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Iran: War or Privatization: All Out War or "Economic Conquest"?
EXCERPT: "Washington has no interest in the imposition of a privatization program on Iran, as an "alternative" to an all out war. In fact quite the opposite. There are indications that the Bush adminstration's main objective is to stall the privatization program. "by ... Gannett Q2 Profits Down 36%, Shares Tank (GCI)
More pain in the newspaper business today."Thanks to a write-down of nearly $3 billion, we knew Gannett (GCI) was looking at an ugly Q2. And Gannett delivered, announcing 36% earnings drop in preliminary results...Siemens plans to cut 16,750 jobs
In Indonesia, Siemens product isn't that famous compare to Nokia. " Siemens plans to cut 16,750 jobs worldwide as the German conglomerate streamlines its operations to weather the economic downturn. The company employs around 400,000 staff worldwide. The cuts...Frenzied demand for Apple's new 3G iPhone in the UK
I was going to switch to the iPhone but I got a shock when I saw the price of the packages on offer here in the Republic of Ireland, especially as the Data bundle is limited to 1G:It will be available in an 8GB...Barclays 'to get cash infusion from major Japanese bank'
The UK banking sector certainly appears to have been stuck with a lot of sub-prime debt problems."Barclays Plc may be close to securing a 100bn yen (€594m) capital injection from Japan’s Sumitomo Mitsui Banking Corp. as part of the bank’s efforts to weather the impact...Bernanke and Paulson talking bull to support the dollar « Peter J. Cooper’...
" Then Bernanke will have to eat his words and dine on his own credibility and cut interest rates in response. That is perhaps why he has left interest rates at two per cent, and not gone for one per cent straight away. He is keeping some ammunition for the next stage of...Dubai’s plans worry the City of London « Peter J. Cooper’s Weblog
" Last week Standard Chartered chief economist Gerald Lyons told journalists in Dubai that he had recently been in a meeting with senior members of the UK government where, for the first time in his experience, genuine concern over the mounting competition from Dubai as a...Asian stock markets slump, Wall Street flat « Peter J. Cooper’s Weblog
"China led the Asian markets sharply lower with shares down 5.7 per cent in Shanghai, 3.5 per cent in Hong Kong and 2.5 per cent in Sydney. But after last Friday’s plunge the big cannons were out on Wall Street to steady nerves and head off a likely Black Monday."Kenya's Safaricom soars on debut
In the unsaturated mobile phone market of Kenya, the IPO launch of the mobile phone firm Safaricom saw great success."The stock rose as high as 8 Kenyan shillings ($0.13; £0.06) from a sale price of 5 shillings in...Telkom ready to buy back Singtel`s stake in Telkomsel
"Jakarta (ANTARA News) - State-owned telecommunication company PT Telekomunikasi Indonesia (Telkom) Tbk is ready to buy back Singapore Communications Ltd (Singtel)`s 36-percent stake in Telkomsel, a top Telkom official said."If Telkomsel shares are for sale, we are prepared...Microsoft exit hits Yahoo shares
Withdrawal of Microsoft bid has hit Yahoo badly. In the opening hours of trading at German bourses. " Yahoo's German-listed shares plunged 17% after software giant Microsoft dropped its three-month-old bid to buy the internet firm. Analysts expect Yahoo's US...The Concept of Wealth in Traditional Africa
"Most lineages in traditional Africa have a "family pot," a general welfare fund managed by the head of the extended family. Income-earning members are obligated to make contributions to this fund. Obligations vary...American bourses bouncing back
After a couple of month's bearish trend, American stock market is slowly recovering and even junks bonds are rallying. " Main Street may be struggling, but Wall Street is on a bit of a roll.Despite a drumbeat of bad economic news, the stock market is up — almost 11 percent... Yahoo and AOL are close to merging
Two of the biggest sites on the Internet are closer than ever to a merge, which would mean Microsoft is out of the loop."Yahoo Inc. and Time Warner Inc.'s AOL are closing in on a deal to combine their Internet... Microsoft evaluating Yahoo bid: source
"SAN FRANCISCO (Reuters) - Microsoft Corp is evaluating its bid for Yahoo Inc because the Internet company may have lost value since it made its offer, a person familiar with the matter said on Friday. The news,...
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