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The attempt to push new regulations down the throats of private equity firms and hedge funds by the European Union has a growing amount of opposition, as a vote has been put off for the third time as agreement can't be reached on the degree the regulations sho...
Business (May 11th, 10)
The announcement that the European Union would be offering just under $1 trillion to support and/or bailout the irresponsible countries in the region, has many people wondering how much damage that may end up doing to companies with a large presence there, as ...
Business (May 11th, 10)
For the second month in a row, business confidence in Australia declined, as the number of businesses searching for workers seems to have declined, as the number of advertisements looking for workers dropped. The drop in job opportunities is probably the resu...
Business (May 10th, 10)
Just about a weak after losing the most value since January, the Canadian dollar surged again, moving up the most in over a year, as the European Union announced they were going to offer a loan package to struggling euro-zone countries worth almost $1 trillion...
Foreign Exchange Market (May 10th, 10)
The growing reality of the depth of the sovereign debt crisis in Europe and the risk accompanying it, is a growing concern for U.S. businesses, along with the banking industry, Business executives in the U.S. now consider the global economic climate much risk...
European Union (May 7th, 10)
AngloGold Ashanti (NYSE:AU) CEO Mark Cutifani said in an interview today that the 40 percent super tax being proposed by Australia puts their sovereign risk much higher than South Africa. Cutifani said, “Sovereign risk in Australia is higher than South ...
Australia (May 7th, 10)
Zinc producer Nyrstar NV said the 40 percent super tax on mining companies in Australia could keep them from expanding their business in the country, although current operations won't be affected. In an interview today, Nyrstar’s legal and external affa...
Commodity Markets (May 6th, 10)
Genzyme (Nasdaq:GENZ) announced it is planning to buy back about $2 billion of its stock, while preparing to sell off three of its non-core business segments. Concerning buying back stock, Genzyme will finance $1 billion of those purchases with debt in the sh...
Business (May 6th, 10)
The violence spreading across Greece because of the culture of entitlement rampant in the country shows the future of all those countries with socialist tendencies who think they can buy themselves political favor by offering constituents and citizens wages, p...
Business (May 5th, 10)
Jamie Dimon, CEO of J.P. Morgan Chase & Co. (NYSE:JPM), said in a talk to business executives attending a meeting of the Business Council, that business leaders are starting to get very concerned about the long-term consequences of the deficits of the U.S....
Business (May 5th, 10)
Although there has been a lot of positive talk on the Canadian economy, the ongoing weak economic conditions and the strength of the Canadian dollar has caused business confidence to drop in Canada for the second quarter. Of particular note is the resistance ...
Canada (May 4th, 10)
Sales of aircraft in general is stalled this year, and business planes are no different, even though there will be an increase in flights because of ongoing excess capacity in the sector. Assuming there is an eventual global economic recovery, an increase in ...
Business Travel (May 4th, 10)
According to a recent forecast from Honeywell (NYSE:HON), the leader of new jet orders in the world in the near term is Europe. Near term by Honeywell is defined as from 2010 to 2013, with most of those orders coming after 2010. These aircraft orders are soo...
Transport (May 3rd, 10)
The oil spill from the explosion on the oil rig Deepwater Horizon could end up costing BP (NYSE:BP) into the high single-digit billions, or possibly into the low double-digit billions before it's all over. That could be the good news for the company, as the c...
Energy (May 3rd, 10)
After completing its expansion into Asia, Prudential says it's taking into consideration the idea of selling its business assets in the United States and the UK. While this isn't a surety at this time, it's thought there is a stronger possibility that they'll...
Insurance (May 2nd, 10)
The sale of the aluminum assets of Vale SA  (NYSE:VALE) to Norsk Hydro will give the Norwegian-based company a long term supply of the metal which will last for many years. As a result of the $4.9 billion deal, Norsk will gain control of the third-larges...
Commodities (May 2nd, 10)
The Canadian dollar dropped the most in a week since January, ending the week by falling 1.1 percent to C$1.0162 for each U.S. dollar near the end of trading. Now one Canadian dollar will buy 98.41 U.S. cents after the downward move. For the week dipped 1.7 p...
Canada (May 1st, 10)
Berkshire Hathaway (NYSE:BRK) recorded a solid first quarter with profits of $3.63 billion, in contrast to last year's net loss of $1.5 billion during the same quarter. Operating earnings increased from $1.7 billion last year to $2.2 billion this year, a 30 p...
Business (May 1st, 10)
It seems Warren Buffett is getting geared up for the upcoming annual Berkshire Hathaway (NYSE:BRK) meeting, which should provide some fireworks over the holdings of the company in Goldman Sachs (NYSE:GS) and a more upbeat atmosphere than last year's meeting, w...
Banking (Apr 30th, 10)
Under a new business tax system to be revealed on Sunday, Australian small businesses will get some help on their taxes under the new plan, much of it related to getting tax breaks at a quicker rate than before. One example would be to allow small businesses ...
Business (Apr 30th, 10)
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