Global business outlook plummets to five year low, says Markit Economics
Global business outlook has fallen to a five-year low, according to October’s Markit Global Business Outlook Survey. Optimism among 6,100 companies in the world’s...
Supermarket price war destroying food producers
The fierce supermarket price war in the UK is killing off food producers, as accountancy firm Moore Stephens reported on Monday that so far...
Craig Martin retiring as CEO and President of Jacobs Engineering Group
Craig L. Martin will be retiring as CEO and President of Jacobs Engineering Group Inc on December 26, 2014.
Martin, who has worked at Jacobs...
Canadian dollar rallied to a three-week high against the US dollar
The Canadian dollar rallied to a three-week high against the US dollar on Friday following Canadian inflation data that was stronger than expected.
Canada’s inflation...
Do Labour champagne socialists no longer represent the working classes?
It is one thing to say you are a socialist, and another to say you are and live in a £3 million home. But...
China cuts rates, less profitability for lenders
The Chinese central bank unexpectedly cut rates on Friday, reducing the benchmark lending rate by 0.4 percent down to 5.6 percent, and lowering its...
Medibank flotation $5.7bn proceeds to be invested in infrastructure
The flotation of Medibank, Australia’s biggest private health insurance company, will earn the Government $5.679 billion. Finance Minister Mathias Cormann said the proceeds will...
Offshore yuan center being created in California, says ICBC
Los Angeles signed an agreement with China's Industrial and Commercial Bank (ICBC) to create an offshore yuan center in California as a means of...
Brazil’s JBS buys Australia’s Primo Smallgoods for $1.45bn
The world’s largest food-processing company, JBS S.A., is buying the southern hemisphere’s largest producer of ham, bacon and *smallgoods, Primo Smallgoods, for $1.45 billion.
*Smallgoods”...
Fed to tighten commodities rules for Wall Street banks
The Federal Reserve is planning on making it more difficult for Wall Street banks to place large bets in the commodities markets, according to...