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Mario Draghi

Draghi: ECB Agrees Unlimited New Bond Program - OMT

European Central Bank President Mario Draghi said Thursday the “euro is irreversible” and announced a new bond-buying plan “Outright Monetary Transactions,” or OMTs, aimed at lowering the struggling euro zone countries’ borrowing costs which would serve as a “fully effective backstop.”
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Samsung Says 10M Galaxy S3s Sold In Only 6 Weeks

Samsung Electronics (Seoul: 005930) said shipments of its latest-version Galaxy S3 smartphone exceed 20 million, only six weeks after passing the 10 million mark. The announcement cements the South Korean electronics giant’s lead as the No. 1 seller in the Android OS sector.
Traders work on the floor of the New York Stock Exchange

ECB Stimulus Hopes Lift US Stock Futures

The U.S. stock index futures point to a higher open Thursday as investor sentiment was underpinned by the expectation that the European Central Bank would announce stimulus measures to ease the euro zone debt burden.
Traders work at their desks in front of the DAX board at the Frankfurt stock exchange

European Markets Gain Before ECB Meeting

European markets rose Thursday on hopes ahead of the European Central Bank meeting where the bank is expected to announce policy measures to boost the euro zone economy and revive growth momentum.
Currency dealers work in a dealing room of a bank in Seoul

South Korea’s GDP Growth Cut To 0.3% In Q2

South Korea's economic growth slowed down to 0.3 percent in the second quarter this year compared to previous three months, weighed down by the faltering global economy and the intensifying debt crisis in the euro zone, revised data released by the Bank of Korea Thursday showed.
Petrol price

Finance, Oil Ministries Push for Fuel Price Increase

The finance and oil ministries are lobbying for an increase in prices of diesel, kerosene and LPG, warning cabinet colleagues that time is running out to avert a fiscal disaster and a sovereign credit downgrade to junk by global ratings agencies.
Man looks at an electronic board displaying various market indices from around the world outside a brokerage in Tokyo

Asian Stocks Rise On ECB Easing Hopes

Most of the Asian markets rose Thursday as investors remained hopeful that the European Central Bank would announce stimulus measures soon to help boost the euro zone economic growth.
Apple iPhone 5 May Be Called 'New iPhone,' If Alleged Packaging Box Features Are To Be Believed [RUMORS]

Apple iPhone 5 May Be Called 'New iPhone,' If Alleged Packaging Box Features Are To Be Believed [RUMORS]

For more than a year, most Apple fans and followers of the brand have called the company's sixth-generation smartphone "the iPhone 5." But after releasing the new iPad in March - not the iPad 3, or the iPad HD - it looks like Apple will once again release a new iOS device without a distinguishing name or number. A newly-released photo shows a woman holding the iPhone 5 packaging box, but the label very clearly reads, "The new iPhone."
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Ubisoft Abandons DRM For PC Games: What This Means For Consumers

Ubisoft Entertainment announced on Wednesday that it is abandoning its always-online digital rights management (DRM) practices for PC games, ending a long battle between the software publisher and its critics and consumers over the controversial anti-piracy measure.
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Is Russia's APEC Summit A $21 Billion Waste?

The government is suspected of having spent billions to promote Vladivostok as a major new hub on the Pacific rim, but there are plenty of doubts about whether that will really happen.
2012 Election: Mitt Romney Favored Over Barack Obama To Advance The Technology Industry [FULL TEXT]

Which 2012 Campaign Issues Really Matter To Wall Street Investors?

While the presidential candidates' plans to tackle unemployment, the national debt, health care reform, immigration, gay marriage and gun control might be the topics that have Main Street voters buzzing ahead of this year's election, a new report by the global equity research team at Standard & Poor's shows Wall Street investors have very different policy debates in mind.

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