(Reuters) - Acer posted a first-quarter net profit of T$5.66 billion , higher than T$4.02 billion a year earlier. The result beat market forecasts for T$3.34 billion, according to eight analysts on Reuters Estimates.
Read more at Reuters.com Market News
Thursday, April 26, 2007
Thailand's Bonds Head for Weekly Gain on Rate-Cut Outlook; Baht Declines
(Bloomberg) -- Thailand's 10-year bonds headed for a fourth weekly gain on speculation the central bank will cut interest rates in May as economic growth slows. The baht dropped.
The yield on the securities has fallen more than a quarter of a percentage point since the central bank lowered borrowing costs for a third time this year on April 11 and is below the nation's key lending rate. Central bank Governor Tarisa Watanagase yesterday said a reduction in will help buoy the economy and boost confidence.
Read more at Bloomberg Bonds News
The yield on the securities has fallen more than a quarter of a percentage point since the central bank lowered borrowing costs for a third time this year on April 11 and is below the nation's key lending rate. Central bank Governor Tarisa Watanagase yesterday said a reduction in will help buoy the economy and boost confidence.
Read more at Bloomberg Bonds News
UPDATE 1-Pearson says trading in line with expectations
(Reuters) - Pearson, publisher of Penguin books and the Financial Times, said on Friday its schools business was expected to achieve underlying sales growth in the 4-6 percent range with margins improving.
The company said its professional revenues were expected to be broadly level amid improving margins while Penguin's margins were continuing to improve. In the Financial Times Group, full-year margins were expected to push into double digits.
Read more at Reuters.com Market News
The company said its professional revenues were expected to be broadly level amid improving margins while Penguin's margins were continuing to improve. In the Financial Times Group, full-year margins were expected to push into double digits.
Read more at Reuters.com Market News
UPDATE 1-Renault Q1 sales slip 2.7 percent
(Reuters) - The average forecast of 10 analysts in a Reuters poll was for sales of 10.227 billion.
The Automobile Division's sales fell 2.8 percent to 9.778 billion euros with world unit sales down 3.8 percent.
Read more at Reuters.com Market News
The Automobile Division's sales fell 2.8 percent to 9.778 billion euros with world unit sales down 3.8 percent.
Read more at Reuters.com Market News
Colt Telcom Q1 EBITDA falls, sees it flat for 2007
(Reuters) - Quarterly revenue fell 5.1 percent to 425.6 million euros compared with 448.4 million a year earlier, with keenly watched non-switched or data revenues rising 9.4 percent on year to 200.2 million.
Analysts had expected EBITDA between 68.2 million euros and 73.8 million, on revenues between 441 million and 458 million.
Read more at Reuters.com Market News
Analysts had expected EBITDA between 68.2 million euros and 73.8 million, on revenues between 441 million and 458 million.
Read more at Reuters.com Market News
South Korea's March Factory Production Unexpectedly Declines 0.4 Percent
(Bloomberg) -- South Korea's industrial output unexpectedly slid in March as production of mobile phones, computers and cars declined.
Manufacturing production fell 0.4 percent from February, when it climbed 0.3 percent, the National Statistical Office said today in Gwacheon, South Korea. That compares with the median estimate of a 0.9 percent gain in a Bloomberg News survey of eight economists. Output rose 3.1 percent from a year ago.
Read more at Bloomberg Emerging Markets News
Manufacturing production fell 0.4 percent from February, when it climbed 0.3 percent, the National Statistical Office said today in Gwacheon, South Korea. That compares with the median estimate of a 0.9 percent gain in a Bloomberg News survey of eight economists. Output rose 3.1 percent from a year ago.
Read more at Bloomberg Emerging Markets News
Indian Bonds Drop on Speculation Yields Will Rise at Today's Debt Auction
(Bloomberg) -- India's 10-year bonds fell for a second day on speculation investors will demand higher yields as a government debt sale today boosts supply of debt.
The yield on the benchmark 8.07 percent note due January 2017 rose 2 basis points, 0.02 percentage point, to 8.07 percent as of 9:26 a.m. in Mumbai, according to data compiled by Bloomberg. The price, which moves opposite to yields, fell 0.12, or 12 paise per 100 rupee face value, to 100.
Read more at Bloomberg Bonds News
The yield on the benchmark 8.07 percent note due January 2017 rose 2 basis points, 0.02 percentage point, to 8.07 percent as of 9:26 a.m. in Mumbai, according to data compiled by Bloomberg. The price, which moves opposite to yields, fell 0.12, or 12 paise per 100 rupee face value, to 100.
Read more at Bloomberg Bonds News
Panzhihua Cut to `Underperform' by Credit Suisse on First-Quarter Profit
(Bloomberg) -- Panzhihua New Steel & Vanadium Co. had its shares downgraded to `underperform' by Credit Suisse Group after the world's third-biggest maker of vanadium steel reported lower-than-expected first-quarter profit.
Panzhihua's stock was reduced from `outperform,' Credit Suisse's analysts, led by Trina Chen, said in a note to clients today. Vanadium steel is used to make railway tracks.
Read more at Bloomberg Commodities News
Panzhihua's stock was reduced from `outperform,' Credit Suisse's analysts, led by Trina Chen, said in a note to clients today. Vanadium steel is used to make railway tracks.
Read more at Bloomberg Commodities News
Yuan's Gains May `Disappoint' Paulson, Investors, Westpac, Rabobank Say
(Bloomberg) -- China may allow the yuan to gain less than analysts forecast in 2007 to discourage speculation, Westpac Banking Corp. and Rabobank International said.
The currency rose 1 percent against the dollar this year, lagging behind an advance of 8.3 percent in India's rupee and 3.1 percent in Malaysia's ringgit. The People's Bank of China's foreign exchange reserves climbed a record $136 billion in the first quarter to $1.2 trillion, a signal of increased sales of yuan to protect exporters' earnings.
Read more at Bloomberg Currencies News
The currency rose 1 percent against the dollar this year, lagging behind an advance of 8.3 percent in India's rupee and 3.1 percent in Malaysia's ringgit. The People's Bank of China's foreign exchange reserves climbed a record $136 billion in the first quarter to $1.2 trillion, a signal of increased sales of yuan to protect exporters' earnings.
Read more at Bloomberg Currencies News
Oil Rises as Gasoline Gains on U.S. Refinery Fire, Belgian Strike Threat
(Bloomberg) -- Crude oil rose in New York after a refinery fire and the threat of a production strike in Europe pushed gasoline futures higher for an eighth straight day.
Gasoline reached $2.32 a gallon yesterday, an eight-month high, after Marathon Oil Corp. had a fire at its Garryville, Louisiana, refinery and Belgian oil workers voted to join a strike at refineries in Antwerp next month. U.S. gasoline stockpiles fell for an 11th week, reaching an 18-month low of 194.2 million barrels, the Energy Department said April 25.
Read more at Bloomberg Energy News
Gasoline reached $2.32 a gallon yesterday, an eight-month high, after Marathon Oil Corp. had a fire at its Garryville, Louisiana, refinery and Belgian oil workers voted to join a strike at refineries in Antwerp next month. U.S. gasoline stockpiles fell for an 11th week, reaching an 18-month low of 194.2 million barrels, the Energy Department said April 25.
Read more at Bloomberg Energy News
Mexican Elektra 1st-qtr profit jumps 117 pct
(Reuters) - The retailer said revenues rose 5 percent to 8.56 billion pesos and EBITDA increased 18 percent to 1.58 billion pesos.
"The gain in the quarterly result was principally due to earnings of 1.47 billion pesos from derivative instruments compared to 486 million a year ago," the company said in a statement.
Read more at Reuters.com Market News
"The gain in the quarterly result was principally due to earnings of 1.47 billion pesos from derivative instruments compared to 486 million a year ago," the company said in a statement.
Read more at Reuters.com Market News
UPDATE 1-U.S. bill aims to repeal Web gambling ban
(Reuters) - WASHINGTON, April 26 - Legislation that would lift an online gambling ban imposed by Congress last year was introduced on Thursday by the chairman of U.S. House Financial Services Committee.
Calling the Internet gambling prohibition "imprudently adopted," Democratic Rep. Barney Frank of Massachusetts outlined a bill to make it legal again for banks and credit card companies to make payments to online gambling sites.
Read more at Reuters.com Government Filings News
Calling the Internet gambling prohibition "imprudently adopted," Democratic Rep. Barney Frank of Massachusetts outlined a bill to make it legal again for banks and credit card companies to make payments to online gambling sites.
Read more at Reuters.com Government Filings News
UPDATE 1-Technitrol profit falls on restructuring costs
(Reuters) - First-quarter net income fell to $4.7 million, or 12 cents per share, from $12 million, or 30 cents per share, a year ago. Excluding items, the company reported a per-share profit of 36 cents, a penny above the average analyst forecast, as compiled by Reuters Estimates.
Revenue rose to $254.4 million from $221.1 million, helped by growth in the communications markets, particularly for wireless antennas and magnetics-based components and modules for the networking market, the company said.
Read more at Reuters.com Market News
Revenue rose to $254.4 million from $221.1 million, helped by growth in the communications markets, particularly for wireless antennas and magnetics-based components and modules for the networking market, the company said.
Read more at Reuters.com Market News
OSI Restaurant says ISS recommends buyout offer
(Reuters) - Kangaroo Holdings and Kangaroo Acquisition are controlled by an investor group affiliated with private equity firms Bain Capital Partners LLC and Catterton Management Company LLC. The group is also expected to include OSI's founders and certain members of management.
On Nov. 6 last year, OSI Restaurant Partners, owner of the Outback Steakhouse chain, said it planned to go private in a $3.04 billion buyout.
Read more at Reuters.com Mergers News
On Nov. 6 last year, OSI Restaurant Partners, owner of the Outback Steakhouse chain, said it planned to go private in a $3.04 billion buyout.
Read more at Reuters.com Mergers News
Canada's Dodge does not intend to leave BoC early
(Reuters) - The Bank of Canada said on Wednesday that Dodge will not seek a second term, and Dodge said that he and his wife plan to take six or seven months off to figure out what to do next.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
M/I Homes 1st-quarter profit falls
(Reuters) - It had earned $16.4 million, or $1.14 a share, a year ago.
One analyst was looking for a profit of 11 cents a share, before items, according to Reuters Estimates.
Read more at Reuters.com Market News
One analyst was looking for a profit of 11 cents a share, before items, according to Reuters Estimates.
Read more at Reuters.com Market News
US STOCKS-Futures point higher as results top forecasts
(Reuters) - NEW YORK, April 26 - U.S. stock index futures indicated a strong start for Wall Street on Thursday after companies' quarterly results, such as Apple Inc. and Ford Motor Co. , easily topped analysts' forecasts.
Strong profit reports and reassuring economic during Wednesday's session data helped push the Dow Jones industrial average to a close above 13,000 for the first time and lifted the S&P to its highest in more than six years.
Read more at Reuters.com Bonds News
Strong profit reports and reassuring economic during Wednesday's session data helped push the Dow Jones industrial average to a close above 13,000 for the first time and lifted the S&P to its highest in more than six years.
Read more at Reuters.com Bonds News
US STOCKS-Wall Street indexes rise on earnings
(Reuters) - The Dow Jones industrial average was up 24.30 points, or 0.19 percent, at 13,114.19. The Standard & Poor's 500 Index was up 0.48 point, or 0.03 percent, at 1,495.90. The Nasdaq Composite Index was up 4.64 points, or 0.18 percent, at 2,552.53.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
NYSE Group's 1st-qtr profit more than doubles
(Reuters) - NEW YORK, April 26 - NYSE Euronext said on Thursday that first-quarter profits at NYSE Group more than doubled, helped by higher revenue and lower fixed operating expenses.
NYSE Group's net income rose to $67.6 million, or 43 cents a share from $30.3 million, or 24 cents a share in the same period last year, on revenue up 54.3 percent at $701.97 million.
Read more at Reuters.com Bonds News
NYSE Group's net income rose to $67.6 million, or 43 cents a share from $30.3 million, or 24 cents a share in the same period last year, on revenue up 54.3 percent at $701.97 million.
Read more at Reuters.com Bonds News
South Africa's March Producer-Price Inflation Rate Rises to Four-Year High
(Bloomberg) -- The cost of goods leaving South African factories and mines rose an annual 10.3 percent in March, the fastest pace in more than four years, increasing speculation the central bank may resume raising interest rates.
Producer-price inflation accelerated from an annual 9.5 percent in February, Pretoria-based Statistics South Africa said today. The inflation rate was expected to rise to 9.6 percent, according to the median estimate of 17 economists surveyed by Bloomberg. Prices rose 1.2 percent in the month.
Read more at Bloomberg Emerging Markets News
Producer-price inflation accelerated from an annual 9.5 percent in February, Pretoria-based Statistics South Africa said today. The inflation rate was expected to rise to 9.6 percent, according to the median estimate of 17 economists surveyed by Bloomberg. Prices rose 1.2 percent in the month.
Read more at Bloomberg Emerging Markets News
Monaco Coach quarterly profit falls
(Reuters) - Analysts on average had expected a profit of 4 cents per share, before items, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Cott returns to profit in first quarter
(Reuters) - The company, which said earlier this month it was in mergers and acquisitions talks with unnamed parties, earned $4.8 million, or 7 cents a share during the quarter.
That compared with a loss of $2.1 million, or 3 cents a share, in the same period a year earlier.
Read more at Reuters.com Market News
That compared with a loss of $2.1 million, or 3 cents a share, in the same period a year earlier.
Read more at Reuters.com Market News
UPDATE 1-Monaco Coach first quarter profit falls
(Reuters) - The maker of recreational vehicles reported a net profit of $1.5 million, or 5 cents per share, compared with $8.3 million, or 28 cents per share, a year earlier.
Analysts on average had expected a profit of 4 cents per share, before items, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts on average had expected a profit of 4 cents per share, before items, according to Reuters Estimates.
Read more at Reuters.com Market News
Thomson first-quarter earns jump 63.5 pct
(Reuters) - TORONTO, April 26 - Electronic publisher Thomson Corp. reported a 63.5-percent jump in its first-quarter results on Thursday helped in part by stronger revenue and a one-time gain.
Thomson, which is in the process of selling its education division, which could fetch an estimated $5 billion, said it earned $224 million, or 35 cents a share, in the three months ended March 31, up from $137 million, or 21 cents a share, in the same period a year earlier.
Read more at Reuters.com Market News
Thomson, which is in the process of selling its education division, which could fetch an estimated $5 billion, said it earned $224 million, or 35 cents a share, in the three months ended March 31, up from $137 million, or 21 cents a share, in the same period a year earlier.
Read more at Reuters.com Market News
UPDATE 1-Buzzard field helps Nexen swing to profit
(Reuters) - Canada's No. 4 independent oil producer said its net income rose to C$121 million , or 45 Canadian cents a share for the quarter ended March 31, compared with a loss of C$83 million, or 32 Canadian cents a year ago when it included a C$227 million non-cash expense.
The quarter was marked by the start-up of the massive Buzzard field in the North Sea, which began production in early January.
Read more at Reuters.com Market News
The quarter was marked by the start-up of the massive Buzzard field in the North Sea, which began production in early January.
Read more at Reuters.com Market News
UPDATE 1-Old Dominion Q1 profit slightly higher
(Reuters) - The Thomasville, North Carolina-based company reported first-quarter net income of $13.6 million or 36 cents a share, compared with $13.0 million or 35 cents a share a year earlier.
Revenue rose 9.7 percent to $319.9 million in the quarter from $291.6 million a year earlier.
Read more at Reuters.com Market News
Revenue rose 9.7 percent to $319.9 million in the quarter from $291.6 million a year earlier.
Read more at Reuters.com Market News
RPT-UPDATE 1-Amvescap's Q1 profit up 36 pct, shares rise
(Reuters) - LONDON, April 26 - Anglo-U.S. fund management firm Amvescap Plc said on Thursday its first-quarter pretax profit rose 36 percent to $232.7 million, as assets under management and margins increased, lifting its shares.
Long-term net inflows were $700 million in the three months to end-March as a result of a $1.2 billion net inflow of institutional assets and a $500 million net outflow of private wealth management assets.
Read more at Reuters.com Market News
Long-term net inflows were $700 million in the three months to end-March as a result of a $1.2 billion net inflow of institutional assets and a $500 million net outflow of private wealth management assets.
Read more at Reuters.com Market News
US Airways to beef up airport check-in services
(Reuters) - In March, thousands of US Airways passengers were forced to wait for hours at its Charlotte, North Carolina, hub after a glitch in its system. The airline has had problems blending reservations systems with America West, with which it merged in 2005.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Avnet posts higher quarterly profit
(Reuters) - Revenue rose 8 percent to $3.9 billion.
Excluding items, its profit per share of 73 cents beat Wall Street estimates of a profit per share of 69 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Excluding items, its profit per share of 73 cents beat Wall Street estimates of a profit per share of 69 cents, according to Reuters Estimates.
Read more at Reuters.com Market News
Bristol-Myers names Cornelius CEO; profit falls
(Reuters) - In a separate release, the New York-based drugmaker said it earned $690 million, or 35 cents per share, compared with $714 million, or 36 cents per share, in the year-ago period.
Excluding special items, the company earned 38 cents per share. Analysts on average expected 23 cents per share, according to Reuters Estimates. The company said its better-than-expected results were attributable largely to lower operating expenses and a favorable tax rate.
Read more at Reuters.com Business News
Excluding special items, the company earned 38 cents per share. Analysts on average expected 23 cents per share, according to Reuters Estimates. The company said its better-than-expected results were attributable largely to lower operating expenses and a favorable tax rate.
Read more at Reuters.com Business News
Anglo says will not claim against S.African government
(Reuters) - Anglo American Plc, the world's third-largest miner, said on Thursday it would not institute compensation claims against the South African government over mineral rights.
At a joint media briefing held by Anglo and the South African Department of Minerals and Energy (DME), the miner said that it and the mining companies it held stakes in would not take action against the government.
Read more at Reuters Africa
At a joint media briefing held by Anglo and the South African Department of Minerals and Energy (DME), the miner said that it and the mining companies it held stakes in would not take action against the government.
Read more at Reuters Africa
UPDATE 1-Thermo Fisher Scientific profit jumps on merger
(Reuters) - NEW YORK, April 26 - Laboratory equipment maker Thermo Fisher Scientific Inc. reported sharply higher net profit in its first full quarter since Thermo Electron acquired the larger Fisher Scientific International.
The combined entity posted net profit of $138.9 million, or 31 cents per share, compared with $46.9 million, or 28 cents a share, a year earlier for Thermo Electron.
Read more at Reuters.com Mergers News
The combined entity posted net profit of $138.9 million, or 31 cents per share, compared with $46.9 million, or 28 cents a share, a year earlier for Thermo Electron.
Read more at Reuters.com Mergers News
Pound Holds Near $2 as House-Price Gains Stoke Interest Rate Speculation
(Bloomberg) -- The pound fell against the dollar on speculation the currency's recent rally already reflects prospects that the Bank of England will raise interest rates twice more this year to ward off inflation.
The pound last week soared to a 25-year high, breaching the $2 level, as traders increased bets the central bank will lift its main rate twice more this year after inflation breached its target by more than a percentage point. Further strengthening may not be justified by the outlook for economic growth, said Nick Parsons, head of Markets Strategy at NabCapital.
Read more at Bloomberg Currencies News
The pound last week soared to a 25-year high, breaching the $2 level, as traders increased bets the central bank will lift its main rate twice more this year after inflation breached its target by more than a percentage point. Further strengthening may not be justified by the outlook for economic growth, said Nick Parsons, head of Markets Strategy at NabCapital.
Read more at Bloomberg Currencies News
U.S. Notes Are Little Changed; Report May Show Economic Growth Is Slowing
(Bloomberg) -- U.S. Treasuries were little changed as recent economic reports quenched optimism the world's largest economy is slowing enough for the Federal Reserve to consider cutting interest rates.
Treasuries fell yesterday for the first time in three days when durable goods orders rose, a sign that business investment is recovering. They gained the day before as existing home sales tumbled, potentially dragging down the overall economy, which may prompt rate cuts. A report today may show initial jobless claims dropped last week.
Read more at Bloomberg Bonds News
Treasuries fell yesterday for the first time in three days when durable goods orders rose, a sign that business investment is recovering. They gained the day before as existing home sales tumbled, potentially dragging down the overall economy, which may prompt rate cuts. A report today may show initial jobless claims dropped last week.
Read more at Bloomberg Bonds News
UPDATE 1-China Unicom Q1 net up 41 pct on lower costs
(Reuters) - With its CDMA standard network -- which is about a third the size of its GSM business -- turning profitable for the first time last year, the company has more room to focus on growth this year, analysts said.
Unicom , the country's lower-cost wireless provider, earned 1.96 billion yuan in the three months ended March, versus 1.39 billion yuan a year earlier, it said in a statement on Thursday.
Read more at Reuters.com Market News
Unicom , the country's lower-cost wireless provider, earned 1.96 billion yuan in the three months ended March, versus 1.39 billion yuan a year earlier, it said in a statement on Thursday.
Read more at Reuters.com Market News
South Africa's Rand Trades Near Its Highest This Year on Yield Appetite
(Bloomberg) -- The South African rand held near its highest this year as rising stock markets increased the allure of higher-yielding assets.
The rand was the second best-performing major currency against the dollar today and is headed for a second weekly gain, its longest winning streak in almost three months. The currency was also buoyed before a government report that's expected to show producer price growth quickened, boosting the chances the central bank will raise interest rates.
Read more at Bloomberg Emerging Markets News
The rand was the second best-performing major currency against the dollar today and is headed for a second weekly gain, its longest winning streak in almost three months. The currency was also buoyed before a government report that's expected to show producer price growth quickened, boosting the chances the central bank will raise interest rates.
Read more at Bloomberg Emerging Markets News
U.S. Stock-Index Futures Rise; Apple, Exxon, 3M, Wendy's, Qualcomm Gain
(Bloomberg) -- U.S. stock-index futures advanced as investors bet earnings will keep beating analysts' estimates after Apple Inc. said profit almost doubled.
The Dow Jones Industrial Average surpassed 13,000 for the first time yesterday, as profit reports from more than half of its 30 members bolstered speculation that the biggest U.S. companies will weather slower economic growth. Companies including Amazon.com, the world's largest online retailer, have also lifted their 2007 forecasts.
Read more at Bloomberg Stocks News
The Dow Jones Industrial Average surpassed 13,000 for the first time yesterday, as profit reports from more than half of its 30 members bolstered speculation that the biggest U.S. companies will weather slower economic growth. Companies including Amazon.com, the world's largest online retailer, have also lifted their 2007 forecasts.
Read more at Bloomberg Stocks News
NYSE Group's Q1 profit up 123 pct
(Reuters) - NYSE Euronext said that because the merger between NYSE Group and European stock exchange operator Euronext NV was consummated on April 4, the first-quarter results include the full-quarter results from the operations of NYSE Group only.
Fixed operating expenses on a non-GAAP basis decreased 20 percent to $229 million, it said.
Read more at Reuters.com Market News
Fixed operating expenses on a non-GAAP basis decreased 20 percent to $229 million, it said.
Read more at Reuters.com Market News
U.K. Pound Gains as House-Price Growth Stokes Speculation Rates Will Rise
(Bloomberg) -- The U.K. pound gained against the dollar after a report showed house-prices grew quicker than forecast, stoking speculation the Bank of England will increase interest rates further.
Property values in Britain rose at the fastest pace in four months in April, Nationwide Building Society said. The pound last week soared to a 25-year high as traders increased bets the central bank will lift its main rate twice more this year after inflation breached its target by more than a percentage point.
Read more at Bloomberg Currencies News
Property values in Britain rose at the fastest pace in four months in April, Nationwide Building Society said. The pound last week soared to a 25-year high as traders increased bets the central bank will lift its main rate twice more this year after inflation breached its target by more than a percentage point.
Read more at Bloomberg Currencies News
EU approves EQT buy of Scandic Hotels
(Reuters) - Scandic is a hotel chain operator and is currently owned by Hilton Hotels Corp.'s , the Commission said.
Hilton said on March 2 it would sell its Scandic Hotel chain to EQT for about $1.1 billion as it seeks to reduce debt amid buoyant lodging valuations.
Read more at Reuters.com Mergers News
Hilton said on March 2 it would sell its Scandic Hotel chain to EQT for about $1.1 billion as it seeks to reduce debt amid buoyant lodging valuations.
Read more at Reuters.com Mergers News
UPDATE 1-NYSE Group quarterly profit rises
(Reuters) - NYSE Group, the operator of the New York Stock Exchange, posted net income of $67.6 million, or 43 cents a share, compared with $30.3 million, or 24 cents a share, a year earlier, it said.
NYSE Euronext said that because the combination between NYSE Group and European stock exchange operator Euronext NV was consummated on April 4, the first-quarter results include the full-quarter results from the operations of NYSE Group only.
Read more at Reuters.com Market News
NYSE Euronext said that because the combination between NYSE Group and European stock exchange operator Euronext NV was consummated on April 4, the first-quarter results include the full-quarter results from the operations of NYSE Group only.
Read more at Reuters.com Market News
European Union Emission Permits Reach Highest This Year on Canada Demand
(Bloomberg) -- European Union carbon-dioxide permits rose to their highest so far this year after Canada proposed to allow its factories and power stations to buy credits that can also be used in the 27-nation bloc.
Emission permits for December 2008 rose as much as 33 cents, or 1.8 percent, to 18.55 euros ($25) a metric ton and traded at 18.40 euros at 9:07 a.m. in Amsterdam, according to the European Climate Exchange. That's their highest since Dec. 29. They've fallen 17 percent in the past year.
Read more at Bloomberg Energy News
Emission permits for December 2008 rose as much as 33 cents, or 1.8 percent, to 18.55 euros ($25) a metric ton and traded at 18.40 euros at 9:07 a.m. in Amsterdam, according to the European Climate Exchange. That's their highest since Dec. 29. They've fallen 17 percent in the past year.
Read more at Bloomberg Energy News
FTSE 100 Stocks Gain, Paced by Hanson and Amvescap; Vedanta, BHP Advance
(Bloomberg) -- U.K. stocks advanced, led by Hanson Plc and Amvescap Plc. Vedanta Resources Plc paced mining shares higher.
The benchmark FTSE 100 Index rallied 40.2, or 0.6 percent, to 6502.10 in London at 8:06 a.m. The FTSE All-Share Index added 21.11, or 0.6 percent, to 3380.48. Ireland's ISEQ Index rose 83.17, or 0.9 percent, to 9625.75.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index rallied 40.2, or 0.6 percent, to 6502.10 in London at 8:06 a.m. The FTSE All-Share Index added 21.11, or 0.6 percent, to 3380.48. Ireland's ISEQ Index rose 83.17, or 0.9 percent, to 9625.75.
Read more at Bloomberg Stocks News
France Tel. Q1 beats forecasts, not eyeing Italy
(Reuters) - By Astrid Wendlandt
PARIS, April 26 - France Telecom posted on Thursday a 1.5 percent rise in underlying first-quarter profit, slightly above forecasts, helped by cost-control and demand for Internet access and media services.
Read more at Reuters.com Market News
PARIS, April 26 - France Telecom posted on Thursday a 1.5 percent rise in underlying first-quarter profit, slightly above forecasts, helped by cost-control and demand for Internet access and media services.
Read more at Reuters.com Market News
Lower oil earnings hit Algeria Q1 trade surplus
(Reuters) - OPEC-member Algeria saw its trade surplus shrink by $1.98 billion to $6.32 billion in the first quarter of 2007 compared with the same period last year due to lower oil and gas exports, official figures showed on Wednesday.
The data issued by the CNIS customs centre and published by the official APS news agency showed total exports fell 9.96 percent to $12.2 billion while imports reached $ 5.88 billion, up 11.9 percent from the January-March period of 2006.
Read more at Reuters Africa
The data issued by the CNIS customs centre and published by the official APS news agency showed total exports fell 9.96 percent to $12.2 billion while imports reached $ 5.88 billion, up 11.9 percent from the January-March period of 2006.
Read more at Reuters Africa
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