Business and Finance news
March 6, 2012
Chinese Finance Minister Xie Xuren said the nation may expand property-tax trials, as the government prolongs efforts to cool the real-estate market, make housing affordable and limit asset bubbles.
Taxes can guide housing demand, Xie said at a press briefing in Beijing today during the annual meeting of the National People
March 1, 2012
The official who supervised the U.K. police’s much-criticized initial inquiry into Britain’s phone hacking scandal says a crush of terrorism cases meant he had no choice but to curtail media investigation.
Former Scotland Yard counterterrorism chief Peter Clarke says his force was so stretched by the threat of al-Qaida attacks in 2005 it had to enlist […]
February 24, 2012
German business confidence rose more than economists forecast to a seven-month high in February as Europe
management, real estate - Comments closed
February 22, 2012
The Asian Development Bank said it is in talks with donor countries to fund at least $12 billion required for loans and grants to projects in poor countries from 2013 to 2016.
The Asian Development Fund will need an estimated $12 billion to $13 billion for the period, and negotiations with donors to restock the […]
February 21, 2012
Construction giant URS Corp. is acquiring the Canadian oil and gas contractor Flint Energy Services Ltd. for $1.25 billion in cash.
URS, based in San Francisco, said Monday that the deal will significantly expand its presence in the oil and gas industry. It will add to URS’ earnings this year and boost oil and gas revenue […]
Uncategorized, business - Comments closed
February 13, 2012
Confidence among U.S. consumers declined more than forecast in February as growing optimism about job prospects failed to ease concern wages will stagnate.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January, a one-year high. The median estimate in a Bloomberg News survey called for 74.8. Another […]
money, technology - Comments closed
February 9, 2012
In his first 100 days as European Central Bank President, Mario Draghi has taken unprecedented action to tackle the sovereign debt crisis. Greece may push him even further into unknown territory.
Draghi will today face questions on the ECB
marketing, real estate - Comments closed
February 8, 2012
Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.
The approval from Chinese banking authorities was announced by the bank’s parent, Citigroup (, Fortune 500), Monday. The card is expected to be issued sometime later this year.
"This approval represents a significant milestone in […]
February 4, 2012
What Would Jesus … Deduct?
President Obama offered a new line of reasoning for hiking taxes on the rich on Thursday, saying at the National Prayer Breakfast that his policy proposals are shaped by his religious beliefs.
Obama said that as a person who has been "extraordinarily blessed," he is willing to give up some of […]