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Updated: 7 min 4 sec ago

Christie's $745 mln. record auction

Wed, 14/05/2014 - 18:16
May 14 - Contemporary art is hot. Barnett Newman's "Black Fire I" pulled off an upset of the night, selling for more than $84 million, in a record auction for Christie's. Fred Katayama reports.
Categories: Financial Media

Strikers block South Africa mines

Wed, 14/05/2014 - 17:44
May 14 - 1,000 strikers have gathered outside Lonmin's Marikana platinum mine in South Africa preventing workers from breaking the longest and costliest bout of industrial action in the sector's history. As Hayley Platt reports the strike has halted 40 percent of normal global output.
Categories: Financial Media

Fast-track vaccine shows promise against deadly MERS

Wed, 14/05/2014 - 13:45
Maryland biotech firm Novavax reports success in early trials of a vaccine to fight Middle Eastern Respiratory Syndrome, which has killed more than 120 people in Saudi Arabia and continues to spread.
Categories: Financial Media

Allianz’s biggest uncertainty is the euro, not Pimco - CFO

Wed, 14/05/2014 - 11:15
May 14 - The strength of the euro is something we can’t control, says Allianz CFO Dieter Wemmer as the company posted a 28 percent fall in operating profit at its asset management arm due to outflows at Pimco.
Categories: Financial Media

Asia Day Ahead: Great Japan growth expectations

Wed, 14/05/2014 - 08:52
May 14 - Japan’s economy takes center stage with Q1 GDP growth figures due, while a prestigious international art fair opens in Hong Kong with dealers keen to cash in on China’s growing cultural appetite.
Categories: Financial Media

Yuan's path to global currency not without roadblocks

Wed, 14/05/2014 - 07:19
May 14 - The global rise of China's yuan currency is 'inevitable' but will have to be accompanied by serious reforms, according to ASIFMA CEO Mark Austen's 'road map' for yuan internationalization.
Categories: Financial Media

Breakingviews: Cracks appear in Macau casino growth story

Wed, 14/05/2014 - 07:03
May 14 - Market reaction to a crackdown on card payments in the gambling enclave of Macau has shown casino shares' sky-high valuations leave no room for vulnerability, says Breakingviews' Peter Thal Larsen.
Categories: Financial Media

Ex GSK China head faces bribery charge

Wed, 14/05/2014 - 03:51
May 14 - Chinese police have charged the British former China head of drugmaker GlaxoSmithKline and other colleagues with corruption. As Hayley Platt reports it follows allegations the drugmaker made billions of yuan from bribing doctors and hospitals.
Categories: Financial Media

Magic carpet lights the way for informative floors

Wed, 14/05/2014 - 03:08
May 14 - Disoriented airport travellers might soon be able to look to the floor to help them navigate their way to their departure gate. Two Dutch companies have collaborated to produce what they call a 'magic carpet', fitted with LED lights designed to guide pedestrians on their way. Jim Drury reports.
Categories: Financial Media

Digital media leading to longer summer blockbuster season

Wed, 14/05/2014 - 03:04
May 13 - Movie studios are moving up the start of the traditional summer blockbuster season, hoping the cash keeps coming in from digital platforms once ticket sales slow, says Rentrak's Paul Dergarabedian. Conway G. Gittens reports.
Categories: Financial Media

Summer blockbusters get a head start

Wed, 14/05/2014 - 02:54
May 13 - The traditional Hollywood summer blockbuster season is getting a few weeks longer as studios look to extend the most lucrative time of the year in the face of a shorter box office cycle. Conway G. Gittens reports.
Categories: Financial Media

Google's driverless car unveiled

Wed, 14/05/2014 - 01:28
Google took reporters on a test drive of their prototype driverless car, this one a Lexus hybrid. The firm would not let journalists film inside the vehicle.
Categories: Financial Media

PIMCO: Days of double-digit returns for stocks & bonds over

Wed, 14/05/2014 - 01:19
May 13 - PIMCO deputy CIO Scott Mather says the new neutral policy rate for central banks will be close to 0% and expects 3% annual returns on bonds and 5% on stocks.
Categories: Financial Media

Dow winning streak continues

Wed, 14/05/2014 - 01:14
May 13 - Summary: Another record day for stocks; PIMCO's new neutral note; Retail sales disappoint; AT&T in talks to buy DirecTV-sources. Bobbi Rebell reports.
Categories: Financial Media

Breakingviews: Forget the tech bubble

Tue, 13/05/2014 - 19:39
May 13 - Richard Beales and Rob Cox discuss the resurgence of M&A activity and the rising risks associated with some deals.
Categories: Financial Media