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Regional Indices

By Jonathan on Wednesday, October 12th, 2011 | No Comments

Straits Times Index Hang Seng Cash Shanghai Stock Exchange

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BBC News – Business
- Lloyd's 'devastated' at sexual misconduct report
  Boss John Neal admits there are "issues we've got to tackle" at the 331-year-old insurance market.
- Inflation surprise as computer game prices drop
  The cost of living dropped to 1.7% in August as games and download prices fell.
- House price growth slowest for seven years, says ONS
  The latest figures show the biggest drop in prices in the last year was in the North East of England.
- Cobham: National security fears threaten defence takeover
  The government is looking into Advent's £4bn takeover bid for British defence firm Cobham.
- Lord of the Rings returns to New Zealand with Amazon TV show
  The TV series produced by the US e-commerce giant has been tipped to be the most expensive ever made.
- Shampoo tycoon: 'leave the details to the experts'.
  Shampoo tycoon: 'Don't try to solve all the technical problems. Leave the details to the experts.'
- The robot that cleans floors and tells jokes
  More than 100 fully autonomous cleaning robots are coming to Singapore this year, made by local manufacturer Lionsbot. Ella's job is cleaning the floors at the National Gallery.
- Why the Fed's interest rate move matters
  The Federal Reserve, the US central bank, is expected to cut its main interest rates on Wednesday.
- 'My derelict pub still got TripAdvisor reviews'
  TripAdvisor says it is winning the fight against fake reviews using fraud detection technology.
- Cash machines closing fastest in poor areas, chancellor told
  Consumer group Which? urges the chancellor to act over the loss of free ATMs in poor communities.
Reuters: Business News
- Exclusive: Where's the beef? Argentine ranchers hope more is headed for China
  Cattle ranchers in Argentina, which recently edged out neighbor Brazil as the top exporter of beef to China, are hoping to build on that status by getting more local meatpacking plants approved by Beijing, industry officials and other sources told Reuters.
- Oil steps back on Saudi supply reassurance, focus shifts to Fed
  Oil prices cooled on Wednesday as Saudi Arabia said full oil production would be restored by month's end while caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.
- Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions
  The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters, an assessment that further increases tension in the Middle East.
- Guggenheim's Minerd says aggressive Fed moves can delay recession, but not avoid it
  Guggenheim Partners global chief investment officer Scott Minerd warned on Tuesday the firm's recession forecast model showed a 58% chance of the economy being in a recession by mid-2020, and a 77% chance of one beginning in the next 24 months.
- Costly Saudi defenses prove no match for drones, cruise missiles
  Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.
- French President Macron calls Saudi crown prince on Aramco attacks: press
  The Saudi Arabian Crown Prince Mohammed bin Salman received a phone call from the French President Emmanuel Macron on Tuesday to discuss the attack on oil facilities owned by Saudi Aramco, according to the state news agency SPA.
- Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules
  A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.
- U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers
  U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers.
- Walmart likely discriminated against female workers, U.S. agency says
  Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.
- White House says not involved in contract talks with GM, UAW union
  The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said.
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