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Jobs boost from mega defence spend BILLIONS of dollars and thousands of jobs are earmarked for South Australia in the Federal Government's $300 billion plan to defend the nation beyond 2030. CnetThree more banks fail Three more banks shut their doors Friday, according to the federal government, bringing the total number of failures up to 32 in 2009. CNNBank objections delay stress tests US regulators will delay the release of stress test results for the country's 19 biggest banks until next Thursday, after some of the lenders objected to government demands that they needed to raise more capital. FTCiti Said to Need Up to $10 Billion Citigroup may need to raise as much as $10 billion in new capital, as the government continues negotiations with banks over the results of its so-called stress tests. Wall Street JournalFiat`s Chrysler coup: Impressive, but the hard part begins now Fiat has pulled off a remarkable coup with the help of the US government. In exchange for non-cash bits and bobs, it has secured a path to control Chrysler after it emerges from bankruptcy. But running a sprawling car maker is difficult just ask Renaults Carlos Ghosn. Business StandardNo pay rises in `broke` Zimbabwe Zimbabwe's Prime Minister Morgan Tsvangirai says the government is broke and no state worker is earning more than $100 a month. BBCPharma cos take dietary route to evade price cap Companies have found innovative ways to escape government's price control regulations, and raise medicine prices by four to five times, jacking up the consumers' medical bill. The Times Of IndiaRome salutes Fiat deal with Chrysler The Italian government on Friday threw its weight behind Fiat's alliance with Chrysler in spite of doubts over whether it would succeed during the global economic downturn FTEverything you want to know about the New Pension Scheme From today, Indians will have access to another investment avenue to plan for retirement in the New Pension Scheme (NPS). The scheme has been in the pipeline for at least five years but it finally took shape in 2007-08. Although the government was pushing for the scheme after a law providing statutory backing to the regulator was enacted, the Left parties, which were supporting the UPA government, did not allow the passage of the Bill. Business StandardGilt-holders urged to ride out the storm Record gilt issuance suggests that investors should re-examine their holdings. Technically, if the supply of government bonds increases, their prices should fall. Financial Times1 2 3 4 5 |
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