The Australian dollar is slightly lower amid doubts there will be a successful outcome to the US budget negotiations. At 07:00 AEDT, the local unit was trading at $US1.0366, down from $US1.0374 on Friday. The main driver for markets ...
Tags: Australian dollar, outcome, US budget negotiations, fiscal cliff
Strong Chinese manufacturing data was not enough to shake the Australian dollar from its slumber yesterday, with traders glued to any news from Washington as talks over the so-called fiscal cliff went down to the wire. The Aussie ...
Tags: Aussie dollar, Washington, negotiations, fiscal cliff
AUSTRALIAN stocks are set to rise today after the US avoided falling over its fiscal cliff -- at least for now -- and iron ore prices unexpectedly ended the year in positive territory. US tax and spending cuts due to start on January 1 ...
Tags: US, tax, spending cuts, market confidence
Reuters reported that Saudi Arabia has set a record state budget for next year as high oil prices allow it to spend heavily on welfare and infrastructure projects, helping it avoid the severe social unrest seen in other parts of the Arab ...
Tags: audi Arabia, oil prices, oil market, infrastructure projects
PTI reported that General Motors India has posted a 21.82% decline in sales at 7,067 units in December 2012. GM in a statement said that the company had sold 9,039 units in the same month of 2011. Mr P Balendran VP of GM India ...
Tags: General Motors India, sales down, car industry, India
Business Line reported that Volvo Auto India will bring its INR 25 lakh car, V40 Cross Country, unveiled recently in Paris, to India in March or April 2013 and increase its overall marketing budget in the country from INR 16 crore to INR 20 ...
Tags: Volvo Auto India, lakh car, overall marketing budget, India
Social gaming firm, Zynga has cut 11 games in its planned shutdown of 13 game titles. The latest game to get the axe is PetVille, which shutdown on Sunday Dec 30, 2012. Petville had an average of 1 million monthly active users. Other ...
Tags: social gaming firm, Zynga, games, Facebook
Reuters reported that global stock markets surged almost 2.0%and commodity prices rallied yesterday after US legislators struck a deal to halt a round of automatic fiscal tightening that threatened to push the world's largest economy into ...
Tags: Saudi Market, Rallies, Fiscal Deal
Ukrainian Prime Minister Mykola Azarov said Thursday that the country will aim for an economic growth of over 3.5 percent in 2013,compared with 1 percent in 2012,according to Xinhua.The prime minister made the forecast on the country's ...
Tags: Macroeconomic, Indicators, Crafts
US agribusiness giant Cargill is to invest US$15.8m in the expansion of its case-ready meat facility in Marshall, Missouri. The investment will include the addition of a new production line for its value-added food products. The move ...
Tags: Cargill, agribusiness, expansion, investment
The price of the Chinese-built Chery J1 has been cut to $9990 driveaway, making it the first passenger car in 15 years to be available for less than $10K. Chery has slashed $1000 from the five-door J1 city car (above) and $2000 from the ...
Tags: Chery J1, Chery, car review, car price
Revolutionary vehicle designer Peter Schreyer has been elevated to the position of president at Kia Motors Corporation. German-born Schreyer is the first foreigner to assume the role at the South Korean company, and becomes one of three ...
Tags: Kia, Peter Schreyer, Kia Motors, company news
IDG News Service-Zynga is cutting about 5 percent of its workforce,and is"sunsetting"13 of its older games,the company's founder and CEO Mark Pincus said Tuesday in a note to employees. The games developer is also shutting down its studio ...
Tags: Zynga, workforce, games developer
CIO-When 2011 budget cuts forced the state of Iowa to close 36 of 55 employment offices,government officials looked for ways to keep providing services to residents,90,000 of whom were out of work. Using desktop virtualization tools,the ...
The American Institute of Architects (AIA) today issued the following statement in reaction to the House and Senate votes approving the “Fiscal Cliff” deal negotiated by Congressional leaders earlier this week. The statement ...
Tags: AIA, American Institute of Architects, Fiscal Cliff, statement