(Bloomberg) -- The following stocks may rise or fall in German markets.
Germany's X-DAX Index climbed 0.5 percent to 7511.95. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX increased 0.5 percent to 7475.99 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Wednesday, May 9, 2007
UPDATE 1-Greek Coca-Cola HBC Q1 net profit beats forecasts
(Reuters) - CCHBC, the world's second-largest bottler of Coca-Cola drinks, said on Thursday net profit rose to 25.4 million euros from 5.6 million in the same period in 2006.
Net profit had been forecast, on average, at 21.8 million euros in a Reuters poll of 11 analysts.
Read more at Reuters.com Market News
Net profit had been forecast, on average, at 21.8 million euros in a Reuters poll of 11 analysts.
Read more at Reuters.com Market News
China's Shares, at Record High, May Face `Correction,' Goldman Sachs Says
(Bloomberg) -- China's stocks, which accounted for half the trading in Asia yesterday, may face a ``correction'' as earnings can't justify the rally that's made them the world's biggest gainers this year, according to Goldman Sachs & Co.
China's CSI 300 Index, which tracks yuan-denominated A shares listed on the country's two exchanges, has climbed 85 percent in dollar terms in 2007, the best performance among 90 stock benchmarks tracked by Bloomberg. It's also the world's most expensive key stock index, at 42 times reported earnings, more than double the Morgan Stanley Capital International Asia Pacific Index's 19 times.
Read more at Bloomberg Stocks News
China's CSI 300 Index, which tracks yuan-denominated A shares listed on the country's two exchanges, has climbed 85 percent in dollar terms in 2007, the best performance among 90 stock benchmarks tracked by Bloomberg. It's also the world's most expensive key stock index, at 42 times reported earnings, more than double the Morgan Stanley Capital International Asia Pacific Index's 19 times.
Read more at Bloomberg Stocks News
Bank of England Will Probably Lift Rate to Six-Year High to Stem Inflation
(Bloomberg) -- The Bank of England will probably raise its benchmark interest rate to a six-year high today to contain the fastest inflation in a decade, a survey of economists shows.
The nine-member Monetary Policy Committee will increase the Bank Rate a quarter-point to 5.5 percent, the highest since April 2001, said all 61 economists in a Bloomberg News survey. The bank announces the decision at noon in London. Eleven of 43 economists predict another move to 5.75 percent by the end of the year.
Read more at Bloomberg Bonds News
The nine-member Monetary Policy Committee will increase the Bank Rate a quarter-point to 5.5 percent, the highest since April 2001, said all 61 economists in a Bloomberg News survey. The bank announces the decision at noon in London. Eleven of 43 economists predict another move to 5.75 percent by the end of the year.
Read more at Bloomberg Bonds News
Philippine Export Growth Unexpectedly Accelerates to Highest Ever in March
(Bloomberg) -- Philippine export growth unexpectedly accelerated to the highest level ever in March, adding to signs growth in the Southeast Asian economy may speed up.
Overseas sales increased 10.6 percent to a record $4.57 billion from a year earlier, the National Statistics Office said in Manila. That follows a 7 percent gain in February. The median estimate of 12 economists in a Bloomberg News survey was for a 4.5 percent rise.
Read more at Bloomberg Emerging Markets News
Overseas sales increased 10.6 percent to a record $4.57 billion from a year earlier, the National Statistics Office said in Manila. That follows a 7 percent gain in February. The median estimate of 12 economists in a Bloomberg News survey was for a 4.5 percent rise.
Read more at Bloomberg Emerging Markets News
UPDATE 1-Vector Aerospace profit dips, but upbeat on 2007
(Reuters) - The company, which specializes in repairing and overhauling airplanes and helicopters, said it had a net profit of C$3.2 million , or 8 Canadian cents a share, in the latest quarter, down from a profit of C$3.6 million, or 10 Canadian cents a share, in the year-before period.
Revenue rose 3.7 percent to C$83.1 million from C$80.1 million.
Read more at Reuters.com Market News
Revenue rose 3.7 percent to C$83.1 million from C$80.1 million.
Read more at Reuters.com Market News
US's Paulson: Support for foreign investment wanes
(Reuters) - "Regrettably, I've seen signs that this consensus is beginning to erode here and elsewhere in the world," he said, adding that he intended to "go on the offense and make it very clear that we're open for foreign investment and we appreciate the benefits of foreign investment."
Paulson was scheduled to participate in a panel discussion at a Washington university on Thursday that aims to highlight how foreign investment supports U.S. jobs and growth.
Read more at Reuters.com Business News
Paulson was scheduled to participate in a panel discussion at a Washington university on Thursday that aims to highlight how foreign investment supports U.S. jobs and growth.
Read more at Reuters.com Business News
Chile's LAN April passenger traffic up 29.5 pct
(Reuters) - International passenger traffic rose 30.4 percent as its load factor increased 0.9 percentage points to 71.3 percent.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Scottish Re posts 1st-qtr loss
(Reuters) - The latest loss was an improvement from the reinsurer's fourth quarter, when it reported a loss of $233.8 million as uncertainty about its future caused premiums to fall.
Scottish Re is now controlled by MassMutual Financial and Cerberus Partners following an equity investment made by the two firms in March.
Read more at Reuters.com Market News
Scottish Re is now controlled by MassMutual Financial and Cerberus Partners following an equity investment made by the two firms in March.
Read more at Reuters.com Market News
UPDATE 1-Six Flags posts narrower first quarter loss
(Reuters) - Six Flags has been restructuring its operations and selling parks since a shake-up of its board and top management after investor Daniel Snyder won a long-running battle for control of the company in 2005.
The company, which has been focusing on making its parks more family friendly and improving its financial position, reported a net loss of $176.1 million for the first quarter, or $1.86 per share. That compared with a net loss of $246.5 million, or $2.63 per share, in the year-ago period
Read more at Reuters.com Market News
The company, which has been focusing on making its parks more family friendly and improving its financial position, reported a net loss of $176.1 million for the first quarter, or $1.86 per share. That compared with a net loss of $246.5 million, or $2.63 per share, in the year-ago period
Read more at Reuters.com Market News
FMC Technologies first-quarter profit climbs
(Reuters) - Analysts on average had forecast earnings of 83 cents a share, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-Big Zurich stake moves, dealers eye Warren Buffett
(Reuters) - ZURICH, May 9 - A large number of shares in Zurich Financial Services Group . The on-bourse volume was about 1 million shares. The Swiss insurer has 148 million shares outstanding in total, according to Reuters data.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Four Employees of Chevron Contractor Are Kidnapped From Barge in Nigeria
(Bloomberg) -- Chevron Corp.'s Nigeria unit said four U.S. citizens working for one of its contractors were kidnapped from an oil vessel in Nigeria amid heavy gunfire.
The four employees of Global Industries Ltd. were taken from the Global Cheyenne barge at about 11:55 p.m. near the Okan region of Delta state in Nigeria, company and government officials said.
Read more at Bloomberg Energy News
The four employees of Global Industries Ltd. were taken from the Global Cheyenne barge at about 11:55 p.m. near the Okan region of Delta state in Nigeria, company and government officials said.
Read more at Bloomberg Energy News
TREASURIES-Bonds fall after Fed still frets on inflation
(Reuters) - NEW YORK, May 9 - U.S. government bond prices fell on Wednesday after the Federal Reserve held interest rates steady and signaled to investors its main concern was that inflation would fail to moderate.
The Fed held the benchmark 5.25 percent fed funds rate unchanged as expected. In its accompanying statement, the Federal Open Market Committee said that core inflation remained somewhat elevated, although added that inflation pressures were likely to moderate over time.
Read more at Reuters.com Bonds News
The Fed held the benchmark 5.25 percent fed funds rate unchanged as expected. In its accompanying statement, the Federal Open Market Committee said that core inflation remained somewhat elevated, although added that inflation pressures were likely to moderate over time.
Read more at Reuters.com Bonds News
US RATE FUTURES-Cut prospects for Fed cuts on FOMC
(Reuters) - Policy-makers said that their predominant concern was that inflation will fail to moderate as expected.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Getting your report cards
(Reuters) - Many of those reports are available for a fee, and therein lies the rub. Credit reporting agencies that used to make all their money selling your reports to lenders, now are making some money by selling them back to you.
"The consumer market has been one of our fastest-growing areas," concedes Steven Katz, a spokesman for TransUnion, which has just unveiled a suite of new reports, including home and auto insurance scores.
Read more at Reuters.com Business News
"The consumer market has been one of our fastest-growing areas," concedes Steven Katz, a spokesman for TransUnion, which has just unveiled a suite of new reports, including home and auto insurance scores.
Read more at Reuters.com Business News
Brazil airline Gol sees Varig's return to profit
(Reuters) - "The demand is there," Gol Chief Financial Officer Richard Lark said at a Wall Street investment conference on Wednesday. "We are seeing the lower-fare environment being rewarded with additional passengers."
Gol, the No. 2 Brazilian carrier behind TAM Linhas Aereas, is working to cut costs and reorganize Varig to bring it into profit.
Read more at Reuters.com Mergers News
Gol, the No. 2 Brazilian carrier behind TAM Linhas Aereas, is working to cut costs and reorganize Varig to bring it into profit.
Read more at Reuters.com Mergers News
Taiwan Stocks, World's Worst Under President Chen, Rise on Vote Prospects
(Bloomberg) -- Taiwanese stocks have been the world's worst performers under Chen Shui-bian's seven-year presidency as his combative approach to China discouraged investors.
Money manager Chris Ruffle is buying. He says any candidate to replace Chen when his two-term limit expires a year from now will improve relations with China and ease investment restrictions on Taiwanese companies doing business there.
Read more at Bloomberg Stocks News
Money manager Chris Ruffle is buying. He says any candidate to replace Chen when his two-term limit expires a year from now will improve relations with China and ease investment restrictions on Taiwanese companies doing business there.
Read more at Bloomberg Stocks News
Yellow Pages first-quarter profit jumps 42 percent
(Reuters) - Yellow Pages said it earned C$120.9 million , or 23 Canadian cents a share, in the quarter ended March 31, up from a net profit of C$85.2 million, or 17 Canadian cents, in the year-earlier period.
Distributable cash for the quarter rose 20 percent to C$164 million from C$137 million, and was up 11 percent on a per-unit basis, the company said.
Read more at Reuters.com Market News
Distributable cash for the quarter rose 20 percent to C$164 million from C$137 million, and was up 11 percent on a per-unit basis, the company said.
Read more at Reuters.com Market News
S.African stocks recover, BHP bid talk lends hand
(Reuters) - The mining sector led a recovery of South African stocks on Wednesday as investors sought bargains amid talk that index heavyweight BHP Billiton could bid for rival Rio Tinto.
Weaker gold and copper prices had hit mining heavyweights BHP and Anglo American on Tuesday while financials, which had tumbled in similar fashion to their European banking stocks also recovered, with Standard Bank gaining most.
Read more at Reuters Africa
Weaker gold and copper prices had hit mining heavyweights BHP and Anglo American on Tuesday while financials, which had tumbled in similar fashion to their European banking stocks also recovered, with Standard Bank gaining most.
Read more at Reuters Africa
UPDATE 1-Germany confirms stance that Wolfowitz should resign
(Reuters) - Karin Kortmann, a state secretary in Germany's Development Ministry, said Development Minister Heidemarie Wieczorek-Zeul had told Wolfowitz at the bank's spring meeting she was "deeply concerned" about the credibility and effectiveness of the bank.
"She made it clear to that his voluntary resignation was the best solution for the bank and its goals," Kortmann told lawmakers in the lower house of parliament.
Read more at Reuters.com Bonds News
"She made it clear to that his voluntary resignation was the best solution for the bank and its goals," Kortmann told lawmakers in the lower house of parliament.
Read more at Reuters.com Bonds News
Atticus slams planned D.Boerse-ISE deal - source
(Reuters) - Atticus Capital is Deutsche Boerse's second-biggest shareholder and has pushed for bigger payouts of excess capital -- something Deutsche Boerse put on hold following its agreed takeover of ISE.
In the letter, Atticus said it was "very annoyed by this transaction", the source, who has seen the letter, told Reuters.
Read more at Reuters.com Mergers News
In the letter, Atticus said it was "very annoyed by this transaction", the source, who has seen the letter, told Reuters.
Read more at Reuters.com Mergers News
UPDATE 1-Power Financial profit jumps 18 pct, dividend up
(Reuters) - The financial services holding company reported net income of C$482 million , or 65 Canadian cents a diluted share, for the three months ended March 31. That compared with C$408 million, or 55 Canadian cents a share, in the same period the year before.
The company raised its quarterly dividend by 8.4 percent to 29 Canadian cents a share.
Read more at Reuters.com Market News
The company raised its quarterly dividend by 8.4 percent to 29 Canadian cents a share.
Read more at Reuters.com Market News
Cisco drags Nasdaq, S&P lower: Fed on tap
(Reuters) - U.S. stocks declined on Wednesday, with investors disappointed by tech bellwether Cisco Systems Inc.'s earnings outlook and reluctant to buy before a Federal Reserve interest-rate decision.
Cisco, the world's largest maker of equipment that directs Internet traffic, issued an outlook in line with forecasts, but analysts said investors had hoped for a positive surprise. Its shares fell 5 percent and were the top drag on the S&P 500 and Nasdaq 100 indexes.
Read more at Reuters Africa
Cisco, the world's largest maker of equipment that directs Internet traffic, issued an outlook in line with forecasts, but analysts said investors had hoped for a positive surprise. Its shares fell 5 percent and were the top drag on the S&P 500 and Nasdaq 100 indexes.
Read more at Reuters Africa
Virgin Media says to lose customers over Sky spat
(Reuters) - The group, which launched earlier this year from the merger of NTL, Telewest and Virgin's mobile phone division, said on Wednesday it had added 36,100 net TV customers in the first quarter but that this number could turn negative during the second three months.
Its overall customer numbers in the first quarter were down by 46,900, hit by the poor performance of its fixed-line telephony business, which pulled down otherwise good demand for broadband and TV.
Read more at Reuters.com Business News
Its overall customer numbers in the first quarter were down by 46,900, hit by the poor performance of its fixed-line telephony business, which pulled down otherwise good demand for broadband and TV.
Read more at Reuters.com Business News
Bank of America's Lewis Says Credit Markets Are a `Bubble' That May Break
(Bloomberg) -- Bank of America Corp. Chief Executive Officer Ken Lewis said a so-called ``credit bubble'' is about to break after six years of historically low interest rates and relaxed lending criteria.
``We are close to a time when we'll look back and say we did some stupid things,'' Lewis said, speaking at a lunch at the Swiss-American Chamber of Commerce in Zurich. ``We need a little more sanity in a period in which everyone feels invincible and thinks this is different.''
Read more at Bloomberg Bonds News
``We are close to a time when we'll look back and say we did some stupid things,'' Lewis said, speaking at a lunch at the Swiss-American Chamber of Commerce in Zurich. ``We need a little more sanity in a period in which everyone feels invincible and thinks this is different.''
Read more at Bloomberg Bonds News
Kravis, Goldman, Lee Stymied as Investors Jettison Loose Loan Covenants
(Bloomberg) -- The high-yield loans that provided the most favorable terms to Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners LP as they completed the biggest leveraged buyouts are drying up.
Investors have scaled back such credit to LBOs by about 33 percent since February, according to ratings company Standard & Poor's. Yields on loans to buyout firms and companies considered below investment grade rose to 7.76 percent from 7.47 percent three months ago, S&P estimates.
Read more at Bloomberg Exclusive News
Investors have scaled back such credit to LBOs by about 33 percent since February, according to ratings company Standard & Poor's. Yields on loans to buyout firms and companies considered below investment grade rose to 7.76 percent from 7.47 percent three months ago, S&P estimates.
Read more at Bloomberg Exclusive News
Cox Radio quarterly profit falls
(Reuters) - Revenue rose 3.2 percent to $100.8 million.
Analysts on average had forecast earnings per share of 14 cents, before special items, on revenue of $100.3 million, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts on average had forecast earnings per share of 14 cents, before special items, on revenue of $100.3 million, according to Reuters Estimates.
Read more at Reuters.com Market News
UBS buys stake in power plant company from AIG group
(Reuters) - The remaining 50 percent interest in Northern Star Generation is held by a unit of the Ontario Teachers' Pension Plan Board.
The deal is expected to close in the third quarter.
Read more at Reuters.com Mergers News
The deal is expected to close in the third quarter.
Read more at Reuters.com Mergers News
St. Jude wins FDA OK for new pacemaker lead
(Reuters) - The company said the lead, which attaches to a cardiac pacemaker, is the first of its kind, designed to provide more accurate sensing of the right atrium, the upper chamber of the heart.
The lead incorporates a new tip that reduces extraneous signals from the heart's ventricles, or the lower chambers, that can interfere with a pacemaker's sensing capabilities.
Read more at Reuters.com Government Filings News
The lead incorporates a new tip that reduces extraneous signals from the heart's ventricles, or the lower chambers, that can interfere with a pacemaker's sensing capabilities.
Read more at Reuters.com Government Filings News
TREASURIES-Bonds little changed ahead of Fed
(Reuters) - Dealers see the Fed as eager to demonstrate that it has subdued inflation decisively before contemplating rate cuts to boost the economy. This could be a recipe for continued range trade until data gives a clearer direction to monetary policy.
"Obviously we are waiting to see what we can get out of the Fed and whether that is supposed to inspire anything," said David Ader, head of government bond strategy at RBS Greenwich Capital.
Read more at Reuters.com Bonds News
"Obviously we are waiting to see what we can get out of the Fed and whether that is supposed to inspire anything," said David Ader, head of government bond strategy at RBS Greenwich Capital.
Read more at Reuters.com Bonds News
UPDATE 1-Labopharm reports smaller first-quarter loss
(Reuters) - The company had a net loss C$6.5 million, or 11 Canadian cents a share, compared with a loss of C$6.8 million, or 16 Canadian cents a share in the corresponding period a year earlier.
Revenue rose to C$5.4 million from C$4.3 million, lifted by the launch of Labopharm's Tramadol pain medication in France, United Kingdom, Spain and Belgium.
Read more at Reuters.com Market News
Revenue rose to C$5.4 million from C$4.3 million, lifted by the launch of Labopharm's Tramadol pain medication in France, United Kingdom, Spain and Belgium.
Read more at Reuters.com Market News
TXU posts 1st-qtr loss
(Reuters) - TXU, the largest power generator in Texas, agreed in February to be acquired by a group led by private equity firms Kohlberg Kravis Roberts & Co. [KKR.UL] and TPG [TPG.UL], formerly known as Texas Pacific Group, for nearly $32 billion.
As part of the deal, TXU slashed its development plans to three coal-fired power units from 11 to gain support from environmental groups. It has also begun implementing a 10 percent electricity rate cut to push along the transaction.
Read more at Reuters.com Market News
As part of the deal, TXU slashed its development plans to three coal-fired power units from 11 to gain support from environmental groups. It has also begun implementing a 10 percent electricity rate cut to push along the transaction.
Read more at Reuters.com Market News
Disney Shares May Fall on Investor Concern That Growth Is Set to Slow
(Bloomberg) -- Shares of Walt Disney Co. may fall after company executives told investors the second-largest U.S. media company may struggle to generate revenue growth.
Disney faces ``tough comparisons'' with last summer's release of the second ``Pirates of the Caribbean'' movie and ``Cars,'' Chief Financial Officer Thomas Staggs said on a conference call following the company's second-quarter results yesterday. ``Pirates of the Caribbean: At World's End'' debuts on May 25.
Read more at Bloomberg Stocks News
Disney faces ``tough comparisons'' with last summer's release of the second ``Pirates of the Caribbean'' movie and ``Cars,'' Chief Financial Officer Thomas Staggs said on a conference call following the company's second-quarter results yesterday. ``Pirates of the Caribbean: At World's End'' debuts on May 25.
Read more at Bloomberg Stocks News
Czech Koruna Gains, Snaping Three-Day Losing Streak, on Evidence of Growth
(Bloomberg) -- The Czech koruna gained versus the euro, snapping a three-day losing streak, on evidence the country's economy is continuing to expand.
The koruna rallied from its lowest in more than two months after a report showed the country's trade surplus widened by more than economists expected in March. The currency also gained before data tomorrow that's forecast to show inflation quickened to its fastest pace since September.
Read more at Bloomberg Currencies News
The koruna rallied from its lowest in more than two months after a report showed the country's trade surplus widened by more than economists expected in March. The currency also gained before data tomorrow that's forecast to show inflation quickened to its fastest pace since September.
Read more at Bloomberg Currencies News
KarstadtQuelle says buys Home Shopping Europe
(Reuters) - The final price of the purchase still has to be determined, KarstadtQuelle said.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
GLOBAL MARKETS-M&A talk, earnings boost shares; dlr awaits Fed
(Reuters) - LONDON, May 9 - Global share markets rallied on Wednesday as speculation of a mining mega-merger and strong company earnings cheered investors, while the dollar was steady ahead of an interest decision from the U.S. Federal Reserve.
The yield spreads of emerging market and corporate bonds over U.S. Treasuries tightened in further evidence of the appetite for riskier, higher-yielding assets, while commodities such as gold and oil were little changed.
Read more at Reuters.com Bonds News
The yield spreads of emerging market and corporate bonds over U.S. Treasuries tightened in further evidence of the appetite for riskier, higher-yielding assets, while commodities such as gold and oil were little changed.
Read more at Reuters.com Bonds News
Morgan Stanley in talks to sell Korea asset manager
(Reuters) - U.S.-based Prudential Financial Inc. is another bidder for an 87.6 percent stake in Landmark Investment Management, owned by Morgan Stanley's private equity fund LM Investment Management Holdings AB, the sources said on Wednesday.
Regulatory and banking sources had said earlier that Morgan Stanley has been seeking to sell the unit, which it bought in 2002 for 44 billion won , since last year, but they declined to give the value of a potential deal.
Read more at Reuters.com Business News
Regulatory and banking sources had said earlier that Morgan Stanley has been seeking to sell the unit, which it bought in 2002 for 44 billion won , since last year, but they declined to give the value of a potential deal.
Read more at Reuters.com Business News
Crude Oil Little Changed on Unrest in Nigeria, Outlook for U.S. Gasoline
(Bloomberg) -- Crude oil traded little changed in New York, near $62 a barrel, after Chevron Corp. said four contractors were kidnapped in Nigeria, raising concern supplies from Africa's largest producer would be disrupted.
Four U.S. citizens working a Chevron contractor were abducted in the Niger delta, said Femi Odumabo, a spokesman for Chevron's Nigerian venture. U.S. refineries may have increased production last week by 1 percentage point before the summer driving season, according to a Bloomberg News survey of analysts.
Read more at Bloomberg Energy News
Four U.S. citizens working a Chevron contractor were abducted in the Niger delta, said Femi Odumabo, a spokesman for Chevron's Nigerian venture. U.S. refineries may have increased production last week by 1 percentage point before the summer driving season, according to a Bloomberg News survey of analysts.
Read more at Bloomberg Energy News
Dollar drifts sideways ahead of Fed meeting
(Reuters) - The dollar dipped against the yen but was mostly steady on Wednesday as investors looked to see if the Federal Reserve would give any signals to back up market expectations for an interest rate cut later in the year.
The yen posted broad gains as investors took profits on carry trades -- using the low-yielding Japanese currency to fund purchases of higher-yielding currencies and assets -- before this week's string of central bank meetings.
Read more at Reuters Africa
The yen posted broad gains as investors took profits on carry trades -- using the low-yielding Japanese currency to fund purchases of higher-yielding currencies and assets -- before this week's string of central bank meetings.
Read more at Reuters Africa
Robusta Coffee Climbs to Three-Month High as Stockpiles in Vietnam Decline
(Bloomberg) -- Robusta coffee in London jumped to a three-month high as stockpiles in Vietnam, the world's biggest producer of the beans, dwindled and prices for the commodity in the Asian country rose to a record.
``Vietnamese prices have hit a record 24,700 dong ($1.54) per kilogram,'' Elizabeth Miller, head of research at RedTower Ltd. in Aberdeen, U.K., said in a report. ``Stocks have nearly run out.''
Read more at Bloomberg Commodities News
``Vietnamese prices have hit a record 24,700 dong ($1.54) per kilogram,'' Elizabeth Miller, head of research at RedTower Ltd. in Aberdeen, U.K., said in a report. ``Stocks have nearly run out.''
Read more at Bloomberg Commodities News
Polish Mutual Funds Boost Assets to New Record in April as Stocks Rally
(Bloomberg) -- Assets at Polish mutual funds rose to a new record in April as Poles continued to shift savings, seeking to take advantage of the Warsaw bourse's four-year rally, the country's main investment association said.
Fund assets increased 5.6 billion zloty ($2 billion), or 4.8 percent, to a record 123.2 billion zloty as of April 30, the Warsaw-based Chamber of Fund and Asset Managers said in an e- mailed statement today.
Read more at Bloomberg Emerging Markets News
Fund assets increased 5.6 billion zloty ($2 billion), or 4.8 percent, to a record 123.2 billion zloty as of April 30, the Warsaw-based Chamber of Fund and Asset Managers said in an e- mailed statement today.
Read more at Bloomberg Emerging Markets News
Sanyo Elec to complete past earnings review by Dec
(Reuters) - The Asahi newspaper reported in February that Sanyo had considered writing off losses of about 190 billion yen in the year ended March 2004, mainly from subsidiaries, but it ended up writing off only around 50 billion yen.
The Osaka-based company said any revision would have no impact on its consolidated earnings.
Read more at Reuters.com Market News
The Osaka-based company said any revision would have no impact on its consolidated earnings.
Read more at Reuters.com Market News
UPDATE 1-E.ON's Q1 profit rises 21 pct on UK, gas unit
(Reuters) - Adjusted earnings before interest and taxes in the three months through March rose to 3.32 billion euros from 2.73 billion euros, the company said in a statement on Wednesday.
That was more than expected, with 13 analysts polled by Reuters on average forecasting EBIT of 2.95 billion euros.
Read more at Reuters.com Market News
That was more than expected, with 13 analysts polled by Reuters on average forecasting EBIT of 2.95 billion euros.
Read more at Reuters.com Market News
Al-Imtiaz Hires Liquidity Management Centre for Sale of Islamic Bonds
(Bloomberg) -- Al-Imtiaz Investment Co., a Kuwait- based Islamic financial firm, hired Liquidity Management Centre BSC to help sell as much as $150 million of Islamic bonds.
Liquidity Management, or LMC, in Bahrain, will now seek to form a group of banks to underwrite the three-year securities, known as sukuk, it said in a statement posted on Dubai-based business Web site Ame Info today.
Read more at Bloomberg Bonds News
Liquidity Management, or LMC, in Bahrain, will now seek to form a group of banks to underwrite the three-year securities, known as sukuk, it said in a statement posted on Dubai-based business Web site Ame Info today.
Read more at Bloomberg Bonds News
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