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Need more positive signs before scaling back stimulus, says Bernanke
WASHINGTON - Chairman of the Federal Reserve, Ben Bernanke Wednesday said it was too soon to scale back the monetary stimulus and the central bank needs to see further signs of traction before taking a decision. A decision to scale back the $85 billion in bonds the Fed is buying each month could come at one of the central bank's "next few meetings" if the economy looked set to maintain ...
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April sees Japan trade deficit jump to 879.9bn yen
TOKYO - Japan's trade deficit rose substantially more than expected in the month April to 879.9 billion yen ($8.6 billion), which is a 70% jump over the trade deficit during the corresponding month a year earlier, the Finance Ministry said Wednesday.. The deficit, for the tenth consecutive month, was wider than what many economists had forecast. A survey from the Nikkei business daily ...
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Breakthrough research shows Vit C kills drug resistant TB
WASHINGTON - Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
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UK urged by IMF to bring forward high value spending
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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US delegation to urge labour reforms in Bangladesh
DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...
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Movie Review
I Am Curious—Yellow (Jag är nyfiken—en film i gult) [DVD]
I Am CuriousYellow would mostly likely be a forgotten movieleft somewhere in the multitudinous ranks of 1960s experimental avant-garde films that mix sex and politicsif the U.S. Customs Office hadnt seized the first copy being imported by its distributor, Grove Press, into the United States in 1968. In its misguided attempt to protect decent American citizens from Swedish obscenity, the gov ... ...
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Work starts on creation of new Dubai island
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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European stocks dive after Tokyo plunge
LONDON (AFP) - European stock markets slumped in early trading on Thursday, with most indices losing more than 2.0 percent after Tokyo shares plunged owing to weak Chinese data and signs that the US Federal Reserve may soon taper massive stimulus measures, analysts said.London's benchmark FTSE 100 index retreated 1.74 percent to 6,720.88 points, Frankfurt's DAX 30 slumped 2.33 percent ...
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Asian Stocks Tumble On Fed Talk China Growth Concerns
Asian stocks tumbled on Thursday after minutes of the Federal Reserve's April 30-May 1 meeting revealed "a number" of members favor tapering the central bank's $85-billion bond-buying program as early as the June meeting if the labor market continues to improve. Fed chief Ben Bernanke also hinted that an exit could be initiated in the "next few meetings" if the ...
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Indian stock markets trade hitting fresh intra-day low Thursday
Business India News: Indian stock markets have hit fresh intra-day low, owing to selling pressure in SBI and Larsen & Toubro. Negative cues from Asian markets have added to the bearish sentiment this afternoon, taking the Sensex to a low of 19,686. The index is now down 367 points, or nearly 2% at 19,695. Nifty is down 119 points at ...
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Being gay in the finance industry | Joris Luyendijk
A product control worker tells Joris he doesn't face real homophobia, but that he doesn't see gay people in front-office trading positions. Join him in the ...
Quotable Quotes
Nothing will ever completely replace playing the game I love, however I feel like I'm starting a new adventure and I'm genuinely excited about what lies ahead. I'm fortunate to have been given many opportunities throughout my career and now I feel it's my time to give back.
David Beckham
The world's best known footballer was speaking after formally announcing his retirement.
Hotel Review
Swiss-Grand Resort & Spa, Bondi Beach, Australia
Perfectly positioned alongside Sydney's World famous Bondi Beach, the Swiss-Grand is a great hotel, packed with uniqueness and extras. At ...
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Charlotte Star – News Updates from Charlotte and North CarolinaThe Charlotte Star is essentially a local Charlotte newspaper, but with a national and international perspective, designed to provide readers with a one-stop shop for Charlotte, national US, regional, and world news coverage, weather and sports information, with live updates on breaking business stories, and what's happening in the financial markets.
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