Global News

Daimler announces large Q1 profit fall

Apr 24 2013 @ 16:01
Down from €1,425 million in 2012 to €564 million in 2013 Daimler AG (stock-exchange symbol DAI) achieved earnings below the prior-year level in the first three months of 2013. The Daimler Group posted first-quarter EBIT of €917 million (Q1 2012: €2,098 million). Net profit amounted to €564 million (Q1 2012: €1,425 million). Earnings per share […]

Fitch announce Asia-Pacific Highlights

Apr 22 2013 @ 08:51
Monthly report by ratings agency Fitch sees LG Electronics downgraded to BBB- Fitch Ratings has published the latest edition of its Asia-Pacific monthly newsletter. The ‘Asia-Pacific Monthly’ is one of the most viewed reports on the Fitch website. In March, Fitch became the first international rating agency to upgrade the Philippines to Investment Grade (Fitch […]

UK OFT Questioning GSK's Reputation

Apr 19 2013 @ 09:20
“Reputation is an idle and most false imposition; OFT got without merit, and lost without deserving.” ~ William Shakespeare The share price of GlaxoSmithKline (LSE:GSK) plunged 12.0 pence to 1646.0 by mid-afternoon following allegations by the Office of Fair Trading (OFT) that GSK may have illegally delayed the introduction of generic drugs in order to […]

Nokia closes loss gap but shares fall

Apr 18 2013 @ 15:00
339m-euro loss compared to 1.57bn in 2012 Nokia shares have fallen by 13% after the smartphone manufacturer announced it had made a loss of 339m-euros in the first quarter of 2012. The company saw a 13% decrease in sales of its Lumia brand, contributing to a 20% fall in revenue to 5.85bn-euros from 7.35bn. Commenting […]

The Australian Car Industry

Apr 18 2013 @ 07:38
The Australian car manufacturing industry cannot survive. Just one week after Holden reluctantly revealed the true value of taxpayer support it received over the past 12 years (an incredible $2.18 billion) the company declared it would axe a further 500 manufacturing and engineering workers. The Australian taxpayer has tipped an incredible sum into the local […]

"Things Could Become Very Serious" in China

Apr 17 2013 @ 09:51
Those were the words of Zhang Ke of the Chinese accounting firm ShineWing as he told reporters that local government debt in the country is “out of control.” Mr. Zhang said that ShineWing “audited some local government bond issues and found them very dangerous, so we pulled out.  Most don’t have strong debt servicing abilities. […]

You need to follow the price of Gold

Apr 17 2013 @ 05:23
If you want to know which way gold is going to move the best thing to do is watch it every day on ADVFN and you should build up a feel for its real value. Gold should be a small part of your investment portfolio and nothing beats keeping tabs on your investments and the […]

IMF: The Road to Recovery Will Remain Bumpy

Apr 16 2013 @ 16:03
Earlier today, the International Monetary Fund released its semi-annual World Economic Outlook, subtitled “Hopes, Realities, Risks.” From a 30,000 foot view, the IMF thinks that the world economy is beginning to recovery from a slow 2012 although risks to the economy are still being considered high “in the medium term.”  The report cited two major […]

Why gold is down

Apr 16 2013 @ 05:04
Gold crashes because… There is always a reason in the media when big things happen. The market is up a lot one day because QE is failing so there is more to come. The next day the market is up because QE is succeeding so the economy is better. I remember a company I ran […]

When ‘As Good As Gold' Is Not

Apr 15 2013 @ 18:00
“There’s fool’s gold—pyrite—and then there’s fool’s gold—gold owned by idiots willing to trade it for worthless dollars.” ~ Jarod Kintz Some blame Cyprus.  Others blame China.  Yet others blame the U.S.  Regardless of whom you choose to blame, the price of gold has declined in the last two days of trading from $1,561 per ounce […]
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