Jan. 31 (Bloomberg) -- Winston Heywood ended a 200-year family history when he sold his parched wheat fields to a fund managed by U.S. investor Westchester Group Investment Management Inc. for more than A$6 million ($6.4 million).
Tuesday, January 31, 2012
Monday, January 30, 2012
QE3 May Be Preferred Over Fed’s QE2 for Asia Economies Facing Export Slump
U.S. monetary stimulus, blamed in 2010 for spurring speculative capital flows to emerging markets, may find less opposition this time round in Asia as the region’s focus shifts to supporting economic growth.
Friday, January 27, 2012
US stocks rise after solid economic reports, earnings
NEW YORK: Solid earnings reports from market leaders like Caterpillar and rising European markets helped push US stocks higher on opening on Thursday.
Thursday, January 26, 2012
German 10-Year Bonds Snap 4-Day Drop as Greek ‘Impasse’ Fuels Safety Bid
German government bonds advanced as concern Greek debt-swap talks are stalling boosted demand for the safest fixed-income assets.
Wednesday, January 25, 2012
The shrinking private equity world
NEW YORK (CNNMoney) -- The notoriously private private equity industry can't escape the glare of the spotlight these days, but the more immediate issue facing the industry is a lack of funding.
Tuesday, January 24, 2012
Scenarios: Possible outcomes of Greek debt talks
LONDON (Reuters) - Greece must persuade its creditors to take a hefty loss on their investments in order to unlock the aid money it needs to stay afloat, but talks are proving tough, making a messy default in March a real prospect.
Monday, January 23, 2012
U.S. Steel Bonds Rebound to Par on Auto Sales: Corporate Finance
U.S. Steel Corp. (X), the nation’s biggest producer of the metal by volume, is making a comeback in debt markets as vehicle sales recover, fueling a surge in its bond prices from a record low.
Sunday, January 22, 2012
IMF warns of threat to global economies posed by austerity drives
The leaders of the International Monetary Fund, the World Bank and the World Trade Organisation on Friday issued a warning about the economic and social risks of austerity programmes in a "call to action" designed to boost growth and fight protectionism.
Friday, January 20, 2012
Key WTO members to meet at Davos next week
New Delhi: Trade ministers from key WTO member countries, including India, scheduled to meet at Davos in Switzerland on January 28, are expected to discuss worrisome economic scenario and its impact on the global trade.
Thursday, January 19, 2012
U.K. Considers $77 Billion Estuary Hub as Heathrow Successor
Jan. 18 (Bloomberg) -- Britain may build a 50 billion-pound ($77 billion) airport on the mudflats of the Thames estuary instead of expanding London’s crowded Heathrow hub as the government examines how to meet burgeoning demand for flights.
Wednesday, January 18, 2012
Exchange-Traded Junk Funds Roil Bond Market
Funds that give everyone from retirees to institutional money managers easier access to junk bonds are fueling the biggest price swings in more than two years after their buying power surged 10-fold.
Tuesday, January 17, 2012
UPDATE 7-Greek creditors bridle at demands, default fears grow
Jan 16 (Reuters) - Greece's private sector creditors warned on Monday that the Athens government must urgently break a deadlock in debt swap talks triggered by "unreasonable" demands from international lenders if is to avoid a disorderly default.
Monday, January 16, 2012
8 of top 10 cos add Rs 47,292 cr in market capitalisation; Infosys, TCS record losses
MUMBAI: Eight of the country's top 10 valued companies added Rs 47,292 crore to their combined market capitalisation last week, whereas IT majors TCS and Infosys recorded sharp fall in their value.
Sunday, January 15, 2012
S&P Praises ECB Crisis Measures as Political Response Trails
Jan. 14 (Bloomberg) -- European leaders are divided and behind the curve in their response to the sovereign debt crisis while the European Central Bank is playing a “constructive role,” Standard & Poor’s said.
Friday, January 13, 2012
MFs launch more gold-based schemes
MUMBAI: Mutual fund houses continue to rely on gold to increase their asset under management. Three asset management companies have sought approvals to launch gold-based funds over the past two months.
Thursday, January 12, 2012
U.S. Economy’s Challenges Greater This Year Than Last, Gluskin Sheff Says
David Rosenberg, chief economist and strategist at Gluskin Sheff & Associates Inc., said the U.S. economy faces more challenges in 2012 than last year, while he backed away from his prediction the nation was facing a near- certain recession.
Wednesday, January 11, 2012
Possible U.S., China trade dispute looms
HONG KONG – Strained trade relations between the world's largest economies will be further tested this year as the U.S. weighs anti-dumping duties on a range of Chinese products.
Tuesday, January 10, 2012
While Merkel and Sarkozy Talk, Traders Act
BERLIN — Chancellor Angela Merkel of Germany and President Nicolas Sarkozy of France met Monday to discuss their next steps in combating the sovereign debt crisis that has destabilized Europe.
Monday, January 9, 2012
China local government debt risks controllable: c. bank governor
BEIJING (Reuters) - Risks from local government debt are controllable and slower price rises make China's anti-inflation campaign less urgent, but Beijing needs to be ready to use "appropriate policy instruments" to deal with external shocks, China's central bank governor told state media in an interview published on Sunday.
Saturday, January 7, 2012
Global economy could endure disaster for a week
LONDON (Reuters) - The global economy could withstand widespread disruption from a natural disaster or attack by militants for only a week as governments and businesses are not sufficiently prepared to deal with unexpected events, a report by a respected think-tank said.
Friday, January 6, 2012
Greek PM warns of default without loan deal
ATHENS: Greece's Prime Minister urged union leaders Wednesday to accept further income losses, starkly warning that otherwise vital international rescue loans could dry up and force the debt-crippled country into a disorderly default in March.
Thursday, January 5, 2012
Abu Dhabi sovereign fund eyes India
NEW DELHI: The Abu Dhabi Investment Authority (ADIA), one of the world's largest sovereign wealth funds with an investible amount of $700 billion, is keen to invest in India's infrastructure sector and wants to build a strategic partnership with New Delhi.
Wednesday, January 4, 2012
PTC India in talks with sovereign wealth fund for PE venture
NEW DELHI: Power trading firm PTC India is in talks with a sovereign wealth fund for setting up a private equity fund, which is likely to have an initial capital of about $ 100 million.
Tuesday, January 3, 2012
Iowa's economy: Not issue No. 1?
DES MOINES, Iowa (CNNMoney) -- If there is one state where the economy might not be issue No. 1, it's Iowa.
Monday, January 2, 2012
Record number of Germans in work in 2011
The number of employed people in Germany hit a new record in 2011, said official statistics published on Monday, with more than half a million jobs created last year in Europe's top economy.
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