Amsterdam-based ING group has reported 38.2% increase in its total underlying net profit for the first quarter of 2013, which stood at €800m compared to €579m during the same period earlier year. For the three months ended on 31 ...
Tags: ING, Net Profit
CPY250 Cree reports a breakthrough innovation in canopy LED lighting with the introduction of the CPY250 canopy and soffit lighting series. According to Cree it Consumes 75 percent less energy than the MH (metal halide) systems ...
Tags: LED Lighting, LED, Lighting
Chinese gold imports are likely to swell further after more than doubling to a record high in March, as retail consumers pounced when prices plunged to a two-year low last month. China is the world's second-largest buyer after India, and ...
Tags: Mineral, Gold, Physical demand
The sharemarket surged to its highest closing level in almost five years yesterday, with the materials sector leading relatively broad-based gains after China reported stronger than expected trade data, Wall Street hit record highs and spot ...
Tags: Stocks, China Data
The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy
The Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
The Australian dollar fell to a fresh two-month low during overnight trade, before recovering most of its lost ground amid gains on US share markets. The currency fell to 101.55 US cents early this morning as traders in Europe and the US ...
Tags: Australian dollar, dollar
The dollar has bounced back from losses made after the central bank's surprise interest rate cut, thanks partly to some positive Chinese trade figures. At 5pm AEST, the local unit was trading at $US1.0201, up from $US1.019 yesterday. ...
Tags: dollar, financial technician
A 33-year-old man was sentenced to three years and 10 months in prison by a German court for running the torrent site torrent.to between December 2005 and April 2008. He was sentenced by the local court of Aachen on April 30 for the ...
Tags: Sharing Site, Computer Products
The traditional structure by which payments are made in the UK needs to be vastly simplified, with retailers and other merchants dealing directly with customers' banks - not via "merchant acquirers" and other middlemen. The new structure ...
Tags: Payments Loop, Computer Products
Sainsbury's Bank, the 50/50 joint venture between the supermarket chain and Lloyds Bank, will outsource its entire banking IT platform when Sainsbury's takes complete control of the financial services organisation. Further reading ...
Tags: Sainsbury, IT, Computer Products
The move by some employers to set targets for recruiting women means technology should be a more attractive career option for females, a hiring expert says. Peoplebank chief executive officer Peter Acheson said quotas were necessary to ...
Tags: IT, Computer Products
Britain’s third largest supermarket Sainsbury has taken full control of Sainsbury’s Bank, after acquiring the remaining 50% shareholding from Lloyds Banking Group for 248M. Sainsbury: banking on the growth of its financial ...
Tags: Sainsbury, Agriculture
Marks & Spencer (M&S) has now completed the roll out of contactless payment to 644 of its UK stores, including its railway and airport franchise stores. The move cements M&S’ position as the UK’s leading contactless retailer, ...
Tags: M&S, Contactless Retailer