Thursday, March 8, 2012

Carlos Slim has retained his position at the top of Forbes magazine's annual list of wealthy billionaires.

Published on Mar 7, 2012 by
http://www.euronews.com/ The telecommunications magnate Carlos Slim has retained his position at the top of Forbes magazine's annual list of wealthy billionaires.
He is worth a massive 69 billion dollars
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In second place is Bill Gates followed by Warren Buffett. It seems the world recession is just something that happens to other people

Apple unveil the new iPad - Apple CEO Tim Cook takes to the stage in San Francisco

Uploaded by on Mar 8, 2012
Apple CEO Tim Cook takes to the stage in San Francisco to unveil the firm's
updated 'Retina' display iPad.
.
Apple iPad Retina display ad
Uploaded by on Mar 8, 2012
New advert showcasing the improved display of the latest iPad.

Jamaica - Prince Harry feels the rhythm on third day of his visit

Uploaded by on Mar 8, 2012
The Prince greeted thousands of well-wishers in the historic Jamaican port of Falmouth before heading to the resort town of Montego Bay for an evening of foot-tapping music and dancing.

Our most popular with you last 24 hours - 2012 Mar 7 09:00 – 2012 Mar 8 08:00

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♡ Libra Daily stars for today 8th March 2012 - www.shelleyvonstrunckel.com

Within days your ruler Venus joins Mars, Jupiter and Pluto in one of the year's most spectacular planetary arrangements. This pattern not only promises that your past efforts will come good, equally, it's ushering in new ideas and offers. Knowing that, explore everything. What seems most promising now could soon get even better.
.

Wednesday, March 7, 2012

Greece - Down to wire on bond swap? those who do not sign up will get nothing.

Published on Mar 7, 2012 by
http://www.euronews.com/ There was more anger in Athens on Wednesday as the deadline approached for Greece's bond swap with its investors, which is a vital step in the country getting its international bailout.

Union members, including police officers, protested that their pension funds are included in the debt swap deal. That means steep losses on the government bonds they hold, potentially reducing the value of their future pensions.

A leader of the civil servants union, Ilian Vrettakos, complained: "The coalition government and the troika are implementing the most barbaric plan against the social insurance funds and those insured. Instead of leaving out pension funds from the losses, they are making more cutbacks to the funds, which means a reduction in pensions and benefits."

Private investors hold 206 billion euros worth of government bonds. Athens has said at least three quarters of them have to agree to take part in the bond swap for it to go ahead.

After months of tortuous negotiations, over 30 major European banks and insurers, along with Greece's largest banks and most of its pension funds, confirmed on Wednesday that they will swap their bonds for others of lower value to be paid back over a longer term. That process will wipe out almost three quarters of the value of their investments.

The rest of the investors have until Thursday evening to say whether they will take part.

Bankers and politicians said the outcome still remains uncertain.

Greece has said those who do not sign up will get nothing.

euronews hi-tech: Windows 8 talk of town at Barcelona mobile show

Published on Mar 7, 2012 by
http://www.euronews.com/ Some of the chatter at the recent World Mobile Congress was about Microsoft Windows 8 rather than phones, as the world got its first official look at the new operating system.

Middle East - Oil price rebounds on Chinese demand outlook

Published on Mar 7, 2012 by
http://www.euronews.com/ Oil prices rose on Wednesday from Chinese plans to increase its energy imports this year.

Beijing also said it will keep policies to ensure stable export growth, which it expects to improve in the second half of the year.

However Brent - and its equivalent US benchmark - remained well below last week's near four-year highs.

That is because Iran's offer of talks on its nuclear programme has eased concerns about supply disruption.

US President Barack Obama said an announcement of six-power talks with Iran offered a diplomatic chance to defuse a crisis over its nuclear program and quieted the "drums of war."

"It was getting quite worrying but tensions have eased and it's looking more like both sides could come out of this without losing face," said David Morrison, market analyst at GFT.

China's plans on energy imports reinforce a view that Asian demand will continue to support oil prices, even as demand from developed economies is seen as sluggish.

"China's comments are a timely reminder that the Chinese and Asian economies are still growing strongly," said Ric Spooner, chief market analyst at CMC Markets. "Even though China's target growth rates are down for this year, it's still growing and that means more energy needs overall