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Hippie Town Seen as New Macau With World’s Biggest Hotel Gold Trades Near Four-Month Low Before ECB Decision, U.S. Data WTI Gains for Second Day as U.S. Stockpiles Shrink
 
Hippie Town Seen as New Macau With World’s Biggest Hotel

Hippie Town Seen as New Macau With World’s Biggest Hotel

Once a stop on the hippie trail, Cairns is now a haven for backpackers and divers. By 2019, Tony Fung predicts it’ll be a gambling destination to rival Macau. The Hong Kong property developer last week won early-stage government backing for plans to build an A$8.15 billion ($7.6 billion) casino resort on a former sugarcane […]

Hippie Town Seen as New Macau With World’s Biggest Hotel
Gold Trades Near Four-Month Low Before ECB Decision, U.S. Data

Gold Trades Near Four-Month Low Before ECB Decision, U.S. Data

Gold held near a four-month low as investors awaited a European Central Bank monetary policy decision and U.S. economic data that may support further reductions to the Federal Reserve’s asset purchases. Bullion for immediate delivery traded at $1,244.77 an ounce at 1:59 p.m. in Singapore from $1,243.94 yesterday, according to Bloomberg generic pricing. Gold fell […]

Gold Trades Near Four-Month Low Before ECB Decision, U.S. Data
WTI Gains for Second Day as U.S. Stockpiles Shrink

WTI Gains for Second Day as U.S. Stockpiles Shrink

West Texas Intermediate rose for a second day after an industry report showed crude inventories declined in the U.S., the world’s biggest oil consumer. Brent climbed in London amid reports of worsening security in eastern Libya. Futures advanced as much as 0.6 percent in New York. Crude stockpiles fell by 1.4 million barrels last week as supplies […]

WTI Gains for Second Day as U.S. Stockpiles Shrink
(Español) Una abdicación meditada, con un calendario políticamente oportuno

(Español) Una abdicación meditada, con un calendario políticamente oportuno

05 June 2014

LAS REVELACIONES que hoy aportamos sobre el contexto en el que Don Juan Carlos decidió abdicar permiten entender mejor ese paso histórico y comprobar hasta qué punto fue calculado y no fruto de la improvisación. «O abdicaba o tenía que esperar dos años», confió el Monarca a su círculo íntimo horas después de anunciar públicamente […]

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(Español) El fundador de WhatsApp cuestiona la ‘innovación’ de iOS 8

(Español) El fundador de WhatsApp cuestiona la ‘innovación’ de iOS 8

05 June 2014

Nintendo parece haber encontrado su juego fetiche para dar un empujón acelerón más que necesario para revitalizar Wii U, la consola de sobremesa que hasta ahora ha vendido muy por debajo de las expectativas de la compañía japonesa. Se trata de Mario Kart 8, el nuevo título de la serie iniciada en los tiempos de […]

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Most Emerging Stocks Decline as Investors Await ECB Decision

05 June 2014

Most emerging-market stocks fell as a stronger won weighed on South Korean exporters and investors awaited a European Central Bank policy decision. Samsung Electronics Co. (005930) and Hyundai Motor Co. (005380) declined in Seoul, dragging the benchmark Kospi Index to its first loss in three days. LG Household & Health Care Ltd. slumped the most […]

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Clinton Takes Book Primary With Warren Gaining in Second

Clinton Takes Book Primary With Warren Gaining in Second

05 June 2014

If you can’t judge a book by its cover, can you judge a candidate by his or her book sales? Hillary Clinton’s supporters would say so. The former first lady already has outsold all potential 2016 presidential candidates from both parties, according to Nielsen BookScan data. And that doesn’t count future figures from her much […]

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Obama Said to Propose Deep Cuts to Power-Plant Emissions

Obama Said to Propose Deep Cuts to Power-Plant Emissions

02 June 2014

President Barack Obama will propose cutting greenhouse-gas emissions from the nation’s power plants by an average of 30 percent from 2005 levels, a key part of his plan to fight climate change that also carries political risks. The proposal is scheduled to be unveiled by the U.S. Environmental Protection Agency this morning in Washington. It represents one of the boldest steps […]

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Apple, Samsung Blame Each Other for Lack of Settlement

Apple, Samsung Blame Each Other for Lack of Settlement

30 May 2014

Apple Inc. and Samsung Electronics Co. (005930) blamed each other for blocking progress toward a settlement of their patent disputes in a report to the judge who has presided over their two U.S. trials. While both companies vowed to continue pursuing an accord to end their three-year legal fight over smartphone technology, each said its […]

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Cuba Embargo Under Pressure as Obama Urged to Ease It

Cuba Embargo Under Pressure as Obama Urged to Ease It

30 May 2014

A political consensus against trade with communist Cuba that has prevailed in Washington for half a century is showing signs of cracking. As the head of the U.S. Chamber of Commerce, the world’s biggest business lobby, visits the Caribbean island this week, support is growing for an easing of trade restrictions and an increase in […]

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Diesel Profit Dropping as Indonesia Ban Shutters Mines: Energy

Diesel Profit Dropping as Indonesia Ban Shutters Mines: Energy

30 May 2014

The ripples from Indonesia’s ban on mineral-ore exports are reaching energy markets, as shuttered mines and idle trucks crimp demand for diesel. Profit from making the fuel in Singapore this year will be the lowest since 2011, Wood Mackenzie Ltd. says. Indonesia, Asia’s biggest importer of the fuel, will buy 20 percent less amid the […]

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Posted in Economy, InternationalComments (0)

Asian Stocks Index Headed for Six-Month High on U.S. Data

Asian Stocks Index Headed for Six-Month High on U.S. Data

28 May 2014

Asian stocks rose, with the regional benchmark index heading for a six-month high, as China reported industrial profits and U.S. data added to signs a recovery in the world’s largest economy is intact. Samsung Electronics Co. (005930), the world’s biggest maker of smartphones, climbed 1.8 percent in Seoul. Yamada Denki Co. jumped 6.4 percent in […]

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Swiss Economy Grows Faster Than Euro Area’s on High Exports

Swiss Economy Grows Faster Than Euro Area’s on High Exports

28 May 2014

Switzerland’s economy outpaced that of the neighboring euro area in the first quarter, with growth in exports and in the construction sector offsetting weaker household consumption. Swiss gross domestic product rose 0.5 percent in the three months through March from the previous quarter, when it expanded 0.2 percent, the State Secretariat for Economic Affairs in […]

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Posted in Economy, TechnologyComments (0)

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