Tuesday, 5 January 2010

Freescale targets tablet computer market

2010-01-05 CHIPMAKER Freescale Semiconductor Inc is staking its claim on the tablet computer market, an emerging product category that will generate plenty of interest in 2010.Although next-generation tablet PCs are scarcely evident on the market, the...

Total buys into US shale gas with Chesapeake deal

2010-01-05 ENERGY giant Total is entering the US shale gas sector to boost its position in unconventional energy with a US$2.25 billion deal that will see it enter a joint venture with Chesapeake Energy. Total E&P USA Inc will take a 25 per cent stake in...

Euro manufacturing output up slightly

2010-01-05 MANUFACTURING activity across the eurozone expanded in December but at a slower pace than initially detected, a survey showed yesterday.The 16-nation bloc's purchasing managers' index (PMI) for the manufacturing sector, published by data and...

IN BRIEF

2010-01-05 Credit Suisse sued US$24b over resortsNEW YORK: Credit Suisse Group AG has been sued by property owners who said the Swiss bank schemed to defraud investors in four luxury resort communities, including the bankrupted Yellowstone Club. The lawsuit...

Fed defends policies, sees slow US growth

2010-01-05 TOP US Federal Reserve officials defended policies leading up to the recent financial crisis, arguing that exotic mortgages and overconfidence in home price gains, not low interest rates, fueled a catastrophic housing bubble.Addressing an economists...

Monday, 4 January 2010

UK economy isn't a basket case after all

2010-01-04 THIS year is going to surprise us. After nearly two years of financial and economic mayhem, this will be a year of a steadily improving economy. Incredibly, over the last nine months, the stock market has recorded the third biggest rise since 1693,...

IN BRIEF

2010-01-04 Brazil's Itau may buy stakes in RBS, LloydsSAO PAULO: Brazilian lender Itau Unibanco is considering buying stakes in one of the United Kingdom banks rescued by the government during the height of the global credit crisis of 2008, the UK Sunday Times...

'Google phone' debut expected this week

2010-01-04 GOOGLE is expected to ring in the new year by unveiling its own smartphone tomorrow, the Nexus One, in a bid to expand its powerful Web brand in the booming mobile arena.The Internet search and advertising giant has already gained a foothold in the...

Eurozone faces debt crisis

2010-01-04 THE eurozone's new year heralds a debt crisis that has alarm bells ringing and markets tracking government plans to tame the growing shortfall.Officials have borrowed heavily to pull the 16-nation zone out of its first recession, and debt levels are...

Sunday, 3 January 2010

Phones, PCs to drive tech rally into 2010

2010-01-03 AS TECHNOLOGY companies make their annual trek to Las Vegas to unveil their coolest gadgets at the Consumer Electronics Show (CES) this month, investors are laying bets on another good year for the industry.The mood at CES 2010 should be far more...

BAE bribery suit may be taken to US High Court

2010-01-03 A PENSION fund may ask the US Supreme Court to let it sue BAE Systems Plc in the US over allegations that the company paid more than US$2 billion in bribes to win a record Saudi arms deal, the fund's lead attorney said on Friday.A US appeals court...

Commodities rally in 2009

2010-01-03 COMMODITY prices rallied in 2009 on keen demand and signs of global economic recovery, with oil soaring and gold striking record levels, while copper and sugar surged.Many raw materials also rose this week in thin trade ahead of the New Year holiday...

IN BRIEF

2010-01-03 Fox, Time Warner Cable reach deal NEW YORK: TIME Warner Cable on Friday reached a deal to keep carrying Fox Networks programming after the companies negotiated through New Year's Day to avoid a blackout of TV shows like "The Simpsons" and...

Friday, 1 January 2010

A better year than expected

2010-01-01 WORLD stocks edged up yesterday, with traders heading into the long New Year's weekend in upbeat mood following a nine-month bull run that has seen many markets advance over 50 per cent.In Europe, the FTSE 100 index of leading British shares closed...

Oil above US$79 after year of recovery

2010-01-01 OIL steadied above US$79 a barrel yesterday, poised for the biggest annual climb in a decade, a year after posting huge falls as the global economic crisis sapped demand.Oil was supported by data from the US Energy Information Administration (EIA)...

IN BRIEF

2010-01-01 European vegoils up on production worriesROTTERDAM: Palm oil rallied yesterday on the European vegetable oils market in very thin trade on the back of technical buying in Malaysian palm oil futures on the last trading day of 2009, market sources...

Giant oil rig crosses Istanbul strait

2010-01-01 A MASSIVE deepwater drilling rig is crossing the Istanbul's narrow Bosporus strait, forcing Turkey to temporarily shut down one of the world's busiest waterways. The Leiv Eiriksson, one of the world's largest rigs, is making its way to the Black Sea...

Gazprom contract to avert New Year gas war

2010-01-01 RUSSIA and Ukraine will avoid a repeat of a New Year gas war by virtue of a 10-year contract on supplies signed by the ex-Soviet neighbours this year, Russian gas export monopoly Gazprom said yesterday.Gazprom's chief spokesman, Sergei Kupriyanov,...

Merkel warns of difficult times

2010-01-01 GERMAN Chancellor Angela Merkel warns of difficult economic times for the coming year in her New Year's television speech. The chancellor said 2010 would be "a crucial year" in deciding how Germany will emerge from the global economic...

Thursday, 31 December 2009

Tiger scandal cost sponsors' shareholders up to US$12b

2009-12-31 THE sex scandal that engulfed Tiger Woods may have cost shareholders of companies endorsed by the world's No 1 golfer up to US$12 billion in losses, according to a study by two economics professors from the University of California, Davis.The study...