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Gold is money

Most investors confuse money and currency, but they are not the same thing. Money is defined as a medium of exchange, a unit of account and a store of value.

Sony partners with Lovefilm rental service in UK

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Sony is teaming up with European movie-rental firm Lovefilm to offer TV viewers in Britain instant access to films from the Web, as a land grab for space on Internet-connected televisions gets under way.
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Pfizer drug filings on track despite setbacks

It's been a bad month for Pfizer's research labs but its head of R&D says the world's biggest drugmaker is on track to hit earlier targets for new drug filings despite the setbacks.
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Greek PM fears debt cost spiral

Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, warning it cannot achieve promised deficit cuts if its borrowing costs remain high and might have to call in the IMF.
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China Mobile growth prospects improve

China Mobile's forecast-beating results suggest its years of investment in data services is paying off, helping the world's largest mobile carrier report an unexpected rise in revenue per user.
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China Mobile posts forecast-beating profit

China Mobile, the world's largest mobile operator, reported a 3.6 percent rise in fourth-quarter profit on Thursday, its best profit in a year and beating expectations as revenues per user posted a rare rise despite intense competition.
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Daily Forecast - 18/3/2010

The Australian Dollar opens higher today at 0.9220. In the absence of any local economic data yesterday, traders were content to play the ranges and the currency was quickly sold when it attempted to dip its toe in the water at US92 cents.
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Vedanta may separate aluminium business

Vedanta Resources may demerge its aluminium division. According to a report appeared in The Independent in UK, the new firm will be the world's fourth biggest aluminium player, behind Russia's United Company Rusal, America's Alcoa and China's Chalco.
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Asian shares at 2-month high, yen falls on BOJ move

Technology stocks pushed Asian shares to a two-month high on Wednesday, powered by hopes of strong earnings for Intel, while the yen faltered after the Bank of Japan loosened policy in a bid to spur the flagging economy.
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Resume Tips – Something to think about…

How many times have you picked up a magazine while waiting for an appointment and flipped through the hundreds of pages of articles? How long did it take you to decide whether or not to turn the page?
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Kraft under fire after Cadbury plant U-turn

Kraft Foods came under heavy fire from UK parliamentarians on Tuesday for raising false hopes about the future of a Cadbury plant as it battled to win control of the British chocolatier.
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Acquisition worries overdone for Australia's NAB?

Shares in National Australia Bank, the country's top lender, have lagged peers by far in the past six months as investors fret its acquisition moves are distracting it from the core banking operations.
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EU hedge fund row ends in stalemate

European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.
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Lehman Brothers' whistle blower was ousted: report

Lehman Brothers Holdings Inc ousted whistle blower Matthew Lee just weeks after he had raised concerns with Lehman's auditor about the firm's accounting in 2008, the Wall Street Journal said, citing people familiar with the matter.
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Asian shares pare gains, dollar softer before Fed

Asian shares struggled to keep modest gains on Tuesday and the dollar gave ground as investors trimmed long positions ahead of a Federal Reserve policy meeting expected to repeat a pledge to keep rates low for a long time.
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EU executive to put Greek plan to finance ministers

The European Union's executive said on Monday it was ready to propose a framework that could be used to aid Greece, despite signs of continuing reluctance from France and Germany to make concrete commitments.

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