Yonhap reported that major global investment banks predicted Wednesday that China's economy will grow more than 8% in 2013, picking up from the slower growth pace this year. Goldman Sachs expected a modest recovery in the Chinese gross ...
Tags: global investment banks, China's economy, gross domestic product, China
“The most valuable commodity I know of is information.” (Gordon Gecko in “Wall Street” by Oliver Stone) Commodities have experienced a renaissance after the bursting of the internet bubble at the end of the ...
Tags: Commodities, Metallurgy, Mineral
While analysts are generally in consensus in forecasting Brent crude to average around $110/b in 2013, the surge in North American production and question marks on the timing of new infrastructure has made for a highly divergent set of ...
Tags: Brent crude, crude oil prices, crude oil market, Brent
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
UK-based insurer Aviva has agreed to sell its US life and annuities business and associated asset management operations Aviva US to Bermuda-based Athene for $1.8bn. The deal, however, will not include Aviva Investors' North American asset ...
Tags: Aviva, Athene, insurer, annuities business, associated asset management
IDG News Service - A partnership of New York City businesses has put out a call for innovative financial technologies. Sponsored by The Partnership for New York City Fund and Accenture, the FinTech Innovation Lab seeks novel technologies ...
Tags: financial technologies, FinTech Innovation Lab, financial services
A hacker today claimed to have broken into ITWallStreet.com, a website for IT professionals who are seeking Wall Street jobs or working with Wall Street firms, and exposed highly detailed data belonging to tens of thousands of job ...
Tags: hacker, ITWallStreet, IT professionals, data
Microsoft has wasted thousands of pounds worth of electricity at its Redmond Quincy datacentre to avoid a $210,000 (129,000) penalty for underuse from its energy provider, according to the New York Times. According to the report, ...
Tags: Microsoft, Redmond Quincy, Internet, network
ARM and Imagination Technologies have united to acquire semiconductor designer MIPS Technologies, with ARM paying the lion's share of the purchase price to snap up MIPS' patent portfolio, while Imagination will acquire MIPS' operational ...
Tags: ARM, Imagination Technologies, MIPS Technologies, patent war
A former programmer for Goldman Sachs has been charged again with pilfering sensitive source code despite his successful appeal in April of his federal court trial outcome. Sergey Aleynikov, a 42-year-old dual citizen of Russia and the ...
The continuing slide in Facebook's stock price is fueling speculation that the social network might be better off without co-founder Mark Zuckerberg at the helm. Facebook shares hit a record low of $19.87 at the close of trading Thursday. ...
Tags: Facebook, stock price, social network, Zuckerberg
Cyber espionage is?nothing new.So a report from the Defense Security Service(DSS)about efforts in foreign countries to steal U.S.technology,intellectual property,trade secrets and proprietary information might sound like just more of the ...
Tags: Cyber espionage, DSS, Defense Industry
Apple today issued invitations to an Oct. 23 event in San Jose, Calif. where it's expected to unveil a smaller tablet, tagged as the "iPad Mini" by most. The invitation is typical Apple-esque, with a colorful graphic and a single line of ...
Tags: Apple, invitations, smaller tablet, iPad Mini
The US conglomerate Illinois Tool Works is set to sell a 51% stake in its Decorative Surfaces division to the private equity firm Clayton, Dubilier & Rice (CD&R). ITW and CD&R announced that an agreement to this effect had been signed on 16 ...
In the midst of a gloomy GDP growth scenario, an ASSOCHAM business confidence survey has indicated that the slowdown is about to bottom out, but it may get a little worse before it gets better in the last quarter of the current financial ...
Tags: GDP, current financial year, business confidence survey