Only reliable financial news

Iraqi and Iranian forces are dug in on either side of a disputed inactive oil well in the sensitive border area, with Iraqis vowing to fight if necessary to fend off another occupation of the well by Iranian soldiers.
Iraqi troops say they will defend the well, where Iranian troops raised a flag for several […]

Filed under: marketing by Forest
Comments Off

China’s trade surplus may slide 19 percent in 2010 as imports surge because of growing domestic demand, Bank of America-Merrill Lynch said.
The amount will narrow to $160 billion from an estimated $198 billion this year, Lu Ting, a Hong Kong-based economist for Merrill, said in an interview today.
A smaller surplus may reduce […]

Filed under: online by Forest
Comments Off

If only robots could skip, click heels or cock their elbows like celebrating hockey players. Surely our robotic stock selection tool would be that animated after posting such a great year.
Ten stocks a robotic or automated filtering technique helped us choose for 2009 would have turned a million dollars into $1.685 million, if we hadn’t […]

Filed under: finance by Forest
Comments Off

The biggest stock market advance in seven decades is reducing the need for additional government stimulus measures, according to former Federal Reserve Chairman Alan Greenspan.
The Standard & Poor’s 500 Index’s 64 percent jump since March made Americans richer by restoring $5.4 trillion to U.S. equities and helped spur a 1.3 percent increase in […]

Filed under: online by Forest
Comments Off

OTTAWA–With nearly a third of all Canadian families lacking any pension savings, Finance Minister Jim Flaherty and his provincial counterparts are hoping in the next few days to find new ways to keep seniors from winding up in poverty. While the gathering in Whitehorse on Thursday and Friday is far too short to solve […]

Filed under: money by Forest
Comments Off

Asia should keep interest rates low even as China, South Korea and other emerging economies in the region may grow at the fastest pace in three years in 2010, the Asian Development Bank said.
“Inflation is still low,” Jong-Wha Lee, the Asian Development Bank’s chief economist, told reporters in Manila today. “We haven’t seen […]

Filed under: management by Forest
Comments Off

WASHINGTON–The Obama administration’s pay czar is limiting the cash compensation for executives at companies that received the largest taxpayer bailouts to $500,000.
The 25th through the 100th top earners at Citigroup, GMAC, American International Group and General Motors must also take more than half their compensation in stock, and at least half must be […]

Filed under: online by Forest
Comments Off

OTTAWA–Mounting governmental and household debt are posing new risks to the stability of financial systems, the Bank of Canada said Thursday in its latest analysis.
The central bank’s semi-annual Financial System Review finds that overall conditions have improved in the short term since it last reported in June.
But it adds that record-high debt […]

Filed under: management by Forest
Comments Off

The U.S. Treasury Department aims to hold off on selling its 34 percent stake in Citigroup Inc. until the bank and regulators agree on a broader plan to repay all obligations remaining from last year’s $45 billion government bailout, a person close to the department said.
Treasury officials are concerned that a sale now […]

Filed under: legal by Forest
Comments Off

When you buy travel insurance, don’t be tripped up by fine-print clauses that deny compensation when you make a claim.
Take Bill Walker and Iris Lustig. They booked a trip to London, but had to cancel a week before leaving because Lustig had a flare-up of Crohn’s disease, a chronic stomach ailment.
"She was very sick, so […]

Filed under: business by Forest
Comments Off