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  • Board approves News Corp split into two entities Board approves News Corp split into two entities

    WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...

  • China to allow US auditors access to records of Chinese firms China to allow US auditors access to records of Chinese firms

    BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...

  • Croatia looking to oil exploration in Adriatic Sea to revive economy Croatia looking to oil exploration in Adriatic Sea to revive economy

    ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...

  • Amazon ventures into fan fiction promotion Amazon ventures into fan fiction promotion

    WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...

  • China central bank report promises financial sector reforms China central bank report promises financial sector reforms

    BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...


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Movie Review

Immortals [Blu-Ray]

Immortals [Blu-Ray]

Like his previous films, The Cell (2000) and The Fall (2006), Tarsem Singhs Immortals is an almost overwhelming aesthetic experience in which conventional storytelling and narrative logic frequently take a backseat to pure sensation. Unlike his previous films, though, ...

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  • UK urged by IMF to bring forward high value spending

    LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...

  • Wall Street betting on last-minute debt deal

    With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit rating, or even an actual governmnent debt default. The U.S. Treasury Department has said the Congress must act before Aug.2 to avoid a catostropic default. With the dealine drawing close ...

  • Doomsayers warn of approaching bear market

    As share prices soared across the globe this week - before crashing down in Tokyo - one group of doomsayers consistently stuck to their message: the market boom is on shallow foundations and the crash will be worse than ever.Albert Edwards, Britain's most persistent "Dr Doom" - and one closely connected to the heart of the financial system through his job as strategist at ...

  • How to buy and sell shares … come boom or doom

    stock markets recently hit levels not seen since the dotcom boom of 2000, then tumbled after a dramatic sell-off in Tokyo. What should investors do? Pick up some bargains marked down in the sell-off? Or junk ...

  • Car insurance one bump and your old car could be on the scrapheap

    car insurance following a minor bump. The warning comes after one London motorist had her vehicle written off following the smallest of accidents, in which just the side light on her ageing Toyota was broken.Lesley Hall, who lives in London, was told by her insurer, Cova, that it would send her a cheque for just 40 for her perfectly usable and very reliable L-registration Corolla, after an ...

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