Asian stocks rose, buoyed by a weaker yen and faster-than-expected growth in Japan's machinery orders. Toyota Motor Corp. and Advantest Corp. gained.
Read more at Bloomberg.com
Thursday, March 8, 2007
European Stocks Rise on Earnings; Suez, Aegon and BNP Advance
European stocks rallied for a third day, led by Suez SA and Aegon NV after the companies reported earnings that topped analysts' estimates.
Deutsche Bank AG and BNP Paribas SA, the biggest banks in Germany and France, respectively, gained after JPMorgan Chase & Co. increased its recommendation on the shares. BHP Billiton, the world's biggest mining company, led shares of raw-material producers higher as metals prices rose.
Read more at Bloomberg.com
Deutsche Bank AG and BNP Paribas SA, the biggest banks in Germany and France, respectively, gained after JPMorgan Chase & Co. increased its recommendation on the shares. BHP Billiton, the world's biggest mining company, led shares of raw-material producers higher as metals prices rose.
Read more at Bloomberg.com
Emerging-Market Stocks Advance on Earnings, Growth Prospects
Emerging-market stocks rose, completing their biggest three-day gain in eight months, on prospects for economic growth and increased profits.
Indexes in China, Brazil, Hungary, Mexico, Turkey and Malaysia gained more than 1.8 percent. India's Sensitive Index climbed the most in eight months after the country's prime minister said the economy may expand more than 9 percent this year.
U.S. Treasury Secretary Henry Paulson said yesterday global economic growth is "solid.'' The U.S. economy is likely to strengthen this year, economists said in a survey by Bloomberg. Premier Wen Jiabao of China, the world's fastest growing major economy, left the 8 percent growth target unchanged from last year.
Read more at Bloomberg.com
Indexes in China, Brazil, Hungary, Mexico, Turkey and Malaysia gained more than 1.8 percent. India's Sensitive Index climbed the most in eight months after the country's prime minister said the economy may expand more than 9 percent this year.
U.S. Treasury Secretary Henry Paulson said yesterday global economic growth is "solid.'' The U.S. economy is likely to strengthen this year, economists said in a survey by Bloomberg. Premier Wen Jiabao of China, the world's fastest growing major economy, left the 8 percent growth target unchanged from last year.
Read more at Bloomberg.com
U.S. Stocks Rise, Led by Phone Shares, Steelmakers; AT&T Gains
U.S. stocks posted their second gain this week, buoyed by the prospect of increasing sales and earnings at telephone companies, raw-materials producers and luxury retailers.
The advance, led by phone carrier AT&T Inc., steelmaker Nucor Corp. and department-store chain Nordstrom Inc., enabled the market to recoup about a third of its losses since Feb. 27.
The Standard & Poor's 500 Index and the Nasdaq Composite Index rose to one-week highs after falling yesterday, while the Dow Jones Industrial Average climbed to its highest this month.
Read more at Bloomberg.com
The advance, led by phone carrier AT&T Inc., steelmaker Nucor Corp. and department-store chain Nordstrom Inc., enabled the market to recoup about a third of its losses since Feb. 27.
The Standard & Poor's 500 Index and the Nasdaq Composite Index rose to one-week highs after falling yesterday, while the Dow Jones Industrial Average climbed to its highest this month.
Read more at Bloomberg.com
Nikko shareholder says Citigroup offer too low
Citigroup's $10.8 billion offer to buy Nikko Cordial Corp. undervalues the Japanese brokerage, major Nikko shareholder Southeastern Asset Management said on Friday
Read more at Reuters.com
Read more at Reuters.com
Rand gains over 1 pct versus dollar
South Africa's rand gained over one percent against the dollar late on Thursday as market nerves settled after a global sell-off of risky assets pushed the unit to 4-month lows earlier in the week.
Read more at Reuters South Africa
Read more at Reuters South Africa
Getting To Know Business Models
When analyzing companies, investors can easily get caught up in details such as performance figures, stock ratios and valuation tools while forgetting a more basic question: how does the company actually make money?
A solid business model remains the bedrock of every successful investment. To distinguish the great companies from the losers, investors should learn how to describe and evaluate companies' business models.
Read the full article at investopedia.com
A solid business model remains the bedrock of every successful investment. To distinguish the great companies from the losers, investors should learn how to describe and evaluate companies' business models.
Read the full article at investopedia.com
Moody's gives SA the thumbs-up
Top global ratings agency beefs up its South African presence through an acquisition.
Moody's Corporation, parent company of the international rating agency whose favourable ratings are sought by countries and corporates alike, will be swallowing an established South African rating agency in order to deepen its coverage in the local market.
The New York listed Moody's, which boasted $2bn in turnover last year and employs 3 400 people across twenty-eight countries, announced on Thursday that it will be buying Johannesburg based CA-Ratings.
CA-Ratings was established in 1993 and is the leading provider of municipal and fund ratings in South Africa. It also offers ratings on various other financial products and institutions.
Moody's Investors Service already has a South African office, which provides ratings for domestic financial products and institutions, and globally comparable ratings for cross-border financing.
Read more at MoneyWeb.co.za
Moody's Corporation, parent company of the international rating agency whose favourable ratings are sought by countries and corporates alike, will be swallowing an established South African rating agency in order to deepen its coverage in the local market.
The New York listed Moody's, which boasted $2bn in turnover last year and employs 3 400 people across twenty-eight countries, announced on Thursday that it will be buying Johannesburg based CA-Ratings.
CA-Ratings was established in 1993 and is the leading provider of municipal and fund ratings in South Africa. It also offers ratings on various other financial products and institutions.
Moody's Investors Service already has a South African office, which provides ratings for domestic financial products and institutions, and globally comparable ratings for cross-border financing.
Read more at MoneyWeb.co.za
Google wins Earth tech battle
Google has won a key court ruling in a patent dispute over Google Earth, its popular three-dimensional mapping software.
In a summary judgment issued on Wednesday, a US district judge decided Google Earth does not infringe on a patent issued to Skyline Software Systems in 2002.
Read more at FIN24.co.za
In a summary judgment issued on Wednesday, a US district judge decided Google Earth does not infringe on a patent issued to Skyline Software Systems in 2002.
Read more at FIN24.co.za
Vodacom faces first strike
Vodacom workers - members of the Communications Workers Union (CWU) - will embark on the company's first strike in history from March 12, the union said on Thursday.
The strike will be in the form of rolling mass action.
Spokesperson Mfanafuthi Sithebe said the industrial action followed an unresolved dispute on the recognition of CWU by Vodacom.
Read more at FIN24.co.za
The strike will be in the form of rolling mass action.
Spokesperson Mfanafuthi Sithebe said the industrial action followed an unresolved dispute on the recognition of CWU by Vodacom.
Read more at FIN24.co.za
SA facing new rate threat
Rising maize and wheat prices are reducing the chances that South Africa's main inflation rate will slow in line with central bank forecasts, increasing the risk of another interest rate hike.
South Africa's central bank last year raised interest rates by a cumulative 200 basis points as it battled to keep inflation within its target band of 3-6%.
The Reserve Bank halted its tightening cycle in mid-February on an improved inflation outlook and predicted that CPIX inflation - targeted for monetary policy - will peak at 5.6% in the second quarter before easing to average 4.7% in 2008.
Read more at FIN24.co.za
South Africa's central bank last year raised interest rates by a cumulative 200 basis points as it battled to keep inflation within its target band of 3-6%.
The Reserve Bank halted its tightening cycle in mid-February on an improved inflation outlook and predicted that CPIX inflation - targeted for monetary policy - will peak at 5.6% in the second quarter before easing to average 4.7% in 2008.
Read more at FIN24.co.za
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