Home » January 25th, 2011 Entries posted on “January, 2011”

Destination of the month: Berlin, Germany

Germany is one of the oldest regions in Europe with a long and sometimes turbulent history. Not an official entity until 1871, Germans had already long considered themselves a people before this, and produced some of the greatest minds, artists, and scientists the world has ever known. They also boast some of the best beers […]

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2nd UPDATE: Saudi Oil Min Sees Stable ’11 Oil Prices Amid Ec Recovery

RIYADH Saudi Arabia’s Oil Minister Ali Naimi said Monday the world has “clearly passed” the latest recession, with demand for crude oil to continue rising this year. “The world has clearly passed the global economic and financial crisis and deep recession it experienced in 2008/2009, and entered, as of last year, a stage of growth […]

Posted in Global News | Read More »

U.K. Report Warns of Global Food Shortages, Price Increases

By Gonzalo Vina Global food supplies may not be enough to feed an expanding population and resources are being consumed more quickly than they are being replenished, a study commissioned by the British government said. Chief Scientific Adviser John Beddington said halving the amount of food waste by 2050 could boost today’s annual production by a quarter while […]

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THE BIG PICTURE: A global view of the local sharemarket

Craig James In general, investors find it an easy task to work out how the Australian sharemarket is performing. It is merely a case of looking at a benchmark index like the All Ordinaries or ASX 200 and then comparing it with similar benchmark indexes across the globe. But results of the past year have […]

Posted in Global News | Read More »

GM sold more cars in China than in US for first time; Toyota keeps title for most global sales

TOM KRISHER, YURI KAGEYAMA DETROIT (AP) – General Motors Co. sold more cars and trucks in China last year than it did in the U.S., for the first time in the company’s 102-year history. Despite GM’s growth in China, Toyota Motor Corp. held onto the title of world’s largest automaker. The Japanese company reported 8.42 million sales worldwide […]

Posted in Global News | Read More »

Arafura to sell gold project to Global

Rare earths specialist Arafura Resources has agreed to sell a gold exploration project to a junior resources company. Arafura said it had signed a sale agreement with Global Mineral Resources to sell its Mt Porter-Frances Creek gold project. Under the deal Arafura will receive $1.5 million in cash, 7.5 million fully paid shares in Global […]

Posted in Global News | Read More »

Labour issues Finance Bill timetable

Labour issues Finance Bill timetable

ELAINE EDWARDS The Labour Party today reiterated its pledge to leave its motion of no-confidence in the Government on the table this week unless Fianna Fáil agrees to pass the Finance Bill through all stages by Friday. It proposed a timetable which it said would enable the legislation to pass all stages in the Oireachtas […]

Posted in Financial News | Read More »

Finance trio costs us $4500 a day

Finance trio costs us $4500 a day

Stephen McMahon TAXPAYERS will pick up a daily bill of about $4500 for the three commissioners overseeing a 12-month root-and-branch review of the State Government’s finances. The three could earn almost $400,000 each for the year’s work – which is more than Premier Ted Baillieu’s $330,000 pay packet. The inquiry into the state’s $44 billion […]

Posted in Financial News | Read More »

No stampede to top Rio’s $16 a share offer for Riversdale

No stampede to top Rio's $16 a share offer for Riversdale

Bryan Frith WHETHER the market is correct in continuing to punt on a higher bid for Riversdale Mining despite the target board’s unanimous recommendation of Rio Tinto’s $3.9 billion cash offer of $16 a share remains to be seen, but if there are any parties considering a rival offer they have more time in which […]

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Dollar higher after Producer Price Index hit

Dollar higher after Producer Price Index hit

James Glynn THE Australian dollar rose yesterday despite being briefly rocked by news that growth in producer prices in the fourth quarter was much more sluggish than expected, increasing the chances of the central bank holding interest rates steady next week. The Australian Bureau of Statistics said producer prices rose 0.1 per cent in the […]

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