Software in focus in battle for mobile customers
Telecom industry leaders including Nokia, China Mobile and Microsoft raced to announce online software stores on Monday in a drive to find new sources of revenue and please consumers.
Japan's economy slumps as global gloom spreads
TOKYO - Japan sank deeper into recession with its worst quarterly contraction since the oil crisis in the 1970s, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
Hillary Clinton, in Tokyo on her first trip abroad as U.S. secretary of state, said Asia and the United States must fight the global crisis together.
The U.S.-Japanese relationship was...
Lloyds' HBOS deal backlash builds, capital worry
we are not that close to a last ditch scenario just yet, though very much aware of the strong economic head winds, said a spokeswoman for private client investment manager Brewin Dolphin, a Lloyds investor.
One option could be for the government to convert 4 billion pounds of preference shares into equity, which would cut about 480 million pounds in annual interest but lift the government's s...
Japan's economy slumps as global crisis widens
TOKYO - Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
The grim Japanese figures, coupled with disappointment over the lack of coordinated action from the G7 and worries about bank rescue plans pushed European shares down by 0.6 percent in...
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Monday, 16 February 2009 - Market Commentary
Australian Dollar: The Australian Dollar opens the week at 0.6534, largely unchanged from this time on Friday.
Lloyds' HBOS unit reports a $12 billion loss
On Friday Part-nationalized Lloyds Banking Group said its HBOS unit made heavy losses last year due to a bigger-than-expected rise in unpaid loans, wiping a third off its value and raising fears more state help will be needed.
Wall Street edges up on stimulus bets
Stocks inched higher in choppy trade on Friday on optimism over the expected passage of an economic stimulus and government plans to shore up the housing market.
Mugabe's long time rival sworn in as PM
On Wednesday, Zimbabwe's opposition leader Morgan Tsvangirai was sworn in as they country's prime minister.
London share index rises 0.5 percent
On Wednesday, London stocks closed slightly higher than expected despite the doubts and skepticism of worldwide investors of the viability of the U.S. governments' latest rescue plan for the struggling financial industry.
World stocks tumble as investors doubt U.S. bank plan
On Wednesday world markets fell following a steep sell-off on Wall Street as investors doubted the viability of the U.S. governments' latest rescue plan for the struggling financial industry with as much as $2 trillion in funding.
OzForex Daily Commentary - Feb 11
Australian Dollar: The Aussie dollar pulled back from its early morning highs around 68 cents to find an intraday low at 0.6675 in Asia yesterday before entering the offshore session at 0.6715.
Merrill Lynch's co-head exits
On Tuesday the co-head of UK corporate broking firm, Merrill Lynch, announced his resignation with effect from end of April.
World's Strangest Candy
Put down the milk chocolate: When traveling, sample candies made with salt, chili, and mung beans. When Americans eat ...
Barclays bonus payouts halved
Barclays announced Monday its plan to overhaul pay policies across the bank as it confirmed the turmoil in the credit markets and the global economic recession weighed on its profits.
McDonald's January same-store sales up 7.1 percent
McDonald's Corp., the world's largest hamburger chain said Monday its same-store sales rose 7.1 % in January; due to demand for McDonald's core menu and breakfast items.
OzForex Daily Commentary - 04/02/2009
Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the
Phelps caught hitting Marijuana
The 23 year old Olympic gold medalist and Towson native Michael Phelps apologized for regrettable behavior after a photo of him smoking a marijuana pip
London immobilized after worst storm in 18 years
London was immobilized Monday by the biggest snow storm to hit the city in 18 years, according to the Britain's Meteorological Office.
Michael Phelps apologizes for 'bad judgment' over marijuana-smoking photo
Swimmer Michael Phelps, who has won more gold medals than anyone in Olympic history, admitted on Sunday that he had engaged in regrettable and inappropriate behavior after a photo of him smoking marijuana was published in a British tabloid over the weekend.
Duke's Fuqua School of Business Announces Multinational Growth Plan
Recruiting Kids to Sell the Brand
A new book highlights the effects on consumerism on children and raises questions and objections to research firms which recruit kids to test products, and to sell them in return for incentives.
EA Need for Speed now in 3 flavored options
This is year EA plans to publish three flavored options for Need for Speed games. Need for Speed SHIFT, Need for Speed NITRO and Need for Speed World Online, respectively are scheduled for release during 2009, with the latest debuting in winter.
Bonus payments heat up controversy; exec sees long-term changes
Bonus payments on Wall St. have become controversial in the midst of an economic crisis with a top level executive today saying that they are reasonable but need changes to ensure the long-term interests of the business.
Dollar Advances Against The Majors Overnight
Overall, the dollar continues to strengthen overnight. The only exception among the majors is the pound, which rose after some very good economic reports coming from the U.K. Ahead, the market is likely to become very volatile, especially during the U.S. open, when some important releases are scheduled.
Tanker hijacked off Somali Coast
On Thursday Somali pirates hijacked a tanker and its crew of 12 Filipinos and one Indonesian in the Gulf of Aden, a diplomat said.
The 10 Commandments of Luxury Cruising on Silversea
Endless cocktails, wine and dessert. Private in-suite dinners. Couples massages. Pillow menus and plush bedding. Ballroom dancing classes. These are just some of the posh perks that Silversea Cruises offers. Most upscale cruise lines have always offered unforgettable experiences – for example, you can often wine and dine to your heart's content in fabulous restaurants, and, unlike real life, nev...
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