|
Hollywood hot spots depend on professional athletes, sheiks, socialites and heirs to spend big for premium treatment including prime tables and private servers. Things get bubbly at The Roxbury during a night’s partying. (LePanda.com/Boulevard Nightlife, LePanda.com/Boulevard Nightlife / October 14, 2011) On a recent Thursday night in Hollywood, NBA player James Harden was holding court, [...]
Japan will increase a fund to help companies cope with a surging yen by about 25 percent to 10 trillion yen ($130 billion), according to a document obtained from a ruling Democratic Party of Japan official. The government will increase from 8 trillion yen the foreign-exchange reserves being shifted to the state-run Japan Bank for International Cooperation to aid exporters [...]
The Government plans to both encourage and compel companies that employ a large number of migrant workers to build low-cost houses for them, says Construction Minister Trinh Dinh Dung. Apartment for workers at Tan Binh Industrial Zone in HCM City. The Government has called on property developers to build more low-cost housing for workers. [...]
Europe’s stock markets and the euro rallied on Wednesday, boosted by a newspaper report that EU leaders were close to massively increasing their bailout fund for troubled eurozone economies. But a downgrade of Spain’s credit rating tempered the mood and reports the German government is slashing its 2012 growth forecast, in the run up to [...]
Gold prices fell about 2 percent on Thursday, on course for a fourth consecutive session of losses, as investors were spooked by worries whether Europe will achieve a cure for its debt crisis. Other precious metals also sold heavily, with platinum leading the decline with its biggest daily fall in more than three weeks. Traditionally [...]
Betting on Ben S. Bernanke has been the most profitable trade for government bond investors in 16 years, defying lawmakers in the U.S. and abroad who said the Federal Reserve chairman’s policies would lead to runaway inflation and the dollar’s debasement. Treasuries due in 10 or more years have returned 28 percent in 2011, exceeding the 24.4 [...]
German Chancellor Angela Merkel said euro-region leaders must erect a firewall around Greece to avert a cascade of market attacks on other European states that would risk breaking up the currency area. Expanding the powers of the region’s rescue fund, the European Financial Stability Facility, as agreed by European leaders in July is necessary to avoid Greece’s [...]
Thailand’s central bank may cut its economic growth projections as the global recovery falters, Governor Prasarn Trairatvorakul said, signaling there may be less scope for interest rates to rise further. Inflation expectations aren’t likely to increase and the Bank of Thailand has “closed the gap somewhat” on normalizing borrowing costs, Prasarn said in an interview [...]
Wall Street leaders, urging coordinated action from world governments to solve the European sovereign-debt crisis, struggled themselves during four days of meetings in Washington to agree on what’s needed to end it. The chiefs of firms including JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc. (GS), Deutsche Bank AG (DBK) and Societe Generale (GLE) SA met for three hours at the National Archives on [...]
Pacific Investment Management Co., which runs the world’s biggest bond fund, is forecasting that advanced economies will stall over the next year as Europe slides into a recession, underscoring mounting investor concern about the global economic outlook. There will be little-to-no economic growth in industrial nations in the coming 12 months as Europe’s economy shrinks by 1 [...]