FOR two years, Dion Hershan has been in fairly select company -- gloomy on the outlook for commodities and local resources stocks and upbeat about the US. Now, as real concerns emerge about a bubble in major-bank share prices, the Goldman ...
Tags: economy
Street lights in front of Castlegate in Aberdeen, Scotland. Every street light in Scotland could be fitted with low-energy LED bulbs as part of ambitious plans to cut CO2 emissions, ministers said on Thursday. The Scottish government ...
Tags: LED bulbs, LED street light, LED
Chinese solar cell and module maker Suntech Power Holdings Co., Ltd. (NYSE: STP) owed nine banks a total of CNY 7.1 billion. It released financial forecasts for the fourth quarter of 2012 on May 2 and according to the forecasts, the ...
Tags: Service, Metallurgy, Mineral, Energy, solar
Chinese banks fuel expansion overseas in succession due to a profit slowdown rooted from the domestic economic downturn. For an example, Bank of Communications (BoCom, SEHK: 3328 and SHSE: 601328), the fifth-biggest commercial lender ...
Tags: economy, China Banks, Fueling Expansion
THE sharemarket has closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures. The benchmark S&P/ASX200 index was down 1.4 points, or 0.03 ...
Tags: economy
More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...
Tags: Banks, Interlinking Corporate, Private Banking Business
The sharemarket consolidated yesterday as high-yield plays reacted negatively to reduced hopes of further interest rate cuts following the release of stronger-than-expected domestic jobs statistics. Meanwhile, profit-taking pushed ...
Tags: Rates Forecast, economy
A 35-year-old Dutch man suspected of participating in a large DDoS attack on antispam organization Spamhaus was extradited from Spain to the Netherlands on Monday evening, the Dutch Public Prosecution Service said Wednesday. A judge in ...
Tags: software, Computer Products
(Left to right): Orbis Partners partner James Grenfell, Abacus finance director Steve Banks, Abacus managing director Steve Lamb and Orbis Partners director Toby Arrowsmith Abacus Lighting has been sold to a group of industrialists and ...
Tags: Abacus Lighting, Lighting
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
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
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
Solar wafer maker Sino-American Silicon Products (SAS) on May 7 announced a merger with Sino Solar, its joint venture which makes crystalline silicon solar cells, through the acquisition of a 58.12% stake at NT$7.05 per share for NT$810 ...
Tags: SAS, Sino Solar, Lighting