Latest International Business News
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Microsoft launches all-in-one home entertainment system Xbox One
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
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245 South Koreans have paper companies
A total of 245 South Koreans were confirmed to have established paper companies in safe havens in a bid to avoid tax payment, an independent South Korean media said Wednesday. The Newstapa announced that it found 245 South Koreans set up paper companies in safe havens between 1995 and 2009 after analyzing information related to paper companies jointly with the International Consortium of ...
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Microsoft unveils new all-in-one Xbox console
Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...
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Lloyds raises 450 million pounds from St. Jamess Place share sale
LONDON (Reuters) - State-backed Lloyds Banking Group said it had raised 450 million pounds from the sale of 15 percent of wealth manager St. James's Place to boost its capital.Lloyds said the 77 million shares had been placed at 580 pence per share, a 9.4 percent discount to its Wednesday closing price of 640 pence.After its previous sale of shares in St. James's Place in March, Lloyds ...
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Bartow Teen Wins New Ford Mustang From Bartow Ford
Coffman, 17, of Bartow was the winner of Bartow Ford's 20th annual Drive for Excellence event Saturday.A junior at George Jenkins High School in Lakeland, she won a 2014 Ford Mustang V6 convertible as part of the car dealer's yearly event to honor local students who excel in the classroom."I still can't believe it because I'm 17 and I have a $35,000 car. It's ...
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Mayor Rob Ford sidelined as football coach by school board
Mayor Rob Ford coaches the Don Bosco Eagles football team during the Metro Bowl at the Rogers Centre in Toronto, Nov. 27, 2012. (Kevin Van Paassen/The Globe and ...
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World UN chief begins DR Congo visit
Congo , said the money would be used for health, education, cross-border trade and hydroelectricity projects. Government and M23 rebel forces have been involved in heavy fighting ...
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Labor coalition clash over Ford
Labor and the coalition are at odds over how to save the manufacturing industry, after Ford announced 1200 jobs would go when it shuts down its car making in Australia.Extending her sympathy to Ford workers and their families, Prime Minister Julia Gillard on Thursday announced $50 million to support affected workers and businesses in the Geelong and northern Melbourne areas and other parts of ...
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SA finance minister says compromise needed to end mine disputes
Finance Minister Pravin Gordhan says companies, the government and labour unions need to compromise to end disputes that are halting South African ...
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Microsoft takes ‘console wars’ to next league with Xbox One
Don Mattrick, Microsoft's President of Interactive Entertainment Business, unveils the new Xbox entertainment and gaming console system at an event in Redmond, WA. on Tuesday, May, 21 ...
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World Bank proposes $150m loan to Jordan
The World Bank has proposed a $150m loan for Jordan to help it with the cost of thousands of Syrian refugees fleeing the civil war in Syria, Jordanian and World Bank board sources said on ...
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Its time to put the break on corporate welfare
We have a moral obligation to assist displaced workers and communities, but corporate welfare for a favoured few - like Australia's car manufacturers - can not be justified, argues Simon ...
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Former Dominion Finance chief jailed
Dominion Finance boss guilty of theft Paul Cropp, the former chief executive of failed lenders Dominion Finance and North South Finance, has been jailed for two years and seven months after being convicted on fraud charges last month. Cropp was sentenced in the High Court in Auckland having been found guilty of four charges leveled by the Serious Fraud Office over related party lending of some ...
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Familiar faces worn out places bright and early for the daily races Its a mad mad world
The new civilian government in Pakistan has to take the army on board before implementing its ideas on the Kashmir issue, Hurriyat Conference Chairman Mirwaiz Umar Farooq has said."It is very difficult for any prime minister in Pakistan to come up with a set of ideas and try to implement it on its own unless and until there is a backing of other institutions in Pakistan," he told a ...
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Bangladeshs garment industry still offers women best work opportunity | Syed Zain Al-Mahmood
A revised minimum wage could help women working in harsh conditions who have few other places to go, but employers say they are also suffering as a result of disrupted ...
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World more dangerous for refugees - Amnesty
Refugees and migrants are facing increasing dangers, according to a new report from Amnesty International. The human rights organisation says the millions who have fled war or discrimination are being denied their legal entitlements. President of Amnesty International France, Genevive Garrigos says too many countries are violating human rights in the name of immigration control ';The ...
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Illinois business urges federal court to lift contraception mandate
Lawyers for two Roman Catholic-owned companies in Illinois and Indiana argued before the 7th U.S. Circuit Court of Appeals in Chicago on Wednesday that a law forcing them to include birth control in their employees' benefits would violate their First Amendment rights. But in an unexpected twist during a hearing on the merits of a preliminary injunction, the lawyer for the federal ...
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West Aurora school officials likely to avoid prosecution for not reporting sexual abuse allegations
West Aurora school officials who failed to report a suspicious incident involving a teacher later convicted of sexually abusing two students will avoid prosecution if their school district adopts and follows better reporting practices, Kane County's chief prosecutor said Wednesday.After a 10-month investigation, State's Attorney Joe McMahon said his office and School District 129 have ...
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Rupee falls to 8-12 month low on global dollar strength
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
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Norwegian company names Indian firm for global cyber offensive
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
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Early Survey Shows Contraction in Chinese Manufacturing
HONG KONG ...
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Tanzania Inefficiency At Dar es Salaam Port Costs Billions of Dollars World Bank Says
Bureaucracy and inefficiency at Dar es Salaam port cost Tanzania and neighbouring countries more than $2.6 billion (4.3 trillion shillings) annually, according to a World Bank report released Tuesday (May 21st). Bringing the port's efficiency on par with nearby Mombasa port could save the government $1.8 billion (2.9 trillion shillings), said World Bank lead economist in Tanzania Jacques ...
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RPT-GLOBAL MARKETS-Asian markets sell off on Bernanke remarks China PMI
Thu May 23, 2013 2:26am EDT (Repeats to more subscribers) * JGBs dive, 10-year JGB yield hits highest since April 2012 * Dollar index hits highest level since July 2010 * Asian shares down after China HSBC flash PMI, credit spreads wider By Masayuki Kitano and Hideyuki Sano SINGAPORE, May 23 (Reuters) - Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's ...
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BRIEF-Lloyds says St James Place divestment to raise 450 mln stg
LONDON | Thu May 23, 2013 2:09am EDT LONDON May 23 (Reuters) - Lloyds Banking Group PLC : * Placing of shares in st james's place plc * Gross proceeds of the placing are approximately 450 million * Settlement of placing will take place on 29 may. on completion, Lloyds will hold 110 million st james's place ...
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BRIEF-Galliford Trys partnerships business wins work worth 56.3 mln stg
LONDON | Thu May 23, 2013 2:09am EDT LONDON May 23 (Reuters) - Galliford Try PLC : * Galliford try's partnerships business selected for contracts worth 56.3 million * One Housing Group has chosen Partnerships as the preferred bidder to deliver the 17.8 million Batavia Road scheme in London * the Partnerships business has been selected by clients in the South West, North West and ...
South America Featured
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Shipping Wars: Uruguay and Argentina face off over rival port expansion plans
Argentina and Uruguay both want to be the shipping hubs of South America, or southern South America at least, and both are planning to considerably expand their port infrastructure in Buenos Aires and Montevideo respectively, which is leading to considerable diplomatic strain.
Argentina is a regional power in South America, the country is considered one of the more developed nations on the continent on-par with Uruguay (on paper at least, with a similar per capita income and Human Development Index rating) although the country occupies a majority of the continent with Brazil and presides over a massive coastline. Read more
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