(Reuters) - Europe's largest share market said on Wednesday operating profit before exceptionals was 185.6 million pounds for the year to March 31, up from 120.1 million the year before, on revenue up 20 percent at 349.6 million.
Adjusted basic earnings per share were 56.2 pence for the year, up 50 percent from the 37.4p reported a year ago.
Read more at Reuters.com Market News
Tuesday, 15 May 2007
Datatec says annual core profits up 40 percent
(Reuters) - South African IT firm Datatec posted a 40 percent jump in annual core profit on Wednesday and said business in the current financial year started in line with management's expectations.
"We are confident that the scale of the group's operations and its improving business mix should deliver further efficiency gains resulting in continued margin improvement," Chief Executive Jens Montanana said in a statement.
Read more at Reuters Africa
"We are confident that the scale of the group's operations and its improving business mix should deliver further efficiency gains resulting in continued margin improvement," Chief Executive Jens Montanana said in a statement.
Read more at Reuters Africa
UPDATE 1-Arcelor Mittal results in line with expectations
(Reuters) - The company, which accounts for roughly 10 percent of the world's steel production, said sales reached $24.476 billion, up 17 percent against a pro forma figure for the first three months of 2006.
The steelmaker said it expected its EBITDA in the second quarter to be higher than in the first.
Read more at Reuters.com Mergers News
The steelmaker said it expected its EBITDA in the second quarter to be higher than in the first.
Read more at Reuters.com Mergers News
Japan's Government Bonds Little Changed Before GDP Report, Fukui Speech
(Bloomberg) -- Japanese bonds were little changed before a government report tomorrow that may show the economy grew for a ninth straight quarter, matching the longest expansion since 1997.
Trading of the securities was subdued before the report's release and a press conference scheduled by Bank of Japan Governor Toshihiko Fukui tomorrow at the end of this month's policy board meeting. The government will work with the central bank to sustain economic growth led by domestic demand, the Cabinet Office said yesterday in Tokyo.
Read more at Bloomberg Bonds News
Trading of the securities was subdued before the report's release and a press conference scheduled by Bank of Japan Governor Toshihiko Fukui tomorrow at the end of this month's policy board meeting. The government will work with the central bank to sustain economic growth led by domestic demand, the Cabinet Office said yesterday in Tokyo.
Read more at Bloomberg Bonds News
Arcelor Mittal Q1 2007 core profit meets consensus
(Reuters) - The average forecast of a Reuters poll of seven analysts gave Arcelor Mittal's first-quarter EBITDA at $4.33 billion and its revenues at $23.75 billion.
Read more at Reuters.com Market News
Read more at Reuters.com Market News
UPDATE 1-XM Satellite suspends shock jocks Opie & Anthony
(Reuters) - In the latest flap over radio shock jocks, the satellite radio company said it "deplored" the comments made about one week ago on the show, which is hosted by Gregg "Opie" Hughes and Anthony Cumia.
The hosts issued an apology soon after the original airing, but XM Satellite said it was not convinced the two were sincere.
Read more at Reuters.com Bonds News
The hosts issued an apology soon after the original airing, but XM Satellite said it was not convinced the two were sincere.
Read more at Reuters.com Bonds News
CORRECTED - Ontario Teachers' fund buys 2 water firms in Chile
(Reuters) - Teachers' said it has agreed to buy Aguas Nuevo Sur Maule, SA, a private company, as well as a 50.01 percent stake in Empresa de Servicios Sanitarios del Bio-Bio SA .
Together, the companies dominate about 20 percent of Chile's regulated water and wastewater market.
Read more at Reuters.com Mergers News
Together, the companies dominate about 20 percent of Chile's regulated water and wastewater market.
Read more at Reuters.com Mergers News
S&P cuts Ingersoll's debt, may cut again
(Reuters) - The company also announced plans to double its share buyback program. For details, see [ID:nN15393965].
The ratings actions "reflect the expectation that IR's announced actions will result in increased financial leverage, a more aggressive, shareholder-friendly financial policy, and reduced business-level diversity," S&P said in a statement.
Read more at Reuters.com Bonds News
The ratings actions "reflect the expectation that IR's announced actions will result in increased financial leverage, a more aggressive, shareholder-friendly financial policy, and reduced business-level diversity," S&P said in a statement.
Read more at Reuters.com Bonds News
Drexel, Capella settle with NY attorney general
(Reuters) - Cuomo filed notice on April 19 that he would sue Pennsylvania-based Drexel, which received payments from Education Finance Partners for loan referrals. As part of its settlement, Drexel agreed to refund student borrowers about $250,000 it received or accrued in "revenue sharing" fees.
Drexel also had an agreement with EdAmerica Inc., which operated a call center for the university's financial aid office, Cuomo's office said. Cuomo said students who contacted the call center were unaware they were speaking to the employees of a private loan company.
Read more at Reuters.com Government Filings News
Drexel also had an agreement with EdAmerica Inc., which operated a call center for the university's financial aid office, Cuomo's office said. Cuomo said students who contacted the call center were unaware they were speaking to the employees of a private loan company.
Read more at Reuters.com Government Filings News
UPDATE 3-Deals of the day -- mergers and acquisitions
(Reuters) -
** Canadian publisher Thomson Corp. to create the world's biggest financial news and data group, the companies said. To read more, please double click on [nL15300215]
Read more at Reuters.com Bonds News
** Canadian publisher Thomson Corp. to create the world's biggest financial news and data group, the companies said. To read more, please double click on [nL15300215]
Read more at Reuters.com Bonds News
Internet Gold, Pinnacle, Skilled Healthcare, Viasat: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges. Share prices are as of 2:40 p.m. New York time.
Agilent Technologies Inc. (A US) rose $2.14, or 6 percent, to $38.08 and traded as high as $38.47. The world's biggest maker of scientific-testing equipment said third-quarter profit excluding some costs will be 46 cents to 50 cents a share on sales of $1.36 billion to $1.4 billion. Analysts on average estimated profit of 45 cents and sales of $1.35 billion, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
Agilent Technologies Inc. (A US) rose $2.14, or 6 percent, to $38.08 and traded as high as $38.47. The world's biggest maker of scientific-testing equipment said third-quarter profit excluding some costs will be 46 cents to 50 cents a share on sales of $1.36 billion to $1.4 billion. Analysts on average estimated profit of 45 cents and sales of $1.35 billion, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
UPDATE 2-Peru's economic growth slows in March
(Reuters) - LIMA, May 15 - Peru's economy grew at its slowest in nearly a year in March, expanding 5.59 percent compared with a year earlier as contraction in fishing and agriculture offset strong construction activity.
The median forecast of analysts polled by Reuters was for growth of 6.35 percent, with forecasts ranging from 5.3 percent to 7.5 percent.
Read more at Reuters.com Economic News
The median forecast of analysts polled by Reuters was for growth of 6.35 percent, with forecasts ranging from 5.3 percent to 7.5 percent.
Read more at Reuters.com Economic News
OPEC Says U.S. Gasoline Imports Should Allow Sufficient Supply for Summer
(Bloomberg) -- OPEC, which supplies about two-fifths of the world's oil, said the U.S. should have enough fuel for the summer driving season as long as it imports at least 1 million barrels a day.
Refinery halts have caused U.S. gasoline supplies to decline and international oil prices to rise, even though stockpiles of crude, the raw material for refining, have grown, the Organization of Petroleum Exporting Countries said today in a monthly report. OPEC made ``only minor revisions'' to its world demand estimates.
Read more at Bloomberg Energy News
Refinery halts have caused U.S. gasoline supplies to decline and international oil prices to rise, even though stockpiles of crude, the raw material for refining, have grown, the Organization of Petroleum Exporting Countries said today in a monthly report. OPEC made ``only minor revisions'' to its world demand estimates.
Read more at Bloomberg Energy News
Cattle Futures Rise on Signs Harsh Winter Reduced U.S. Choice Beef Supply
(Bloomberg) -- Cattle futures in Chicago rose to the highest in almost two weeks on signs that U.S. supplies of higher-grade beef may have been limited by winter storms that kept calves too lean.
Choice beef, considered higher quality because it has more fat, is in short supply after snow and moisture during the winter made calves' pens muddy, said Walt Hackney, owner of Hackney Ag, a cattle feeder and market adviser in Omaha, Nebraska. The conditions caused calves to overexert themselves, resulting in lower weights and less fat, or marbling, he said.
Read more at Bloomberg Commodities News
Choice beef, considered higher quality because it has more fat, is in short supply after snow and moisture during the winter made calves' pens muddy, said Walt Hackney, owner of Hackney Ag, a cattle feeder and market adviser in Omaha, Nebraska. The conditions caused calves to overexert themselves, resulting in lower weights and less fat, or marbling, he said.
Read more at Bloomberg Commodities News
Agilent, Ingersoll-Rand, Insulet, KBR, Viasat: U.S. Equity Movers
(Bloomberg) -- The following is a list of companies whose shares are having unusual price changes in U.S. exchanges. Share prices are as of 11:40 a.m. New York time.
Agilent Technologies Inc. (A US) rose $1.78, or 4.9 percent, to $37.69 and traded as high as $38.47. The world's biggest maker of scientific-testing equipment said third-quarter profit excluding some costs will be 46 cents to 50 cents a share on sales of $1.36 billion to $1.4 billion. Analysts on average estimated profit of 45 cents and sales of $1.35 billion, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
Agilent Technologies Inc. (A US) rose $1.78, or 4.9 percent, to $37.69 and traded as high as $38.47. The world's biggest maker of scientific-testing equipment said third-quarter profit excluding some costs will be 46 cents to 50 cents a share on sales of $1.36 billion to $1.4 billion. Analysts on average estimated profit of 45 cents and sales of $1.35 billion, according to a Bloomberg survey.
Read more at Bloomberg Stocks News
UPDATE 1-Fortress posts quarterly net loss
(Reuters) - Fortress, the first hedge fund and private equity firm to hold a U.S. IPO, said it lost $71.8 million, or 87 cents per share, in the period from Jan. 17, 2007 through March 31 following a reorganization.
But the New York firm, which has $36 billion under management, said its "distributable earnings," which it called a "key component to our business strategy," gained 90 percent to $220 million in the quarter from a year ago. Distributable earnings, it said, is the value available for distribution to shareholders in any quarter.
Read more at Reuters.com Market News
But the New York firm, which has $36 billion under management, said its "distributable earnings," which it called a "key component to our business strategy," gained 90 percent to $220 million in the quarter from a year ago. Distributable earnings, it said, is the value available for distribution to shareholders in any quarter.
Read more at Reuters.com Market News
South Africa's Inflation Target Range `Threatened,' Central Bank Says
(Bloomberg) -- South African inflation will remain close to the top of 3 percent to 6 percent target range in coming months, and may exceed the upper limit if oil and food prices continue to gain, the Reserve Bank said.
``The target could be threatened,'' the Pretoria-based Reserve Bank said in its biannual Monetary Policy Review today.
Read more at Bloomberg Emerging Markets News
``The target could be threatened,'' the Pretoria-based Reserve Bank said in its biannual Monetary Policy Review today.
Read more at Bloomberg Emerging Markets News
Corn Futures Decline as Planting of U.S. Crop Accelerates; Soybeans Rise
(Bloomberg) -- Corn fell in Chicago as unusually warm and dry weather accelerated planting across the U.S. Midwest.
About 78 percent of the crop was planted in the top 18 producing states as of May 13, up from 53 percent a week earlier and equal to the prior five-year average, the Department of Agriculture said yesterday. Planting had been delayed in part of the Midwest, including Iowa and Nebraska, by heavy rains.
Read more at Bloomberg Commodities News
About 78 percent of the crop was planted in the top 18 producing states as of May 13, up from 53 percent a week earlier and equal to the prior five-year average, the Department of Agriculture said yesterday. Planting had been delayed in part of the Midwest, including Iowa and Nebraska, by heavy rains.
Read more at Bloomberg Commodities News
Fannie Mae launches $3 billion new 5-year notes
(Reuters) - Settlement for both issues will be May 18.
The joint lead managers on the five-year notes are Barclays Capital, Lehman Brothers and UBS Securities.
Read more at Reuters.com Bonds News
The joint lead managers on the five-year notes are Barclays Capital, Lehman Brothers and UBS Securities.
Read more at Reuters.com Bonds News
Dollar Falls Versus Euro as Inflation Rate Slowed During April in the U.S.
(Bloomberg) -- The dollar fell against the euro after a government report showed U.S. consumer prices rose less than economists forecast last month.
Signs of easing price pressure may undercut the Federal Reserve's argument that inflation remains its predominant concern. Gains in the euro accelerated after it breached the $1.3560 level where buying orders on the European currency were triggered, strategists and traders said.
Read more at Bloomberg Currencies News
Signs of easing price pressure may undercut the Federal Reserve's argument that inflation remains its predominant concern. Gains in the euro accelerated after it breached the $1.3560 level where buying orders on the European currency were triggered, strategists and traders said.
Read more at Bloomberg Currencies News
Canadian Stocks Rise, Led by LionOre Mining, Royal Bank, Financial Shares
(Bloomberg) -- Canadian stocks rose, led by LionOre Mining International Ltd., after Xstrata Plc. raised its takeover offer for the nickel miner. Financial shares including Royal Bank of Canada advanced on a U.S. inflation report.
The Standard & Poor's/TSX Composite Index gained 37.30, or 0.3 percent, to 13,940.58 as of 10:21 a.m. in Toronto. The S&P/TSX is up 3.9 percent in May.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index gained 37.30, or 0.3 percent, to 13,940.58 as of 10:21 a.m. in Toronto. The S&P/TSX is up 3.9 percent in May.
Read more at Bloomberg Stocks News
Gold Is Little Changed Amid Signs U.S. Inflation May Slow; Silver Climbs
(Bloomberg) -- Gold was little changed in New York on speculation the U.S. Federal Reserve won't have to raise interest rates after a report showed inflation may be abating. Silver climbed.
Higher rates often boost the value of the dollar and make holding gold less attractive because the metal has no fixed returns. Before today, gold was up 5 percent this year, while the dollar dropped 2.6 percent against the euro. Gold reached an 11-month high on April 20 as the euro headed to a record against the dollar a week later.
Read more at Bloomberg Commodities News
Higher rates often boost the value of the dollar and make holding gold less attractive because the metal has no fixed returns. Before today, gold was up 5 percent this year, while the dollar dropped 2.6 percent against the euro. Gold reached an 11-month high on April 20 as the euro headed to a record against the dollar a week later.
Read more at Bloomberg Commodities News
U.S. consumer confidence shows recovery in May-IBD
(Reuters) - A reading below 50 shows pessimism.
"Surging gasoline prices have garnered all the headlines," said Terry Jones, associate editor of Investor's Business Daily.
Read more at Reuters.com Economic News
"Surging gasoline prices have garnered all the headlines," said Terry Jones, associate editor of Investor's Business Daily.
Read more at Reuters.com Economic News
Acambis' smallpox vaccine meets main goal-FDA staff
(Reuters) - The document was released ahead of an FDA advisory panel scheduled for Thursday to discuss whether the agency should approve the product.
Read more at Reuters.com Government Filings News
Read more at Reuters.com Government Filings News
Central Europe Stocks Slump, Led by PKN, Lotos on Earnings; KGHM Drops
(Bloomberg) -- Central European shares slid, paced by PKN Orlen SA after the largest oil refiner in Poland reported earnings that were less than analysts estimated. Grupa Lotos SA also dropped after the second largest oil company in Poland said profits declined.
KGHM Polska Miedz SA, which mines more copper in Europe than any competitor, fell after the company reported a drop in consolidated earnings.
Read more at Bloomberg Stocks News
KGHM Polska Miedz SA, which mines more copper in Europe than any competitor, fell after the company reported a drop in consolidated earnings.
Read more at Bloomberg Stocks News
TJX 1st-qtr profit falls
(Reuters) - The company, whose chains include Marshalls, T.J. Maxx and HomeGoods, said net income for the first quarter that ended April 28 was $162.1 million, or 34 cents per share, compared with $163.8 million, or 34 cents per share, a year earlier.
Excluding the charge, the retailer earned 37 cents a share.
Read more at Reuters.com Market News
Excluding the charge, the retailer earned 37 cents a share.
Read more at Reuters.com Market News
Crude Oil Is Little Changed Amid Signs of U.S. Gasoline-Stockpile Increase
(Bloomberg) -- Crude oil was little changed in New York amid speculation that an Energy Department report will show that U.S. refineries bolstered gasoline production last week.
Gasoline stockpiles increased 1 million barrels in the week ended May 11, according to the median of responses by 14 analysts surveyed by Bloomberg News. It would be the second straight weekly gain. Refineries probably bolstered operating rates 0.8 percentage point, the survey showed. Refiners raise gasoline output in the run-up to the summer months when demand peaks.
Read more at Bloomberg Commodities News
Gasoline stockpiles increased 1 million barrels in the week ended May 11, according to the median of responses by 14 analysts surveyed by Bloomberg News. It would be the second straight weekly gain. Refineries probably bolstered operating rates 0.8 percentage point, the survey showed. Refiners raise gasoline output in the run-up to the summer months when demand peaks.
Read more at Bloomberg Commodities News
UPDATE 1-NY manufacturing jumps in May, prices mixed-NY Fed
(Reuters) - The New York Fed's "Empire State" general business conditions index jumped to 8.03 from 3.80 in April. Economists polled by Reuters had expected a reading of 8.0.
U.S. stock futures rose and government bonds also gained after the release, though this was mainly in reaction to tame consumer price inflation figures released at the same time.
Read more at Reuters.com Bonds News
U.S. stock futures rose and government bonds also gained after the release, though this was mainly in reaction to tame consumer price inflation figures released at the same time.
Read more at Reuters.com Bonds News
European Stocks Rebound After U.S. Prices Report; Daimler, Reuters Climb
(Bloomberg) -- European stocks recovered losses after a report showed prices paid by U.S. consumers rose less than forecast in April, suggesting inflation may be abating in the world's biggest economy.
DaimlerChrysler AG rallied after earnings at the carmaker exceeded analysts' expectations. Reuters Group Plc and Hanson Plc advanced after agreeing to be bought.
Read more at Bloomberg Stocks News
DaimlerChrysler AG rallied after earnings at the carmaker exceeded analysts' expectations. Reuters Group Plc and Hanson Plc advanced after agreeing to be bought.
Read more at Bloomberg Stocks News
RPT-N.Y. Fed manufacturing index rises in May
(Reuters) - The New York Fed's "Empire State" general business conditions index jumped to 8.03 from 3.80 in April. Economists polled by Reuters had expected a reading of 8.0.
The new orders component jumped to 8.02 from 3.94 in April, while the prices paid component fell to 34.44 from 40.48.
Read more at Reuters.com Economic News
The new orders component jumped to 8.02 from 3.94 in April, while the prices paid component fell to 34.44 from 40.48.
Read more at Reuters.com Economic News
Dollar steady before CPI, yen weak after Japan data
(Reuters) - High-yielding sterling hit a two-month low versus the euro after slowing inflation cooled UK rate hike expectations.
With all eyes on the U.S. data, the euro failed to gain from figures showing the euro zone economy grew an above-forecast 3.1 percent in the first quarter from the same period last year.
Read more at Reuters.com Hot Stocks News
With all eyes on the U.S. data, the euro failed to gain from figures showing the euro zone economy grew an above-forecast 3.1 percent in the first quarter from the same period last year.
Read more at Reuters.com Hot Stocks News
Nuances says to buy VoiceSignal for $293 mln
(Reuters) - It expected the deal to close in the fiscal fourth quarter.
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
Embraer says first-quarter profit falls
(Reuters) - Earnings before interest, tax, depreciation and amortization, a measure of cash flow known as EBITDA, fell to 91.4 million reais from 179 million reais in the first quarter of 2006.
Embraer, short for Empresa Brasileira de Aeronautica, is the world's fourth-largest commercial jet maker. It finished the first quarter with a firm order backlog of $15 billion, up from $10.4 billion a year earlier and $14.8 billion at the end of 2006.
Read more at Reuters.com Market News
Embraer, short for Empresa Brasileira de Aeronautica, is the world's fourth-largest commercial jet maker. It finished the first quarter with a firm order backlog of $15 billion, up from $10.4 billion a year earlier and $14.8 billion at the end of 2006.
Read more at Reuters.com Market News
US STOCKS-Futures drop on Home Depot; Wal-Mart, CPI eyed
(Reuters) - Weakness in Asian stocks overnight could also keep investors on the defensive.
Shares of Home Depot, the world's largest home improvement chain and a component of the Dow Jones industrial average, dropped 2 percent in electronic trading before the opening bell.
Read more at Reuters.com Bonds News
Shares of Home Depot, the world's largest home improvement chain and a component of the Dow Jones industrial average, dropped 2 percent in electronic trading before the opening bell.
Read more at Reuters.com Bonds News
S.Africa white maize exports rise/fall - SAGIS
(Reuters) - South Africa's biggest maize contract dropped by nearly the maximum trade limit on Tuesday, driven by a weaker U.S. market and a firmer trend in the rand since last week.
July white maize fell by 2.64 percent to 1,620 rand a tonne, reversing the previous session's gains.
Read more at Reuters Africa
July white maize fell by 2.64 percent to 1,620 rand a tonne, reversing the previous session's gains.
Read more at Reuters Africa
U.S. Two-Year Note Yields Hold Near Four Week High Before Inflation Report
(Bloomberg) -- The yield on two-year Treasury notes held near the highest in four weeks before a government report that is expected to show consumer prices rose last month, reducing the scope for the Federal Reserve to cut interest rates.
Treasuries fell after Federal Reserve Bank of Dallas President Richard Fisher said yesterday he expects growth to pick up in coming quarters. A report today will show so-called core inflation, which excludes volatile items such as food and energy, accelerated to 0.2 percent last month from 0.1 percent in March, according to a Bloomberg News survey of economists.
Read more at Bloomberg Bonds News
Treasuries fell after Federal Reserve Bank of Dallas President Richard Fisher said yesterday he expects growth to pick up in coming quarters. A report today will show so-called core inflation, which excludes volatile items such as food and energy, accelerated to 0.2 percent last month from 0.1 percent in March, according to a Bloomberg News survey of economists.
Read more at Bloomberg Bonds News
S.African retail shares slide on bad debt concerns
(Reuters) - Shares in South African retail stocks slipped on Tuesday as bad debt concerns raised by furniture retailer JD Group hit credit-heavy retailers such as rival Ellerines.
Furniture group Ellerines fell more than 5 percent in early trade, but recovered to trade 2.07 percent down at 85 rand.
Read more at Reuters Africa
Furniture group Ellerines fell more than 5 percent in early trade, but recovered to trade 2.07 percent down at 85 rand.
Read more at Reuters Africa
UPDATE 3-Hanson agrees $16 bln offer from HeidelbergCement
(Reuters) - FRANKFURT/LONDON, May 15 - Germany's HeidelbergCement AG to create the world's second-largest firm in construction materials.
The cash offer of 1,100 pence per share would be the biggest takeover in the sector and create the second-largest such firm by market capitalisation. The new firm will have revenues of around 15 billion euros and more than 70,000 employees, the two firms said in a statement on Tuesday.
Read more at Reuters.com Bonds News
The cash offer of 1,100 pence per share would be the biggest takeover in the sector and create the second-largest such firm by market capitalisation. The new firm will have revenues of around 15 billion euros and more than 70,000 employees, the two firms said in a statement on Tuesday.
Read more at Reuters.com Bonds News
BMW confirms to build next generation X3 in U.S.
(Reuters) - The move confirmed a German press report in the Tuesday edition of the Financial Times Deutschland.
Read more at Reuters.com Business News
Read more at Reuters.com Business News
Treasuries Advance as Fall in Asian Stocks Leads Investors to Seek Safety
(Bloomberg) -- U.S. 10-year notes rose for the first time in three days on signs that declines in Asian and European stocks fueled demand for the relative safety of government bonds.
Asian equities dropped after Japanese machinery orders unexpectedly fell and metal prices slumped. German, French and U.K. stocks opened weaker. Gains in Treasuries may be limited before a government report today that will probably show U.S. consumer prices rose in April for the fifth straight month.
Read more at Bloomberg Bonds News
Asian equities dropped after Japanese machinery orders unexpectedly fell and metal prices slumped. German, French and U.K. stocks opened weaker. Gains in Treasuries may be limited before a government report today that will probably show U.S. consumer prices rose in April for the fifth straight month.
Read more at Bloomberg Bonds News
French Stocks Drop, Led by EDF, Societe Generale and Valeo; Bouygues Gains
(Bloomberg) -- French stocks declined, led by Electricite de France SA, Societe Generale SA and Valeo SA. Bouygues SA gained.
The CAC 40 Index lost 15.66, or 0.3 percent, to 6010.76 at 9:15 a.m. in Paris. The SBF 120 Index also dropped 0.3 percent.
Read more at Bloomberg Stocks News
The CAC 40 Index lost 15.66, or 0.3 percent, to 6010.76 at 9:15 a.m. in Paris. The SBF 120 Index also dropped 0.3 percent.
Read more at Bloomberg Stocks News
Estonian Economy Grew 9.9 Percent in Quarter, Slowest Pace in Two Years
(Bloomberg) -- Estonia's economy expanded in the first quarter at its slowest pace in two years amid signs that consumer spending in the Baltic country is slowing.
Growth slowed to 9.9 percent from 10.9 percent in the previous three months and 11.7 percent in the same period of 2006, Tallinn-based Statistikaamet said in an e-mail, citing preliminary data. The statistics office said in its statement it sees signs of slowing growth in retail and transportation.
Read more at Bloomberg Emerging Markets News
Growth slowed to 9.9 percent from 10.9 percent in the previous three months and 11.7 percent in the same period of 2006, Tallinn-based Statistikaamet said in an e-mail, citing preliminary data. The statistics office said in its statement it sees signs of slowing growth in retail and transportation.
Read more at Bloomberg Emerging Markets News
Asian Equities Fall on Economic Growth Concern; Sony, BHP Billiton Slide
(Bloomberg) -- Asian stocks dropped after Japanese machinery orders unexpectedly fell and metals prices slumped.
Sony Corp., the world's second-largest consumer electronics maker, slumped the most in two months. BHP Billiton Ltd., the biggest mining company, dropped to a one-week low.
Read more at Bloomberg Stocks News
Sony Corp., the world's second-largest consumer electronics maker, slumped the most in two months. BHP Billiton Ltd., the biggest mining company, dropped to a one-week low.
Read more at Bloomberg Stocks News
Indonesian Economy Expands Near Fastest Pace in Two Years in First Quarter
(Bloomberg) -- Indonesia's economy expanded in the first quarter at close to the fastest pace in two years, as declining interest rates encouraged consumers and companies to boost spending.
Southeast Asia's largest economy grew 6 percent from a year earlier, after gaining 6.1 percent in the previous quarter and 5.5 percent in 2006, the Central Statistics Agency said today. That was more than the median 5.8 percent forecast in a Bloomberg News survey of 16 economists.
Read more at Bloomberg Emerging Markets News
Southeast Asia's largest economy grew 6 percent from a year earlier, after gaining 6.1 percent in the previous quarter and 5.5 percent in 2006, the Central Statistics Agency said today. That was more than the median 5.8 percent forecast in a Bloomberg News survey of 16 economists.
Read more at Bloomberg Emerging Markets News
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