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  • Morgan Stanley to sell Indian private banking arm to StanChart Morgan Stanley to sell Indian private banking arm to StanChart

    MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...

  • Large rally places job demands on Italian government Large rally places job demands on Italian government

    Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...

  • Americans happier with economic figures Americans happier with economic figures

    Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...

  • Work starts on creation of new Dubai island Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Financial Times allegedly hacked by Syrians Financial Times allegedly hacked by Syrians

    Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...


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Movie Review

Never Say Never Again [Blu-Ray]

Never Say Never Again [Blu-Ray]

Never Say Never Again will always hold a troubled spot in the James Bond film franchise, which is currently the longest running in motion picture history. On the one hand, it will always be the unofficial Bond film (not counting the 1967 spoof Casino Royale ... ...

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  • Target looks for new ideas from digital world

    Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...

  • Hackers target important Saudi websites

    The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

  • Defense attorney Petters duped my client

    Twin Cities hedge fund manager James Fry was portrayed Monday by his attorney as a victim of the Tom Petters Ponzi that duped small and big investors alike. In his opening statement in Fry's criminal trial, defense attorney Joe Friedberg said his client was "under ether supplied by Tom Petters" and believed he was investing in legitimate transactions involving the sale of ...

  • Currencies Dollar falls as Fed’s Evans calls for more time

    NEW YORK (MarketWatch) -- The dollar fell on Monday, but still traded at nearly five-year highs against the Japanese yen, as a Federal Reserve president said more time is needed to assess labor-market ...

  • Tim Peakes space station mission could put a rocket under Britains economy

    Link to video: Tim Peake to become first official British astronaut to visit International Space Station There is the urge to explore the endless heavens, there are the mysteries of the starry cosmos to solve, but above all there is the faltering economy to revive.Of all the reasons nations give for sending their citizens ...

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