Our roundup of the latest and breaking news, headlines and top stories from the world's most trusted news sources.
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June, 28, 2014 from Moneycontrol Top HeadlinesTo make the budget exercise look more realistic, Arun Jaitley should water down some of “optimistic†projections made in the interim budget, even if it means raising the fiscal deficit target, says a Deutsche Bank report.
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June, 28, 2014 from MercoPressThrough an official press release published on Friday afternoon, the Argentine government stated US Federal Judge, Thomas Griesa, attempted to “block the payment for bondholders,” and committed an abuse of authority, after cancelling the...
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June, 28, 2014 from MercoPressForeign Office minister Hugo Swire was on a five day visit to Costa Rica, Guatemala and Colombia this week, following recent elections in both countries and with the purpose of expanding political and trade relations.
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June, 28, 2014 from Moneycontrol Top HeadlinesWith a host of proposed moves likely to impact the Logistics sector in the upcoming Rail Union Budget, Allcargo expects a re-rating of the sector after witnessing a couple of dull years.
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June, 28, 2014 from Moneycontrol Top HeadlinesThe new government will present its maiden Union Budget on July 10 and not surprisingly, expectations are running high. The reasons are obvious. The National Democratic Alliance government swept to power with a thumping majority and on p...
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June, 28, 2014 from IBTimes.co.uk : EconomyThe low-down on Europe's three newest friends.
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June, 28, 2014 from Moneycontrol Top Headlines"The relaxation of FDI laws, an improvement in the availability of data and strengthening of regulations in the real estate sector will improve FDI in the sector in the near future," the report said.
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June, 28, 2014 from IBTimes.co.uk : EconomyGovernment releases official statement, criticising US judge's decision to block payments to creditors.
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June, 28, 2014 from IBTimes.co.uk : EconomyMajor central banks in the week to 4 July will most likely boost risk appetite.
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June, 28, 2014 from Fin24 EconomyCosatu says the government is having second thoughts about e-tolls, followings news that plans are afoot to commission a panel to assess the impact of the system.
- We noted previously the comedic melt-up in stocks in the last few minutes of the day but away from the simple-to-see shenanigans in VIX and the major equity indices, Nanex shows a massive number of stocks experienced a stunning coordinat...
- A state economy is nothing without the businesses that call it home . But, as WaPo notes , those businesses are not created equally - bigger businesses naturally have outsized influence, generating more revenue, paying more taxes and emp...
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June, 27, 2014 from NYT > EconomyPresident Obama portrayed congressional Republicans as cowed by activists who refuse any bipartisan compromise.
- While the growth of China's ghost cities of entirely derelict and unlived-in residential real estate have become anathema; the story of the nation's 'if we build it they will come' commercial real estate bubble has been l...
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June, 27, 2014 from Reuters: Economic News(Reuters) - The U.S. decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with other types of crude too, according to...
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June, 27, 2014 from Reuters: Economic News(Reuters) - The U.S. decision allowing minimally processed super-light oil known as condensate to be freely exported may open the door to doing the same with other types of crude too, according to...
- Submitted by David Stockman of Contra Corner , The economic releases of the past few days are putting the lie to the Keynesian escape velocity myth. The latter is not just around the corner - and 2014 is now virtually certain to mark the...
- When we reported yesterday that Obama had submitted yet another $500 million funding request to arm "moderate" Syrian rebels as opposed to extreme al-Qaeda cannibals and other ISIS faithful, we noted the glaring oversight at the heart of...
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June, 27, 2014 from Reuters: Economic NewsRIO DE JANEIRO (Reuters) - Brazil's central bank did not announce so far on Friday a usual auction to roll over currency swaps that are set to expire early next month, a sign it wants to slow recent...
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June, 27, 2014 from Reuters: Economic NewsNEW YORK (Reuters) - A U.S. judge on Friday called Argentina's decision to make a sovereign debt payment in defiance of a court order an "explosive action" and told Bank of New York Mellon to return...
- While Marc Faber has said "I will never sell my gold," he also noted "I like the idea of Bitcoin," and the battle between the 'alternative currencies' continues. The following infographic provides a succinct illustration of the similarit...
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June, 27, 2014 from Reuters: Economic NewsBUENOS AIRES (Reuters) - Argentina on Friday said U.S. District Judge Thomas Griesa was trying to "provoke a default" by keeping the South American country from paying its debt in what it called an...
- Jeff Deist, of The Mises View, explains how the Fed has created a perilous landscape in which there is no 'honest' pricing left - everything has been distorted . As David Stockman exclaimed, "The system we have now is one in which the Fe...
- Despite exuberant Services and Manufacturing PMIs, Bloomberg's index of CEO sentiment remains stagnant near 2014 lows as April's hope for Q2 has faded into 'more of the same' by June. As Bloomberg's Rich Yamarone points out, in reality (...
- Paul Warburg - the oft-cited 'father of the Federal Reserve' - pushes back on those who see him as favoring the issue of 'fiat money'... No one, he writes, "has given more time and energy to "the fight for sound money," adding a warning ...
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June, 27, 2014 from NPR Topics: EconomyEuropeans throw away about 90 million tons of food each year. A new German website aims to ratchet that number down a bit by connecting people with leftovers to spare with people who could use them.
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June, 27, 2014 from International Business TimesEvery week thousands of homeowners in Detroit watch their water get cut off due to unpaid bills. City officials say they’re doing what they can to help poor customers, but the United Nations and local community organizers have spoken out...
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June, 27, 2014 from EconomyAuthor: JEDDAH: ARAB NEWS Sat, 2014-06-28 03:00 DUBAI: Saudi Arabian retailer Fawaz Abdulaziz Alhokair Co. RB metadata ID: 1403903471537949900 read more
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 LONDON: Gulf private equity firm Investcorp has ended talks to acquire a majority stake in the Italian fashion house Roberto Cavalli, several sources familiar with the deal said. RB metadata ID...
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June, 27, 2014 from EconomyAuthor: ARAB NEWS Sat, 2014-06-28 03:00 AL-ASEEL OIL FIELD, Egypt: Egypt's oil minister has said that BP's $10 billion gas project, stalled for three years, had restarted and that production would begin in 2017, a sign of progress ...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 BELGRADE: Serbia has unveiled plans to redevelop the Belgrade waterfront, aiming to make the capital a tourism and business hub, in a controversial 3 billion euro scheme that will be funded by ...
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June, 27, 2014 from EconomyAuthor: ABU DHABI: ARAB NEWS Sat, 2014-06-28 03:00 Yusuffali M.A., head of Lulu group, Middle East’s retail major, and non-resident India (NRI) businessman, won the Abu Dhabi Chamber election held yesterday with a thumping majority...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 DUBAI: A joint venture of Saudi Basic Industries Corp. A general view shows the headquarters of Saudi Basic Industries Corporation (SABIC) in Riyadh. RB metadata ID: 1403903471417949300 r...
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June, 27, 2014 from EconomyAuthor: DUBAI: ARAB NEWS Sat, 2014-06-28 03:00 Dubai Investments PJSC (DI), an investment company listed on the Dubai Financial Market (DFM), has announced the divestment of 66 percent equity stake in its pharmaceutical subsidiary ...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 SINGAPORE: Asia will spearhead gains in global equities in the coming year as ample central bank liquidity boosts shares, according to a worldwide Reuters poll that pointed to more modest gains...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 PARIS: Airbus is set to upgrade its A330 with engines provided exclusively by Rolls-Royce, setting the stage for a bitter new phase in a battle for wide-body jet orders with Boeing’s 787 Dreaml...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 DUBAI: Bond investors’ confidence in Dubai is surviving two tests at once, with bond prices staying strong even as the stock market tumbles and concern mounts over volatility in the real estate...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 DUBAI: Saudi Arabia’s Yanbu National Petrochemical Co. (Yansab) has proposed a cash dividend of SR1.5 per share for the first half of 2014, the company has said in a statement. RB metadata ID:&...
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June, 27, 2014 from EconomyAuthor: REUTERS Sat, 2014-06-28 03:00 DUBAI: Oman’s Electricity Holding Company, the holding firm for all electricity firms in the sultanate, plans to raise 800 million rials ($2.08 billion) from a loan or bond issue by the middle ...
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June, 27, 2014 from Reuters: Economic NewsWASHINGTON (Reuters) - Quantum Energy Inc , a U.S. energy venture, intends to build a network of "micro refineries" that would produce fuel fit for export, an executive said on Friday.
- Submitted by Lance Roberts of STA Wealth Management , "Ah, is it just me or does anybody see The new improved tomorrow isn't what it used to be Yesterday keeps comin' 'round, it's just reality It's the same damn ...
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June, 27, 2014 from NYT > EconomyTacoma, Wash., Seattle and other West Coast ports are spending billions on upgrades to keep themselves competitive in the overall fight for foreign trade.
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June, 27, 2014 from NPR Topics: EconomyFor much of the past 14 years, Argentina has grappled with its international creditors over how much it has to pay them. A deadline set by the U.S. Supreme Court is coming up, a date that's expected to bring the dispute to a head.
- Before 330ET, the Nasdaq was the lone survivor in the green this week despite every effort to spark short squeezes and ramps day after day - but that all changed as the ubiquitous late-Friday buying panic occurred of course - lifting sto...
- Fact or Fiction... Noting that it has had thousands of years to develop a more agreeable option, humankind expressed bewilderment this week that it has yet to devise a better alternative to governing itself than always letting power-hung...
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June, 27, 2014 from Economics | The GuardianNew York judge blocks $500m payment to creditors in ruling that favours 'predatory' hedge funds over debt restructuring plan A US judge has blocked a $500m (£290m) payment by Argentina to creditors due on Monday, pushing South Amer...
- The news that hundreds of thousands of people will lose water supplies is not a stunning headline anymore - poor old Ukraine... or Iraq. However, this time, the 'it couldn't happen here' crowd might be stunned to hear that The Motor City...
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June, 27, 2014 from EconomyBoth food and gas prices are on the rise, and the link between them could cause more consumer headaches this summer.
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June, 27, 2014 from EconomyConsumers will have to pay more for food at the check-out stand due to the drought that's hitting the Southwest.
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June, 27, 2014 from Fin24 EconomyA special committee will be tasked with strengthening co-operation between the government, communities and the industry in the North West, says the premier.
