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China Manufacturing Falters In March: HSBC PMI Shows

China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
Euro coins in a montage

3 Things You Need To Know About Greece's Default

Developments in the two weeks since the credit event confirmed that the world's first test of using credit default swaps as protection involving sovereign debt turned out fairly well. But broader concerns abound, such as the fragile Greek economy and what could be in store for fellow euro zone members Spain and Portugal.
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Why Corporate Profit Margins Must Fall [CHART]

It's almost unthinkable that the U.S. government will continue to sustain current levels of spending, and the reduction will lead to diminished profit margins of companies, asset manager James Montier of GMO writes.
HTC Beats Set to Acquire MOG

HTC Beats Set to Acquire MOG

Beats Electronics, majority-owned by HTC, is close to acquiring digital music subscription service MOG for an undisclosed sum, according to an anonymous source familiar with the matter.
PM Gillard: Those Pushing for Rate Cuts Must Support the Budget Surplus

Gillard Govt Passes 30% Australian Mining Tax

The new law, which has been the source of fierce battles between industry and government officials for two years, will affect around 30 companies, including international mining giants BHP Billiton, Rio Tinto and Xstrata.
Prince Johan Friso and Mabel Wisse Smit

Dutch Prince Johan Friso: Mabel Wisse Smit Marriage And Other Royal Family Problems

The Dutch Royal family is trying to return to their normal routines following Prince Johan Friso's avalanche accident on February 17th. Queen Beatrix, Johan Friso's mother, returned to her royal duties at the beginning of March, attending a meeting with the Prime Minister, and later opening up the new Explosive Ordnance Barracks in Soesterberg.
A "Rose in the Desert"?

Asma al-Assad: Modern Day Marie Antoinette?

French Queen Marie Antoinette -- who historically bears the brunt of having uttered the four words, summing up the obliviousness of the French monarchy to the poverty of the peasants, prior to the French revolution -- may have found her modern day avatar in the Syrian first lady Asma al-Assad. Upon learning that her subjects had no bread to eat during the famine that occurred in France due to the mismanagement of treasury, Antoinette, wife of Louis XVI of France, famously remarked: Let them ...
Goldman Sachs

Goldman Sachs Cuts Jobs: Report

Goldman Sachs Group Inc has started reducing employees in the trading and investment banking divisions, it has been reported.
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Zayo Group to Take AboveNet Private for $2.2 Billion

Privately held Zayo Group LLC agreed to buy rival AboveNet Inc, a provider of broadband connections to big companies and carriers, for about $2.2 billion to tap into the galloping demand for fast data services.
Amnesty International calls on Asma al-Assad, wife of embattled Syrian president, to use influence to defend rights of all peaceful activists

Asma Al-Assad: Syrian First Lady Faces EU Sanctions, Writes 'I Am The REAL Dictator'

Asma al-Assad, the 38-year-old wife of Syrian regime leader Bashir al-Assad and a former investment banker, will likely join 114 other Syrians on a list of sanctioned individuals by the European Union, freezing her assets to preventing shopping, travel and other commerce in foreign countries; meanwhile, reports emerge of Assad's emails to friends where she boasts of the power of the Syrian regime, and that she is the real dictator.

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