Japan (Tokyo) ...
Monday, 14 January 2013
Low-end iPhone might cost up to $150
Apple is going to launch a smaller, cheaper version of the iPhone as soon as this year to gain a foothold in developing markets, and the price tag will reportedly be between $99 and $149.
The new smartphone would be approximately a third the price of current models costing...
Morgan Stanley cuts 1,600 jobs to reduce cost
Morgan Stanley plans to cut hundreds of additional employees, largely in its prominent securities unit, to reduce expenses due to poor revenues and higher global capital requirements.
The sixth largest US bank by assets is going to cut senior staff from the securities unit...
Central Banks’ gambling: Is easy money that easy?
Pumping billions into troubled economies has become the usual practice for the world central banks seeking to plug huge budget holes. Such an out of the box monetary strategy, generally known as ‘easy money’ may create another crisis, experts worry.
Since the financial crisis...
Barroso Claims Euro is on the Upswing
The euro gained momentum on Tuesday morning after beginning to rise on Monday afternoon. On Monday, the common currency was trading at 1.3127.
Ahead of the European Central Bank meeting, many investors are speculating that the current interest rate will remain unchanged. Although the 17 country bloc is still struggling to find its footing after years of financial crisis, most...
IPOs: Minus Facebook, Experts See Better Year Raising $34B
No Facebook! Bankers Relieved By Better 2013 Market For IPOs
The initial public offering market, so badly damaged by last May’s $16 billion IPO by Facebook (NASDAQ: FB), the No. 1 social networking site, is on track to raise as much as $34 billion in U.S. markets and more than $100 billion worldwide, experts said.
Prospects for the U.S. have been improved since the “fiscal...
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