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Accounting rules exonerated Accounting rules probably understated, not overstated, the losses embedded in the financial system, according to a report from the Financial Crisis Advisory Group FTWard Group Names 100 Top Performing Insurers Performing well financially in this economic environment is a pretty big success. The past 18 months have been a volatile period for the insurance industry affecting companies in many different ways, according to Ward Group. 'Volatility in the investment portfolios, economy and competitive landscape has forced companies to evaluate many ... Insurance HeadlinesChina regains appetite for mergers and acquisitions Chinese investors are regaining confidence to make mergers and acquisitions as Beijing's stimulus measures take hold, according to a report by PwC FTGlobal News Item: Tax exemptions for new pension system proposed The New Pension System trust that was introduced in May 2009 might now be exempt from paying several taxes on income and transactions, according to the 2009-10 Budget. The proposal, which was presented to Parliament on July 6, 2009, would also enable the self-employed to participate in the NPS. [India] Watson WyattApple may be preparing to launch revolutionary new entertainment device Apple is poised to once again revolutionize the entertainment industry '” this time with an 'iTablet' portable device that lets users download and read digital books, watch movies and game cheat Mercury NewsMalone reveals favour to Murdoch - Financial Times: Media Rupert Murdoch owes fellow media mogul John Malone a favour, according to the Liberty Media chairman - an FT video interview gives an insight into the relationship beween the two figures NewsRackBetter Balance Between Climate and Military Spending Urged - CommonDreams.org Headlines by Marina Litvinsky and Jim LobeWASHINGTON - Despite its conviction that climate change represents a serious threat to national and global security, the administration of President Barack Obama has proposed spending one dollar on addressing the challenge for every nine dollars it intends to spend on the U.S. military, according to a new report by the left-leaning Institute for Policy Studies (IPS).read more NewsRackGreenpeace: oil majors may be doomed - The Guardian -- World Latest Environmental activist network argues that the oil industry might be approaching a tipping point from fall in the price, advances in technology and policies on climate change A long-term decline in the demand for oil could undermine the huge investments in Canadian tar sands, which have been heavily opposed by environmentalists, according to a report published today. The report, by Greenpeace, will make uncomfortable reading for the companies that are investing tens of billions of pounds to exploit the hard-to-extract oil in the belief that demand and the price would climb inexorably as countries such as China and India industrialise. Citing projections from the oil producers' cartel Opec and the International Energy Agency, as well as ... NewsRackOil & Gas - Mexico - Pemex Q2 oil production down 7.3% to 2.59Mb/d Mexican state oil company Pemex's E&P subsidiary PEP produced 2.59Mb/d in the second quarter of 2009, down 7.30% year-on-year, according to Pemex statistics. Production at the Cantarell field drop... BN AmericasUnsold home backlog shrinks in June The unsold inventory index -- the number of months needed to deplete the supply of homes on the market at the current sales rate -- for existing, single-family detached homes in June was 4.1 months, down sharply from 7.6 months for the same period a year ago, according to a report released Monday. Biz Journal1 2 3 |
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