Business and Finance News
- U.S. stock markets close in positive territory
The Asia News.Net
U.S. equity markets had a rare up day Wednesday with all indices finishing in the black.
- Fannie Mae fights back but loses executives
The Asia News.Net
Mortgage finance giant Fannie Mae has made changes to its executive ranks, after investors appeared less certain a government bailout of the company might be imminent.
- Durable goods statistics improve in US
The Asia News.Net
New orders for long-lasting US manufactured goods rose by a surprise 1.4% in July, led by a big increase in civilian aircraft sales.
- Bangladesh scientists turn waste into oil
The Asia News.Net
Scientists in Bangladesh have developed ways to produce petroleum from degradable organic municipal waste and are now studying its feasibility before going to commercial production.
- Qatar National buys stake in Dubai bank
The Asia News.Net
Qatar National Bank has bought 24 per cent of Dubai's Commercial Bank International for US$302 million.
- Japanese cars picked up across the board
The Asia News.Net
Strong demand has improved global sales for Japanese cars.
- US dollar once again in decline
The Asia News.Net
The dollar has lost ground against the euro, a day after hitting a six-month high against the single currency.
- Oil prices rise due to hurricane
The Asia News.Net
Oil prices rose to above $117 a barrel Wednesday on concerns that Tropical Storm Gustav may disrupt operations in the Gulf of Mexico.
- PetroChina profit down dramatically
The Asia News.Net
PetroChina's first-half net profit has fallen 34.5 percent.
- Fund manager may move out of UK to escape tax
Guardian
Asset management firm Henderson is poised to become the latest company to quit the UK to avoid corporation tax. Henderson said yesterday it was considering shifting its tax domicile to the Republic...
- Chemistry exam — hydrogen cars put to test
MSNBC
Tom Albert says driving his Chevy Equinox was like any other car — except for there are only two filling stations in Washington D.C., where he lives.
- Buy homes under repo threat, Lib Dems tell government
Guardian
The government should intervene to save families under threat of repossession by offering to buy their homes, the Liberal Democrats said yesterday. A scheme allowing struggling homeowners to sell...
- Origin expects earnings to keep growing
News.com.au
ORIGIN Energy, the focus of a $13.8 billion takeover from Britain's BG Group , has forecast further earnings growth this year after delivering a rise in annual profit.
- TNS vulnerable as German bid is scrapped
Guardian
Taylor Nelson Sofres has held talks with several potential bidders and plans to continue touting itself around the City over the coming weeks as the market research firm tries desperately to...
- Microsoft web browser that covers its tracks could hit Google’s advertising
Times Online
Microsoft’s latest internet browser includes a piece of software that allows internet users to hide the audit trail of websites they have visited. The InPrivate feature on Internet Explorer...
- Julia Raeside meets the entrepreneurs who triumphed after the Dragons
Guardian
Inventor James Halliburton has spurned £200,000 from Dragons' Den to market his novelty yacht key fob himself. He's one of the few to triumph after the TV judges' grilling. Julia Raeside talks...
- Quebec government sued for buying Microsoft software
CBC News
Quebec's open-source software association is suing the provincial government, saying it is giving preferential treatment to Microsoft Corp. by buying the company's products rather than using free...
- U.S. firms may use new accounting standards
Star Tribune
U.S. firms may use new accounting standards Federal regulators on Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial...
- Questions remain about future of Bratz line after $100M verdict for Mattel
Star Tribune
A three-month trial that pitted Mattel Inc. against Bratz-maker MGA Entertainment Inc. brought a $100 million jury award for the house of Barbie, but the legal battle is far from...
- Union piles pressure on Tesco through US supplier
The Independent
America's biggest food workers' union has stepped up its pressure on Tesco's US operation, by reporting its ready-meals supplier in the US to a labour-relations tribunal yesterday for the alleged...
- M&M may buy Italian bike firm
Times Of India
NEW DELHI: Mahindra & Mahindra is sniffing around for deals but this time it’s in the two-wheeler segment. The utility and tractor major, which recently picked up Kinetic’s two-wheeler...
- European stocks close mostly higher
The Daily Telegraph
EUROPEAN stock markets closed mostly firmer overnight, coming off early lows after much better-than-expected US durable goods orders data gave nervous investors a boost.
- Tokyo stocks open higher on Wall Street gain+
Breitbart
Kyodo)Tokyo stocks opened higher Thursday, with investors heartened by an overnight gain on Wall Street. In the first 15 minutes of trading, the 225-issue Nikkei Stock...
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