May 09, 2011
Jac Nasser, chairman of the world’s biggest mining firm says the global economy is still fragile and people need to be prepared for fiscal and monetary tightening and economic restructuring to slow growth in developed economies.
May 09, 2011
Apple has brought Google’s 4 year reign as the world’s most valuable brand to an end according to a recent study by global brands agency Milward Brown.
May 07, 2011
The Wall Street bank who last month forecast the recent major correction in oil prices now says oil prices may surpass recent highs by 2012 as global oil supplies continue to tighten.
May 07, 2011
Berkshire reports a smaller profit for the first quarter as a result of reinsurance losses from the 11 March earthquake in Japan.
May 06, 2011
The world’s list of millionaires is growing faster than ever before. Europe and the U.S. are creating the most but China, Brazil and India are catching up fast.
May 05, 2011
Both Google and Facebook are believed to be in talks with Skype after the video conferencing service postponed its IPO.
May 05, 2011
In February and March, Mexico, Russia and Thailand added gold now valued at $6 billion to their reserves as prices reached record highs and the U.S. currency weakened.
May 04, 2011
After market talk that Rio Tinto was lining up a bid to buy the U.S. aluminum company Alcoa, shares rose 3%, but the two banks thought to be financing the deal have denied involvement.
May 04, 2011
Glencore has set the price range for its IPO, slightly lower than previously expected, enabling it to raise up to $10 billion.
May 03, 2011
In a move to diversify record foreign exchange holdings, many Asian countries are pooling funds to strengthen regional investment as the U.S. dollar falls.