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Investment in futures transactions are easy to understand. The periphery of the negotiation seems complex, but once you know the principles you can easily navigate to the top of the pack in More »
Every year people use informal debt management plans for resolving their debt problems. These plans often last for several years, and what alternatives would borrowers be better considering? Debt management plan has More »
Before investing you need to know what mutual funds are. These funds are professionally managed reams of securities primarily consist of stocks, bonds and money market securities. With the right sales of More »
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Most traders are commodity futures trading at their recklessness. Read more…
Nokia Corp. on Tuesday launched its first smartphones to run on the updated Symbian software with new icons, enhancements and a faster browser.
Nokia said the two models – the E6 and X7 – have longer battery life, better text input and new Ovi Maps applications with improved search and public transport routes.
The Nokia E6, with a standard QWERTY keypad and high resolution touch display, is aimed at corporate customers, while the Nokia X7 is an entertainment-focused handset with a 4-inch (10-centimeter) display made for games.
The world’s largest cellphone maker did not price the handsets.
Markets seemed unimpressed by the announcement, which comes as Nokia continues to struggle against stiff competition, especially from Apple Inc. and Research in Motion Ltd.Nokia stock fell more than 3 percent to euro6.08 ($8.80) on the Helsinki Stock Exchange.
More than 200 million phones, with 150 million more expected on the market, use Symbian technology, seen by some developers as clumsy and dated. Read more…
The ability to work from home is one of the benefits of living in a modern world. But believe it or not, as a home business owner you may be exposing yourself to risks that are not covered by your home insurance policy. When an insurance policy is underwritten, all the risks that the proposed insured presents are evaluated and the policy is issued and priced accordingly. So unless you disclose to your home insurance company that you are running a business out of your home and they add coverage for the liabilities associated with that in your policy, then claims that occur and affect your home office may not be covered. In that case, you may need a separate business insurance policy. Even if you do let them know and they add wording to the policy that covers your business property in the event of an insurable incident, that does not mean that your business is completely covered. Business liabilities can affect the work you do and not the stuff you own, so coverage of them might require professional liability policies such as errors and omissions insurance.
– European government officials and commercial bankers struggled to reconcile competing proposals for a second bailout of Greece on Monday, just three days before a summit meeting called to prevent the crisis from spreading through the region.
French government spokeswoman Valerie Pecresse said she believed the summit of the euro zone’s 17 national leaders scheduled for Thursday in Brussels would agree on a rescue of Greece, supplementing a 110 billion euro bailout launched in May last year.
But after three weeks of preparatory talks, it was unclear how a consensus could be reached on a way for private owners of Greek government bonds — banks, insurers and other investors — to contribute to the bailout by taking cuts in the face value of their holdings.
Imposing a small tax on all euro area banks is under active consideration as a possible alternative to more risky forms of private sector involvement, a source familiar with the talks said, confirming a German media report.
The source also said officials were considering measures to try to prevent the fallout from the Greek crisis from damaging financial markets globally.
Fears that the rescue of Greece might fail, leading eventually to a disorderly debt default, pushed the euro down against other currencies and bond yields of highly indebted euro zone governments rose.
– EU leaders must find a convincing solution to Greece’s debt crisis at a summit on Thursday or the global economy will pay the price, the head of the European Commission said in an unusually somber warning.
Jose Manuel Barroso delivered the message as officials of the 17-nation currency area and bankers struggled to pin down a package of measures to persuade markets Greece can be saved from default and the rest of the euro zone from contagion.
“Nobody should be under any illusion: the situation is very serious. It requires a response, otherwise the negative consequences will be felt in all corners of Europe and beyond,” Barroso told a news conference.
He said the elements of a solution must include: measures to ensure the sustainability of Greek public finances, private sector involvement in funding for Athens, more flexible use of the euro zone’s EFSF bailout fund, repair of the region’s banking system and liquidity to keep the economy going.
In what sounded like veiled criticism of German Chancellor Angela Merkel, Europe’s reluctant paymaster, Barroso said it was time for leaders to say “what they can do and what they want to do.