Monday, October 22, 2012

The Top Ten Stocks for Monday, October 22


Oct. 22 (Bloomberg) -- Bloomberg's Betty Liu, Dominic Chu, Matt Miller and Julie Hyman report on today's ten most important stocks including Nexen, BP and Yahoo!. They speak on Bloomberg Television's "In The Loop."

Snack Pack: Gold Options, Yen, Yield Curve, Stocks


Oct. 22 (Bloomberg) -- Bloomberg's Stephanie Ruhle, Scarlet Fu, Dominic Chu and Julie Hyman update the top trading stories of the day. They speak on Bloomberg Television's "Lunch Money."

Striking Gold Ahead of Fed Meeting


Oct. 22 (Bloomberg) -- Domini Chu reports on today's top commodities news headlines on Bloomberg Television's "Lunch Money." (Source: Bloomberg)

China facing huge housing shortage



Published on Oct 21, 2012 by
China is facing a huge shortage in available housing due to mass migration from the countryside to the cities.

It will be a major challenge for China's next premier Li Keqiang.

Huey Fern Tay reports.

Gillard turns on the charm in India



Published on Oct 21, 2012 by
As India and Australia commit to formal negotiations on uranium sales and annual leaders meetings, both countries are seeking to usher in a new chapter in bilateral relations.

Guatemala mine town sees surge in violence



Published 22 October 2012 15:02 190 Views
The Marlin Gold Mine is one of the biggest and most profitable in Guatemala. But since it started operating in 2005 the surrounding communities have witnessed a surge in violence. Locals say opposing the mine, which wants to buy up local land, has stirred up angry workers who fear a loss of their jobs if the mine does not continue to expand. Al Jazeera's Dave Mercer speaks to Diadora Hernandez, who says she was nearly killed because of her opposition to the mine.

Marikana families grieve for loved ones



Published 21 October 2012 18:26 618 Views
The Judicial Commission of Inquiry into what happened at the Marikana platinum mine in South Africa operated by Lonmin is due to resume its probe on Monday. The families of the 34 miners that were shot dead by police in August are still mourning. Al Jazeera's Tania Page reports from the Eastern Cape in South Africa.

Warning sounded on impact of urban farming



Published 21 October 2012 18:57 1253 Views
Researchers in Kenya are warning that urban farms are helping spawn new diseases at an unprecedented rate. The scientists found that larger slums and a growing demand for food are pushing humans and animals into closer contact, which could fuel the spread of epidemics. Peter Greste reports from Nairobi, Kenya's capital.

Talk: Nobel Peace Prize - A Boost for Europe? | Quadriga



Published on Oct 20, 2012 by
As it continues to struggle with a devastating economic crisis, the European Union has been awarded the 2012 Nobel Peace Prize. With the selection, the Nobel Committee is striking a counterblow to the bloc's critics. Chairman Thorbjørn Jagland emphasized that the "historic" prize had perspectives that were both "current and long-term."
Read more on
http://www.dw.de/quadriga-nobel-peace-prize-a-boost-for-europe-2012-10-18/e-1...

Rosneft Buys TNK Unit from BP



Published on Oct 22, 2012 by
Rosneft, Russia's state-controlled energy firm, is one step closer to becoming the world's biggest oil company after reaching a $55bn deal with BP and a group of investors.

This means that BP and a consortium of Russian investors known as AAR, will each sell their 50 % share in a joint venture known as TNK-BP to Rosneft in return for cash and shares. The UK firm will get $17.1bn (£10.7bn) cash and a 12.84% stake in Rosneft, enabling BP to continue to share in Russia's vast energy resources. BP has agreed to eventually use some of the cash to buy further Rosneft shares, taking its stake to 19.75%.

This deal has the blessing of the Russian President Vladimir Putin, who said state-controlled Rosneft had made a good deal at a good price: "This is a good, large deal that is necessary, not only for the Russian energy sector but also the entire economy."

The $55bn value makes it the second largest transaction in oil industry history - behind the $80bn takeover of Mobil by Exxon in 1999 - and the biggest ever by a Russian company. Once the transaction closes, Rosneft will control around 40 % of Russia's crude output and match the annual production of Exxon Mobil.

Written and Presented by Ann Salter

European markets at close: 22.10.2012



Published on Oct 22, 2012 by

euronews science: Are you one of the filthy rich?



Published on Oct 22, 2012 by
http://www.euronews.com/ The expression 'filthy rich' takes on a whole new meaning in the light of a study into germs and dirt found on many of our bankcards and notes.

Nearly one in 10 bankcards contains traces of faecal matter and cash is even worse - one in seven banknotes has the same number of germs as a dirty toilet.

Scientists at London's Queen Mary University Hospital carried out the research on nearly 300 people.

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Japan's exports sound warning note for economy



Published on Oct 22, 2012 by
http://www.euronews.com/ Japan's September exports fell by more than the median forecast, 10.3%, and the Bank of Japan governor today said the economy was "leveling off".

It is just the latest sign of a slackening of activity in Asia. The BOJ also revised down forecasts for eight out of nine regional economies, and Taiwan's unemployment hit a one-year high.

The BOJ says it is to proceed with what it called "seamless" monetary easing. The export dive is the worst since May last year, and the post-tsunami disruption of production and distribution of goods throughout Japan.

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Europe Day Ahead: Euro zone takes back seat, for once (1:57)



Oct. 22 - Euro zone debt worries take a back seat for once as corporate earnings' season gets into full swing. Heineken is the big name to watch out for.

Vineyard robot will prune like a pro (2:12)



Oct. 22 - A French engineer is offering wine-growers an efficient way to prune their vines without breaking their back - a robot designed to do it for them. While Wall-Ye (pron: Wall-Yee) the robot is still a work in progress, wine growers who've seen it are drinking to its potential. Jim Drury reports