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Feb 10, 2013

A ROUNDUP of news in finance, economics and business from around the world:

INTERNATIONAL NEWS

PARIS - The Europe-wide scandal over horsemeat sold as beef has spread as leading French retailers pulled products from their shelves and France promised to have the results of an inquiry within days.

STOCKHOLM - Frozen food producer Findus Nordic says it will sue French firm Comigel and its suppliers after horsemeat was found in its beef lasagnes.

BUCHAREST - President Traian Basescu says he fears lasting damage to Romania's reputation if a Romanian meat supplier is found to be at fault over Europe's spiralling horsemeat scandal.

WASHINGTON - The US is vulnerable to cyberattacks that could shut down financial services or destroy information that companies need for daily operations, the chairman of the House Intelligence Committee says.

LONDON - Scotland should keep the pound if it votes to leave the United Kingdom in the 2014 referendum, First Minister Alex Salmond's economic advisers have concluded in a report due out on Monday.

LONDON - Barclays boss Antony Jenkins will attempt to break from the bank's scandal-hit past this week by announcing the closure of its tax avoidance unit and the cull of about 2000 investment banking jobs, it has been reported.

DUBAI - Dubai's Emirates Airlines says its year to March 2013 income is seen rising by 18 to 20 per cent, as the emirate officially opened the world's first concourse dedicated to Airbus A380 superjumbos.

MADRID - The Americas and Asia are the main engines of growth for Melia Hotels International, although the Spanish and European markets remain important also, the Spanish firm's vice president for development, Maria Zarraluqui, says.

WELLINGTON - Eastern Bay of Plenty electricity lines company Horizon Energy has chopped its forecast earnings because of regulation costs, buying its Aquaheat business and warned there may be more to come due to its exposure to the Mainzeal collapse.

WELLINGTON - The New Zealand dollar recovered some ground after figures showed a shrinking US trade deficit and gains on Wall Street helped stoke risk appetite.

NEW YORK - Crude oil prices closed mixed on Friday as investors weighed a big supply in the US, encouraging trade data from China and renewed tensions with Iran.

LOCAL NEWS

SYDNEY - The Australian dollar is slightly higher after China and the US both reported improvements to their international trade balances.

SYDNEY - The Australian market looks set to open lower despite gains on US and European markets at the end of the week.

BRISBANE - Several hundred coal haulage workers have ended a 48-hour strike at Australia's largest private rail freight firm Pacific National.

 

 

http://www.theaustralian.com.au/business/breaking-news/international-financial-news/story-e6frg90f-1226575064562

Visibility: Everyone
Posted: Sunday February 10, 2013, 6:53 pm
Tags: international cooper review chung [add/edit tags]

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Tim C. (1751)
Monday February 11, 2013, 2:01 am
Thanks Pokn's sharing.

Tim C. (1751)
Monday February 11, 2013, 2:02 am
Thanks for Pokh.

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Pokh Knot
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Mar
28
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\nT.D.writes: I invested in carbon credits that I bought from MH Carbon Limited, after the company told me that businesses buy these credits. Mine were supposed to be sold in October. \r\nWhen October came I was told that while I stood to make a 20 ...
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\nLONDON: Many global commodity markets fell this week as traders worried that the Cyprus situation would reignite the eurozone\'s sovereign debt crisis and dent global demand for raw materials. However, precious metal gold won ground as many investors ...
Mar
15
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\nAre you worried in Cleethorpes about the impact the current cold snap is having on your home heating bills? It could be time to get Ready to Switch.\r\nNorth East Lincolnshire Council has joined Ready to Switch – a free scheme that could hel...
Mar
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\nhttp://epsiloncapitalmg mt.blogspot.nl/2013/03/dc -government-employees-not -yet-offered.html\r\n&nbs p;\r\nWASHINGTON (AP) — Leaders from across the District of Columbia municipal government gathered last April for a summit on cybersecurity, wher...


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