POLITICS

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Alternatives attract the rich

Europe's private bank clients are raising exposure to alternative assets like hedge funds, determined to grow their wealth by spreading risks

AOL to launch new version of software

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AOL on Wednesday plans to launch a new version of its software that lets users access their e mail, instant messaging, search and media on the same screen.

House prices up strongly

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House prices rose a robust one percent last month, Halifax data shows, suggesting the property market has remained resilient in the wake of August's interest rate rise.
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FTSE edges up as Tate soars

The FTSE edged up on Wednesday, led by sugar and sweetener maker Tate & Lyle and banking consolidation talk, but miners and oils limited gains as some commodity prices fell.
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PartyGaming dismisses report on loan problems

PartyGaming Plc dismissed a newspaper report on Wednesday that it must negotiate a new loan facility with its banks within 30 days of President Bush approving a bill to crack down on Internet gambling.
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Software giants shut as strike hits Indian tech hub

Operations of global software companies, financial institutions and government offices in India's main technology hub shut on Wednesday after activists called a strike over a border dispute with a neighboring state.
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BP 3Q Trade Update

BP today announced its trading update for the third quarter ending 30th September 2006.
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Dow record new closing high

Dow Jones industrial average created a new closing high Tuesday for the first time in nearly seven years, mainly driven by its components shares ......
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Warrants deal booming in Hong Kong

The bargain amount of warrants in past nine months this year has reached to HK$1,191.3 billion, surging 94.7% than that in same period last year......
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PCCW to privatize SUNDAY for HK$1.9

SUNDAY Communications Limited, an innovative developer and provider of wireless communications and data services in Hong Kong, issued an announcement that its largest shareholder PCCW ......
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SGX challenges HKex with PPCI

Singapore Exchange Limited (SGX), Asia-Pacific's first demutualised and integrated securities and derivatives exchange, will introduce the first China shares index
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As Oil Bubble Pops, Inflation Hedges Fizzle

The recent spectacular drop in oil prices has taken inflation expectations down with it, along with the returns on inflation hedges including TIPS, or Treasury inflation-protected securities
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UN: Global Economy Seen Slowing in 2007

The economic growth for this year is expected to grow steadily at a rate of 3.6 percent, but is expected to slow to 3 percent for 2007, according to UN estimates.
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Nokia Release Widsets

Nokia today announced the release of WidSets, a phone manufacturer independent Web 2.0 service. The service automatically multicasts preferred RSS feeds and user generated content.
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HL&P Research Shows Cost of Education to Parents

According to research results announced by Hibernian Life & Pensions, the beginning of new school year in Ireland marks the beginning of a 13 year spending spree for parents of children in primary and secondary education.
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PartyGaming Cancel Interim Dividend

Today PartyGaming Plc announced that it’s Board had decided to cancel the company’s interim dividend that was due to be paid on 31st October 2006.
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SSE Notified of Dividend Reinvestment

Scottish & Southern Energy PLC (SSE) announced that it had been notified of a dividend reinvestment on 27th September 2006 by Halifax, the PEP Manager
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Industrial Producer Prices Up In Europe

The industrial producer price index rose by 0.1 percent from July to August in the euro area, and by 0.2 percent in countries belonging to the European Union.
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Abbas Walks Tightrope Above Palestinian Abyss

The choice facing Palestinian President Mahmoud Abbas is stark: sack the Hamas-led government and risk civil war or do nothing and watch poverty and unrest deepen in Gaza and the occupied West Bank.
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Christian Salvesen revenues up 7 percent

Transport and warehouse firm Christian Salvesen said on Tuesday it had grown revenues by about 7 percent in the six months to September 30, but some of its markets remained tough.
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Topps Tiles sees lower profit

Ceramic tile and wood flooring company Topps Tiles said on Tuesday it expected slightly lower underlying profit and sales for the year ended September
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National Grid eyes strong profit

Energy network operator National Grid said on Tuesday it expected to deliver strong growth in first half pretax profit and earnings.
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New pipeline floods the gas market

Britain on Tuesday was left with more gas than it knew what to do with as extra supplies pumped through a new pipeline from Norway flooded Europe's biggest market and wholesale prices fell below zero.
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Great Portland in talks to buy London Merchant

Great Portland Estates said it was in talks to buy London Merchant Securities, which would form the country's sixth biggest listed property company with a speciality in office property.

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