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Hong Kong shares end morning lower on earnings worries; China Mobile slumps

HONG KONG (XFN-ASIA) - Share prices finished the morning lower in erratic trade following disappointing earnings reports in the US and locally. China Mobile slumped 3.8 pct as Morgan Stanley cut its target price on the stock to 85 hkd after the company's weaker-than-expected third-quarter results. Mainland banks fell on earning worries amid a slowdown in China's economic growth and on reports of increasing bankruptcies in China's Pearl River delta. Resources stocks were pressured after commodity prices fell overnight on global recession worries. Huaneng Power, Anhui Conch and Jiangxi Copper slumped after disappointing quarterly results. CITIC Pacific was down over 9 pct after tumbling 55 pct yesterday on news that it faces a loss of up to 15.

Money worries prompt shoppers to look for online bargains

Money worries will lead to more people shopping online for bargains this Christmas, according to a YouGov survey.

Lackluster auction results raise worries for Art Basel: Disappointing results at fall art auctions cast a cloud over potential for robust prices and sales at Art Basel

Lackluster auction results raise worries for Art Basel: Disappointing results at fall art auctions cast a cloud over potential for robust prices and sales at Art Basel

Circuit City, FTA worries drag down Kospi

Korean stocks fell 2.1 percent yesterday as investor sentiment was dented by worries over a global recession following overnight falls in U.S. markets. The benchmark Kospi declined 23.73 points to 1,128.73. Volume was heavy at 588.3 million shares worth 5.7 trillion won ($4.29 billion), with losers outpacing gainers 585 to 249.

STOCK ALERT China Construction Bank tumbles in HK on worries BoA may cut stake

HONG KONG (XFN-ASIA) - China Construction Bank (CCB) shares plunged in early trade on worries that Bank of America may soon reduce its holdings in the mainland lender as global banks seek to shore up capital.

Hong Kong shares sharply lower amid earnings worries; HSBC hits 5-yr low

HONG KONG (XFN-ASIA) - Share prices were sharply lower following big losses in Tokyo and on growing concerns about corporate earnings as the global economy deteriorates. Worries that more companies may reveal forex losses, following disclosures by CITIC Pacific, China Railway Group and China Railway Construction this week, also kept investors cautious. Major blue chips extended yesterday's slide after a weak showing of their American depositary receipts overnight. HSBC plunged to a 5-year low on bleaker growth prospects in emerging markets, which prompted a target price cut by Morgan Stanley. The Hang Seng index was down 486.87 points or 3.54 pct at 13,273.62, off a low of 13,161.87 and high of 13,478.63. Turnover was 12.04 bln hkd. 'The market was hit hard again after regional weakness and on more financial problems in some developing co

Hong Kong shares end lower as banks, China Mobile hit by earnings worries UPDATE

HONG KONG (XFN-ASIA) - Share prices closed sharply lower, with the index again falling below the 15,000 level, as financials and China Mobile came under heavy selling pressure on worries about their earnings growth.

Best Buy warns, credit fears rise

Nov. 12 - Lowered profit forecasts at leading consumer electronics chain Best Buy and worries the credit crunch has spread kept recession worries at the forefront.

Twenty20 killing county cricket: Bird

Melbourne: The rate at which Twenty20 is climbing the popularity charts worries former Test umpire Dickie Bird, who fears the shortest version of the game may end up killing county cricket in England. “Twenty20 has done a lot for the game, it has brought youngsters into cricket... but what worries me is that it could kill county cricket,” Bird was quoted as saying in the

Worries About Banks

Policymakers have been rolling up their sleeves to stave off the global financial crisis and minimize its effect on the real economy. But they are finding it ever more difficult because of the rapidly spreading effects of the crisis. The Lee Myung-bak administration has come up with a series of economic stimulus packages to ride out the credit tsunami originating from Wall Street. The packages of tax cuts and expanded budget spending total 33 trillion won, or 3.7 percent of the nation's gross domestic product (GDP).

Worries over bailouts put bank trio on slide: Monday latest from the London Stock Exchange

The three High Street banks taking refuge in the Government's lifeboat were the biggest fallers among bluechip stocks today as City investors became increasingly disillusioned with the terms of their proposed fundraisers.

Ponting worries about Test future

AUSTRALIA captain Ricky Ponting fears Twenty20 could kill off Test cricket in countries like New Zealand and the West Indies.

Recession Worries? Go Open Source to Cut Costs

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Money worries: Your questions

I will be 65 next July, and my pension fund, already only modest, is likely to be affected. Can you give me any positive comment on what the effect will be, and what I should be doing to reduce the impact?

Recession Worries? Go Open Source to Cut Costs

These days you have many open source products that are just as feature rich, reliable, useful, and usable as their closed source counterparts.

Recession Worries? Go Open Source to Cut Costs

These days you have many open source products that are just as feature rich, reliable, useful, and usable as their closed source counterparts.

Recession worries? Go open source to cut costs

With the world economy in shambles many businesses are already battening down the hatches expecting rough seas ahead. IT budgets will shrink along with all other budgets, and maybe even more than other budgets. After all, companies still need to advertise and pay their workforce, but they may be able to do without new servers or software for a while. And that is where open source software vendors can help keep the ship sailing. (Also read, Five Cheap (or Free) Software Programs You Can Afford During a Financial Crisis.)

Recession worries? Go open source to cut costs

With the world economy in shambles many businesses are already battening down the hatches expecting rough seas ahead. IT budgets will shrink along with all other budgets, and maybe even more than other budgets. After all, companies still need to advertise and pay their workforce, but they may be able to do without new servers or software for a while. And that is where open source software vendors can help keep the ship sailing. (Also read, Five Cheap (or Free) Software Programs You Can Afford During a Financial Crisis.)

Recession Worries? Open Source Software Is a Great Way to Cut Costs

IT budget slashed again? If you need to cut costs, open-source software can save you a bundle--and it's likely a better application than the proprietary equivalents.

New Worries Over WiFi Encryption...

Russian firm Elcomsoft has recently proved that the latest NVidia graphics cards can be used to dramatically accelerate brute force decryption attacks by a factor of 10,000 percent. This alarming discovery shows that the security standards provided by WiFi's WPA and WPA2 encryption systems are worryingly insufficient when it comes to protecting data transmitted over wireless connections. This raises serious doubts about 'out-of-the-box security' and iterates the importance of utilizing added protection - such as VPN encryption.

Senator worries Google ad money will be like crack for Yahoo

The deal between Yahoo and Google, which would see Google supply ads for the search pages of its largest competitor, has already been put on hold while the Justice Department evaluates it on antitrust grounds. Most observers are expecting a straight thumbs-up or -down from the DoJ, based on how the deal will affect prices and competition. But at least one US Senator feels that this isn't sufficient. Herb Kohl (D-WI) has released an open letter in which he calls on the DoJ to monitor how the deal evolves, and be prepared to step in at any point it decides that competition for search ads has been harmed. Meanwhile, Google and Yahoo have agreed to put the deal on hold until the DoJ's investigation is complete.

New health worries for MP3 players

MP3 players may be harmful to certain heart-monitoring electronics, according to the American Heart Association (AHA.)

New health worries for MP3 players

MP3 players may be harmful to certain heart-monitoring electronics, according to the American Heart Association (AHA.) Skip related content

New health worries for MP3 players

MP3 players may be harmful to certain heart-monitoring electronics, according to the American Heart Association (AHA.)

New health worries for MP3 players

MP3 players may be harmful to certain heart-monitoring electronics, according to the American Heart Association (AHA.)

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