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Does South Africa deserve to join BRIC?

South African President Jacob Zuma shakes hands with Chinese Premier Wen Jiabao at the Zhongnanhai Leaders' Compound in Beijing
South Korea, among other countries, would be a better candidate than South Africa to join the BRIC group of prominent emerging market nations, said Jim O’Neill, chairman of Goldman Sachs Asset Management, and the man who first coined the “BRIC” term.

Technicolor to issue shares to pay back debt

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Set-top box maker Technicolor said on Wednesday that it will issue new shares worth about 213 million euros to pay back creditors after it failed to sell assets in its restructuring process fast enough.
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Audi breaks record sales in the U.S.

Audi breaks record sales in US

German automaker, Audi, has announced that the company has broken its record for annual vehicle sales in the U.S. recording its 93,507th transaction on December 13, 2010.
NORAD Tracks Santa

Tracking 'NORAD Tracks Santa'

NORAD Tracks Santa, the annual Christmas tradition, is gaining popularity like never before. But did you know that the U.S. military department NORAD has been keeping a close eye on Santa's flight since 1955 and the idea was born in 1897?
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Stocks, oil rise in festive cheer

World stocks held near the previous day's two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.
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Global stocks and oil rise in festive cheer

World stocks held near the previous day's two-year high on Friday while oil hit fresh two-year peaks after strong U.S. data this week encouraged investors to maintain their risk positions into 2011.
Germany's Chancellor Merkel addresses a news conference at the end of a EU leaders summit in Brussels

Germany running out of patience with weaker euro nations

Although some progress appears to be being made in the euro zone sovereign debt crisis – including the passage of an austerity budget by the Greek Parliament today and a capital injection into Allied Irish Bank (NYSE: AIB) – the most important member of the euro currency bloc, Germany, is unlikely to foot the total bill that will be required to truly resolve this issue.
Sony

Sony Debuts iTunes Competitor

Sony announced its monthly subscription based streaming music service, Music Unlimited powered by Qriocity, has made its official debut in the United Kingdom.
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Top After-Market NASDAQ Losers (PENX, PACB, NLST, MU, CPNO)

The top after-market NASDAQ stock market losers are: Penford, Pacific Biosciences of California, Netlist, Micron Technology, Copano Energy, SMTC, Coldwater Creek, Avanir Pharmaceuticals, ChinaCast Education, Oncothyreon, and Gilead Sciences.
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The smart investment choice in 2011 will be Gold

When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.
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France wants closer euro zone economic policy: report

France wants all 16 euro zone governments and any other interested European Union members to coordinate their economic policy more closely in the future, Economy Minister Christine Lagarde told a German newspaper.
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World Bank cuts Ivorian financing as crisis deepens

France asked its citizens to leave Ivory Coast and the World Bank froze funding to the West African state on Wednesday, as a violent power struggle deepened between incumbent Laurent Gbagbo and his rival presidential claimant Alassane Ouattara.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.

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