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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Market Snapshot Stock futures flat no data Fed’s Evans to speak
MADRID (MarketWatch) -- U.S. stock market futures pointed to a flat open on Monday, with investors seen taking a breath after a blockbuster prior week. There's no data on the calendar, though Chicago Federal Reserve President Charles Evans is due to ...
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How going pop-up helped us sell our ponchos
Katy Isaacs and Julia Wonke, co-founders of poncho company Rainwave, started online but jumped at the opportunity to use a pop-up space on the King's Road. Here Katy tells their ...
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Monday Newspaper Review - Irish Business News and International Stories - - May 20 2013
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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Hedge Fund Owner Cohen Gets Subpoena to Testify
SAC Capital Advisors , a development that signals a newly aggressive phase in the multiyear inquiry, according to lawyers and executives briefed on the case.Issued last week, the grand jury subpoena came as part of a broader round of requests from criminal authorities. Other SAC executives were also named in the subpoenas, the lawyers and executives said, and the fund itself received requests ...
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Stocks Getting Scarce as Rally Sees No End
Federal Reserve and other central banks is limiting supply of stocks, as well as fueling asset bubbles, analysts warned on Monday. "We do not think investors fully grasp the degree to which the Fed's easy money policies are helping limit the supply of shares and boost the demand for shares," said David Santschi, the CEO of TrimTabs Investment Research, in a note on Monday. He ...
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Goldman Sachs to exit ICBC with $1.1 billion stake selldown IFR
SAN FRANCISCO - Yahoo Inc's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash, the Wall Street Journal cited people familiar with the matter as saying on ...
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Asian Stocks Rise On Growth Optimism
Asian stocks rose on Monday, extending a two-week rally, as an upbeat reading on U.S. consumer confidence bolstered optimism about the economic recovery in the world's ...
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FTSE 100 on course for best level since 2000
currently on course for its best level since 2000.If the trend in early trading continues, the index is set to beat its 2007 peak of 6732, with the next test the 6752 achieved in September 2000.At the moment the index is 12.37 points higher at 6735.43, as investors continue to take heart from the continuing actions by central banks to stimulate the global economy. Worries about what happens when ...
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Chelsea Flower Show bankers network among the narcissi
Chelsea Flower Show is where the City hopes to cultivate new business.While the TV cameras will be trained on the Queen's visit and gardening royalty such as Alan Titchmarsh and Carol Klein for the horticultural event's centenary year, big corporates rule the rudbeckias after 7pm.The show's gala dinner attracts some of the top names in business, politics and banking, the highlight ...
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Google’s chief supports corporate tax reform
Eric Schmidt, Google's executive chairman, on Sunday gave support to corporate tax reform - - quite a change from last December when he dismissed critics of tax ...
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Scotland Risks Cyprus-Style Crisis UK Report
An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy, a U.K. government report has said. "An independent Scotland would have an exceptionally large banking sector compared to the size of its economy - with banking assets of more than 1250 percent of Scottish [gross domestic ...
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Empty Stores In Malls And Retail Parks Spread
A surge in shopping centre vacancies means almost one in every eight British stores is now empty, according to a new survey. Empty shops now account for 11.9% of retail space, after failures including Comet and Jessops knocked holes in the shopping hubs and out-of-town retail parks. The percentage of UK shop vacancies in April worsened from 10.9% in January and was the highest rate since ...
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EU Eurosceptic MPs Warned By Business Leaders
Some of Britain's most successful business leaders have accused eurosceptic politicians of abandoning the national interest to push for an EU exit. Sir Martin Sorrell, chief executive of WPP Group, told Sky News that the business community felt "very uncomfortable" about talk of Britain leaving the European Union and that the anti-European rhetoric was "fundamentally a ...
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Xbox 720 five key points about Microsofts new generation
Xbox machine, which still doesn't have a name - although Infinity is a frontrunner once again. Taking place at the Microsoft HQ in Redmond, the event will be live-streamed across the globe, and should ...
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LONDON MARKETS U.K. Stocks Extend Gains As Banks Rise
LONDON – Banks led U.K. stocks higher in an upbeat session on Monday, while resource firms added pressure after oil and metals prices showed broad-based losses.The FTSE 100 index added 0.2% to 6,737.26, building on gains from Friday, when the index climbed to the highest closing level since October 2007.Shares of budget airline EasyJet PLC jumped 4.6%, after peer firm Ryanair Holdings PLC ...
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Cathay Financial Signs Cooperation Pact With China Merchants Bank
Taiwan's Cathay Financial Holdings Co. (2882.TW) said Monday it signed a pact with China Merchants Bank (3968.HK) on possible cooperation in the future.Cathay Financial said in a statement this is the company's seventh such pact with a Chinese lender, as it is driving to expand outside its saturated home market.The pact is a framework agreement that for future cooperation in or ...
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ENRC Unveils Details Of Consortiums Rejected Cash and Shares Offer
U.K.-listed, Kazakhstan-focused miner Eurasian Natural Resources Corp. PLC (ENRC.LN) Monday unveiled the details of the indicative cash and shares offer that a consortium of buyers proposed but which ENRC rejected on the grounds that it materially undervalues the business.The consortium of buyers, which includes the company's three founding shareholders--Alexander Machkevitch, Alijan ...
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United Airlines to resume 787 Dreamliner flights
United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. The incidents never caused any serious injuries. But the January grounding ...
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Eurozone crisis live Economic optimism drives markets higher
higher than in February, a somewhat encouraging sign for the future . Industrial sales (as opposed to future orders) tumbled 7.6% year-on-year, and were down 0.9% on a monthly ...
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