IBTimes Australia : Investment Topic

Red Cross Chief Warns Austerity Measures could lead to Widespread Rioting in Europe

Sun, 26 May 2013 02:59:31 +1000

Bekele Galeta has warned of "humanitarian consequences" of widespread unemployment.

Blackstone notifies Cohen's SAC it intends to pull money - pension consultant

Sun, 26 May 2013 01:49:03 +1000

Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc , the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

Aid groups urge EU to fulfil commitments to Palestinians

Sat, 25 May 2013 22:49:02 +1000

A group of 80 international aid agencies urged the European Union on Saturday to follow through on pledges it made last year to back Palestinian communities seen as vulnerable to Israeli settlement expansion in the occupied West Bank.

China's Li Keqiang Opposes EU Moves Against Telecom and Solar Firms

Sat, 25 May 2013 15:35:34 +1000

EU had accused Huawei and ZTE Corp of violating anti-dumping norms.

Wall Street posts first weekly loss since mid-April on Fed angst

Sat, 25 May 2013 06:49:02 +1000

The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy.

Wall Street on track for first losing week since mid-April

Sat, 25 May 2013 05:28:02 +1000

Stocks mostly declined for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.

Wall St. slips on Fed stimulus uncertainty; P&G jumps

Sat, 25 May 2013 03:28:02 +1000

Stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its stimulus measures to support the economy.

Wall St. drops on uncertainty about Fed stimulus

Sat, 25 May 2013 01:49:02 +1000

U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy.

Iceland's new PM rejects EU, but embraces EU economic goals

Sat, 25 May 2013 01:21:03 +1000

Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said.

Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

Sat, 25 May 2013 00:56:03 +1000

Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.

News Corp's publishing business to initiate stock buyback

Sat, 25 May 2013 00:00:02 +1000

News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away.

GBP/USD Trading at Falling Channel Resistance

Fri, 24 May 2013 22:58:10 +1000

Falling Channel: GBP/USD has been trading in a falling channel since retreating from 1.56 at the beginning of May. This channel anchored below a rising channel and price has fallen to a previous pivot around 1.5025. This is below 61.8% retracement of the previously broken rising channel. As we get into the last session of this week, GBP/USD has rallied above 1.51 to about 1.

Euro Fails to Breakout as ECB Fires Warning Shot- H&S in Tact

Fri, 24 May 2013 22:50:17 +1000

The Euro climbed to an overnight high of 1.2992 as Germany's IFO Business Confidence survey advanced to 105.7 from 104.4 in April to mark the first rise in three-months, but we're seeing the EURUSD struggle to breakout of the range from earlier this week as European policy makers maintain a cautious outlook for the region.

Raiffeisen CEO quits over offshore deals

Fri, 24 May 2013 22:28:03 +1000

Raiffeisen Bank International Chief Executive Herbert Stepic resigned on Friday in what he called an effort to spare his bank from negative publicity over personal property deals that triggered scrutiny by the lender and regulators.

The next phase of Abenomics

Fri, 24 May 2013 22:21:04 +1000

The first phase of Abenomics, which started at the end of 2012, involved stimulating the economy and expanding the monetary base to JPY 270 trillion, resulting in a sharp drop in the JPY and a large boost for the Nikkei. However, the events of the last few days have caused this relationship to break down.

Vince Cable: UK’s Biggest Banks Talk ‘Absolute Nonsense' on SME Lending Demand

Fri, 24 May 2013 22:18:45 +1000

UK Business secretary tells IBTimes UK that Britain’s biggest banks are lying and challenger banks will boost lending

Bank of England's Fisher says does not want U.S.-style QE pledge

Fri, 24 May 2013 21:00:04 +1000

A Bank of England policymaker said on Friday he favored small additional amounts of bond purchases over time, but not a hard-to-manage commitment to longer-term stimulus like that of the U.S. Federal Reserve.

3i Group to Acquire Barclays' £780m Infrastructure Fund Management Division

Fri, 24 May 2013 20:47:16 +1000

Barclays Infrastructure Funds Management has invested about £1.7bn across six funds so far.

Stewart Robson: Either Arsene Wenger Spends or Arsenal Find a New Manager

Fri, 24 May 2013 19:21:57 +1000

The former Gunner wants Arsenal manager Arsene Wenger to take the risk of a big-money and high-profile signing

Germany's Q1 GDP Growth Edges Up on Private Consumption

Fri, 24 May 2013 18:01:50 +1000

Gfk German Consumer Climate Index rises to 6.5 from 6.2 in previous month.

Jet Airways Shareholders Approve Etihad Deal

Fri, 24 May 2013 17:53:54 +1000

Shareholders in Jet Airways approved an agreed sale of a 24 percent stake in the airline to Abu Dhabi's Etihad Airways, a senior executive at the Indian carrier said on Friday.

Private consumption helps Germany to meagre growth in first-quarter

Fri, 24 May 2013 16:21:02 +1000

Private consumption helped Germany eke out meagre economic growth of 0.1 in the first quarter of the year, compensating for declines in exports and investment in Europe's largest economy, data showed on Friday.

Toilet Paper Shortage in Venezuela Provokes Economic Debates

Fri, 24 May 2013 14:33:13 +1000

Venezuela is running out of toilet paper supply and this has become a major economic debate

Nikkei recoups some of Thursday's 7.3 percent dive, bull run seen intact

Fri, 24 May 2013 13:21:02 +1000

The Nikkei share average regained ground on Friday after a 7.3-percent dive in the previous session, which most market watchers said marked a long-overdue correction and didn't presage the end of a remarkable six-month bull-run.

Mass sell-off in Spain's Bankia hit small investors

Fri, 24 May 2013 08:35:02 +1000

Small investors in shares of in Spain's nationalised lender Bankia suffered new massive losses on Thursday as the stock plunged by more than 50 percent amid an abnormally high volume of trading which the stock market regulator said would be looked at closely.

ECB can't solve euro zone crisis alone - Weidmann

Fri, 24 May 2013 06:42:04 +1000

Bundesbank chief Jens Weidmann said on Thursday it was not up to the European Central Bank to solve the euro zone crisis, resisting pressure from other ECB policymakers for the bank to widen its range of policy tools.

U.S., China factories struggle; Fed hints at less stimulus

Fri, 24 May 2013 02:35:03 +1000

Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest pace since October, suggesting it may take a while before the global economy starts to pick up steam.

FCA Fines JPMorgan £3m over Wealth Management Failings

Fri, 24 May 2013 01:46:13 +1000

UK regulator slaps penalty on troubled bank, already scarred by London Whale trader crisis.

U.S., Chinese factories struggle, Fed hints at less stimulus

Fri, 24 May 2013 00:35:04 +1000

Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam.

Deutsche bosses seek to win over skeptical shareholders

Thu, 23 May 2013 21:35:02 +1000

Deutsche Bank's bosses tried to convince skeptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.