• A credit card: how to select and to use...

    Sep 07, 2011  Posted by Admin    No Comments »
    A credit card: how to select and to use

    You should know that credit cards are not only convenient, but they are also dangerous. Many people destroy their financial lives because they couldn’t stop charging. It becomes a reflex for such losers. It is a real problem, but this article will help you to make good use of credit cards and to choose a credit card though. All accessible...
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  • Investing online you invest in your solid future...

    Aug 08, 2011  Posted by Admin    No Comments »
    Investing online you invest in your solid future

    Online advertising was the most preferred advertising in the current scenario of business. That’s because today’s Web sites generate a significant portion of sales and there are many others who conduct their business online. There is always an increase in online business investing online and their success rates are a benchmark for the...
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  • Small business loans ideally suits your small business requirements...

    Jul 10, 2011  Posted by Admin    No Comments »
    Small business loans ideally suits your small business requirements

    Small business loans are a perfect option for small business owners. Now you can easily track your cash flow and solve related business expenses easily. Loans to small businesses give you a possibility to resolve debts, investing in new businesses, purchase of raw materials, payment of wages or salaries, purchase of machinery and various tools,...
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  • What are the best bank rates?...

    Jul 07, 2011  Posted by Admin    No Comments »
    What are the best bank rates?

    What are the best bank rates? Which bank will give you the most for your money? Clearly, today, with very low interest rates being offered, finding a bank that will give you the highest possible rate for your savings account and control is very important. Some companies have higher percent than others, to find the best one is important to improve...
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Lowy scrubs up, gives question the brush

May 15, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

Westfield chairman Frank Lowy scrubs up.

CLEANING and security are not the only things that Westfield likes to subcontract. At the shopping centre group’s annual meeting yesterday, non-executive chairman Frank Lowy appeared keen to outsource at least one reply to a prickly question.

In a repeat of last year’s meeting, Lowy was again grilled on the low wages paid to cleaning staff and the allegedly low levels of cleanliness at the group’s centres.

But this time around, the billionaire did not think he was qualified enough to fully answer the question, aside from noting that his centres were indeed as clean as they could be.

”Many of our activities are subcontracted to the various trades that specialise in their field,” explained Lowy.

”The fact is that we at Westfield don’t really know how to clean a shopping centre.


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Tags: Lowy Scrubs Scrubs

Wall Street falls on Europe, but late buying trims losses

May 05, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

- Stocks ended lower on Tuesday after political developments in Greece fanned concerns about Europe’s fiscal health, but a late rally helped indexes cut losses to close well above lows.

Stocks spent most of the session sharply lower, with selling following declines in European markets. Fears that Greece will reject an existing international bailout and potentially leave the euro prompted the selling across markets.

The S&P 500 fell through support at 1,350 to reach levels not seen since early March, but buyers emerged to support stocks.

“A lot of people have been looking at 1,350 as the short-term correction level, a level that the buy-the-dip crowd was hoping to get. This doesn’t mean the market is not focusing on Europe,” said James Dailey, who manages $215 million at TEAM Financial Asset Management LLC in Harrisburg, Pennsylvania.

Sectors sensitive to the economy floundered, with the S&P consumer discretionary sector .GSPD falling 1.3 percent. Investors moved toward safety plays, with utilities .GSPU rising 0.2 percent and telecommunications .GSPL falling just 0.2 percent.

The day’s decline in stocks was part of a broad run to safety.


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Tags: Losses

AuRico finally dumps Australian mines

Apr 11, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

 AuRico picked up the Australian mines when it bought Northgate Minerals Corp. last year, a transaction that netted the Young-Davidson project. The plan was always to divest out of Australia.

Just a few weeks ago, the chief executive of AuRico Gold Inc. told the Financial Post that selling the company’s high-cost Australian assets would go a long way towards building investor confidence.

That deal is now official. AuRico announced it is selling the two mines (Fosterville and Stawell) to Crocodile Gold Corp. for up to $105-million in cash and stock, including $70-million in guaranteed cash.

It is an important transaction for AuRico, which needs to focus on its core assets in North America, particularly the Young-Davidson mine in Ontario. The question is whether it got a good price.

Desjardins Securities analyst Brian Christie valued Fosterville and Stawell at US$168-million and US$131-million respectively, and wrote that the transaction appears dilutive on the surface. Ho


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Tags: Australian Mines Mines

Clouds lift in US and confidence grows

Apr 02, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

On the up economists have started speculating that the US recovery could now be self-sustaining.

Further promising news on the US economy, and a stay of proceedings for the Greek debt spectacle that has troubled financial markets for months, gave investors enough confidence to put more money into the sharemarket than they removed this week.

Warnings from China’s outgoing Premier, Wen Jiabao, that prices in the country’s property market were far from ”reasonable” provided the week’s biggest downer, igniting fears of a slowdown in the world’s third-biggest economy.

Large falls in commodity prices only added to concerns, particularly for local resource stocks.

But the local bourse was resilient enough to withstand such fears, and it ended the week higher overall.

For the week, the benchmark S&P/ASX 200 rose 64.2 points, or 1.5 per cent, to 4276.2. The broader All Ords gained 64.2 points, or 1.5 per cent, to 4364.7.

More positive data from the US provided further signs this week of a genuine increase in economic activity, which cheered investors.


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Durable goods rise tepidly in February

Mar 29, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

- New orders for long-lasting factory goods rose less than expected in February and a gauge of future business investment also fell short of forecasts, casting a shadow on the manufacturing sector’s support of the recovery.

Durable goods orders rose 2.2 percent last month, only partially reversing January’s revised 3.6 percent decline, Commerce Department data showed on Wednesday.

“The economy is slowly improving, but it is definitely a halting recovery where we’re not accelerating to any great degree,” said Liam Dalton, president of Axiom Capital Management Inc in New York.

Economists had forecast orders rising 3.0 percent last month.

Manufacturing has been a key support for the U.S. recovery from the 2007-2009 recession, and a recent acceleration in job growth has boosted hopes the extra income will create a virtuous cycle that leads to more spending, faster growth and further hiring.

But Wednesday’s data suggested the factory sector might not be growing as fast as analysts have expected, and U.S. stock index futures pared gains after the data’s release. Prices for U.S.


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Tags: February

U.S. home re-sales dip but winter best in 5 years

Mar 16, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

The National Association of Realtors said Wednesday that home sales fell 0.9 percent last month to a seasonally adjusted annual rate of 4.59 million. That’s down from a revised 4.63 million sold in January — the highest level since May 2010.

The last three months have been the best for winter sales in five years. A mild winter and a stronger job market have helped boost sales ahead of the all-important spring buying season.

Even with the gains, sales remain below the 6 million that economists equate with healthy markets. And the makeup of those sales still signals a troubled market.

Sales among first-time buyers, who are critical to a housing recovery, fell slightly to 32 percent of all purchases. That’s down from 33 percent in January. In healthy markets, first-time buyers make up at least 40 percent.

And homes at risk of foreclosure made up 34 percent of sales, down only slightly from 35 percent in January. In more stable markets, foreclosures make up less than 10 percent of sales.

There have been other signs of improvement in the depressed housing market.

Homebuilders have grown more confident in the past six months after seeing more people express interest in buying a home. I


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Tags: Home Home Resales

Rosier Greek debt swap outlook buoys markets at midday

Mar 08, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

Canada’s benchmark stock index had erased earlier losses and was trading slightly higher at midday Wednesday, joining most other world markets in hitting a positive note following the worst day of losses this year.

The SP/TSX composite index was up about 24 points, or 0.19%, to 12,322 at midday rising along with commodity prices as more investors agreed to voluntarily participate in a Greek debt swap, and a private report showed gains in payrolls in the U.S. last month were slightly better than analysts had expected.

The price of crude oil was up US$1.07 to US$105.78 a barrel in trading in New York at midday, while gold, which has dropped more than US$100 an ounce in the past week, rose US$3.40 to US$1,675.50 an ounce.

The Canadian dollar, which closed below par with the U.S. greenback the previous day for the first time in nearly two weeks, was up 11 basis points to US$1.0005 in late-morning trading.

The Dow Jones industrial average was up about 75 points, or 0.59%, to 12,834 at midday, while the Nasdaq composite index had gained 24 points, or 0.82%, to 2,934.

Asian markets fell on Wednesday — Tokyo’s Nikkei dropped 0.64% and Hong Kong’s Hang Seng slipped 0.86% — but European markets advanced. London’s


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Tags: Midday

RBS to sell Asian assets to Malaysia’s CIMB

Feb 27, 2012  Posted by Shannon Cox in Business Tips | | No Comments »

CIMB Group is in exclusive talks with Royal Bank of Scotland to acquire some of its Asia Pacific cash equities and investment banking businesses, as part of the Malaysian bank’s efforts to spur growth outside its home market.

The acquisition by Malaysian’s second largest listed lender by assets could be a shot in the arm for CIMB’s chief executive, Nazir Razak, who has outlined ambitious plans for his group to emerge as a leading Asian financial services firm.

But CIMB will be faced with the challenge of taking on more than a handful of expensive staff as cash equities struggle to make profits.

“The memorandum of understanding provides for the parties to negotiate exclusively with each other and finalise the scope and terms of a sale and purchase agreement,” CIMB said in a statement late Thursday.

It said it would make further announcements on this proposed transaction. The company did not provide any details of the valuation of the transaction.

A significant chunk of RBS’s operations are located in Hong Kong, Singapore, Australia and India and it has offices in 11 countries across the region, including China.

The auction for the Asian assets of RBS had attracted interest from firms including Bank of China and Japan’s Mizuho Financial.


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Tags: Cimb
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