(Bloomberg) -- Huadian Power International Corp., the fourth-largest Hong Kong-listed Chinese power producer by market value, said first-quarter output rose 19.8 percent to 14 million megawatt hours from a year earlier.
Huadian Power and its units sold 13.1 million megawatt hours of electricity in the three months ended March 31, a 19.4 percent increase from a year ago, the Beijing-based company said in a statement to the Hong Kong stock exchange today.
Read more at Bloomberg Energy News
Monday, April 16, 2007
Prodi wants Telecom Italian, Mexicans weigh options
(Reuters) - By Giselda Vagnoni and Jo Winterbottom
TOKYO/MILAN, April 17 - Italian Prime Minister Romano Prodi said he hoped Telecom Italia would stay in Italian hands as future control of the country's largest telecoms group is up in the air and it waits for a new chairman.
Read more at Reuters.com Mergers News
TOKYO/MILAN, April 17 - Italian Prime Minister Romano Prodi said he hoped Telecom Italia would stay in Italian hands as future control of the country's largest telecoms group is up in the air and it waits for a new chairman.
Read more at Reuters.com Mergers News
Xstrata gets Canadian approval for LionOre offer
(Reuters) - London-listed miner Xstrata Plc said on Tuesday it had received an Advance Ruling Certificate from the Canadian Competition Bureau in respect of its cash offer for LionOre Mining International Ltd.
"Xstrata is therefore free to proceed with its offer with no further anti-trust review in Canada," the company said in a statement.
Read more at Reuters Africa
"Xstrata is therefore free to proceed with its offer with no further anti-trust review in Canada," the company said in a statement.
Read more at Reuters Africa
Tesco year profit up 13 pct, to return 3 bln stg
(Reuters) - The supermarket group, which had previously said it would return 1.5 billion pounds to shareholders, said on Tuesday it made underlying profit before tax of 2.55 billion pounds in the year ended Feb. 24.
Like-for-like sales in its core UK market, excluding fuel, rose 5.8 percent in the final quarter of the year, up from a 5.6 percent rise in the third quarter.
Read more at Reuters.com Market News
Like-for-like sales in its core UK market, excluding fuel, rose 5.8 percent in the final quarter of the year, up from a 5.6 percent rise in the third quarter.
Read more at Reuters.com Market News
PRESS DIGEST - Wall Street Journal - April 17
(Reuters) - * Among the top five U.S. home-mortgage lenders, Washington Mutual Inc. last year made the highest percentage of loans to investors or second-home buyers, according to a Wall Street Journal analysis of data filed with banking regulators.
* A gunman killed 32 people at Virginia Tech in the deadliest shooting rampage in modern U.S. history Monday, cutting down his victims in two attacks two hours and a half-mile apart before the university could figure out what was going on and get the warning out to students.
Read more at Reuters.com Bonds News
* A gunman killed 32 people at Virginia Tech in the deadliest shooting rampage in modern U.S. history Monday, cutting down his victims in two attacks two hours and a half-mile apart before the university could figure out what was going on and get the warning out to students.
Read more at Reuters.com Bonds News
Japan's Ota aims for better data to calculate GDP
(Reuters) - The cabinet office revises annual GDP data once a year to improve its estimate of the country's economic activity by using more comprehensive data such as industrial statistics as well as changing calculation methods.
"There are reasons behind this, but such a gap is something that cannot be overlooked in looking at the economy," Ota told a news conference.
Read more at Reuters.com Economic News
"There are reasons behind this, but such a gap is something that cannot be overlooked in looking at the economy," Ota told a news conference.
Read more at Reuters.com Economic News
Chilean Peso Rises to Highest in Almost Four Months as Copper Prices Climb
(Bloomberg) -- Chile's peso rose to the highest in almost four months as copper, the country's biggest export, increased on concern of falling supplies because of a strike at an Indonesian mine.
Copper extended its 10-week rally today after a work stoppage at Indonesia's Grasberg mine, owned by Freeport-McMoRan Copper & Gold Inc. The mine is the world's second-biggest source of the metal. Copper prices last week jumped 4.8 percent and were up 46 percent since Feb. 2, partly because of surging Chinese demand.
Read more at Bloomberg Currencies News
Copper extended its 10-week rally today after a work stoppage at Indonesia's Grasberg mine, owned by Freeport-McMoRan Copper & Gold Inc. The mine is the world's second-biggest source of the metal. Copper prices last week jumped 4.8 percent and were up 46 percent since Feb. 2, partly because of surging Chinese demand.
Read more at Bloomberg Currencies News
ServiceMaster Receives Commitments for $4.5 Billion of Debt to Fund Buyout
(Bloomberg) -- ServiceMaster Co., the owner of the TruGreen LandCare and Terminix pest control businesses, received commitments for $4.5 billion in loans to finance its buyout by Clayton Dubilier & Rice Inc., according to a regulatory filing.
Lenders including Citigroup Inc. agreed to a $2.65 billion term loan, a $200 million credit facility, and a $500 million revolving credit line, Memphis, Tennessee-based ServiceMaster said in the Securities and Exchange Commission filing today.
Read more at Bloomberg Bonds News
Lenders including Citigroup Inc. agreed to a $2.65 billion term loan, a $200 million credit facility, and a $500 million revolving credit line, Memphis, Tennessee-based ServiceMaster said in the Securities and Exchange Commission filing today.
Read more at Bloomberg Bonds News
Wall St surges on Citigroup, Sallie Mae
(Reuters) - U.S. stocks rose on Monday, as investors snapped up financial shares after unexpectedly strong results from Citigroup and news of a $25 billion buyout of student loan company Sallie Mae.
The gains took all three major indexes firmly back above the levels seen before the stock market's late February sell-off, with Citigroup's shares leading advances on both the S&P 500 and the Dow, with a 3.1 percent gain.
Read more at Reuters Africa
The gains took all three major indexes firmly back above the levels seen before the stock market's late February sell-off, with Citigroup's shares leading advances on both the S&P 500 and the Dow, with a 3.1 percent gain.
Read more at Reuters Africa
Wal-Mart watchdog group says negative view grew
(Reuters) - The poll found that 11 percent of Wal-Mart shoppers say they have shopped at Wal-Mart less because of its business and labor practices.
The poll also found that 71 percent of respondents viewed the company favorably and 70 percent reported shopping at the store at least once a month.
Read more at Reuters.com Business News
The poll also found that 71 percent of respondents viewed the company favorably and 70 percent reported shopping at the store at least once a month.
Read more at Reuters.com Business News
Nymex Gas Falls on Forecasts for End to Cold Spell Across Much of the U.S.
(Bloomberg) -- Natural gas fell in New York as forecasters said a trend of below-average temperatures would ease later this week, reducing consumption of the heating fuel.
The entire eastern half of the nation will get higher-than- normal temperatures from April 21 through 29, the latest outlook from government forecasters at the Climate Prediction Center showed. Benchmark natural gas futures have climbed 12 percent the past month.
Read more at Bloomberg Energy News
The entire eastern half of the nation will get higher-than- normal temperatures from April 21 through 29, the latest outlook from government forecasters at the Climate Prediction Center showed. Benchmark natural gas futures have climbed 12 percent the past month.
Read more at Bloomberg Energy News
HearUSA reports first-quarter revenue of $23.5 mln
(Reuters) - The company had announced last week that the results of the first three quarters of 2006 should not be relied upon due to the restatement of some financial statements.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Triumphant Correa fights for Ecuador assembly power
(Reuters) - QUITO, April 16 - A triumphant President Rafael Correa faced off against a weakened opposition on Monday at the start of a battle for control of a new assembly that Ecuadoreans overwhelmingly voted to create in a referendum.
Correa, a leftist and friend of Venezuelan President Hugo Chavez, said he wanted a radical overhaul of Ecuadorean politics after he won Sunday's vote in a landslide that should enable him to wrest power from a Congress reviled as corrupt.
Read more at Reuters.com Bonds News
Correa, a leftist and friend of Venezuelan President Hugo Chavez, said he wanted a radical overhaul of Ecuadorean politics after he won Sunday's vote in a landslide that should enable him to wrest power from a Congress reviled as corrupt.
Read more at Reuters.com Bonds News
Fed's Fisher - bad fiscal policy pressures the Fed
(Reuters) - Fisher, who is not a voting member of the fed's policy-setting committee this year, released a copy of the speech to the media in advance.
"Bad fiscal policy creates pressures for bad monetary policy. When fiscal policy gets out of whack, monetary authorities face pressure to monetize the debt, a cardinal sin in my mind," Fisher said.
Read more at Reuters.com Bonds News
"Bad fiscal policy creates pressures for bad monetary policy. When fiscal policy gets out of whack, monetary authorities face pressure to monetize the debt, a cardinal sin in my mind," Fisher said.
Read more at Reuters.com Bonds News
Spectrum gets FDA fast review; $4 mln payment
(Reuters) - The FDA is expected to make a decision by Aug. 15, 2007.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
WRAPUP 1-U.S. retail sales rise, NY manufacturing edges up
(Reuters) - Retail sales rose by 0.7 percent as warmer weather and an earlier-than-usual Easter holiday encouraged shoppers in March. Excluding automobiles and parts, sales were up a somewhat smaller-than-expected 0.8 percent, according to the Commerce Department report.
"It's a good solid report, it certainly suggests that first-quarter GDP is going to be at least 2 percent, could be a little more" said Charles Lieberman, chief investment officer at Advisors Capital Management LLC in Paramus, New Jersey.
Read more at Reuters.com Economic News
"It's a good solid report, it certainly suggests that first-quarter GDP is going to be at least 2 percent, could be a little more" said Charles Lieberman, chief investment officer at Advisors Capital Management LLC in Paramus, New Jersey.
Read more at Reuters.com Economic News
US sees Feb long-term capital inflow of $58.1 bln
(Reuters) - Including short-term securities such as Treasury bills, foreigners bought a net $94.5 billion of U.S. securities in February, more than enough to cover that month's $58.4 billion trade deficit and above the upwardly revised January net inflows of $79.6 billion.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Canada Stocks May Rise on Commodities Prices, Mergers; Algoma May Advance
(Bloomberg) -- Canadian stocks may rise for a third day, led by shares of commodity producers, as prices for copper, gold and crude oil extended rallies, and Algoma Steel Inc. became the latest Canadian company to agree to be bought.
``Rising commodity prices point to a strong global economy,'' said John Johnston, who helps manage about $2.6 billion as chief strategist at The Harbour Group, a unit of RBC Dominion Securities Inc. in Toronto. ``There's huge global consolidation going on. Given the relatively stable political environment in Canada there's a premium on Canadian assets. There's room for the bull market in commodities to continue.''
Read more at Bloomberg Stocks News
``Rising commodity prices point to a strong global economy,'' said John Johnston, who helps manage about $2.6 billion as chief strategist at The Harbour Group, a unit of RBC Dominion Securities Inc. in Toronto. ``There's huge global consolidation going on. Given the relatively stable political environment in Canada there's a premium on Canadian assets. There's room for the bull market in commodities to continue.''
Read more at Bloomberg Stocks News
March retail sales up 0.7 pct
(Reuters) - Excluding gasoline, sales were up 0.4 percent in March after rising by the same margin the prior month.
Economists polled ahead of the report were expecting overall retail sales to advance by 0.6 percent and by 0.9 percent excluding automobiles. Figures for the prior month were revised up, to a 0.5 percent rise in overall sales and a 0.4 percent gain excluding autos.
Read more at Reuters.com Business News
Economists polled ahead of the report were expecting overall retail sales to advance by 0.6 percent and by 0.9 percent excluding automobiles. Figures for the prior month were revised up, to a 0.5 percent rise in overall sales and a 0.4 percent gain excluding autos.
Read more at Reuters.com Business News
UPDATE 1-Quest Diagnostics to buy Ameripath for $1.23 bln
(Reuters) - AmeriPath, controlled by Welsh, Carson, Anderson and Stowe IX L.P., provides dermatopathology, anatomic pathology and esoteric testing and has annual revenue of more than $800 million.
The total deal value, including about $770 million in assumed debt, comes to $2 billion, the companies said.
Read more at Reuters.com Bonds News
The total deal value, including about $770 million in assumed debt, comes to $2 billion, the companies said.
Read more at Reuters.com Bonds News
U.S. Stock-Index Futures Climb; Sallie Mae, Citigroup, Eli Lilly Advance
(Bloomberg) -- U.S. stock-index futures rose after SLM Corp. accepted a $25 billion takeover bid and Citigroup Inc. reported first-quarter earnings that beat analysts' estimates.
SLM, the student-loan provider known as Sallie Mae, accepted a $60-a-share offer from JPMorgan Chase & Co., Bank of America Corp. and two private-equity funds. Citigroup gained after the biggest U.S. bank said revenue grew faster than operating costs for the first time since the third quarter of 2005.
Read more at Bloomberg Stocks News
SLM, the student-loan provider known as Sallie Mae, accepted a $60-a-share offer from JPMorgan Chase & Co., Bank of America Corp. and two private-equity funds. Citigroup gained after the biggest U.S. bank said revenue grew faster than operating costs for the first time since the third quarter of 2005.
Read more at Bloomberg Stocks News
Quest Diagnostics buys Ameripath
(Reuters) - AmeriPath, controlled by Welsh, Carson, Anderson and Stowe IX L.P., provides dermatopathology, anatomic pathology and esoteric testing and has annual revenue of more than $800 million.
The total deal value, including about $770 million in assumed debt, comes to $2 billion, the companies said.
Read more at Reuters.com Mergers News
The total deal value, including about $770 million in assumed debt, comes to $2 billion, the companies said.
Read more at Reuters.com Mergers News
Gold Gains in London on Investor Demand for Inflation Hedge; Silver Rises
(Bloomberg) -- Gold rose to a nine-week high on speculation that climbing commodity costs and a decline in the dollar will spur demand for the metal as a hedge against inflation. Silver gained.
Bullion has increased 8 percent this year as the dollar declined 2.6 percent against the euro. Copper was also higher today. Demand for gold in exchange-traded funds will help the metal to an average of $680 an ounce in 2007, from about $653 so far this year, Morgan Stanley said in a report yesterday.
Read more at Bloomberg Commodities News
Bullion has increased 8 percent this year as the dollar declined 2.6 percent against the euro. Copper was also higher today. Demand for gold in exchange-traded funds will help the metal to an average of $680 an ounce in 2007, from about $653 so far this year, Morgan Stanley said in a report yesterday.
Read more at Bloomberg Commodities News
Algoma, Clearwater, First Uranium and SR Telecom: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index on April 13 rose 78.97, or 0.6 percent, to a record 13,578.62 in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index on April 13 rose 78.97, or 0.6 percent, to a record 13,578.62 in Toronto.
Read more at Bloomberg Stocks News
UPDATE 1-Eaton posts higher quarterly profit
(Reuters) - However, Eaton also said it still expects a 3 percent to 4 percent decline in the end markets that it serves, mostly due to the decline in the North American heavy truck market.
"Overall, the weighted average of our end markets in the first quarter performed as we had expected, buoyed by stronger conditions in the markets for NAFTA heavy-duty trucks and Brazilian agricultural equipment, offset by weaker conditions in the North American markets for residential electrical equipment and hydraulics," Eaton Chief Executive Alexander Cutler said in a statement.
Read more at Reuters.com Market News
"Overall, the weighted average of our end markets in the first quarter performed as we had expected, buoyed by stronger conditions in the markets for NAFTA heavy-duty trucks and Brazilian agricultural equipment, offset by weaker conditions in the North American markets for residential electrical equipment and hydraulics," Eaton Chief Executive Alexander Cutler said in a statement.
Read more at Reuters.com Market News
Citigroup first-quarter profit falls
(Reuters) - Excluding an $871 million after-tax restructuring charge, the company posted a profit of $1.18 per share, which beat the average Wall Street estimate of $1,10, as compiled by Reuters Estimates.
Citi said last week it would eliminate about five percent of its workforce in a move designed to cut costs, boost profit, and bolster its stock price.
Read more at Reuters.com Market News
Citi said last week it would eliminate about five percent of its workforce in a move designed to cut costs, boost profit, and bolster its stock price.
Read more at Reuters.com Market News
European Stocks Rally for Second Day; ABN Amro, Philips, Alitalia Gain
(Bloomberg) -- European stocks rose for a second day after ABN Amro Holding NV said banks including Royal Bank of Scotland Group Plc may offer to buy the company and Royal Philips Electronics NV reported profit that beat analysts' estimates.
ABN Amro shares jumped to a record high after banks said they may compete to acquire the company. Royal Bank of Scotland and ING Groep NV also gained.
Read more at Bloomberg Stocks News
ABN Amro shares jumped to a record high after banks said they may compete to acquire the company. Royal Bank of Scotland and ING Groep NV also gained.
Read more at Bloomberg Stocks News
Gold Rises in London on Investor Demand for Inflation Hedge; Silver Gains
(Bloomberg) -- Gold rose to a nine-week high on speculation that climbing commodity costs and a decline in the dollar will spur demand for the metal as a hedge against inflation. Silver gained.
Bullion has increased 7.9 percent this year as the dollar declined 2.6 percent against the euro. Copper was also higher today. Demand for gold in exchange-traded funds will help support the metal to average $680 an ounce this year, up from about $653 so far this year, Morgan Stanley said in a report yesterday.
Read more at Bloomberg Commodities News
Bullion has increased 7.9 percent this year as the dollar declined 2.6 percent against the euro. Copper was also higher today. Demand for gold in exchange-traded funds will help support the metal to average $680 an ounce this year, up from about $653 so far this year, Morgan Stanley said in a report yesterday.
Read more at Bloomberg Commodities News
German Shares Gain, Led by Metro on Upgrade; Siemens, Commerzbank Advance
(Bloomberg) -- German stocks rose, led by Metro AG after Credit Suisse Group raised its recommendation on the stock. Siemens AG and Commerzbank AG also advanced.
GPC Biotech jumped after the company said it won an accelerated U.S. review for the satraplatin cancer therapy.
Read more at Bloomberg Stocks News
GPC Biotech jumped after the company said it won an accelerated U.S. review for the satraplatin cancer therapy.
Read more at Bloomberg Stocks News
U.S. Stock-Index Futures Rise; Google and Amazon Shares Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose on speculation mergers and acquisitions will continue after the Wall Street Journal reported SLM Corp., the education lender known as Sallie Mae, accepted an offer.
``A major takeover almost everyday now gives investors confidence that there is a lot of money out there,'' said Andreas Nigg, a fund manager at Vontobel Asset Management in Zurich, which manages $32 billion. ``The liquidity available will support the market.''
Read more at Bloomberg Stocks News
``A major takeover almost everyday now gives investors confidence that there is a lot of money out there,'' said Andreas Nigg, a fund manager at Vontobel Asset Management in Zurich, which manages $32 billion. ``The liquidity available will support the market.''
Read more at Bloomberg Stocks News
I.Sanpaolo may consider T.Italia equity interest
(Reuters) - "We have done a number of investments in Italian companies, all of them on a temporary basis ... We will keep having that attitude ... There is no reason why we should not do it with such an interesting company like Telecom Italia."
Passera said on Saturday the bank was considering various possibilities with regards to Telecom Italia.
Read more at Reuters.com Mergers News
Passera said on Saturday the bank was considering various possibilities with regards to Telecom Italia.
Read more at Reuters.com Mergers News
Japan govt ups view on consumption in April report
(Reuters) - "The economy is recovering, despite weakness in industrial production in some sectors," the government said in the report on Monday. Last month, it said the economy was recovering despite some weakness in consumption.
The mention of weakness in some areas of production marked the first cut in the government's view on output in 28 months. "Production in general machinery and transportation equipment, namely automobiles, is going through a soft patch mainly in reaction to very strong growth in October-December," a senior official at the Cabinet office said.
Read more at Reuters.com Bonds News
The mention of weakness in some areas of production marked the first cut in the government's view on output in 28 months. "Production in general machinery and transportation equipment, namely automobiles, is going through a soft patch mainly in reaction to very strong growth in October-December," a senior official at the Cabinet office said.
Read more at Reuters.com Bonds News
Platinum Rises to Near Five-Month High on Planned Exchange-Traded Fund
(Bloomberg) -- Platinum prices rose for a second day to their highest in almost five months in Asia on speculation demand will exceed supply after the introduction of an exchange- traded fund. Platinum futures in Tokyo reached a record high.
Zuercher Kantonalbank, the biggest of Switzerland's 24 government-controlled cantonal lenders, will introduce exchange- traded funds (ETFs) for three precious metals, including platinum, the bank said in a statement on April 13. This may be the first for platinum, according to Mark Bedford of Johnson Matthey Plc.
Read more at Bloomberg Commodities News
Zuercher Kantonalbank, the biggest of Switzerland's 24 government-controlled cantonal lenders, will introduce exchange- traded funds (ETFs) for three precious metals, including platinum, the bank said in a statement on April 13. This may be the first for platinum, according to Mark Bedford of Johnson Matthey Plc.
Read more at Bloomberg Commodities News
European shares climb with ABN AMRO
(Reuters) - European shares advanced on Monday to levels last seen more than six years ago, led by Dutch bank ABN AMRO amid intensified takeover speculation and undeterred by the euro trading near its all-time high against the dollar.
The FTSEurofirst 300 index of top European shares rose 0.6 percent to 1,562.61 points by 0815 GMT, having reached 1,564.17 points earlier -- it's highest since mid-December 2000.
Read more at Reuters Africa
The FTSEurofirst 300 index of top European shares rose 0.6 percent to 1,562.61 points by 0815 GMT, having reached 1,564.17 points earlier -- it's highest since mid-December 2000.
Read more at Reuters Africa
French Stocks Rise, Led by BNP Paribas, Societe Generale; Peugeot Gains
(Bloomberg) -- French stocks climbed, paced by BNP Paribas SA and Societe Generale SA on speculation of mergers and acquisitions in the banking industry.
Shares of SA Peugeot Citroen and European Aeronautic Defence & Space Co. gained.
Read more at Bloomberg Stocks News
Shares of SA Peugeot Citroen and European Aeronautic Defence & Space Co. gained.
Read more at Bloomberg Stocks News
Global growth to cushion U.S. econ: Bloomberg
(Reuters) - Greenspan said growth in the rest of the world is creating demand for services from firms such as Microsoft Corp., according to Vaseehar Hassan Abdul Razack, chairman of Kuala Lumpur-based RHB Islamic Bank Bhd, who attended the meeting and whose remarks were cited by Bloomberg.
Greenspan didn't mention recession on Monday, according to Anne Okko, who works in funding administration at the Nordic Investment Bank, Bloomberg said.
Read more at Reuters.com Business News
Greenspan didn't mention recession on Monday, according to Anne Okko, who works in funding administration at the Nordic Investment Bank, Bloomberg said.
Read more at Reuters.com Business News
FTSE 100 Index Rises, Paced by Barclays, RBS; Rio Tinto, BHP Shares Climb
(Bloomberg) -- U.K. stocks advanced, led by Barclays Plc and Royal Bank of Scotland Group Plc. Rio Tinto Group and BHP Billiton gained as metal prices rose.
The benchmark FTSE 100 Index advanced 29.20, or 0.5 percent, to 6491.60 at 8:42 a.m. The FTSE All-Share Index climbed 0.4 percent to 3374.65. Ireland's ISEQ Index added 0.7 percent to 9666.18.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index advanced 29.20, or 0.5 percent, to 6491.60 at 8:42 a.m. The FTSE All-Share Index climbed 0.4 percent to 3374.65. Ireland's ISEQ Index added 0.7 percent to 9666.18.
Read more at Bloomberg Stocks News
Britain's FTSE hits 6-year high, led by banks
(Reuters) - Britain's top share index steamed ahead early on Monday after hitting its highest close in more than six years in the previous session, as banks gained on possible consolidation in the sector.
By 0725 GMT, the FTSE 100 was up 21.3 points, or 0.33 percent at 6,483.7, after closing at its highest level for the year at 6,462.4 on Friday. European shares also opened higher.
Read more at Reuters Africa
By 0725 GMT, the FTSE 100 was up 21.3 points, or 0.33 percent at 6,483.7, after closing at its highest level for the year at 6,462.4 on Friday. European shares also opened higher.
Read more at Reuters Africa
Linde, Santander, Ibercaja, Novae Group to Sell Debt: European Bond Alert
(Bloomberg) -- The following is a list of bond sales denominated in euros or pounds and expected in the coming days and weeks.
Investment-Grade Sales
Read more at Bloomberg Bonds News
Investment-Grade Sales
Read more at Bloomberg Bonds News
Rubber Rises to Two-Month High in Tokyo as Tiremaker Demand Exceeds Supply
(Bloomberg) -- Rubber futures on the Tokyo Commodity Exchange, the international benchmark, gained to a two-month high on concern that supplies during the low- production season may lag behind rising demand from tire makers.
Tokyo rubber prices rallied to their highest since Feb. 14 as tire makers raise their output in line with increasing sales of autos in countries like China and Japan. Production is usually low before the middle of April during the so-called ``wintering'' season in Southeast Asia when rubber trees yield less and shed leaves, said Mutsuki Okubo, analyst at Kanetsu Asset Management in Tokyo.
Read more at Bloomberg Commodities News
Tokyo rubber prices rallied to their highest since Feb. 14 as tire makers raise their output in line with increasing sales of autos in countries like China and Japan. Production is usually low before the middle of April during the so-called ``wintering'' season in Southeast Asia when rubber trees yield less and shed leaves, said Mutsuki Okubo, analyst at Kanetsu Asset Management in Tokyo.
Read more at Bloomberg Commodities News
FTSE 100 Stocks Rise, Paced by Barclays, RBS; Rio Tinto, BHP Shares Climb
(Bloomberg) -- U.K. stocks advanced, led by Barclays Plc and Royal Bank of Scotland Group Plc. Rio Tinto Group and BHP Billiton gained as metal prices rose.
The benchmark FTSE 100 Index advanced 26.60, or 0.4 percent, to 6489 at 8:16 a.m. The FTSE All-Share Index climbed 0.4 percent to 3373.61. Ireland's ISEQ Index added 0.5 percent to 9652.16.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index advanced 26.60, or 0.4 percent, to 6489 at 8:16 a.m. The FTSE All-Share Index climbed 0.4 percent to 3373.61. Ireland's ISEQ Index added 0.5 percent to 9652.16.
Read more at Bloomberg Stocks News
UPDATE 1-BOJ's Fukui says need close watch on risk factors
(Reuters) - "The BOJ will continue to contribute to sustainable growth with price stability by guiding monetary policy appropriately while closely examining economic and price conditions," Fukui said in a speech delivered at a meeting of trust bank executives.
The text of Fukui's speech, read by Deputy BOJ Governor Toshiro Muto, did not repeat the BOJ's recent standard line that the central bank will adjust interest rates gradually, instead saying only that it will "guide monetary policy" appropriately.
Read more at Reuters.com Economic News
The text of Fukui's speech, read by Deputy BOJ Governor Toshiro Muto, did not repeat the BOJ's recent standard line that the central bank will adjust interest rates gradually, instead saying only that it will "guide monetary policy" appropriately.
Read more at Reuters.com Economic News
Weak dollar and firmer oil lift gold $3/oz
(Reuters) - Gold on Monday rose more than $3 an ounce to a new six-week high, building on Friday's strong price gains and helped by inflationary fears.
Spot gold was at $687.20/$687.70 an ounce by 0552 GMT versus $684.30/$684.80 an ounce late in New York Friday after rising more than $2 from the London fix.In earlier trading Monday, gold went as high as $688.10 an ounce, its costliest since February 27.
Read more at Reuters Africa
Spot gold was at $687.20/$687.70 an ounce by 0552 GMT versus $684.30/$684.80 an ounce late in New York Friday after rising more than $2 from the London fix.In earlier trading Monday, gold went as high as $688.10 an ounce, its costliest since February 27.
Read more at Reuters Africa
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