Newswire

All News, Not Faking it

How China’s bull market could bleed into its economy

Don’t bet more than you can afford. Don’t borrow to play. Don’t chase your losses. Quit while you’re ahead.   If only Chinese stock market investors had followed these basic gambling rules. Seduced by dreams of getting rich quick, millions of inexperienced Chinese...

Europe decides: New $80 billion rescue for Greece?

Finance officials from the 19 countries that use the euro have begun discussing Greece's request for about $80 billion in new loans it needs to avoid bankruptcy and keep the currency.   European leaders gave Greek Prime Minister Alexis Tsipras an ultimatum earlier...

Greek, other euro leaders agreed for new round of talks

Backed by Greek voters and opposition leaders, Prime Minister Alex Tsipras meets Tuesday with other eurozone leaders to see it they can resurrect debt relief negotiations. Following Sunday's referendum in which 61% of voters rejected stringent bailout terms set by...

World Bank removes critical section from China report

BEIJING, China – The World Bank has removed a critical portion from a recently released report on China’s economy, saying the section had not been adequately reviewed. On Wednesday, the Washington-based institution released its China Economic Update report in Beijing,...

Australia is selling a ranch the size of New Jersey

A piece of land the size of New Jersey is up for sale in Australia. At a sprawling 23,000 square kilometers (14,000 square miles), the Anna Creek Station in South Australia is the world's biggest cattle ranch. It's being offered as part of a portfolio of Australian...

Lego is going green.

The toy company plans to invest $1 billion over the next 15 years as part of a broad effort to make its iconic plastic building blocks better for the environment. It will also make its packaging more sustainable. The company made 60 billion Lego pieces last year. So a...

Keeping Australia open for business

There were mixed signals from the current Australian Liberal-National Party Coalition government on its approach to foreign investment when it was elected in 2013. As the government settled in, Prime Minister Tony Abbott declared that ‘Australia was open for...