Most interesting finance and busines news.
Dubai’s shipyard operator DryDocks World has filed a claim with a special tribunal in the city-state as part of an effort to push forward its $2.2 billion debt restructuring.
Court records show the Dubai World Tribunal is scheduled to hear a case Monday filed by the company involving Decree No. 57, a law issued by Dubai’s […]
Filed under: management, news by Guru
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Federal Reserve’s balance sheet contracted slightly in the latest week, Fed data released on Thursday showed.
The Fed’s balance sheet - a broad gauge of its lending to the financial system - stood at $2.861 trillion on March 28, down from $2.8756 trillion on March 21.
The Fed’s holdings of Treasuries totaled $1.665 trillion as of […]
Hong Kong picks its new chief executive today, after a campaign marked by personal scandals, public discontent over a widening wealth gap and protests for greater democracy.
A 1,193-member committee of billionaires, including Hong Kong
Filed under: Uncategorized, legal by Guru
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Canadian banks, bolstered by profits per employee 31 per cent higher than U.S. lenders, added more than 2,800 workers in the most recent quarter while Bank of America Corp. and Washington Mutual Inc. shed thousands of jobs.
For every worker hired at one of Canada
Filed under: Uncategorized, marketing by Guru
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Oil prices fell to near $107 a barrel Tuesday in Asia, slipping from close to 10-month highs ahead of new data on the U.S. economy.
Benchmark oil for April delivery was down 80 cents to $107.29 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.03 […]
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Let’s answer a couple of reader questions on money market funds and ancient certificates of deposit.
What do I tell my mother who is wondering if she should put all her money out of money market accounts so that she won’t lose any of her money? Are they not insured by FDIC? — L.J., Kirkwood
That depends […]
The number of Americans filing claims for jobless benefits rose to 362,000 last week, a level consistent with an improving labor market.
Applications for unemployment insurance payments increased by 8,000 in the week ended March 3, Labor Department figures showed today. Economists forecast 352,000 claims, according to the median estimate in a Bloomberg News survey. […]
Filed under: Uncategorized, online by Guru
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It’s boom times once again for Ohio’s manufacturing industry.
Manufacturing, the largest sector in the Buckeye State’s economy, is revving up production and employment after being hit hard by the Great Recession.
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Filed under: Canada, Uncategorized by Guru
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An inquiry into Australian media prompted by last year’s News Corp. scandal recommended on Friday better oversight of the industry and called for the establishment of a government-funded council to set and enforce journalistic standards.
The investigation was launched after Rupert Murdoch’s News Corp. closed its top-selling British tabloid, News of the World, last year over […]