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Greece to sell Postbank Proton in July stress-test big banks
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection ...
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MARKET SNAPSHOT Stock Rallys Breadth Is A Sign Of Strength Froth
The S&P 500 Index (SPX) rose 2.1% last week to close at a record of 1,667.47 Friday, its 16th record close this year. Similarly, the Dow Jones Industrial Average (DJI) rose 1.6% on the week to 15,354.40, its 21st record of the year. The major benchmarks, including the Nasdaq Composite (RIXF), have made a nearly unchecked 16%-17% gain for the year.It's not just the indexes that are ...
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Stocks to Watch Stocks to watch Campbell Soup Qihoo
SAN FRANCISCO (MarketWatch) -- Expectations are running high for Campbell Soup going into the food company's earnings report Monday ...
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Market Snapshot Stock rally’s breadth is a sign of strength froth
"The bulls don't have to try too hard because previous bearish forces are adding fuel to the fire, propelling the market higher," Wilkinson ...
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Sir Mervyn King dont demonise bankers
Mervyn King said on Sunday that the failings of the financial and regulatory system were the root cause of the turmoil which struck the world economy almost six years ago.King, who leaves the Bank this summer, told Sky News's Murnaghan programme that there was widespread risk-taking in the runup to ...
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Bank of Englands King sends message to successor Carney
Bank of England Governor Mervyn King speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, ...
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Microsoft to announce new Xbox
DURANGO, Infinity, 720, whatever the name, it seems clear Microsoft will launch the next generation Xbox console on May 21. It's been nearly eight years since the Xbox 360 was launched and while it's had its ups and downs, there can be no doubt it's one of the most successful game consoles of all time. Microsoft has remained tight lipped on the mere existence of a new console and, ...
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Shell Had Lobbied against Tighter Regulation - Report
Royal Dutch Shell PLC (RDSA, RDSB, RDSA.LN, RDSB.LN) last year argued against proposed European rules designed to tighten scrutiny of commodity markets, according to documents obtained by the Sunday Telegraph.Last week, European regulators conducted probes of oil companies, including Shell, BP PLC (BP, BP.LN), and Statoil ASA (STO, STL.OS), as well as Platts, a price-reporting agency. EU ...
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EU decision to lift Syrian oil sanctions boosts jihadist groups
oil sanctions in an effort to aid the opposition has accelerated a scramble for control over wells and pipelines in rebel-held areas and helped consolidate the grip of jihadist groups over the country's key resources.Jabhat al-Nusra, affiliated ...
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The Irish Times Timidity in turbulent economic times
The newspaper was first published on March 29, 1859 on a thrice weekly basis. Daily publication began on June 8, 1859. The current editor of The Irish Times terms his daily publication "a newspaper of reference," in place of the label "newspaper of record," which has been made redundant in the Internet age. However, while the appetite to take on the forces of social ...
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Exclusive South Africas NUM seeks 15-60 percent wage hikes from gold coal producers
JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said on Sunday it would seek pay hikes of up to 60 percent from the country's gold and coal producers in upcoming wage talks which are expected to be among the toughest ...
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Should You Pay Off Your Exs Credit Cards
and you are flailing in the icy waters of the North Atlantic, the banks are not rescuers, they're sharks. In other words, divorces can get messy -- sometimes really messy -- and it should come as no surprise that money is often at the root of the problem. Getting through the divorce is hard enough, but the money problems don't always end when the papers are signed. In fact, joint ...
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BoE governor King warns of euro risk to British recovery
Governor of the Bank of England Mervyn King speaks to employees during the opening of the Prudential Regulation Authority, in central London April 2, ...
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BOEs King More Needs to Be Done for U.K. Recovery - TV
More needs to be done to secure the U.K.'s economic recovery, Bank of England Gov. Mervyn King said Sunday."We are seeing a recovery. It's only a modest recovery, and we certainly can't be satisfied with it," Mr. King said in excerpts of an interview to be broadcast on Sky News at 0900 GMT.He added policy makers need to do more to drive recovery and ensure idle resources ...
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Abuse of women and children – even nice guys are guilty of looking away
Suzanne Moore leads a phalanx of angry women with a lot to say about the flood of abuse cases, but men have signally failed to rise to the ...
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Microsoft to launch new Xbox game console this week
Microsoft Corp is set to make a splash this week with the eagerly awaited unveiling of its new Xbox game console, eight years after the last version, as it seeks a larger share of the $65 billion a year global computer gaming industry.But the small device faces some big competition from the PlayStation 4 by Sony Corp and the Wii U by Nintendo Co Ltd in a shifting market.Gamers are gravitating to ...
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Independent Scotland open to Cyprus-style bank risks says Britain
Reuters © Scotland's Finance Secretary John Swinney gestures during his draft budget address in the debating chamber of the Scottish Parliament in Edinburgh, Scotland September 20, 2012. REUTERS/David ...
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Winning ticket for 590-mln-dollar Powerball jackpot sold in Florida
The winning ticket was sold at a supermarket in Zephyrhills, Florida. No further details on the lone winner was available. The numbers drawn Saturday were: 10, 13, 14, 22 and 52 with a Powerball number of ...
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Kuwait replaces oil officials at KPC after $2.2 billion Dow payment
KUWAIT (Reuters) - State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in damages to Dow Chemical Co ...
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Microsoft holds NGOs Connection Day in Accra
The event organised on the theme, "Technology for Social Good" was to help NGOs harness the power technology in the delivery of their social ...
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Microsoft poised to invest in promising ICT experts in Ghana
Accra, May 18, GNA - Microsoft is poised to invest in the young and promising Information Communication Technology (ICT) experts who are willing to transform Ghana through the power of ...
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Green Deal debt may have to be repaid before property sold
energy efficiency improvements in their home with no, or little, upfront cost; instead, these are funded by a loan repaid through their electricity bill.Crucially, the "golden rule" of Green Deal is that you should not pay back more in loan repayments than you are saving on your energy bill - but this can mean that, depending on the cost of the improvement, you could be making loan ...
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Market to take cues from FIIs inflows corporate earnings
Fifteen touch-screen smartphones to consider below Rs 15,000 Within the huge list, we take a look at fifteen touch-screen smartphones that have been ...
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Weak yen helps drive Japan earnings but no cure-all
Japan's earnings season has drawn to a close with the sharply weaker yen helping inflate profits at some of the nation's top exporters, but, warn some commentators, the drop is not all good news. Sony booked its first annual profit in five years, Toyota more than tripled its earnings in the fiscal year to March and the head of rival automaker Nissan hailed the taming of the currency. ...
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Fed up with ben
"We don’t have to worry about a recession - we are in a depression," says James Rickards."If you take the classic definition of a sustained, long-term downturn with economic growth below trend, then we are in the midst of a depression," says the senior managing director of Tangent Capital and author of "Currency Wars."Rickards doesn’t see Fed Chairman ...
Mumbai Digest
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Mumbai taxis to be better ambassadors of the city
Taxi drivers in Mumbai are going to be educated on the finer points of etiquette, according to Mumbai news reports, and the local government insists this will improve tourism and local transport in the city and wider state.
All residents of Mumbai know that their city is the largest in India, the richest by GDP in South and Central Asia and the second biggest city in the world by population. It is the economic powerhouse of the country and is advanced to a world-class level in many ways, such as the Bombay Stock Exchange, the oldest in Asia, major development initiatives such as Nairman Point and the location in Mumbai of five Fortune 500 companies. Read more
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