Latest International Business News
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Finance head Carrion to run for IOC president
Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge. The Puerto Rican will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run, reports Xinhua. Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has ...
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Japanese economy has begun to recover central bank
Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...
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Largest genetic sequencing study of human disease completed
A global team of scientists has completed the largest sequencing study of human disease to date, investigating the genetic basis of six autoimmune diseases. The exact cause of these diseases - autoimmune thyroid disease, coeliac disease, Crohn's disease, psoriasis, multiple sclerosis and type 1 diabetes- is unknown, but is believed to be a complex combination of genetic and environmental ...
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Bid to end corporate tax shelters goes global
The issue of corporate taxation has surged to the fore during Europe’s economic crisis, with countries including Ireland and the Netherlands singled out for offering easy shelters for multinationals looking to avoid paying taxes in countries where they make the majority of their ...
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China manufacturing shrinks in May
ry activity since October. It's a worrying sign for those concerned that a recovery in China's economy, the world's second largest, may have stalled. The flash HSBC Purchasing Managers' Index fell to 49.6 in May, slipping under the 50-point level separating expansion from contraction. Manufacturing activities in May reflected slower domestic demand and ongoing external ...
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Bloomberg accused of threatening to destroy New Yorks taxi industry
USA New York mayor Michael Bloomberg has found himself at the center of unwanted media attention after allegedly unleashing a profanity-laced tirade against the CEO of a large taxi fleet company over his opposition to the city's "Taxi of Tomorrow" plan. The altercation, which is said to have occurred last Thursday during a basketball game at Madison Square Garden's private ...
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ITC Microsoft Xbox doesnt violate Motorola Mobility patent
Microsoft Corp. did not violate a Motorola Mobility patent when it made its Xbox gaming console, the International Trade Commission ruled Thursday.If the ITC had found that Microsoft infringed, it could have barred the Xbox from being imported into the United States. The fight over the Xbox is related to a larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use ...
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Gillard seeks Ford help for workers
PRIME Minister Julia Gillard has called on Ford Australia to chip in to an assistance package to help workers and communities affected by the company's 2016 shutdown of car making. Ford announced on Thursday it would shed 1200 workers and close its factories in Victoria in October 2016. The federal and Victorian governments have pledged $50 million in assistance through two programs to help ...
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Market Wrap for Thursday May 23 Wall Street Shrugs Off Global Slump
Thursday's trading session may have been the most glaring example of just how powerful the bull market in U.S. stocks is right now. Even though all of the major averages closed slightly lower on the day, the U.S. market was able to shrug off a global rout in stock prices that began with a 7.3 percent crash in the Nikkei. The catalyst for the sell-off in Japan centered on concerns ...
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Nigeria ETF Gets Good News on Glum Day For Global Markets
ETFs tracking a plethora of global markets closed lower. Predictably, emerging markets sagged with the Vanguard MSCI Emerging Markets ETF ...
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UQ researchers produce worldsfirst transgenic sweet sorghu...
Dr Anshu Raghuwanshi, a Research Fellow in UQ's School of Biological Sciences, said sorghum had advantages as a biofuel crop, but until now, tissue culture steps in the gene transfer process had proven difficult, despite international efforts in recent years. Dr Raghuwanshi leads a research team that developed the gene transfer system for sweet sorghum, within an industry-collaborative ...
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Subsidy funds provided to support Chinese poultry industry
The Chinese central government announced on Monday to grant subsidies of 600 million yuan (96.77 million U.S. dollars)to support the poultry industry, which has suffered from the H7N9 influenza outbreak. The money will support poultry breeders nationwide. Major poultry-processing companies will receive short-term subsidized loans and local financial institutions are encouraged to offer credit ...
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AIME pre-tours enhance business in Victoria
The Asia-Pacific Incentives & Meetings Expo (AIME) 2013 pre-tour program has been successful in garnering future business for Melbourne and regional Victoria, according to new research. AIME 2013 pre-tour attendees were surveyed and it was revealed that 83 percent of respondents plan to bring business to Melbourne and/or regional Victoria in the future; while 17 percent said they may do ...
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China eyeing global appeal of local music
It was a privilege to work with international music legends such as The Beatles and Michael Jackson, but what kind of privilege will it be being able to continue to "work" with these great names in music history after they die? Guy Henderson is one of a few people who consider themselves honoured to have such a job. As an executive vice-president of the world's largest music ...
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Hope and concerns for civilian drone industry
The drone base is part of a project named united airlines sci-tech industrial park co-undertaken by Taiyuan Private Economy Development Zone and Shanxi Coal Asset Management Co., ...
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Anorexia nervosa sufferers to take part in worlds largest study to find genetic links
Brisbane 4000 Australian researchers are recruiting thousands of anorexia nervosa sufferers to try to find the genes behind the disorder.Anorexia is a clinical eating disorder that affects one in every 100 adolescent girls.But it is also increasingly being diagnosed in middle-aged women and men.The Queensland Institute of Medical Research (QIMR) will work with scientists from the US and ...
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Alleged Ford crack video seller not responding to calls
Gawker's editor reported last week that he had seen a video of Rob Ford smoking crack cocaine. He says an attempt to purchase the video may have hit a stumbling block. (Canadian Press ...
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World village festival begins Saturday
The annual World Village Festival is going to begin on Saturday in the Kaisaniemi Park and at the Railway Square in the capital. The Ministry for Foreign Affairs will participate in the festival with their own stand, called the Kankkula well, said a government press release. The Finnish expression, something "goes into the Kankkula well", means that something goes down the drain, ...
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Wall St. bucks global slump
Nikkei plunged 7.3% on Thursday. Investor jitters then spilled over into Europe, where major stock indexes dived 2%. Wall Street opened deep into the red, with major indexes initially falling about 1%. The Dow Jones industrial average sunk more than 100 points shortly after the opening bell on the New York Stock Exchange. But as trading continued, investors flocked back, paring the day's ...
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The Works wins Global Effie for Devils Cut
Independent agency The Works was overnight awarded a bronze Global Effie for its Devil’s Cut work for Jim Beam. The Sydney agency was awarded the Global Effie in partnership with US-based agency StrawberryFrog and contributing agency Jung von Matt. The Devil’s Cut campaign launched last year with a The Works created television spot (below) used in international markets including ...
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RPT-Hong Kong shares to open flat Lenovo jumps after earnings
Thu May 23, 2013 9:28pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares are set to open flat on Friday, with PC maker Lenovo Group Ltd up 4 percent to be the top percentage gainer among Hang Seng Index components, extending gains after it reported a forecast-beating quarterly profit. The Hang Seng Index was set to open flat at 22,679.36. The China Enterprises Index of the top Chinese listings ...
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Hong Kong shares may start steady after weak Chinese manufacturing data
HONG KONG | Thu May 23, 2013 9:14pm EDT HONG KONG May 24 (Reuters) - Hong Kong shares may start steady on Friday after the release of weak Chinese manufacturing data and signs from the Federal Reserve that it is considering reducing monetary stimulus. On Thursday, the Hang Seng Index closed down 2.5 percent at 22,669.7 points, while the China Enterprises Index of the top Chinese ...
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Japan stocks plunge more than 7 percent triggering falls across global markets
Global markets fall after weak Chinese manufacturing data and mixed messages from the Fed about when it will wind down its asset-buying ...
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Farmers Guardian launches new VIP membership package
Read what David Fursdon who is leading Defra's Future of Farming Review had to say, as we put questions to him on the challenges facing new ...
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UN expects global economy to gain momentum slowly
UNITED NATIONS - After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing economies, a latest UN report said here ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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