(Bloomberg) -- The Turkish lira may gain in the next month because Prime Minister Recep Tayyip Erdogan is likely to stay out of the nation's presidential elections, according to Standard Chartered Bank.
Erdogan will say on April 25, the final day for candidates to come forward, who will represent his governing party in the election, party deputies told Bloomberg News yesterday. Secular Turks are concerned an Erdogan presidency may try to change the nation's constitution and ``undermine the state's secular foundations,'' Standard Chartered analysts said in an April 13 report.
Read more at Bloomberg Currencies News
Wednesday, April 18, 2007
REFILE-UPDATE 1-India's Essar to buy Minnesota Steel
(Reuters) - NEW YORK, April 18 - Essar Global plans to buy privately owned Minnesota Steel LLC and invest $1.65 billion to build an integrated steel plant, the companies said on Wednesday, the Indian company's second North American steel deal this week.
Essar's unit Essar Steel Holdings Ltd. on Sunday said it would buy Canadian Algoma Steel Inc. for $1.63 billion.
Read more at Reuters.com Mergers News
Essar's unit Essar Steel Holdings Ltd. on Sunday said it would buy Canadian Algoma Steel Inc. for $1.63 billion.
Read more at Reuters.com Mergers News
No S.Africa government plans to interfere in monetary policy
(Reuters) - South Africa's government has no plans to interfere in monetary policy in order to influence the exchange rate and promote vital exports, an economic adviser to President Thabo Mbeki said on Wednesday.
Mbeki rattled investors in February when he said raising interest rates was not the only tool to tame consumer spending and his government would study the link between inflation, the volatility of the rand and interest rates.
Read more at Reuters Africa
Mbeki rattled investors in February when he said raising interest rates was not the only tool to tame consumer spending and his government would study the link between inflation, the volatility of the rand and interest rates.
Read more at Reuters Africa
European Stocks May Decline, Paced by BHP, Rio Before Chinese GDP Report
(Bloomberg) -- European stocks may drop, tracking Asian equities lower, on concern China is preparing to raise interest rates to control economic growth. BHP Billiton Ltd. and Rio Tinto Group might decline.
Nokia Oyj may be active before the mobile phone maker reports first-quarter earnings. BP Plc might fall as oil dropped and Merrill Lynch & Co. recommended investors reduce their holdings in the energy producer.
Read more at Bloomberg Stocks News
Nokia Oyj may be active before the mobile phone maker reports first-quarter earnings. BP Plc might fall as oil dropped and Merrill Lynch & Co. recommended investors reduce their holdings in the energy producer.
Read more at Bloomberg Stocks News
Capitalia, Fugro, Nokia, Omega and Volkswagen: European Equity Preview
(Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the last close.
The Dow Jones Stoxx 600 fell 0.5 percent to 385.88. The Dow Jones Stoxx 50 Index dropped 0.4 percent to 3852.47. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.6 percent to 4358.95.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 fell 0.5 percent to 385.88. The Dow Jones Stoxx 50 Index dropped 0.4 percent to 3852.47. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.6 percent to 4358.95.
Read more at Bloomberg Stocks News
PRESS DIGEST - Wall Street Journal - April 19
(Reuters) - * The U.S. Supreme Court voted 5-4 to uphold a ban on most late-term abortions. The decision, split along ideological lines, marks the first time since Roe v. Wade that the high court backed rules containing no women's health exemption.
* NBC News published video and photos of the Virginia Tech gunman ranting and brandishing weapons. Cho Seung-Hui mailed the materials to NBC between his attacks Monday.
Read more at Reuters.com Bonds News
* NBC News published video and photos of the Virginia Tech gunman ranting and brandishing weapons. Cho Seung-Hui mailed the materials to NBC between his attacks Monday.
Read more at Reuters.com Bonds News
Morgan Stanley, JPMorgan May Resolve Dispute on Loan Derivatives Trading
(Bloomberg) -- Morgan Stanley is poised to sign an agreement with Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. on rules for trading loan derivatives in Europe that may cause the $8 billion market to triple in a year.
Dealers will likely sign off on a standard contract within a month that lets investors speculate on the ability of borrowers to repay their loans, said David Geen, who is negotiating with banks on behalf of the International Swaps & Derivatives Association.
Read more at Bloomberg Bonds News
Dealers will likely sign off on a standard contract within a month that lets investors speculate on the ability of borrowers to repay their loans, said David Geen, who is negotiating with banks on behalf of the International Swaps & Derivatives Association.
Read more at Bloomberg Bonds News
Barclays finds allies in bid for ABN AMRO-report
(Reuters) - At stake is the the biggest-ever bank takeover, which would value ABN at more than 66 billion euros .
ABN and Barclays entered merger talks last month after ABN came under pressure from investors, including British hedge fund TCI, to consider a sale or breakup to boost shareholder returns after several years of underperformance.
Read more at Reuters.com Mergers News
ABN and Barclays entered merger talks last month after ABN came under pressure from investors, including British hedge fund TCI, to consider a sale or breakup to boost shareholder returns after several years of underperformance.
Read more at Reuters.com Mergers News
UPDATE 1-Japan regulators aim to speed up drug approval
(Reuters) - Drug development and approval in the world's second largest pharmaceutical market is notoriously slow, with drugs coming to market on average four years after they have first been sold overseas, hampered by the high development costs and a lack of volunteers for clinical trials.
Out of 150 new products launched in the world between 2002 and 2006, only 32 or 22 percent have been launched in Japan, according to pharmaceutical industry research firm IMS.
Read more at Reuters.com Government Filings News
Out of 150 new products launched in the world between 2002 and 2006, only 32 or 22 percent have been launched in Japan, according to pharmaceutical industry research firm IMS.
Read more at Reuters.com Government Filings News
Mexico's Televisa posts surprise 1st-qtr profit plunge
(Reuters) - By Cyntia Barrera Diaz
MEXICO CITY, April 18 - Mexican broadcaster Televisa posted a surprise 46 percent plunge in first-quarter earnings, hurt by a one-time charge from the sale of its stake in U.S. partner Univision, losses in affiliates and higher taxes.
Read more at Reuters.com Market News
MEXICO CITY, April 18 - Mexican broadcaster Televisa posted a surprise 46 percent plunge in first-quarter earnings, hurt by a one-time charge from the sale of its stake in U.S. partner Univision, losses in affiliates and higher taxes.
Read more at Reuters.com Market News
South Korean Won Reverses Gains as Investors May Sell to Fund Yen Demand
(Bloomberg) -- South Korea's won reversed a gain to the strongest since January on speculation investors sold the currency to fund purchases of the yen, which rose to a two-week high against the dollar.
Fund managers have been borrowing yen at Japan's lower interest rates to invest in higher-yielding assets abroad, in so- called carry trades. Speculation the Bank of Japan will raise interest rates may have prompted traders to reverse such investments, requiring them to sell the won.
Read more at Bloomberg Currencies News
Fund managers have been borrowing yen at Japan's lower interest rates to invest in higher-yielding assets abroad, in so- called carry trades. Speculation the Bank of Japan will raise interest rates may have prompted traders to reverse such investments, requiring them to sell the won.
Read more at Bloomberg Currencies News
Ramsay Heath Care looks at UK hospital deal-paper
(Reuters) - MELBOURNE/LONDON, April 19 - Australia's Ramsay Health Care Ltd. is eyeing a joint 1.2 billion pound
bid with private equity for 26 hospitals in the UK, the Times newspaper said on Thursday.
Read more at Reuters.com Mergers News
bid with private equity for 26 hospitals in the UK, the Times newspaper said on Thursday.
Read more at Reuters.com Mergers News
Capitalia, Ebro Puleva, Fugro, Omega, Volkswagen: European Equity Preview
(Bloomberg) -- The following stocks may rise or fall in European markets. Prices are from the last close.
The Dow Jones Stoxx 600 fell 0.5 percent to 385.88. The Dow Jones Stoxx 50 Index dropped 0.4 percent to 3852.47. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.6 percent to 4358.95.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 fell 0.5 percent to 385.88. The Dow Jones Stoxx 50 Index dropped 0.4 percent to 3852.47. The Euro Stoxx 50 Index, a benchmark for the 13 nations using the euro, declined 0.6 percent to 4358.95.
Read more at Bloomberg Stocks News
U.S. Bank Stocks Lift Dow Average to Record; JPMorgan, Intel Lead Gains
(Bloomberg) -- U.S. bank stocks sent the Dow Jones Industrial Average to a record and the Standard & Poor's 500 Index to its highest since September 2000 after JPMorgan Chase & Co. and Washington Mutual Inc. reported earnings that beat analysts' estimates.
JPMorgan was the second-best performer in the Dow industrials after the bank said profit was its most ever for a quarter. Washington Mutual, the biggest U.S. savings and loan, staged its steepest rally since May 2004 after posting a rise in profit at its card-services and retail-banking units.
Read more at Bloomberg Stocks News
JPMorgan was the second-best performer in the Dow industrials after the bank said profit was its most ever for a quarter. Washington Mutual, the biggest U.S. savings and loan, staged its steepest rally since May 2004 after posting a rise in profit at its card-services and retail-banking units.
Read more at Bloomberg Stocks News
Swiss Franc Gains Versus Euro a Second Day as Investors Shun Risky Assets
(Bloomberg) -- The Swiss franc gained for a second day as a drop in European stock markets discouraged purchases of riskier assets funded by currencies with low interest rates.
The franc fell 1.8 percent to a record low versus the euro in the past month as investors used it to fund so-called carry trades. The currency rebounded April 16 after central bank President Jean-Pierre Roth said its drop didn't reflect the strength of Switzerland's economy.
Read more at Bloomberg Currencies News
The franc fell 1.8 percent to a record low versus the euro in the past month as investors used it to fund so-called carry trades. The currency rebounded April 16 after central bank President Jean-Pierre Roth said its drop didn't reflect the strength of Switzerland's economy.
Read more at Bloomberg Currencies News
Yen Climbs on Bank of Japan Rate Increase Speculation, Asian Stock Decline
(Bloomberg) -- The yen climbed on speculation the Bank of Japan will raise interest rates and as Asian stocks slumped, prompting traders to reduce investments in higher- yielding assets funded by borrowing the currency.
The Japanese yen rose to a two-week high against the dollar after a report showed demand for services unexpectedly rose in February. The Australia and New Zealand dollars fell as a drop in Chinese stocks caused traders to reduce so-called carry trades, as they did following a similar decline in global equities on Feb. 27.
Read more at Bloomberg Currencies News
The Japanese yen rose to a two-week high against the dollar after a report showed demand for services unexpectedly rose in February. The Australia and New Zealand dollars fell as a drop in Chinese stocks caused traders to reduce so-called carry trades, as they did following a similar decline in global equities on Feb. 27.
Read more at Bloomberg Currencies News
EMI Asset-Backed Bond Sale May Make Credit Derivatives `Almost Worthless'
(Bloomberg) -- EMI Group Plc, the record company behind the Beatles, said it may sell asset-backed bonds, raising concern credit-default swaps based on the company's existing debt will expire virtually worthless.
Contracts based on 10 million euros ($13 million) of EMI's debt fell 50,000 euros to 160,000 today, according to Deutsche Bank AG. EMI said it hired Deutsche Bank AG and Royal Bank of Scotland Group Plc to examine the sale of securities that traders speculated may replace existing bonds.
Read more at Bloomberg Bonds News
Contracts based on 10 million euros ($13 million) of EMI's debt fell 50,000 euros to 160,000 today, according to Deutsche Bank AG. EMI said it hired Deutsche Bank AG and Royal Bank of Scotland Group Plc to examine the sale of securities that traders speculated may replace existing bonds.
Read more at Bloomberg Bonds News
U.S. Treasury Notes Rise as Chinese Rates May Damp Global Economic Growth
(Bloomberg) -- U.S. 10-year Treasury notes rose for a fourth day on speculation a Chinese economic report today will lead the central bank to raise interest rates, which may damp global economic growth.
The Chinese government today will report that gross domestic product expanded more than 10 percent for a fifth quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.
Read more at Bloomberg Bonds News
The Chinese government today will report that gross domestic product expanded more than 10 percent for a fifth quarter in the three months ended March 31, according to a Bloomberg News survey of economists. China has increased borrowing costs to cool the world's fastest-growing major economy and curb inflation.
Read more at Bloomberg Bonds News
Washington Metro Tussles With Park Lovers Over Townhouse-Construction Plan
(Bloomberg) -- The Washington area's transit authority may have picked the wrong town to joust with.
The agency wants to allow a developer to build townhouses near a subway station used by residents of Takoma Park, a Maryland community bordering the U.S. capital. They're in an uproar because erecting 90 homes on the land in the adjacent Takoma section of Washington would eliminate a park and dozens of trees.
Read more at Bloomberg Exclusive News
The agency wants to allow a developer to build townhouses near a subway station used by residents of Takoma Park, a Maryland community bordering the U.S. capital. They're in an uproar because erecting 90 homes on the land in the adjacent Takoma section of Washington would eliminate a park and dozens of trees.
Read more at Bloomberg Exclusive News
Indian Oil Corp. Sells Naphtha Cargoes to Itochu, Vitol for May at Premium
(Bloomberg) -- Indian Oil Corp., the country's biggest refiner, sold 84,000 metric tons of naphtha for May shipment in three cargoes to Itochu Corp. and Vitol Asia Pte, traders said.
The refiner sold 30,000 tons of the refined oil product to Itochu at a premium of about $18 a ton. The cargo will load at Kandla between May 11 and May 13.
Read more at Bloomberg Energy News
The refiner sold 30,000 tons of the refined oil product to Itochu at a premium of about $18 a ton. The cargo will load at Kandla between May 11 and May 13.
Read more at Bloomberg Energy News
Tin Falls Most in Six Months on Indonesian, Bolivian Supply Concerns Ease
(Bloomberg) -- Tin in London tumbled 8.7 percent, the most in six months, as an Indonesian producer started shipments and a smelter confiscated by the government of Bolivia prepared to resume sales.
PT Koba Tin, Indonesia's second-largest producer, got an export license to start deliveries immediately. In Bolivia, the government said it plans to sell metal from the Vinto plant, seized two months ago from Swiss commodity trader Glencore International AG. Vinto produced 12,000 tons last year, said David Thurtell, an analyst at BNP Paribas in London.
Read more at Bloomberg Commodities News
PT Koba Tin, Indonesia's second-largest producer, got an export license to start deliveries immediately. In Bolivia, the government said it plans to sell metal from the Vinto plant, seized two months ago from Swiss commodity trader Glencore International AG. Vinto produced 12,000 tons last year, said David Thurtell, an analyst at BNP Paribas in London.
Read more at Bloomberg Commodities News
Wall St seen lower on tech worries
(Reuters) - JPMorgan Chase & Co. reported a higher profit that sent its shares up, but the Dow component will have trouble offsetting negative news to push the blue-chip index to a record.
A sharp drop in the dollar could also spread caution in the stock market. Analysts fear a weaker dollar could contribute to domestic inflation as prices of imports rise.
Read more at Reuters.com Bonds News
A sharp drop in the dollar could also spread caution in the stock market. Analysts fear a weaker dollar could contribute to domestic inflation as prices of imports rise.
Read more at Reuters.com Bonds News
Abbott profit falls on charges but beats forecast
(Reuters) - Excluding special items, Abbott earned 55 cents per share. Analysts on average expected 52 cents, according to Reuters Estimates.
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Read more at Reuters.com Market News
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Read more at Reuters.com Market News
UPDATE 1-Abbott profit falls on charges but beats forecast
(Reuters) - But the results topped the average Wall Street forecast, making Abbott the fourth large U.S. drugmaker this month to report earnings above analysts' estimates.
Excluding special items, Abbott earned 55 cents per share. Analysts' average forecast was 52 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Excluding special items, Abbott earned 55 cents per share. Analysts' average forecast was 52 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Southern Michigan Bancorp to acquire FNB Financial for $26 mln
(Reuters) - The cash consideration is valued at $45.35 per FNB share, while the stock consideration is fixed at an exchange ratio of 1.87 common shares of Southern Michigan for each share of FNB, the companies said in a statement.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Motorola posts quarterly loss, revenue down
(Reuters) - NEW YORK, April 18 - Motorola Inc. , the world's second-biggest mobile phone maker, on Wednesday posted a quarterly loss and lower revenue due to weak handset sales.
Motorola posted a first-quarter loss of $181 million, or 8 cents a share, compared with a year-earlier profit of $686 million, or 27 cents a share. Revenue fell to $9.43 billion from $9.61 billion.
Read more at Reuters.com Market News
Motorola posted a first-quarter loss of $181 million, or 8 cents a share, compared with a year-earlier profit of $686 million, or 27 cents a share. Revenue fell to $9.43 billion from $9.61 billion.
Read more at Reuters.com Market News
A.O. Smith first-quarter earnings rise
(Reuters) - Analysts, on average, were expecting the Milwaukee-based company to report a profit of 61 cents a share, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Futures slip on tech worries, Yahoo drops
(Reuters) - But higher profit reported by JPMorgan Chase & Co. before the opening bell lent some support to futures.
A sharp drop in the dollar could also spread caution in the stock market where the Dow industrials stood just short of a record high after Tuesday's gains.
Read more at Reuters.com Business News
A sharp drop in the dollar could also spread caution in the stock market where the Dow industrials stood just short of a record high after Tuesday's gains.
Read more at Reuters.com Business News
LCA-Vision to restate results; may lower 2006 earnings
(Reuters) - LCA-Vision, which stood by its current outlook for 2007, said the adjustment in revenue recognition is likely to increase revenues and earnings in future periods.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Copper Falls Below $8,000 in London as Dispute Threat Eases; Tin Drops
(Bloomberg) -- Copper fell below $8,000 a metric ton in London as a protest by workers at the world's second- largest mine producing the metal failed to disrupt supplies. Tin dropped the most in more than two years.
About 5,000 employees at Freeport-McMoRan Copper & Gold Inc.'s Grasberg operations in Indonesia held a rally today at a nearby town to demand pay increases. Tongoi Papua, the group behind the rally, said it met company officials. New Orleans- based Freeport said production was unaffected.
Read more at Bloomberg Commodities News
About 5,000 employees at Freeport-McMoRan Copper & Gold Inc.'s Grasberg operations in Indonesia held a rally today at a nearby town to demand pay increases. Tongoi Papua, the group behind the rally, said it met company officials. New Orleans- based Freeport said production was unaffected.
Read more at Bloomberg Commodities News
Polish Shares Rise to Record After Winning Right to Host 2012 Soccer Cup
(Bloomberg) -- Polish stocks climbed to an all- time high after the country along with Ukraine won a joint bid to host soccer's 2012 European Championship. Budimex SA, the nation's largest builder, surged 21 percent.
Polimex-Mostostal SA, a construction group, and Orbis SA, Poland's biggest hotel chain, also paced the gains.
Read more at Bloomberg Emerging Markets News
Polimex-Mostostal SA, a construction group, and Orbis SA, Poland's biggest hotel chain, also paced the gains.
Read more at Bloomberg Emerging Markets News
UPDATE 1-UBM's Vintage buy boosts US regulatory business
(Reuters) - UBM said it would pay up to a further $15 million over the next four years depending on certain unspecified targets.
New York-based Vintage Filing's services are used by U.S. companies, investment management firms, mutual funds and coporate clients to fufil their disclosure obligations to the Securities and Exchange Commission.
Read more at Reuters.com Government Filings News
New York-based Vintage Filing's services are used by U.S. companies, investment management firms, mutual funds and coporate clients to fufil their disclosure obligations to the Securities and Exchange Commission.
Read more at Reuters.com Government Filings News
U.S. Stock-Index Futures Decline; IBM, Yahoo Fall in Europe on Earnings
(Bloomberg) -- U.S. stock-index futures dropped after earnings from International Business Machines Corp. and Yahoo! Inc. disappointed some investors, reviving concern profit growth is slowing.
IBM, the world's biggest computer-services company, fell in Europe after reporting first-quarter net income that failed to exceed analysts' estimates. Yahoo tumbled after profit and sales at the owner of the most-visited U.S. Web site trailed forecasts.
Read more at Bloomberg Stocks News
IBM, the world's biggest computer-services company, fell in Europe after reporting first-quarter net income that failed to exceed analysts' estimates. Yahoo tumbled after profit and sales at the owner of the most-visited U.S. Web site trailed forecasts.
Read more at Bloomberg Stocks News
U.K. FTSE 100 Index Falls on Rate Outlook; HSBC, Home Retail, RBS Decline
(Bloomberg) -- U.K. stocks declined for a second straight session as economists raised their forecasts for the country's interest rates. HSBC Holdings Plc, Home Retail Group Plc and Kingfisher Plc led the slide.
Royal Bank of Scotland Group Plc fell after the Dutch central bank said a group bid for ABN Amro Holding NV may increase risk. Scottish & Southern Energy Plc slid after Goldman, Sachs & Co. added the power company to its ``conviction sell'' list.
Read more at Bloomberg Stocks News
Royal Bank of Scotland Group Plc fell after the Dutch central bank said a group bid for ABN Amro Holding NV may increase risk. Scottish & Southern Energy Plc slid after Goldman, Sachs & Co. added the power company to its ``conviction sell'' list.
Read more at Bloomberg Stocks News
Persian Gulf Oil-Tanker Rates May Extend Three-Week Decline on Vessel Glut
(Bloomberg) -- The cost of transporting 2-million barrel consignments of crude oil from Middle East ports on supertankers may extend a three-week decline because there are too many ships available for hire.
About 104 tankers can reach Persian Gulf ports by May 18, according to a report today from Paris-based shipbroker Barry Rogliano Salles. That's already enough to cover the entire month's demand, based on April shipments. More vessels will become available later in the month, increasing the glut.
Read more at Bloomberg Energy News
About 104 tankers can reach Persian Gulf ports by May 18, according to a report today from Paris-based shipbroker Barry Rogliano Salles. That's already enough to cover the entire month's demand, based on April shipments. More vessels will become available later in the month, increasing the glut.
Read more at Bloomberg Energy News
Carbon Emission Permits Decline to Record Low as Polluters Sell Surpluses
(Bloomberg) -- Carbon dioxide emission permits for immediate delivery fell to a record as power plants and factories sold surplus allowances.
Emission permits covering the year 2007 lost 15 cents, or 22 percent, to a record 0.52 euros ($0.71) a metric ton, according to prices from the Powernext exchange in Paris. They had declined in each of the previous five sessions.
Read more at Bloomberg Energy News
Emission permits covering the year 2007 lost 15 cents, or 22 percent, to a record 0.52 euros ($0.71) a metric ton, according to prices from the Powernext exchange in Paris. They had declined in each of the previous five sessions.
Read more at Bloomberg Energy News
Gold Climbs to 11-Month High in London on Dollar's Decline; Silver Gains
(Bloomberg) -- Gold climbed to its highest since May in London after investors bought the commodity as a hedge against declines in the U.S. dollar, which slid close to a two- year low against the euro. Silver and platinum also gained.
The dollar fell to $1.36 against the euro for the first time since December 2004 on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing. Gold generally moves counter to the U.S. currency. Bullion surged 23 percent last year while the dollar slid 11 percent against the euro.
Read more at Bloomberg Commodities News
The dollar fell to $1.36 against the euro for the first time since December 2004 on speculation slower U.S. inflation will spur investors to seek fixed-income assets in nations where interest rates are climbing. Gold generally moves counter to the U.S. currency. Bullion surged 23 percent last year while the dollar slid 11 percent against the euro.
Read more at Bloomberg Commodities News
Mauritius March y/y inflation climbs to 9.7 pct
(Reuters) - Mauritian year-on-year inflation rose to 9.7 percent in March from 8.9 percent in December, the Central Statistics Office (CSO) said on Wednesday.
For the first quarter of this year, the consumer price index rose 1.8 percent following price increases of fresh vegetables, chicken, meat, powdered milk, oil and some other food products as well as higher tuition fees, the report said.
Read more at Reuters Africa
For the first quarter of this year, the consumer price index rose 1.8 percent following price increases of fresh vegetables, chicken, meat, powdered milk, oil and some other food products as well as higher tuition fees, the report said.
Read more at Reuters Africa
KBC, Portugal, Linde, Henderson Plan 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
JGBs retreat on renewed BOJ jitters
(Reuters) - Benchmark 10-year JGB yields jumped to a two-month high of 1.710 percent due to some selling of cash bonds.
Short- and medium-term bond yields -- which are most sensitive to changes in monetary policy -- also rose, with the five-year yield hitting a three-month high of 1.270 percent during the session.
Read more at Reuters.com Bonds News
Short- and medium-term bond yields -- which are most sensitive to changes in monetary policy -- also rose, with the five-year yield hitting a three-month high of 1.270 percent during the session.
Read more at Reuters.com Bonds News
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