Iran says its nuclear rights must be recognized
Major powers will only achieve results in their meetings on Iran if they adopt a realistic approach and recognize its nuclear rights, the Islamic Republic's Foreign Ministry spokesman said on Sunday.
Indian iron ore prices to go up by 20%
In 2010, iron ore prices in India are set to soar by around 15-20%. This is apart from the rise Indian witnessed in Dec 2009 when the iron ore prices jumped by around 30 per cent. While the prices of iron ore with more than 64% ferrous content have already gone up from around $59-61 per tonne to $117 (free on board) per tonne, prices are expected to climb further by 15-20% in 2010.
UK hopes to profit from bank rescue
The British government still hopes to make a profit from its multi-billion-pound rescue of major British banks during the financial crisis, Prime Minister Gordon Brown said on Saturday.
Cadbury investors look for higher Kraft bid
Some of Cadbury's biggest shareholders, led by Legal & General, continued to reject Kraft Foods' 10.5 billion pound ($17.2 billion) bid and will look for an increased offer over the next four days.
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Daily Forecast - 15/1/2010
The Australian Dollar opens higher today at 0.9310 and is consolidating upon its recent gains versus the greenback.
Investor Ross possibly interested in teaming on Northern Rock
Billionaire investor Wilbur Ross on Thursday said he was quite possibly interested in teaming up with Richard Branson's Virgin Money to bid for state-owned British bank Northern Rock.
Cadbury fires final defense amid Hershey bid doubts
Cadbury fired the final salvo in its defence on Thursday, branding Kraft Foods' bid as more unattractive than a month ago, as Cadbury shares rose on hopes of a rival bid from Hershey.
Investor Wilbur Ross not buying AIG unit
Billionaire investor Wilbur Ross on Thursday said he was not considering buying American International Group's mortgage insurance unit United Guaranty.
Smaller high tech gizmos lighten ladies' handbags
Technological advances have led to a sharp fall in the weight of women's handbags, research from British department store chain Debenhams has revealed.
Sovereign defaults top 2010 risk hitlist for WEF
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
Sovereign defaults head 2010 risk hitlist for WEF
The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
Rio iron ore output soars, ups ante for prices
Rio Tinto , the world's second-biggest iron ore miner, beat its forecast for iron ore output, reflecting surging demand from Chinese steelmakers and setting the stage for tough contract price talks.
Britain lures talent: sci-tech entrepreneurs move in
It took only a few weeks of research for Romanian entrepreneur Emi Gal to decide where to base his digital media firm, and his choice confounds a fairly enduring set of stereotypes about Britain's global appeal.
Hershey still working on Cadbury bid
U.S. chocolate maker Hershey Co is still working on a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, a source familiar with the matter said on Wednesday.
Daily Forecast - 14/1/2010
The Australian Dollar opens marginally higher today at 0.9230 after the greenback weakened against several major currencies during overnight trade.
UK Pentagon hacker wins delay of extradition to U.S.
A Briton who hacked into NASA and Pentagon computers has won the right to challenge the government's decision to refuse to block his extradition to the United States, his lawyers said on Wednesday.
Hershey prepares counterbid for Cadbury: report
U.S. chocolate maker Hershey Co is preparing a bid for Cadbury Plc that would top Kraft's hostile $17 billion takeover offer, the Financial Times reported on Wednesday.
Kraft CEO courts Cadbury investors in London
Kraft Foods Inc CEO Irene Rosenfeld was going door-to-door in London on Wednesday, visiting Cadbury's largest shareholders at their offices to win support for a $17 billion takeover bid.
Wall Street rises on Merck upgrade, Kraft outlook
Stocks rose on Wednesday, shrugging off earlier losses, after Kraft raised its outlook and a brokerage upgraded Merck & Co. in welcome signs about future earnings.
China markets still weighed down by tightening as US, Europe rebound
China markets were still shaken on Wednesday, lagging behind others due to a lower economic outlook after the central bank raised the reserve requirement for banks.
Google China spat shines spotlight on cyberspying
Cyber attacks disclosed by Google and Adobe that may lead Google to quit China highlight a sophisticated type of bespoke cyberspying that could be more widespread than previously thought.
Douglas counts on indulgence to prop up 2010 profit
German fragrance-to-fashion retailer Douglas Holding AG is counting on consumers' appetite for indulgence to prop up earnings this year.
Scientists link plastics chemical to health risks
British and U.S. researchers studied the effects of the chemical bisphenol A using data from a U.S. government national nutrition survey in 2006 and found that high levels of it in urine samples were associated with heart disease.
Cadbury defenders step up fight as Kraft closes in
Britain's business secretary Peter Mandelson is expected to add his weight to union calls for Cadbury shareholders to resist Kraft Foods' bid, which got a boost from the withdrawal of a possible rival.
Pre-Market Report: Asian markets end down, Europe and US trading mostly higher
Major Asian stock indices fell on Wednesday due to tighter credit conditions, while German and UK stocks were mixed after economic reports as U.S. stocks were pointing to a higher opening.
Daily Forecast - 13/1/2010
The Australian Dollar opens lower today at 0.9210 after failing to hang onto its recent gains above US93 cents.
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