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Close vote expected in Venezuela Venezuelans vote on whether to abolish term limits and allow President Hugo Chavez to run for office again, though the fall in oil prices may make the outcome a lot less important that it would be otherwise. MarketWatch.comBaker & McKenzie sees fewer Asia M&As, more litigation SINGAPORE, Feb 16 (Reuters) - U.S. law firm Baker &McKenzie expects to see stronger Asian demand for litigationand advice in areas such as restructuring, even as corporatebusiness begins to slow amid the global economic downturn. ReutersAIG Winding Down Troublesome Financial Product Unit By year end, American International Group Inc. expects to have largely wound down a money-losing financial products unit that was the cause of its near-collapse last year, said Gerry Pasciucco, ... Insurancejournal.comDrumBeat: February 16, 2009 - NewsTrust Yahoo Pipes Feed LONDON (Reuters) -- The International Energy Agency said on Monday there could be an oil supply crunch from 2010 once global demand recovers and the impact of delayed investment crimps future supplies. The agency, which advises 28 industrialized countries, is concerned that some oil producers are deferring projects to expand supply. It expects oil demand growth to resume next year after its first drop in a generation. "Currently the demand is very low due to the very bad economic situation," the IEA's executive director, Nobuo Tanaka, told reporters on the sidelines of a conference in London. "But when the economy starts growing, recovery comes again in 2010 and then onward, we may have another serious supply crunch if capital investment is ... NewsRackHammer and tongs As expected, Railway Minister Lalu Prasads budget speech was laced with wit and sarcasm. So, when Transport Minister T R Baalu who was handing him each page of his speech fumbled, Prasad was quick to reassure him, Dont worry, Lalu and Baalu will remain together. He then decided to take on the CPI(M) which has decided not to ally with Prasads RJD in Bihar. I dont hit people. Business StandardWhat Mattel, Hasbro Plan for Photo Credit: Mattel Inc. For instance, there are about 25 kid-targeted movies due this year -- vs. about 15 in an average year -- so expect lots of movie-tie-in games and action figures to tak... Big News NetworkHow IT Managers Can Reduce Data Center Costs Every business today is digging deep to find ways to remain profitable. Many are finding opportunities in their data centers. Knowledge Center contributor Jason Perlewitz explains how data center managers can use advanced matrix switch technology in their data center to significantly decrease operating costs and reduce energy consumption. - Data center managers need to operate within their organization's budget guidelines, while keeping efficiency and energy consumption in mind. As they're being cost-conscious, they can't lose sight of the high standard of five-nines (99.999 percent) that is expected of reliable networks. Luckily, matr... eWeekMoody`s, S&P Dole Out Global Downgrades - Time to Go Gold? Mark O'Byrne submits: Gold rose again on Thursday, briefly rising above $950/oz and was up 0.6% on the day. Determined selling on the open in Asia saw gold fall and profit taking has seen gold fall in Asia and in early trading in London. This is to be expected as gold had risen by more than 15% in less than a month.click to enlargeComplete Story » Seeking AlphaG7 talk but little action THE share market is expected to open lower today after a fall on Wall Street on Friday and last week's G7 economic statement. The Courier MailJB Hi-Fi`s profit surprise RETAILER JB Hi-Fi has surprised the market by revealing a better than expected rise in first-half profit despite the economic gloom. The Courier Mail1 2 |
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