(Reuters) - Revenue grew 9.3 percent to 769.91 billion yen on brisk exports from Japan and healthy sales in Europe. Volumes in North America fell for the quarter but revenue grew thanks to expanded sales of more expensive tyre products, it said.
For the January-June first half, Bridgestone lifted its operating profit forecast to 89 billion yen from 76 billion yen, above the average projection of 87.3 billion yen from two brokerages surveyed by Reuters Estimates.
Read more at Reuters.com Market News
Monday, April 30, 2007
Hitachi, Toshiba, Mitsubishi Electric File Applications to Sell Yen Bonds
(Bloomberg) -- Hitachi Ltd., Toshiba Corp. and Mitsubishi Electric Corp. may sell yen denominated bonds in Japan to repay debt and raise funds for their businesses as interest rates remain stable.
Hitachi, Japan's largest electronics maker, filed an application to sell as much as 300 billion yen ($2.5 billion) of bonds, according to an April 27 company filing to Japan's finance ministry.
Read more at Bloomberg Bonds News
Hitachi, Japan's largest electronics maker, filed an application to sell as much as 300 billion yen ($2.5 billion) of bonds, according to an April 27 company filing to Japan's finance ministry.
Read more at Bloomberg Bonds News
Eurex vs U.S. Exchanges, ICICI's Value, Chalco's Cost: Commentary
(Bloomberg) -- Eurex AG fired a shot across the bow of stock exchanges in the U.S. with its $2.8 billion takeover bid for International Securities Exchange Holdings Inc., the country's second-largest options market.
Europe's largest derivatives exchange is destined to surpass the New York Stock Exchange in U.S. equity-options trading, as the ISE does more business than every other market except the Chicago Board Options Exchange. The NYSE's electronic market, NYSE Arca, ranks fourth in options.
Read more at Bloomberg Stocks News
Europe's largest derivatives exchange is destined to surpass the New York Stock Exchange in U.S. equity-options trading, as the ISE does more business than every other market except the Chicago Board Options Exchange. The NYSE's electronic market, NYSE Arca, ranks fourth in options.
Read more at Bloomberg Stocks News
U.S. Manufacturing Was Probably Little Changed in April as Demand Slowed
(Bloomberg) -- Manufacturing in the U.S. was probably little changed last month as factories strove to keep inventories lean, economists said before a report today.
The Institute for Supply Management's manufacturing index edged up to 51, from 50.9 in March, according to the median of 73 forecasts in a Bloomberg News survey. Readings of 50 are the dividing line between expansion and contraction.
Read more at Bloomberg Currencies News
The Institute for Supply Management's manufacturing index edged up to 51, from 50.9 in March, according to the median of 73 forecasts in a Bloomberg News survey. Readings of 50 are the dividing line between expansion and contraction.
Read more at Bloomberg Currencies News
Colombia Peso, Peru's New Sol, Brazil Real: Latin America Currency Preview
(Bloomberg) -- The following events and economic reports may influence trading in Latin American currencies today. Exchange rates are from the previous session.
Brazilian real: Brazil's budget deficit widened in March as the state-controlled energy company, Petroleo Brasileiro SA paid dividends to private stockholders and the government issued pension benefits after losing judicial battles. It grew to 6.78 billion reais ($3.33 billion) from 4.33 billion reais in February, the central bank reported in Brasilia yesterday.
Read more at Bloomberg Currencies News
Brazilian real: Brazil's budget deficit widened in March as the state-controlled energy company, Petroleo Brasileiro SA paid dividends to private stockholders and the government issued pension benefits after losing judicial battles. It grew to 6.78 billion reais ($3.33 billion) from 4.33 billion reais in February, the central bank reported in Brasilia yesterday.
Read more at Bloomberg Currencies News
Indonesia's Gas Negara First-Quarter Profit Falls on Foreign-Exchange Loss
(Bloomberg) -- PT Perusahaan Gas Negara, Indonesia's biggest publicly traded energy company, said its first-quarter profit fell 26 percent as a foreign-exchange loss countered a rise in revenue from transporting gas.
Net income in the three months ended March 31 declined to 514.5 billion rupiah ($57 million) from 693.6 billion rupiah a year earlier, Gas Negara said in an e-mailed statement yesterday. Gas Negara posted a foreign-exchange loss of 95.35 billion rupiah as a weaker rupiah raised the foreign-currency debt burden.
Read more at Bloomberg Emerging Markets News
Net income in the three months ended March 31 declined to 514.5 billion rupiah ($57 million) from 693.6 billion rupiah a year earlier, Gas Negara said in an e-mailed statement yesterday. Gas Negara posted a foreign-exchange loss of 95.35 billion rupiah as a weaker rupiah raised the foreign-currency debt burden.
Read more at Bloomberg Emerging Markets News
Gold Rises in Asian Trading as Dollar Declines Versus Euro, Silver Gains
(Bloomberg) -- Gold rose in Asian trading as the dollar traded near a record low against the euro, boosting the appeal of the precious metal as an alternative investment. Silver also gained.
The dollar fell before the release today of housing figures in the U.S. that may add to signs the world's largest economy is slowing. Gold, which rose to an 11-month high of $694.25 on April 23, has gained 6.5 percent this year, while the euro has risen 3.4 percent against the dollar. Financial markets are closed today in China, South Korea, Hong Kong and Singapore.
Read more at Bloomberg Commodities News
The dollar fell before the release today of housing figures in the U.S. that may add to signs the world's largest economy is slowing. Gold, which rose to an 11-month high of $694.25 on April 23, has gained 6.5 percent this year, while the euro has risen 3.4 percent against the dollar. Financial markets are closed today in China, South Korea, Hong Kong and Singapore.
Read more at Bloomberg Commodities News
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