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...
OPEC giant split set to occur at next meeting
When OPEC next meets in Vienna on November 27th, don’t be surprised if there is a giant acrimonious split between those who want oil...
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...
Microsoft testing K5 robot security guards by Knightscope
Microsoft is testing out the "K5" robot security guards that can move autonomously and are equipped with advanced cameras and sirens and alarms that chime off...
Judge approves Apple’s $450 million E-book settlement
A federal judge in New York has approved Apple Inc’s $450 million settlement over E-book price fixing.
The final approval, which was granted by Judge...
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...
What is an annuity?
An annuity is a contract you make with an insurance company in which you pay a lump sum or contribute a series of payments...
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...
Eurozone and China central banks move to boost economic growth
The European Central Bank’s (ECB’s) and the People’s Bank of China’s moves to boost economic growth on Friday pushed up stocks across the globe,...