Hot finance topics

Abu Dhabi is taking over management of the city’s port from neighboring Dubai’s port firm DP World, which manages similar facilities around the world.
DP World and Abu Dhabi Terminals said Thursday that ADT will assume management control of Mina Zayed in the new year, when an existing management services agreement expires. The move won’t have […]

South Korea may face the risks of a foreign capital influx and asset bubbles if interest rates are increased further to curb inflation, the Ministry of Strategy and Finance said.
“Raising interest rates to contain inflation could easily cause a herd behavior in foreign capital inflow and create asset bubbles,” the ministry said in an […]

OPEC oil ministers indicated as they convened Saturday that they see no reason to change output targets given the current global economic uncertainty, though they expect demand for crude will continue to grow.
With prices hovering just below $90 per barrel, there was much discussion about whether it would soon broach the psychological barrier of $100.
Oil […]

New Zealand’s central bank left its benchmark interest rate unchanged, saying increases in the next two years will be slower than earlier indicated as the nation’s worst earthquake in 80 years curbs near-term economic growth.
“It seems prudent to keep the cash rate low until the recovery becomes more robust and underlying inflation pressures show […]

Mall of the Americas’ owner has secured a three-year extension on the Miami center’s $52.5 million mortgage with Allstate Life Insurance Co.
The loan’s new maturity date is June 1, 2015, according to court documents.
Palm Beach-based Sterling Organization owns the 790,000-square-foot mall, whose major tenants include Home Depot, Marshalls, Ross Dress for Less, AMC Theaters, CompUSA, […]

In a stunning move, Bay Commercial Bank said it raised $18 million in permanent capital as part of a fund-raising effort that could eventually bring in $53 million.
The bank raised the $18 million from Jacobs Asset Management, Commerce Street Financial Partners, Starboard Funds and other institutional and accredited investors. That money doubled the capital base […]

Hewlett-Packard Co.'s HP Enterprise Services has signed a Continuity of Services Contract with the U.S. Department of the Navy worth more than $3.4 billion if all options are exercised, HP has announced.
The initial award to the unit, which is based in Herndon, Va., is $27 million, the Department of Defense said in its online contract […]

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Betsy Nolen, professional concierge at Barfield Murphy Shank & Smith, was honored with the Ellis Porch Spirit Award from the […]

South African policy makers are looking at whether they should maintain stimulus measures as the economy hasn’t been as affected by the global recession as other countries, central bank Deputy Governor Xolile Guma said.
“Certainly in South Africa, we’ve been taking a look at it, because we were not affected as seriously as other […]

South Korea’s exports rose for the first time in 13 months in November.
Overseasshipments gained 18.8 percent from a year earlier to $34.3 billion, the Ministry of Knowledge Economy said today in Gwacheon. The median estimate of 12 economists surveyed by Bloomberg News was for a 22.8 percent increase. Imports rose 4.7 percent to […]