minc 
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WASHINGTON (AP): It's bad enough that Greece's debt problems have rattled global financial markets. In the world's largest economic and military power, there's a far more serious debt dilemma. For the U.S., the crushing weight of its debt threatens to overwhelm everything the federal government does, even in the short-term, best-case financial scenario - a full recovery and …
I like to keep things simple. So when I look at a company, 5 characteristics that I focus on to determine a relatively safer company to invest in: 1. A Simple Business: The fewer things in motion, the fewer things that can go wrong. Businesses that focuses on maximizing profits from its core operations, rather than massive corporations that have many and often puzzling …
SHANGHAI: Talks with China over censorship have reached an apparent impasse and Google, the world’s largest search engine, is now “99.9%” certain to shut its Chinese search engine, the Fin …
The Australian sharemarket closed sharply stronger on renewed investor confidence after a crisis package was agreed to help bail out troubled eurozone economies. Brokers said bargain hunt …
The New Zealand dollar climbed to a two-year high against the euro, as worries persisted about Greece's debt problems. The kiwi peaked at 0.5256 euro early today, according to Reuters data, and by 8am was only a little lower at 0.5249, up from 0.5199 at 5pm. The latest indication of Greek problems came in a report in which an unidentified Greek official said Greece was …
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The New York Stock Exchange's website was apparently hobbled twice Monday, possibly the result of computer attacks as part of the anti-Wall Street protests, according to a company that monitors website response times. San Mateo-based Keynote Systems said the NYSE website experienced a one-minute outage around 3:30 pm Eastern (1930 GMT), then a half-hour outage about two …
France, Italy, Spain and Belgium are banning short-selling amid efforts to calm market turmoil that has sent bank shares gyrating wildly and aggravated worries about Europe's huge debts. The European Union's markets supervisor, the ESMA, announced the move late last night after boosting surveillance of stormy markets earlier in the day. The move capped two days of whipsaw …
Man who broke the Bank of England returns money to investors, to concentrate on philanthropy. George Soros, the billionaire best known for breaking the Bank of England, is returning money to outside investors in his US$25.5 billion firm, ending a career as hedge-fund manager that spanned more than four decades. Soros, who turns 81 next month, will hand back the money, less …
The New Zealand dollar exchange rate bulldozed its way to yet another post-float high against the US dollar today, touching US87.08c as the greenback slumped. The surge has left the kiwi within striking distance of doubling its nominal value - US44c - when it was floated in March 1985. After spiking three times to US87c or above, the New Zealand dollar retreated a little …
The first round of quake-affected businesses signed up to the Government's wage assistance package will see money in the bank tomorrow. The Canterbury Chamber of Commerce has worked to approve a number of small businesses in the last two days. They'll receive $350 a week per staff member. Chamber Chief Executive Peter Townsend says the payments will be processed at …
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