Archive for August, 2013

India could save $8.5 bln by buying extra Iranian oil -minister

August 31st, 2013

India could save $8.5 bln by buying extra Iranian oil -minister
NEW DELHI, Aug 31 (Reuters) – India could save $8.5 billion in foreign exchange spending on crude oil imports in 2013/14 if it relied more on supplies from Iran, which is able to accept payment in…


Source
Reuters: US Dollar Report

India cbank says not considering converting idle gold into bullion

August 31st, 2013

India cbank says not considering converting idle gold into bullion
MUMBAI, Aug 31 (Reuters) – The Reserve Bank of India said on Saturday it was not considering converting India’s idle gold into bullion according to a statement.


Source
Reuters: US Dollar Report

Slow pace of justice wears down Occupy Wall Street defendants

August 31st, 2013

Slow pace of justice wears down Occupy Wall Street defendants

Wall Street is written on a building in New York's financial districtBy Joseph Ax NEW YORK (Reuters) – Occupy Wall Street protesters who once vowed to "occupy" the courts by challenging their arrests on minor violations have since been defeated by the slow pace of justice, with many forgoing trial. As Occupy's two-year anniversary approaches on September 17, the movement that once captivated national attention has largely faded. Hundreds of protesters campaigning against economic inequality set up a makeshift encampment in a downtown Manhattan park, inspiring dozens of similar sites across the country. …

Source
Economy News Headlines – Yahoo! News

Japan panel backs sales tax hike coupled with stimulus

August 31st, 2013

Japan panel backs sales tax hike coupled with stimulus

Japan's PM Abe speaks during a news conference in DohaBy Stanley White TOKYO (Reuters) – Japan's government won backing for a controversial decision to raise the national sales tax in 2014 after influential members of a special advisory panel said the step would not threaten economic recovery or business confidence if it was coupled with other stimulus. "Japan's economy is steady at the moment and we should raise the tax as planned," Hiroshi Yoshikawa, a University of Tokyo economist told reporters on Saturday as he left the last session of a week-long, government hearing that also featured business leaders and consumer advocates. …

Source
Economy News Headlines – Yahoo! News

Problem in economy, markets? Investors should diversify and invest in equities – Economic Times

August 31st, 2013

Problem in economy, markets? Investors should diversify and invest in equities – Economic Times


Economic Times
Problem in economy, markets? Investors should diversify and invest in equities
Economic Times
"There are many problems in the economy and in the markets, certainly," Kelly said in an interview. Short-term losses could easily be on the way, and they could be painful. "But the answer for a long-term investor isn't to avoid risk," he said. "It is

Source
economy markets – Google News

A Homeless Silicon Valley Carpenter Built Himself This Amazing Treetop Retreat – Business Insider

August 31st, 2013

A Homeless Silicon Valley Carpenter Built Himself This Amazing Treetop Retreat – Business Insider


Business Insider
A Homeless Silicon Valley Carpenter Built Himself This Amazing Treetop Retreat
Business Insider
Walking the 65-acre homeless encampment called “The Jungle” in Silicon Valley with an outreach team of former homeless workers opens up a lot of doors — but not Troy's. Troy was reclined in a folding chair behind a green five-foot privacy screen when 

and more »

Source
"tree house" – Google News

Merkel presses for progress on regulation at G-20

August 31st, 2013

Merkel presses for progress on regulation at G-20
BERLIN (AP) — German Chancellor Angela Merkel says she’ll press for progress on financial regulation at next week’s summit of global economic powers, which comes ahead of Sept. 22 elections in which she’s seeking a third term.
Source
Economy News Headlines – Yahoo! News

Exclusive: U.S. pension funds press Caesars' private equity owners

August 31st, 2013

Exclusive: U.S. pension funds press Caesars' private equity owners
NEW YORK (Reuters) – Some U.S. public pension funds are pressuring TPG Capital LP and Apollo Global Management LLC to share more of the fees they withdraw from loss-making casino operator Caesars…


Source
Reuters: Money

UPDATE 1-Most Brazil IPOs have lost money since 2005 -Credit Suisse

August 31st, 2013

UPDATE 1-Most Brazil IPOs have lost money since 2005 -Credit Suisse
CAMPOS DO JORDÃO, Brazil, Aug 30 (Reuters) – Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit Suisse Group fund manager said on Friday,…


Source
Reuters: US Dollar Report

Most Brazil IPOs have lost money since 2005 -Credit Suisse

August 31st, 2013

Most Brazil IPOs have lost money since 2005 -Credit Suisse
CAMPOS DO JORDÃO, Brazil, Aug 30 (Reuters) – Many initial public offerings in Brazil have led to investor losses over the past eight years, a senior Credit Suisse Group fund manager said on Friday,…


Source
Reuters: US Dollar Report