(Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the Xetra close unless otherwise stated.
DAX Futures expiring in June added 20, or 0.3 percent, to 7524 at 8:17 a.m. in Frankfurt. The DAX increased 0.5 percent to 7475.99 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Wednesday, 09 May 2007
Axa, EADS, Hermes, Societe Generale: French Stock Market Preview
(Bloomberg) -- The following stocks may rise or fall on the Paris stock exchange. Symbols are in parentheses after company names. Prices are from yesterday's close.
The CAC 40 Index rose 17.38 points, or 0.3 percent, to 6051.63 in Paris as 23 stocks gained and 16 fell.
Read more at Bloomberg Stocks News
The CAC 40 Index rose 17.38 points, or 0.3 percent, to 6051.63 in Paris as 23 stocks gained and 16 fell.
Read more at Bloomberg Stocks News
Mozambique says no new borrowing despite disasters
(Reuters) - Mozambique will not borrow extra funds to boost a budget under pressure from the need to rebuild infrastructure hit by heavy flooding, cyclones and a devastating armoury blast, its finance minister said on Wednesday.
Manuel Chang said the southern African country's 2007 budget would be effected by spending on reconstruction following a series of disasters in the first few months of the year, including powerful storms that caused widespread damage.
Read more at Reuters Africa
Manuel Chang said the southern African country's 2007 budget would be effected by spending on reconstruction following a series of disasters in the first few months of the year, including powerful storms that caused widespread damage.
Read more at Reuters Africa
U.K. Pound May Gain as BOE Expected to Increase Interest Rates at Meeting
(Bloomberg) -- The pound may advance before the end of today's meeting of Bank of England policy makers, who are expected to raise interest rates to a six-year high to check quickening U.K. inflation.
The U.K. currency yesterday rose to a week-high against the dollar after reports showing rising prices and consumer sentiment caused traders to price in the likelihood the central bank will lift borrowing costs by 50 basis points to 5.75 percent. All 61 economists surveyed by Bloomberg News expect the central bank to announce a quarter point increase in its Bank Rate at noon.
Read more at Bloomberg Currencies News
The U.K. currency yesterday rose to a week-high against the dollar after reports showing rising prices and consumer sentiment caused traders to price in the likelihood the central bank will lift borrowing costs by 50 basis points to 5.75 percent. All 61 economists surveyed by Bloomberg News expect the central bank to announce a quarter point increase in its Bank Rate at noon.
Read more at Bloomberg Currencies News
Japan's Topix Falls: Toyota Drops on Slower Profit Growth; Developers Gain
(Bloomberg) -- Japan's Topix index fell, led by automakers, after Toyota Motor Corp. forecast the slowest profit growth since net income dropped in 1999.
Toyota, the world's biggest carmaker by market value, lost 1.4 percent. Denso Corp., Japan's largest autoparts maker which is 23 percent owned by Toyota, slid 4.5 percent.
Read more at Bloomberg Stocks News
Toyota, the world's biggest carmaker by market value, lost 1.4 percent. Denso Corp., Japan's largest autoparts maker which is 23 percent owned by Toyota, slid 4.5 percent.
Read more at Bloomberg Stocks News
TREASURIES-Flat in Asia after Fed, 30-yr auction
(Reuters) - The Fed held the benchmark federal funds rate target unchanged at 5.25 percent as expected, but doused speculation of early rate cuts by saying core inflation remained somewhat elevated.
"Those who had expected the statement might be more dovish needed to cut back their long positions, and such selling pressure is lingering in Asian trade," said a trader at a U.S. Securities house in Tokyo.
Read more at Reuters.com Bonds News
"Those who had expected the statement might be more dovish needed to cut back their long positions, and such selling pressure is lingering in Asian trade," said a trader at a U.S. Securities house in Tokyo.
Read more at Reuters.com Bonds News
Fukui Says Prolonging Low BOJ Interest Rate May Encourage Yen Carry Trade
(Bloomberg) -- Bank of Japan Governor Toshihiko Fukui said that keeping interest rates low may fan asset bubbles will encourage investors to borrow yen to buy higher yielding assets, signaling that borrowing costs will keep rising.
``If the expectation takes hold that low interest rates will continue regardless of the situation of both prices and the economy, then that could invite inefficient allocation of capital including real estate and the yen carry trade,'' Fukui said today in parliament.
Read more at Bloomberg Currencies News
``If the expectation takes hold that low interest rates will continue regardless of the situation of both prices and the economy, then that could invite inefficient allocation of capital including real estate and the yen carry trade,'' Fukui said today in parliament.
Read more at Bloomberg Currencies News
Takeda profit up, sees bigger growth this year
(Reuters) - Takeda, Japan's eighth-biggest company with a market value of around $57.3 billion, forecast net profit would climb to 380 billion yen in the year to end-March 2008 from 335.8 billion yen in 2006/07. The forecast is higher than a consensus for 373 billion yen from 19 analysts polled by Reuters Estimates.
With four patents on important products set to expire from 2010/11, Takeda needs to build up its pipeline and has earmarked $10 billion for major investments, including acquisitions.
Read more at Reuters.com Market News
With four patents on important products set to expire from 2010/11, Takeda needs to build up its pipeline and has earmarked $10 billion for major investments, including acquisitions.
Read more at Reuters.com Market News
UPDATE 1-Citi Trends cuts Q1 outlook
(Reuters) - Analysts were expecting first-quarter earnings of 48 cents a share, excluding exceptional items, on revenue of $106.6 million, according to Reuters Estimates.
Shares of the company fell more than 5 percent to $38.00 in late electronic trade, after closing at $40.26 on the Nasdaq.
Read more at Reuters.com Market News
Shares of the company fell more than 5 percent to $38.00 in late electronic trade, after closing at $40.26 on the Nasdaq.
Read more at Reuters.com Market News
UPDATE 1-Scottish Re posts 1st-qtr loss, misses estimates
(Reuters) - Scottish Re said its loss was $35.5 million, or 55 cents a share, compared with a profit of $11.6 million, or 20 cents a share, in the year-earlier quarter.
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.
Read more at Reuters.com Market News
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.
Read more at Reuters.com Market News
North Korean Propaganda Festival May Signal Significant Shift in Policy
(Bloomberg) -- Since 2002, North Korea has invited visitors every few years to a festival featuring 60,000 dancers, gymnasts, acrobats and musicians, along with card-flippers who create vast pictorial mosaics covering one entire side of the 150,000-seat May Day stadium in the capital, Pyongyang.
The previous performance, in 2005, included noisy and bloody tableaux of North Korean soldiers making mincemeat of enemy soldiers. Last week's Arirang production -- named for a famous Korean love song -- was different. Battlefield carnage was replaced with scenes of people seeking higher living standards by rebuilding factories and growing crops.
Read more at Bloomberg Exclusive News
The previous performance, in 2005, included noisy and bloody tableaux of North Korean soldiers making mincemeat of enemy soldiers. Last week's Arirang production -- named for a famous Korean love song -- was different. Battlefield carnage was replaced with scenes of people seeking higher living standards by rebuilding factories and growing crops.
Read more at Bloomberg Exclusive News
American Eagle same-store sales fall 10 percent
(Reuters) - Analysts had expected same-store sales to range from a decline of 3 percent to an increase of 5 percent, with an average view of a 1.6 percent rise, according to a Reuters survey.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Canadian Rally Stalls as Energy Stocks Decline; Research In Motion Gains
(Bloomberg) -- Canada's stock rally stalled after five days as energy stocks such as Talisman Energy Inc. declined along with crude prices.
Finance shares including Royal Bank of Canada fell as the Federal Reserve held borrowing costs steady and said inflation is the main risk in the U.S., Canada's biggest trading partner. The Standard & Poor's/TSX Composite Index was little changed as Research In Motion Ltd. rose on analyst comments, and raw-materials shares advanced, led by Teck Cominco Ltd.
Read more at Bloomberg Stocks News
Finance shares including Royal Bank of Canada fell as the Federal Reserve held borrowing costs steady and said inflation is the main risk in the U.S., Canada's biggest trading partner. The Standard & Poor's/TSX Composite Index was little changed as Research In Motion Ltd. rose on analyst comments, and raw-materials shares advanced, led by Teck Cominco Ltd.
Read more at Bloomberg Stocks News
UPDATE 1-PNC to buy California's ARCS Commercial Mortgage
(Reuters) - Calabasas Hills, California,-based ARCS makes loans that fund purchases of apartment buildings, condominiums and co-ops with at least five units, PNC said.
ARCS has 10 loan offices, made more than $2.1 billion of loans in 2006, and services about $13 billion of loans. PNC said. Founded in 1995, ARCS said it employs more than 170 people.
Read more at Reuters.com Bonds News
ARCS has 10 loan offices, made more than $2.1 billion of loans in 2006, and services about $13 billion of loans. PNC said. Founded in 1995, ARCS said it employs more than 170 people.
Read more at Reuters.com Bonds News
U.S. Stocks Rise; Oil Drop, Takeover Speculation Overshadows Fed Decision
(Bloomberg) -- U.S. stocks rose as lower oil prices and takeover speculation overshadowed the Federal Reserve's statement that inflation remains the main risk to the economy.
Crude oil's drop to a seven-week low helped push the Dow Jones Industrial Average to a record. OfficeMax Inc. had the best gain in the Standard & Poor's 500 Index after Credit Suisse said the third-biggest U.S. office-supplies retailer may be a buyout target. Alltel Corp. climbed to the highest since December 1999 on a report the mobile-phone company is holding talks with three groups of potential acquirers.
Read more at Bloomberg Stocks News
Crude oil's drop to a seven-week low helped push the Dow Jones Industrial Average to a record. OfficeMax Inc. had the best gain in the Standard & Poor's 500 Index after Credit Suisse said the third-biggest U.S. office-supplies retailer may be a buyout target. Alltel Corp. climbed to the highest since December 1999 on a report the mobile-phone company is holding talks with three groups of potential acquirers.
Read more at Bloomberg Stocks News
Dollar Is Little Changed as Federal Reserve Says Inflation Is Main Concern
(Bloomberg) -- The dollar was little changed against the euro after the Federal Reserve said in its statement that inflation remains its predominant concern.
The central bank held its benchmark rate steady at 5.25 percent for a seventh straight meeting since raising it to that level in June. Traders expect the European Central Bank will signal tomorrow that a boost in borrowing costs is likely next month.
Read more at Bloomberg Currencies News
The central bank held its benchmark rate steady at 5.25 percent for a seventh straight meeting since raising it to that level in June. Traders expect the European Central Bank will signal tomorrow that a boost in borrowing costs is likely next month.
Read more at Bloomberg Currencies News
PNC Financial says to acquire ARCS Commercial Mortgage
(Reuters) - The acquisition, which is likely to be closed in the third quarter, is expected to add to earnings within the first year, the northeast U.S. regional bank said in a statement.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Northwest creditors approve exit plan
(Reuters) - The No. 5 U.S. airline said 97 percent of creditor votes were in favor of the plan. The final voting result will be filed later this week with the U.S. bankruptcy court, the company added.
The voting result is an important step in Northwest's plan to exit bankruptcy by the end of June with an equity value of more than $7.8 billion.
Read more at Reuters.com Bonds News
The voting result is an important step in Northwest's plan to exit bankruptcy by the end of June with an equity value of more than $7.8 billion.
Read more at Reuters.com Bonds News
ABN AMRO says to appeal LaSalle ruling
(Reuters) - "ABN AMRO is of the view that it is in the interests of the company and its shareholders to launch such an appeal. Furthermore, this is appeal is required under the contract with Bank of America," it said.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Canadian Stocks' Rally Stalls Before U.S. Rate Decision; Oil Shares Fall
(Bloomberg) -- Canadian stocks fell for the first time in six days as oil and gas shares such as Talisman Energy Inc. declined along with crude-oil prices.
Financial shares including Royal Bank of Canada fell ahead of a decision by U.S. Federal Reserve in interest rates. Investors are looking for clues about when to expect a cut in borrowing costs after economists cut their growth forecast for the U.S., Canada's most important trading partner.
Read more at Bloomberg Stocks News
Financial shares including Royal Bank of Canada fell ahead of a decision by U.S. Federal Reserve in interest rates. Investors are looking for clues about when to expect a cut in borrowing costs after economists cut their growth forecast for the U.S., Canada's most important trading partner.
Read more at Bloomberg Stocks News
Colombia Peso Strengthens to Seven-Year High on Foreign-Investment Outlook
(Bloomberg) -- Colombia's peso strengthened to a seven-year high on expectations a boost in interest rates will attract investment capital from abroad.
The currency has risen 9.5 percent against the dollar so far this year, making it the second-best performer among 70 currencies tracked by Bloomberg after Iceland's krona. Colombia's central bank this week imposed lending limits to curb inflation and prevent the peso from strengthening further.
Read more at Bloomberg Currencies News
The currency has risen 9.5 percent against the dollar so far this year, making it the second-best performer among 70 currencies tracked by Bloomberg after Iceland's krona. Colombia's central bank this week imposed lending limits to curb inflation and prevent the peso from strengthening further.
Read more at Bloomberg Currencies News
US STOCKS-Cisco weighs down Nasdaq; blue chips flat
(Reuters) - NEW YORK, May 9 - U.S. tech stocks fell on Wednesday after tech bellwether Cisco Systems Inc. .
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Merrill Lynch Says ECB Unlikely to Intervene Until Euro Advances to $1.50
(Bloomberg) -- The European Central Bank is unlikely to intervene to curb the euro's strength until the 13-nation currency rises to $1.50, according to Merrill Lynch & Co.
The euro has gained 2.7 percent against the dollar this year and reached an all-time high of $1.3681 last month. The region's fastest growth in six years has pushed the ECB to raise borrowing costs seven times since November 2005 to contain inflation. Dutch Finance Minister Wouter Bos on May 8 said he wasn't concerned by the euro's advance.
Read more at Bloomberg Currencies News
The euro has gained 2.7 percent against the dollar this year and reached an all-time high of $1.3681 last month. The region's fastest growth in six years has pushed the ECB to raise borrowing costs seven times since November 2005 to contain inflation. Dutch Finance Minister Wouter Bos on May 8 said he wasn't concerned by the euro's advance.
Read more at Bloomberg Currencies News
Highveld Steel CEO set to retire
(Reuters) - The chief executive of South Africa's Highveld Steel and Vanadium Ltd, Andre de Nysschen, will retire once a successor is identified, after the firm was taken over by Russia's Evraz Group S.A..
Highveld said on Wednesday that it expected there would be a smooth handover before De Nysschen departs.
Read more at Reuters Africa
Highveld said on Wednesday that it expected there would be a smooth handover before De Nysschen departs.
Read more at Reuters Africa
UPDATE 2-US mortgage applications rise in 3rd straight week
(Reuters) - NEW YORK, May 9 - U.S. mortgage applications increased for a third straight week, driven to a two-month high by demand for both purchases and refinancings, an industry trade group said on Wednesday.
The Mortgage Bankers Association said its seasonally adjusted applications index rose 3.6 percent in the week to May 4 to 680.7, its highest since 690.5 in the week ended March 9.
Read more at Reuters.com Economic News
The Mortgage Bankers Association said its seasonally adjusted applications index rose 3.6 percent in the week to May 4 to 680.7, its highest since 690.5 in the week ended March 9.
Read more at Reuters.com Economic News
Toll Brothers sees more home-building downturn
(Reuters) - Fiscal second-quarter homebuilding revenue fell 19 percent to about $1.17 billion for the period ended April 30, according to preliminary results. The company is slated to release its official results on May 24.
With slack demand, the value of lots and homes built without a buyer have fallen. The company expects to take a second-quarter charge of between $90 million and $130 million to account for the lowered value, but still expects to report a profit.
Read more at Reuters.com Business News
With slack demand, the value of lots and homes built without a buyer have fallen. The company expects to take a second-quarter charge of between $90 million and $130 million to account for the lowered value, but still expects to report a profit.
Read more at Reuters.com Business News
European Carbon Emission Permits for 2008 Advance to Highest Since July
(Bloomberg) -- European Union carbon-dioxide permits rose to their highest price since July 17, as participants in the emissions-trading program purchased allowances.
Emission permits for December 2008 rose for a fifth day to 20.30 euros ($27.49) a metric ton, according to the European Climate Exchange in Amsterdam.
Read more at Bloomberg Energy News
Emission permits for December 2008 rose for a fifth day to 20.30 euros ($27.49) a metric ton, according to the European Climate Exchange in Amsterdam.
Read more at Bloomberg Energy News
Canadian Stocks' Rally Stalls on U.S. Economy; Alcan Falls, Agricore Gains
(Bloomberg) -- Canadian stocks' five-day rally stalled on signs that the economy in the U.S., the nation's most important trading partner, is slowing, threatening to curb demand for Canada's resource exports.
Shares of raw-material producer Alcan Inc. declined on speculation that BHP Billiton Ltd., seen as a potential counter- bidder to Alcoa Inc.'s $29.6 billion hostile offer for the Canadian aluminum maker, may instead target Rio Tinto Group.
Read more at Bloomberg Stocks News
Shares of raw-material producer Alcan Inc. declined on speculation that BHP Billiton Ltd., seen as a potential counter- bidder to Alcoa Inc.'s $29.6 billion hostile offer for the Canadian aluminum maker, may instead target Rio Tinto Group.
Read more at Bloomberg Stocks News
UPDATE 1-Edison International earnings rise 29 pct
(Reuters) - Edison said net income in the first quarter was $333 million, or $1.01 per share, compared with $258 million, or 78 cents per share, a year ago.
The company said its core earnings rose to 90 cents per share from 56 cents a year ago, and it expected 2007 core earnings would be at the top end of its previous forecast of $3.05 to $3.45 per share. Total earnings guidance is expected to be between $2.70 and $3.10 per share reflecting refinancing charges and a tax benefit.
Read more at Reuters.com Market News
The company said its core earnings rose to 90 cents per share from 56 cents a year ago, and it expected 2007 core earnings would be at the top end of its previous forecast of $3.05 to $3.45 per share. Total earnings guidance is expected to be between $2.70 and $3.10 per share reflecting refinancing charges and a tax benefit.
Read more at Reuters.com Market News
UPDATE 1-Saskpool, Richardson agree to divide Agricore
(Reuters) - The deal, which will pay C$20.50 in cash for each Agricore common share, has the blessing of both Agricore's board and the country's No. 3 grain handler, privately-held James Richardson International Ltd., which had been competing with Saskpool to control Agricore.
The deal will give Saskpool control over at least half of the grain moved from Canada's main growing region.
Read more at Reuters.com Mergers News
The deal will give Saskpool control over at least half of the grain moved from Canada's main growing region.
Read more at Reuters.com Mergers News
Somaxon says may delay seeking approval for sleep drug
(Reuters) - Submission of the New Drug Application could be delayed until the first quarter of next year as the U.S. Food and Drug Administration has asked the company to include assessment of whether the drug could cause cancer, Somaxon said.
The company, which was in talks with marketing partners for Silenor, had earlier expected to file the application in the third quarter of this year.
Read more at Reuters.com Government Filings News
The company, which was in talks with marketing partners for Silenor, had earlier expected to file the application in the third quarter of this year.
Read more at Reuters.com Government Filings News
UPDATE 1-Arrow Int'l hires Lazard to explore options
(Reuters) - The company said there can be no assurances about whether the company will pursue any alternatives or about the timing of a decision.
Arrow also said Richard Niner resigned from the company's board of directors on May 4.
Read more at Reuters.com Bonds News
Arrow also said Richard Niner resigned from the company's board of directors on May 4.
Read more at Reuters.com Bonds News
Cumulus Media posts quarterly loss
(Reuters) - For the latest first quarter, analysts were expecting the company to post a loss of 4 cents a share, excluding any items, on revenue of $73.5 million, according to Reuters Estimates.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Edison International earnings rise 29 pct
(Reuters) - The company said its core earnings rose to 90 cents per share from 56 cents a year ago.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
Hong Kong Exchanges First Quarter Profit Almost Doubles on Trading Fees
(Bloomberg) -- Hong Kong Exchanges & Clearing Ltd., operator of Asia's third-biggest stock market, said first- quarter profit jumped 93 percent to a record on a surge in trading. The company's shares rose after the announcement.
Net income rose to HK$922.5 million ($118 million) from HK$478.8 million a year earlier on a 64 percent gain in revenue, the company said in a statement. Quarterly profit beat the HK$860.4 million expected by Michael Chan, an analyst at JPMorgan & Chase Co., according to a May 7 report.
Read more at Bloomberg Stocks News
Net income rose to HK$922.5 million ($118 million) from HK$478.8 million a year earlier on a 64 percent gain in revenue, the company said in a statement. Quarterly profit beat the HK$860.4 million expected by Michael Chan, an analyst at JPMorgan & Chase Co., according to a May 7 report.
Read more at Bloomberg Stocks News
Alcan, EnCana, MGM Energy, Neurochem and Talisman: Canadian Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed yesterday. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index gained 49.85, or 0.4 percent, to 13,915.36 in Toronto, for its fourth straight record.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index gained 49.85, or 0.4 percent, to 13,915.36 in Toronto, for its fourth straight record.
Read more at Bloomberg Stocks News
South African Rand Drops for Second Day Versus Dollar as Metal Prices Fall
(Bloomberg) -- The South African rand fell for a second day as the price of the commodities that account for about a fifth of exports declined, and on speculation its advance to a nine-month high may prompt sales.
The currency often moves in tandem with the metals and lower prices mean reduced revenue from abroad and a weaker rand. The rand has gained almost 1.5 percent in the past week and its current levels may entice importers to sell the currency, to get dollars at cheaper levels.
Read more at Bloomberg Currencies News
The currency often moves in tandem with the metals and lower prices mean reduced revenue from abroad and a weaker rand. The rand has gained almost 1.5 percent in the past week and its current levels may entice importers to sell the currency, to get dollars at cheaper levels.
Read more at Bloomberg Currencies News
ING, Prudential in talks to buy S.Korean asset manager-source
(Reuters) - "It is understood that among the interested parties are ING and Prudential," said the source, who declined to be identified.
Officials at ING, Prudential and Morgan Stanley were not immediately available to comment.
Read more at Reuters.com Mergers News
Officials at ING, Prudential and Morgan Stanley were not immediately available to comment.
Read more at Reuters.com Mergers News
Futures flat before Fed's rate decision
(Reuters) - Shares of Cisco Systems Inc. , may provide clues about the outlook for rates this year. Policy-makers are expected to hold the benchmark overnight federal funds rate target steady at 5.25 percent.
Read more at Reuters.com Hot Stocks News
Read more at Reuters.com Hot Stocks News
Stocks seen opening lower, Fed in focus
(Reuters) - Soft jobs data last week reinforced Wall Street's view that the Federal Reserve will cut interest rates this year, although the figures were not weak enough to suggest a move was imminent, a Reuters poll showed.
The Fed is expected to hold the benchmark overnight federal funds rate steady at 5.25 percent, and then ease monetary policy in the second half of the year.
Read more at Reuters.com Bonds News
The Fed is expected to hold the benchmark overnight federal funds rate steady at 5.25 percent, and then ease monetary policy in the second half of the year.
Read more at Reuters.com Bonds News
DirecTV quarterly profit and revenue rise
(Reuters) - DirecTV added 235,000 U.S. customers in the quarter.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Rand steady, markets eye US Fed meeting
(Reuters) - South Africa's rand was steady against the dollar on Wednesday, showing resilience despite a minor greenback recovery, and traders said the currency would trade in tight ranges during the session.
The U.S. Federal Reserve is meeting later on Wednesday and is widely seen keeping rates steady but the accompanying statement will be scrutinised for clues on the next direction for U.S. lending rates.
Read more at Reuters Africa
The U.S. Federal Reserve is meeting later on Wednesday and is widely seen keeping rates steady but the accompanying statement will be scrutinised for clues on the next direction for U.S. lending rates.
Read more at Reuters Africa
Didata doubles H1 profit, says can "flourish alone"
(Reuters) - South African IT firm Dimension Data doubled its first-half adjusted earnings per share as firms switched to Internet-based phone services, but it predicted slower revenue growth in the second half.
Didata said on Wednesday earnings per share before one-off items rose to 1.8 U.S. cents in the six months to end March from 0.9 U.S. cents in the same period a year ago.
Read more at Reuters Africa
Didata said on Wednesday earnings per share before one-off items rose to 1.8 U.S. cents in the six months to end March from 0.9 U.S. cents in the same period a year ago.
Read more at Reuters Africa
Deutsche Bourse Starts Offering Silver, Platinum and Palladium Contracts
(Bloomberg) -- Deutsche Boerse AG, Europe's biggest stock exchange by market value, said it is offering silver, platinum and palladium contracts on the Frankfurt Stock Exchange.
The so-called exchange-traded commodities, or ETCS, are offered by London-based money manager ETF Securities Ltd. and are backed by physical supplies of the precious metals, Frankfurt-based Deutsche Boerse said in a statement today.
Read more at Bloomberg Commodities News
The so-called exchange-traded commodities, or ETCS, are offered by London-based money manager ETF Securities Ltd. and are backed by physical supplies of the precious metals, Frankfurt-based Deutsche Boerse said in a statement today.
Read more at Bloomberg Commodities News
Nedbank First-Half Profit to Increase as Much as 25 Percent on Lending
(Bloomberg) -- Nedbank Group Ltd., the fourth-biggest South African bank, said first-half profit will rise as much as 25 percent, boosted by gains in lending to companies.
Earnings per share in the six months through June 30 will climb between 15 percent and 25 percent, from 5.77 rand (84 cents) a year ago, Johannesburg-based Nedbank said in a statement to the city's stock exchange today.
Read more at Bloomberg Emerging Markets News
Earnings per share in the six months through June 30 will climb between 15 percent and 25 percent, from 5.77 rand (84 cents) a year ago, Johannesburg-based Nedbank said in a statement to the city's stock exchange today.
Read more at Bloomberg Emerging Markets News
UPDATE 2-France's Veolia profit growth curbed by mild weather
(Reuters) - PARIS, May 9 - French utility Veolia Environnement, the world's largest listed water company, raised its 2007 revenue forecast on Wednesday after its water and waste units compensated for weaker energy demand in the first-quarter.
Veolia despite its energy business taking a hit from reduced heating demand due to mild European weather.
Read more at Reuters.com Market News
Veolia despite its energy business taking a hit from reduced heating demand due to mild European weather.
Read more at Reuters.com Market News
UPDATE 1-ExpressJet earnings fall on higher costs
(Reuters) - ExpressJet, which began flying under its own brand in April, said net profit in the first quarter fell to $10.2 million, or 18 cents per share, from $23.8 million, or 40 cents per share, in the same period a year ago.
Operating revenue rose 1.5 percent to $412.1 million.
Read more at Reuters.com Market News
Operating revenue rose 1.5 percent to $412.1 million.
Read more at Reuters.com Market News
Suncorp-Metway, CMA CGN, New World 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
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