Israel Herald
IsraelHerald.com Wednesday 10th March 2010 Issue 2737
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Nasdaq crash was ten years ago Nasdaq crash was ten years ago
It is ten years since the dotcom bubble...


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Los Angeles County mooted for new Chinese carsLos Angeles County mooted for new Chinese cars
The Los Angeles Business Journal has reported that Chinese car maker BYD may build an assembly plant in Los Angeles...
Irish airline millions of euros downIrish airline millions of euros down
Irish airline, Aer Lingus, has reported a loss for...
Eurotunnel makes profit even with poor economy
Eurotunnel has announced a profit of 1.4 million euros for last year, despite the weather, a fire in the tunnel and poor economic...
Referendum to pay Britain and Holland will not go aheadReferendum to pay Britain and Holland will not go ahead
Icelanders have voted overwhelmingly against a referendum to allow taxpayers money to be used to repay international...
Greek austerity plans given Clinton approvalGreek austerity plans given Clinton approval
US Secretary of State, Hillary Clinton, has met Greek Prime Minister George Papandreou in...
U.S. stocks in slow motion riseU.S. stocks in slow motion rise
U.S. stocks made narrow advances Tuesday, as traders remained cautious on the...
Brazilian sardine industry under protectionBrazilian sardine industry under protection
The Brazilian government has ordered the implementation of a sardine conservation awareness...
February sales up in Chinese passenger carsFebruary sales up in Chinese passenger cars
Chinese passenger car sales have climbed 55 percent from February 2009, with strong demand for smaller cars and four wheel drive...
UN says we will need much more food by 2050UN says we will need much more food by 2050
The head of the UN Food and Agriculture Organisation has warned another food price crisis might happen if record high energy prices, growing demand for bio-fuels and low grain reserves force up price...
Protests spread after Indian fuel hikeProtests spread after Indian fuel hike
The main opposition Bharatiya Janata Party in india has protested over a hike in fuel...
Toff houses best sellers in LondonToff houses best sellers in London
Land Registry sale price statistics have shown that exclusive houses in England and Wales are still maintaining their high...
US stocks gain on financial firms
Major US stock indices posted mild gains Tuesday, led by troubled financial firms bailed out by the US government in the past...
A new finger on the pulse of economy
Want to know which way the economy is headed? Find out how much diesel fuel is being burned by the nation's over-the-road truckers. That's the theory behind a new economic index developed by...
China's February exports jump 45.7 percent from a year as global demand recovers
BEIJING - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.Exports were up 45.7 percent over a year...
The Next Big Thing: America's top 50 venture capital backed young companies with potential
The Next Big Thing: America's top 50 venture capital backed young companies with potential By Finfacts Team Mar 10, 2010 - 1:22:59 AM ...
Australia, Indonesia Will Combat People Smuggling
March 10 (Bloomberg) -- Australia and Indonesia agreed to work more closely on combating human smuggling and terrorism and will upgrade annual talks between leaders and officials to a level enjoyed...
Asian Stocks Fluctuate as Oil, Shippers Drop; Telstra Advances
March 10 (Bloomberg) -- Asian stocks fluctuated as shipping lines and oil companies declined, while Australia’s largest telephone company rose on speculation it will avoid a...
Chancellor Set To Announce Date Of Budget
Treasury officials declined to comment on the date but confirmed it would be released in a written statement to MPs. According to reports, Gordon Brown settled on March 24 as the best date for the...
Todd Harrison: The witch hunt widens on Wall Street
NEW YORK (MarketWatch) -- The U.S Department of Justice recently asked hedge fund managers who attended an idea dinner hosted by a boutique broker to document the bets they placed against the euro,...
Economists trim 2011 U.S. growth forecast
(Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released...
Sino-Forest to host Fourth Quarter & Year-end 2009 Earnings Call on Tuesday, March 16, 2010
/PRNewswire-FirstCall/ - Sino-Forest Corporation (TSX: TRE) will host its fourth quarter and year-end 2009 earnings conference call and live webcast...
Class-action suit targets Microsoft software
VANCOUVER — A British Columbia judge has certified a class-action lawsuit against Microsoft that could affect hundreds of thousands of people who have bought personal computers containing Microsoft...
China February Exports Jump 45.7 Percent
China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency...
Curbing Derivatives Might Hurt, Not Help, Greece
Treasury Secretary Timothy Geithner talks with Greek Prime Minister George Papandreou before their meeting, Tuesday, March 9, 2010, in Washington. (AP Photo/Haraz N. Ghanbari) (AP) The complex...
Bank of America Ends Overdraft Fees on Debit Cards
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting...
Asian stocks near 6-wk highs
HONG KONG: Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on renewed...
'UK's Stormy Finances Have A Bright Future'
A top Bank of England policy maker has told Sky News he is confident that enough will be done to turn around Britain's economy. Speaking on Jeff Randall Live, Monetary Policy Committee member Dr...
Bank of America cards to reject overdrafts
NEW YORK - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations...
Asian stock markets little changed as surging Chinese exports point to stronger trade
HONG KONG - Asian stock markets were little changed Wednesday even as surging Chinese exports pointed to a pickup in global trade.The region's major indexes were largely mixed as many markets...
Oil hovers above $81 in Asia as mixed inventory report reflects choppy US demand recovery
SINGAPORE - Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand. Benchmark crude for April delivery was up 5 cents to $81.54 a...
Dr. Peter Morici: US trade deficit threatens a second recession
On Thursday, the US Commerce Department will report the January deficit on international trade in goods and services. Analysts expect it to increase to $41 billion from $40.2 billion in December. My...
Rupee falls 12 paise against dollar
MUMBAI: The Indian rupee depreciated by 12 paise against the US dollar in early trade on Wednesday, following the American currency's gains overseas. At the Interbank Foreign Exchange (Forex)...
Sensex rises 44 points in opening trade on firm Asian markets
MUMBAI: The Bombay Stock Exchange benchmark Sensex recovered by nearly 44 points in opening trade on Wednesday on fresh capital inflows from foreign funds amid firming Asian markets. The...
China Feb. Trade Surplus Narrows To $7.6 Billion
HONG KONG -- China's trade surplus narrowed further to $7.6 billion in February from $14.2 billion in January on surging imports even as the nation's exports continued to rise rapidly, according to...
Collective Brands Loss Narrows, Revenue Beats Street
PSS ) reported a narrower than expected quarterly loss on Tuesday, and saw revenue that beat analyst expectations. The company, which owns Payless, among other shoe brands, reported a...
Asian stocks near 6-week highs, cool to China data
HONG KONG (Reuters) - Asian stocks hovered near six-week highs on Wednesday as Chinese data showed exports and imports in February were better than expected, while the euro and the pound suffered on...
Oil slips for 2nd day as U.S. crude inventories climb
SINGAPORE (Reuters) - Oil fell for a second day on Wednesday after an industry report showed U.S. crude stockpiles jumped more than expected last week, dampening hopes of a strong recovery of demand...
Goldman seeks leave to appeal Shaw ruling
Goldman Sachs Capital Partners is seeking leave to appeal a lower court's ruling that allowed Shaw Communications Inc. to proceed with its bid to purchase a controlling interest in Canwest Global...
Rushed launch takes wind out of newest cellphone carrier
According to Seaboard estimates, WIND has picked up about 30,000 subscribers in Toronto, Calgary and Edmonton, the three cities it now offers services...
Canadian corporates go on a shopping spree
If corporate Canada was ever being hollowed out, it is now being filled in. For the first time in five years, the announced acquisitions of international companies by Canadian entities outstripped...
Air Canada, Emirates war of words escalates
The fight to limit Emirates Airline's access to the Canadian market escalated Tuesday with Calin Rovinescu, Air Canada's chief executive, accusing the UAE airline of telling "fairy tales" about the...
Toyota's Prius put in the spotlight
Toyota Motor Corp., struggling to regain a reputation for quality after unintended acceleration forced the recall of millions of vehicles, will investigate a report in California of a Prius hybrid...
Freed fiery litigator warns of new fraud wave
SAN FRANCISCO - His debt to society finally paid in full, William Lerach, the fiery shareholder litigator who exposed the excesses of Enron before running afoul of the law himself, warned of another...
Jobless aid, tax breaks clear hurdle in U.S. Senate
The 66 to 34 vote allows the Senate to move toward a final vote for the bill, part of what Democrats call a “jobs agenda” to bring down the country’s 9.7% unemployment rate before November...
Royal Bank eyes U.S. expansion
Gordon Nixon, Royal Bank chief executive, has said he’ll be “cautious” about U.S. takeovers as long as there’s uncertainty over regulations and the...
Citigroup shares surge 8% on Fairholme interview
NEW YORK -- Citigroup Inc stock surged as much as 8.4% on Tuesday after a prominent fund manager said the bank's shares were underpriced. In an interview with Fortune, Fairholme fund manager Bruce...