant gesture of good faith." However, their move apparently failed to appease both the passengers and Qantas because flights had already been canceled and delayed.

Aussies before Migrants on Filling Skills Shortage - Gillard

Prime Minister Julia Gillard says Australian workers, not migrants, should be prioritized in filling employment requirements. For his part, Jobs Minister Chris Evans warned against reducing skilled migration numbers as this could affect pace of work at the industry, noting jobs are "moving north and west" and there are some areas which are "doing it tough".

Jobs’s Death Boosts Sales of Apple Products

Investors and consumers reacted differently to the Wednesday death of Apple co-founder Steve Jobs. While investors in stock markets let go of the Apple shares after the news of his demise. Consumers, on the other, hand snapped up more of the Apple gadgets.

The tax summit's super challenge

Summits are there to be climbed. But there is no doubt when it comes to tax summits a lot of preparation, planning and public debate is required before anything resembling success looms into sight.

Gold Still Shines

By Greg PeelThe number of times gold has suddenly accelerated well above its underlying trend line over the past few years, and "gone parabolic" as they say, and then sharply fallen back again are becoming too many to count.

Australian Stock Market Report - Overview 10/07/2011

Australian shares leapt the most in almost three years as investor sentiment improved on renewed optimism a solution is near at hand for the Eurozone debt crisis. The local market opened more than one per cent stronger after Wall Street surged for its second straight day, then eased slightly after midday but soared in the last hour of trading. By the close, the benchmark S&P/ASX200 index had reached its highest level since September 21, rising 143.4 points, or 3.65 per cent to 4,069.9 and the br...

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