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MORELIA, Mexico (AP) — Three major political parties are campaigning in the Mexican president’s home state, but it’s the groups that aren’t on Sunday’s ballot that have everyone worried: the drug cartels.

In hilly, rural Michoacan, a state known for its avocados, marijuana and meth, the mobsters are putting Mexico’s halting democracy to a test, using violence and bribes to influence elections for governor, the legislature and all 113 mayors.

While many other...

On his outlook for the world economy, Mr Angele said Swiss & Global’s main scenario was weak economic growth in the industrialised countries but no new global recession.

However during a presentation at Swiss & Global’s Zurich offices this morning (9 November) he said this scenario only held if there was no major shock in the financial sector.

He said monetary policy in the industrialised world was likely to remain expansive. Exceptions to this, according to Mr Ange...

In hilly, rural Michoacan, a state known for its avocados, marijuana and meth, the mobsters are putting Mexico’s halting democracy to a test, using violence and bribes to influence elections for governor, the legislature and all 113 mayors.

While many other Mexican states have been penetrated by narco-politics, nowhere is that influence as overt as in Michoacan, where the electoral season so far has featured the kidnapping of nine pollsters, the gunning down of a mayor, and the wi...

Summary: Mark Zuckerberg recently referred to Google+ as Google’s “own little version of Facebook.” Bradley Horowitz responded by saying “we are delighted to be underestimated.”

During a recent interview with PBS broadcast journalist Charlie Rose, Facebook co-founder and CEO Mark Zuckerberg discussed various topics, including competition with Google. More specifically, here’s how Zuckerberg referred to the search giant’s Google+ product.

15% is the fall that the Indian market has witnessed over the past year, with the AUMs of equity funds and ETFs falling by 0.62% in September this year. It’s to deal with such uncertainties that investors are looking for alternative investment options, such as commodities, which are currently witnessing a rally.

In fact, the AUM for gold ETFs increased by 7.9% in September. Does this mean that portfolio management services (PMS) for commodities have become inevitable?
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NZX says its plan to diversify earnings is paying off, with revenue rising 12% in the third quarter.

The stockmarket operator generated $13.9 million in the three months to the end of September compared with $12.2 million a year earlier.

NZX has expanded its operations into agricultural and energy markets to diversify its income sources.

Chief executive Mark Weldon says the company’s strategy to build revenue streams is proving its worth.

Rev...

A Hawaiian-based New Zealand businessman is eyeing opportunities here for investing in a flying school.

Michael Burgess has worked in finance in London, Geneva, Zurich, Dubai and New York.

He’s here for the Rugby World Cup but is also exploring investment opportunities, including a flying school with Mauna Loa Helicopters, one of the biggest helicopter training schools in the United States, where he is the business development manager.

Mr Burgess says man...

These days, perhaps a limited number of people have not come across the word – debt. Actually, today, most of us are under huge debt burdens and a few find the right way to get out of it. Though there are many debt relief options, debt settlement may be the best option as per your condition.

Swiss stocks declined, posting their biggest quarterly in more than a year, as reports on Chinese manufacturing and German retail sales added to concern the global economy is slowing.

Watchmakers led losses as Swatch Group AG (UHR) and Cie. Financiere Richemont SA tumbled more than 5 percent. Panalpina Welttransport Holding AG (PWTN), the freight-forwarding company, slumped 6.1 percent as Morgan Stanley downgraded the stock. Tecan Group AG (TECN), a maker of laboratory equipment, pl...

There is another reason why the seller is interested in selling stock. If the value of the company had seen significant growth in the value of its stock over time, a sale of stock would be subject to a capital gains tax rate. With the current tax structure, the capital gains tax rate is lower than the income tax rate. This could translate into substantially greater net value from the sale.

On the flip side, the buyer would prefer not to purchase the stock of the company, but rather ...