Home » December 28th, 2010 Entries posted on “December, 2010”

Winding road to top gives tyre chief a steady grip

Judith Swales has taken a circuitous route from helping out on a milk run to being chief of Goodyear & Dunlop Tyres Australia. Source: The Australian

By Lyndall Crisp WHEN she was four, Judith Swales helped her older siblings deliver milk around Silsden, the village in North Yorkshire. The experience taught her two valuable lessons: responsibility and how to build a good relationship with customers. The road from milk run to chief executive and managing director of Goodyear & Dunlop Tyres […]

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Companies ‘hide bad news’, says ASIC

ASIC chairman Tony D'Aloisio Source: The Australian

By Damon Kitney A NUMBER of top 200 listed companies are failing to properly report their profit results in an effort to hide “bad news” from investors. This come in a landmark survey by the corporate regulator. The Australian Securities & Investments Commission has for the first time reviewed the quality of the disclosures contained […]

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Blizzard Hurts Retailers; Post-Christmas Shoppers Stay Home

U.S. retailers expecting to ring up sales on the day after Christmas may have to intensify discounts after an East Coast snowstorm slammed the region yesterday, disrupting one of the busiest shopping days of the year.

By Chris Burritt and Burt Helm U.S. retailers expecting to ring up sales in the days after Christmas may have to intensify discounts after a snowstorm slammed the East Coast yesterday, disrupting one of the busiest shopping days of the year. Parts of New York and New Jersey got as much as two feet of snow […]

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The Engine of the World

SAFE VOYAGE: Workers prepare the tanker Santana at Haimen Port of Zhejiang Province for its new mission. The tanker is loaded with chemicals bound for Greece (WANG TIANRONG)

By LAN XINZHEN China’s contributions have helped the global economic recovery move forward as uncertainties about 2011 begin to surface Taking the festive season to heart, China engaged in economic gift giving to the tune of trade contracts worth more than $20 billion with Pakistan by a delegation of representatives from Chinese enterprises during their […]

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China Tightening May Be Front-Loaded to Tackle Inflation

Chinese Premier Wen Jiabao warns of double-dip recession Read more: http://www.news.com.au/business/chinese-premier-wen-jiabao-warns-of-double-dip-recession/story-e6frfm1i-1225840647902#ixzz19KOK6KDH

China’s monetary tightening in 2011 may be mainly in the first half as officials tackle the fastest inflation in more than two years, JPMorgan Chase & Co. and Morgan Stanley said. The People’s Bank of China increased key one-year lending and deposit rates by 25 basis points on Christmas Day in its second move since mid-October. […]

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Top Stories: Business and Finance

The following are the day’s top business stories: 1. China Rate Increases in 2011 May Be Front-Loaded as Inflation Accelerates 2. Euro Pain Turns to 23% Gain for Europeans Pumping Cash Into S&P 500 Rally 3. Japanese Stocks Rise as Oil, Metal Prices Advance; Elpida Gains on Tie-up 4. Consumer-Backed Bond Sales to Diminish After […]

Posted in Global News | Read More »

Serbian Austerity Plan to Aid Bonds, Credit Rating, Finance Minister Says

By Gordana Filipovic Serbia’s efforts to rein in public spending may win the country its first-ever credit rating upgrade and attract bond investors, the finance minister said. A chance for lower borrowing costs that would follow from a higher debt rating will require the state deficit to remain at 4.1 percent of gross domestic product next […]

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Windows Phone 7 Sales, ARM and Nokia Rumors Dominated Microsoft Week

By: Nicholas Kolakowski Microsoft offered some Windows Phone 7 sales numbers, while rumors of ARM and Nokia partnerships swirled around the company ahead of CES. Microsoft’s week was filled with rumors about its announcements at the upcoming Consumer Electronics Show. On Dec. 21, Bloomberg reported that Microsoft would use the show to debut a version of […]

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Solar-powered plane breaks world record

By Lewis Smith A solar-powered pilotless plane which was built in the UK has been recognised as having smashed the world record for the longest time spent in the air by an unmanned autonomous vehicle (UAV), after staying aloft for two weeks. The record-breaking flight took place in July over the US and has now been […]

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Financial Times names Steve Jobs Person of the Year

By: Jeffrey Van Camp Calling the iPad a cap on a remarkable comeback story, the Financial Times has named Steve Jobs its Person of the Year. Time may have named Mark Zuckerberg Person of the Year, but the Financial Times disagrees. The magazine has given Apple CEO Steve Jobs the top spot for 2010, citing the […]

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