Monday, January 9, 2012

Nigeria - Trade unions staged a nationwide strike because government scraps fuel subsidies.

Published on Jan 9, 2012 by
http://www.euronews.net/ Trade unions in Nigeria staged a nationwide strike on Monday over the government's scrapping of fuel subsidies.

The industrial action in Africa's top oil-producing nation has closed businesses and schools.

Subsidies allowed Nigerians to buy a litre of petrol for 31 euro cents until they were axed on January 1.

Scrapping them has seen the cost of fuel almost double.

The government says the policy cost more than six billion euros last year.

China & South Korea - discuss trade and changing neighbours in Beijing

Published on Jan 9, 2012 by
http://www.euronews.net/ Whilst South Korea's president Lee Myung-bak is in China on a state visit, nuclear envoys from both countries will also meet to discuss stability in the region following the recent death of North Korea's Kim Jong-il.

Lee and his Chinese counterpart, President Hu Jintao will discuss a possible three-way trade agreement including Japan.

It is thought Beijing may try to allay Seoul's fears over the relationship with the North Korea by using the prospect of increased trade.

Britain - 2011 bumper year for Rolls-Royce Production up 31% Strongest demand China & USA

Published on Jan 9, 2012 by
http://www.euronews.net/ Rolls-Royce, the British-based luxury carmaker, which is owned by Germany's BMW, says production was up by 31 percent and it sold 3,538 vehicles.

That was up from 2,711 in the previous year and was the highest-ever output in the company's 107-year history. Its previous record of 3,347 cars was set in 1978.

Strongest demand was from China and the United States.

Sales rose 47 percent in the Asia Pacific region, 17 percent in North America and 23 percent in the Middle East.

Britain - Royal Bank of Scotland To Close Cash Equities Unit

Uploaded by on Jan 9, 2012
Bloomberg reports, citing the Times of London that due to small and irregular profits, Royal Bank of Scotland (NYSE:RBS) has plans to close its cash and equities unit.

The Times also notes that the bank hasn't found a buyer for the whole equities unit, Jeffries (NYSE:JEF), Oriel Securities and Numis Corp are interested in buying Hoare Govett, its small corporate equities broking division.

Royal Bank of Scotland is currently below its 50-day moving average (MA) of $6.70 and below its 200-day MA of $9.86.
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LSE - RBS.L 2:56PM 20.32p Down 0.19p

What's In The News: January 9, 2012 - Netflix Launches In The United Kingdom and Ireland

Uploaded by on Jan 9, 2012
This is what's in the news for Monday, January 9, 2012. The Wall Street Journal reports U.S. malls and shopping centers experienced a slight improvement in occupancy during Q4, but data service firm Reis, Inc. (NASDAQ:REIS) cautioned that any recovery remains precarious and the outlook for 2012 is mixed. Bloomberg reports U.S. Medicare managed-care provider Humana (NYSE:HUM) said 2012 sales in its line of Advantage plans will be better than expected. Reuters reports Vodafone (NASDAQ:VOD) plans to expand into fast-growing markets in Asia and South America through new partnerships to support international customers, and will seek to do so while avoiding expensive buyouts or heavy investments. Finally, Reuters also reports a federal bankruptcy judge rejected Lehman Brothers Holdings' (PINK:LEHMQ) bid to block Sam Zell's Equity Residential (NYSE:EQR) from buying part of apartment firm Archstone, impeding Lehman's efforts to ultimately buy the entire company at a lower price.
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Netflix Launches In The United Kingdom and Ireland
Uploaded by on Jan 9, 2012
Online movie rental service, Netflix (NASDAQ:NFLX) launched in the United Kingdom and Ireland today, offering instant and unlimited access to a broad range of entertainment for the low monthly price of 5.99 Pounds Sterling in the UK and euro 6.99 in Ireland.

Currently, Netflix has more than 20 million streaming members in 47 countries and territories.

Reed Hastings, co-founder and chief executive officer of Netflix said, "We are starting 2012 in the best possible way: by giving consumers in the UK and Ireland an amazing entertainment experience. Now, you can enjoy as many great films and TV programmes as you want, when you want, where you want, for one low monthly price with no contracts or commitments."

NetFlix is currently above its 50-day moving average (MA) of $75.93 and should find resistance at its 200-day MA of $186.25.

Britian - Prime Minister David Cameron: 'Scotland must decide its own future' on independence

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The Prime Minister says the Government will allow Scottish people to decide on
their independence without interference.

Poland - Polish prosecutor survives shooting himself after news conference

Uploaded by on Jan 9, 2012
A military prosecutor tried to commit suicide following a news conference on the investigation into a plane crash that killed the Polish president in 2010.

USA - New Hampshire Manchester´s Karen Heller on Ron Paul's (brief) appearance at Moe Joe's

Uploaded by on Jan 9, 2012
Ron Paul was confronted by an angry New Hampshire resident after a very brief appearance at a scheduled campaign event in Manchester... Karen Heller was later told she could meet Paul by an aide