Latest Breaking Business News
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Insight No more easy pickings in Russias banking market
MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained ...
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Iluka earnings to fall
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting. Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics. Its key markets are China and ...
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Microsoft cuts five-year deal to upgrade NFLs technology
Envision Peyton Manning sitting on the bench and dissecting the last series from a variety of camera angles on his hand-held device instead of looking at still photos. Imagine Sean Payton holding up a Surface tablet instead of a cardboard playsheet on the sideline.It's coming.The NFL and Microsoft, through its next-generation Xbox device, are combining to upgrade interactive TV viewing of ...
More Breaking Business News
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Iluka earnings to fall
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013.But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting.Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics.Its key markets are China and the ...
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HudBayThompson Creek combo would be earnings monster--Ecclestone
If a HudBay/Thompson Creek combine was achieved the entity would have a significant option on the future of the moly price, contends Hallgarten analyst Christopher ...
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Asian stocks buoyed by Wall Street
Sydney - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a five-and-a-half-year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy ...
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ESPN cutting hundreds of jobs - report
New York - ESPN, the sports channel that is Walt Disney’s most profitable unit, is cutting 300 to 400 jobs across the company and closing a small Denver office, a person with knowledge of the cuts ...
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Reunert to ‘plan for and pursue earnings growth’
The electronics firm report a 14 percent dive in normalised headline earnings a share from R2.98 to R2.57 while revenue declined eight percent to R5.3 billion from R5.7 billion. Photo ...
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GLOBAL MARKETS-Asian stocks supported by Fed reassurance BOJ stands pat
Wed May 22, 2013 2:20am EDT * Some Asian stock markets buoyed by record highs on Wall St * Fed officials play down speculation of ending stimulus anytime soon * BOJ keeps policy unchanged as expected * JGB futures dip after BOJ, Nikkei stays firm By Masayuki Kitano and Vidya Ranganathan SINGAPORE, May 22 (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall ...
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BRIEF-Cable Wireless Comms core earnings edge up
LONDON | Wed May 22, 2013 2:20am EDT LONDON May 22 (Reuters) - Cable & Wireless Communications PLC : * Auto alert - Cable & Wireless Communications Plc final dividend 0.0267 usd per share * Auto alert - Cable & Wireless Communications Plc total dividend 0.04 usd per share * C&w comms FY core earnings $ US$589 million million (company poll $584 million) * Total group EBITDA of ...
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George Osborne may not be dead in the water after all. What will Labour do then | Gaby Hinsliff
It has been a truth universally acknowledged for some time in politics that George Osborne is a busted flush. After all, the chancellor is relentlessly hammered from left and from right these days, by those who want less austerity and those desperate for more of it. Tellingly, polling shows voters ...
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One in five retiring in 2013 will be below poverty line
Prudential , which also found that nearly a quarter of women will enter retirement entirely dependent on the basic state pension.Prudential's Class of 2013 research, based on interviews with 8,676 over 45-year-olds and another 1,007 people retiring this year, found that many are facing a bleak financial outlook.One in seven (14%) people planning to retire in 2013 will depend on the state ...
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BlackBerry Shifts Emphasis From Smartphones to Services
BlackBerry no longer owns the fast-paced, innovative smartphone world but the company, whose email-on-your-hip devices once revolutionized the industry, now aims to run it. The change in focus was hard to miss at the company's well-attended annual conference in Florida last week, even as news of a new smartphone model and its plans to offer the popular BlackBerry Messaging (BBM) instant ...
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STOCKS NEWS SINGAPORE-Earnings seen improving in H2 - Citi
Wed May 22, 2013 2:11am EDT Singapore-listed firms are likely to see more earnings upgrades than downgrades in the second half of this year, as company results are set to improve with the city-state's economic growth expected to recover towards 2014, Citi said. First-quarter results still showed more misses than beats, but Citi expected the situation to improve in the second half, with large ...
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Iluka earnings to fall
But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting.Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics.Its key markets are China and the United States."Based on lower weighted average prices, at least as they stand at the ...
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Iluka earnings to fall
Iluka Resources says lower prices for its mineral sands will cause a fall in earnings in 2013.But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting.Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics.Its key markets are China and the ...
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Iluka earnings to fall
ILUKA Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting. Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics. Its key markets are China and the ...
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Iluka earnings to fall
ILUKA Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting. Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics. Its key markets are China and the ...
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Iluka earnings to fall
ILUKA Resources says lower prices for its mineral sands will cause a fall in earnings in 2013. But prices have stabilised and demand is increasing, the company's managing director, David Robb, told its annual general meeting. Iluka is a major producer of zircon, used mainly in ceramics, and rutile and synthetic rutile, which are used in paints and plastics. Its key markets are China and the ...
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Saks hires Sachs eyes possible sale
Saks is gearing up for its biggest sale ever - but it won’t be happening at your local mall.The owner of the swanky Saks Fifth Avenue chain has hired Goldman Sachs to explore strategic alternatives, including a possible sale of the company, The Post has learned.The news, first reported yesterday at nypost.com, sent Saks shares surging in after-market trades to their highest levels in more ...
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NYU prexy slammed again
NYU’s Tisch School of the Arts - whose famous alumni include Martin Scorsese, Spike Lee and Alec Baldwin - became the latest school to submit a vote of no confidence in the university’s president, John Sexton.In March, the university’s College of Arts & Sciences gave Sexton a thumbs-down, followed by the Steinhardt and Gallatin schools earlier this month. The Tisch vote ...
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ACX sees earnings up over 60 sequentially in 1Q13
Advanced Ceramic X (ACX), a Taiwan-based manufacturer of multilayer ceramic devices and LTCC (low-temperature co-fired ceramic) modules for wireless communications, has reported net profits of NT$97 million (US$3.24 million) for the first quarter of 2013, up 53.5% from a year ...
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Why Microsoft Thinks Xbox One Is A Game-Changer
Alan Bowman, Regional VP for Interactive Entertainment Business at Microsoft Asia Pacific, explains why the company thinks its new game console product can take a bigger space in consumers' living ...
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Can Bernanke Rein in Those Dollar Bulls
Federal Reserve unwinding its aggressive monetary stimulus program gathered pace about a fortnight ago. Now, Fed Chairman Ben Bernanke could give the dollar bulls reason to pause, say strategists. Bernanke testifies to Congress later on Wednesday amid speculation that he could shed some light on the timing of when the Fed will start phasing out the quantitative easing (QE) that has weighed on ...
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Ford adds production in North America to meet new car demand
F.N ) is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market ...
Stockholm Feature
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Much thought put into new crematorium for Stockholm
A new crematorium being built on a famous UNESCO World Heritage Site had an imposing reputation to live up to, for it is being built in a woodland cemetery planted and designed by two of Sweden’s greatest architects.
Stockholm is a city renowned for developing beautiful buildings, the city is regarded as one of the most beautiful in the world with its historical architecture preserved and blended in with the modern, displaying the legacy and the current status of the city as the heart of what was once a kingdom and is now Sweden. It is no wonder then a new crematorium being built in the city will combine state-of-the-art design with seamless beauty. Read more
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