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Archive for  December 2012

    • News Desk
    • Dec 18th, 2012
    • Comments Off on Merkel warns eurozone crisis will go into 2013

    German Chancellor Angela Merkel on Monday warned that the eurozone crisis is not yet over, calling it the biggest issue since German reunification. Speaking to foreign journalist in Berlin, Merkel said the eurozone crisis was

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    • News Desk
    • Dec 18th, 2012
    • Comments Off on Argentina slaps $6 million fine on HSBC subsidiary

    Argentina slapped a 30 million peso ($6 million) fine on a local subsidiary of global banking giant HSBC for failing to report suspicious transactions, authorities here said Sunday. Justice officials said that the fine had

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    • News Desk
    • Dec 18th, 2012
    • Comments Off on Spaniards ditch mobile phones in record numbers

    Recession-hit Spaniards ditched mobile phone lines in record numbers in October, with the two biggest operators continuing to haemorrhage market share to smaller rivals offering subsidies on handsets. Spain, where there are more mobile phones

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    • News Desk
    • Dec 18th, 2012
    • Comments Off on EU could make firms disclose network security breaches

    The European Union may force companies operating critical infrastructure in areas such as banking, energy and stock exchanges to report major online attacks and reveal security breaches, a draft EU report seen by Reuters on

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  • Australian shares slipped 0.2 percent in thin trade on Monday as investors began winding down ahead of the end of year holiday season, though the resource sector found support from firm iron ore prices, which

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    • News Desk
    • Dec 18th, 2012
    • Comments Off on Nikkei, Topix climb on LDP landslide win

    Japan's Nikkei average climbed to an 8-1/2-month high on Monday and a technical chart showed the rally may last, as the yen weakened after the conservative Liberal Democratic Party won a landslide election, calling for

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    • News Desk
    • Dec 18th, 2012
    • Comments Off on Monday’s early afternoon trade: confidence about ‘cliff,’ financials boost Wall Street

    US stocks rose on Monday on signs of positive developments in weekend negotiations over the "fiscal cliff," though trading volumes were light. Each of the S&P 500's 10 sectors was higher, led by financials, as

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  • Taiwan stocks fell 0.9 percent on Monday, weighed by Apple Inc suppliers including Largan Precision on concerns about their prospects after Apple shares dropped to their lowest cllose since February on Friday The main TAIEX

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  • Indian shares fell on Monday, led by a decline in Tata Consultancy Services, which was hit by worries over its outlook ahead of a meeting with analysts, while Bharti Airtel fell after a unit priced

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  • Sri Lankan stocks slipped on Monday in thin trading on worries over corporate earnings after a gasoline price increase raised concerns over inflationary pressures. The Colombo Stock Exchange's main index dipped 0.35 percent or 19.21

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