(Reuters) - A Goldman Sachs spokesman was not immediately available for
comment.
Read more at Reuters.com Bonds News
comment.
Read more at Reuters.com Bonds News
Friday, 27 July 2007
UPDATE 1-Mexico's ICA 2nd-qtr net profit down 16 pct
(Reuters) - ICA said on Friday its April-June net
profit was 114 million pesos versus 135 million
pesos a year earlier.
Revenue was 5.478 billion pesos, down 6 percent from the
year-ago period.
Read more at Reuters.com Market News
profit was 114 million pesos versus 135 million
pesos a year earlier.
Revenue was 5.478 billion pesos, down 6 percent from the
year-ago period.
Read more at Reuters.com Market News
Mexico's Femsa posts 19 pct rise in 2nd-qtr net
(Reuters) - Its quarterly revenue rose 7.4 percent to 36.006 billion
pesos.
Read more at Reuters.com Market News
pesos.
Read more at Reuters.com Market News
Emerging debt-Market still cautious after Black Thursday
(Reuters) - Prices were volatile as investors mulled how much lower the
bond market can go after it erased all of its 2007 gains on
Thursday, ending the session with losses of more than 1 percent
for the year.
A recovery started to gain speed early afternoon, with the
benchmark Brazilian global 2040 bond rising as
much as 1.5 points in price, but subprime-related fears
returned to the market by the end of the day.
Read more at Reuters.com Bonds News
bond market can go after it erased all of its 2007 gains on
Thursday, ending the session with losses of more than 1 percent
for the year.
A recovery started to gain speed early afternoon, with the
benchmark Brazilian global 2040 bond
much as 1.5 points in price, but subprime-related fears
returned to the market by the end of the day.
Read more at Reuters.com Bonds News
FTSE sags as credit jitters persist; property shows gains
(Reuters) - The FTSE 100 index of Britain's leading shares reversed earlier gains in choppy trade on Friday although real estate stocks lent support despite concerns over U.S. credit risks and rising interest rates.
At 1114 GMT, the UK's main index was 16.1 points, or 0.3 percent, lower at 6,235.1, but had pulled away from near four-month lows, with investors still wary that U.S. subprime lending concerns could spread into other areas of the economy.
Read more at Reuters Africa
At 1114 GMT, the UK's main index was 16.1 points, or 0.3 percent, lower at 6,235.1, but had pulled away from near four-month lows, with investors still wary that U.S. subprime lending concerns could spread into other areas of the economy.
Read more at Reuters Africa
TransCanada second-quarter profit drops
(Reuters) - The company, the country's biggest pipeline firm and an
owner of power stations in Canada and the United States, said
net income was C$257 million , up from C$244
million. Earnings per share slipped to 48 Canadian cents a
share from 50 Canadian cents.
Read more at Reuters.com Market News
owner of power stations in Canada and the United States, said
net income was C$257 million , up from C$244
million. Earnings per share slipped to 48 Canadian cents a
share from 50 Canadian cents.
Read more at Reuters.com Market News
J.P. Morgan's Skattum to join TPG-sources
(Reuters) - Morgan on Thursday named Larry Slaughter and Hernan
Cristerna as co-heads of M&A for Europe, the Middle East and
Africa.
Morgan and TPG both declined to comment on Skattum's
destination.
Read more at Reuters.com Mergers News
Cristerna as co-heads of M&A for Europe, the Middle East and
Africa.
Morgan and TPG both declined to comment on Skattum's
destination.
Read more at Reuters.com Mergers News
TREASURIES-Bonds up but volatile stocks hold key
(Reuters) - A government report showed the U.S. economy grew at a
stronger-than-expected annual rate of 3.4 percent in the second
quarter, rebounding from a dismal start to the year.
The data's inflation gauge plunged, indicating that the
Federal Reserve now has more leeway if it needs to cut
benchmark interest rates in the second half of this year.
Read more at Reuters.com Bonds News
stronger-than-expected annual rate of 3.4 percent in the second
quarter, rebounding from a dismal start to the year.
The data's inflation gauge plunged, indicating that the
Federal Reserve now has more leeway if it needs to cut
benchmark interest rates in the second half of this year.
Read more at Reuters.com Bonds News
Treasuries Gain as Housing Slump Prompts Investors to Flee Riskier Assets
(Bloomberg) -- Treasuries rose, adding to the
biggest weekly gain in more than two years, as concern the slump
in U.S. housing is prompting investors to flee riskier assets.
Benchmark 10-year notes increased for a fourth day as the
risk of owning corporate bonds soared to a record.
Read more at Bloomberg Bonds News
biggest weekly gain in more than two years, as concern the slump
in U.S. housing is prompting investors to flee riskier assets.
Benchmark 10-year notes increased for a fourth day as the
risk of owning corporate bonds soared to a record.
Read more at Bloomberg Bonds News
UPDATE 1-Clear Channel Outdoor quarterly profit rises
(Reuters) - The San Antonio, Texas, company posted second-quarter net
profit of $68.6 million, or 19 cents per share, up from $48.0
million, or 14 cents per share, a year earlier.
Revenue rose 12 percent to $836.7 million, including $29
million in foreign exchange gains. Revenue growth excluding
those gains would have been 8 percent.
Read more at Reuters.com Market News
profit of $68.6 million, or 19 cents per share, up from $48.0
million, or 14 cents per share, a year earlier.
Revenue rose 12 percent to $836.7 million, including $29
million in foreign exchange gains. Revenue growth excluding
those gains would have been 8 percent.
Read more at Reuters.com Market News
Dollar Rises to Two-Week High Versus Euro as Investors Move Away From Risk
(Bloomberg) -- The dollar rose to a two-week high
against the euro as U.S. investors shunned riskier assets and
repatriated money.
The U.S. currency advanced against 14 of the 16 most
actively traded currencies. Stock futures declined amid concern
subprime mortgage losses may spread.
Read more at Bloomberg Currencies News
against the euro as U.S. investors shunned riskier assets and
repatriated money.
The U.S. currency advanced against 14 of the 16 most
actively traded currencies. Stock futures declined amid concern
subprime mortgage losses may spread.
Read more at Bloomberg Currencies News
Food safety crucial to China's reputation: premier
(Reuters) - It was crucial to win over the international market with good-quality exports, Wen added.
Chinese exports of everything from fish to toys, pet food to toothpaste, have been found in recent months to be mislabeled, unsafe or dangerously contaminated, creating an international backlash.
Read more at Reuters.com Business News
Chinese exports of everything from fish to toys, pet food to toothpaste, have been found in recent months to be mislabeled, unsafe or dangerously contaminated, creating an international backlash.
Read more at Reuters.com Business News
Sepracor second-quarter net falls, sales miss view
(Reuters) - The Marlborough, Massachusetts-based drug company said net profit was $6.1 million, or 5 cents per diluted share, compared with $11.0 million, or 10 cents per diluted share, a year ago.
Revenue rose to $278.1 million from $264.4 million. Analysts, on average, expected revenue of $327.2 million.
Read more at Reuters.com Market News
Revenue rose to $278.1 million from $264.4 million. Analysts, on average, expected revenue of $327.2 million.
Read more at Reuters.com Market News
Siemens declines comment on Atos bid report
(Reuters) - The report on the website of French magazine Capital said
Siemens may offer 56 euros per share for Atos.
Shares in Atos, which has frequently been the subject of bid
speculation, were up 1.3 percent at 45.14 euros in early
afternoon trade.
Read more at Reuters.com Mergers News
Siemens may offer 56 euros per share for Atos.
Shares in Atos, which has frequently been the subject of bid
speculation, were up 1.3 percent at 45.14 euros in early
afternoon trade.
Read more at Reuters.com Mergers News
Yen for Titanium Roofs on Japan Temples Fuels Preservationist Backlash
(Bloomberg) -- Monks at the Sensoji Buddhist temple
in Tokyo, the city's oldest site of worship, are ditching
tradition to the consternation of preservationists.
The priests used eight tons of titanium to replace the
traditional clay-tile roof on their compound's two-story gate in
May. Now they are considering using the lightweight metal, a
favorite of aircraft and golf-club makers, to top the main
pavilion, says Minoru Shimada, a Sensoji spokesman.
Read more at Bloomberg Exclusive News
in Tokyo, the city's oldest site of worship, are ditching
tradition to the consternation of preservationists.
The priests used eight tons of titanium to replace the
traditional clay-tile roof on their compound's two-story gate in
May. Now they are considering using the lightweight metal, a
favorite of aircraft and golf-club makers, to top the main
pavilion, says Minoru Shimada, a Sensoji spokesman.
Read more at Bloomberg Exclusive News
Entropic Communications files for $100 million IPO
(Reuters) - Entropic plans to list its stock on the Nasdaq under the
symbol "ENTR" , the filing said.
Read more at Reuters.com Government Filings News
symbol "ENTR" , the filing said.
Read more at Reuters.com Government Filings News
Wolfgang Bernhard to become Chrysler chairman-WSJ
(Reuters) - Cerberus and Chrysler were not immediately available for
comment.
Daimler Chrysler AG and Cerberus said
this week they were confident that the landmark $7.4 billion
buyout would close as planned this quarter, despite the
postponement of a $12 billion syndicated loan to finance the
transaction.
Read more at Reuters.com Mergers News
comment.
Daimler Chrysler AG and Cerberus said
this week they were confident that the landmark $7.4 billion
buyout would close as planned this quarter, despite the
postponement of a $12 billion syndicated loan to finance the
transaction.
Read more at Reuters.com Mergers News
S.Africa petrol prices to fall by 15 cents - government
(Reuters) - South Africa's petrol prices will fall by 15 cents a litre across all grades from August 1, the government said on Friday.
A statement from the minerals and energy department said the most-used 95 grade would drop to 7.01 rand a litre in the central Gauteng province, which includes the financial hub Johannesburg.
Read more at Reuters Africa
A statement from the minerals and energy department said the most-used 95 grade would drop to 7.01 rand a litre in the central Gauteng province, which includes the financial hub Johannesburg.
Read more at Reuters Africa
Platinum Rises in London on Speculation Yen Gain Will Spur Demand in Japan
(Bloomberg) -- Platinum rose in London on
speculation gains in the yen against the dollar will spur
investor demand in Japan. Palladium declined.
The Japanese yen headed for the biggest weekly advance
against the dollar in almost five months. Platinum traded in
dollars has climbed 16 percent this year, partly on speculation
wage talks will end in a strike in South Africa, the world's
biggest supplier of the metal used in jewelry and car parts.
Read more at Bloomberg Commodities News
speculation gains in the yen against the dollar will spur
investor demand in Japan. Palladium declined.
The Japanese yen headed for the biggest weekly advance
against the dollar in almost five months. Platinum traded in
dollars has climbed 16 percent this year, partly on speculation
wage talks will end in a strike in South Africa, the world's
biggest supplier of the metal used in jewelry and car parts.
Read more at Bloomberg Commodities News
U.S. Stock-Index Futures Gain; Amgen, Ford Motor Shares Advance in Europe
(Bloomberg) -- U.S. stock-index futures rose,
rebounding from a rout that wiped out $1.3 trillion in global
market value yesterday and sent the Standard & Poor's 500 Index
to its biggest drop in five months.
Amgen Inc., the world's largest biotechnology company,
climbed in Europe after the company reported earnings that beat
analysts' estimates. Ford Motor Co. shares also gained.
Read more at Bloomberg Stocks News
rebounding from a rout that wiped out $1.3 trillion in global
market value yesterday and sent the Standard & Poor's 500 Index
to its biggest drop in five months.
Amgen Inc., the world's largest biotechnology company,
climbed in Europe after the company reported earnings that beat
analysts' estimates. Ford Motor Co. shares also gained.
Read more at Bloomberg Stocks News
Malaysia Palm Oil Gains on Outlook for Increased Demand Before Festivals
(Bloomberg) -- Palm oil futures in Malaysia, the
benchmark for the commodity, rose for a second day on the outlook
for increased demand before the Chinese mid-autumn harvest
festival and the Muslim holy month of Ramadan.
The harvest festival, when baked foods are traditionally
eaten, is celebrated by Chinese people around Asia. Muslims, who
fast for a month between dawn and sunset from mid-September,
often consume fried foods during non-fasting hours. Palm oil is
mostly used as cooking oil, in margarine and shortening, and in
food products, especially baked goods and snacks.
Read more at Bloomberg Commodities News
benchmark for the commodity, rose for a second day on the outlook
for increased demand before the Chinese mid-autumn harvest
festival and the Muslim holy month of Ramadan.
The harvest festival, when baked foods are traditionally
eaten, is celebrated by Chinese people around Asia. Muslims, who
fast for a month between dawn and sunset from mid-September,
often consume fried foods during non-fasting hours. Palm oil is
mostly used as cooking oil, in margarine and shortening, and in
food products, especially baked goods and snacks.
Read more at Bloomberg Commodities News
UPDATE 1-Baker Hughes says Q2 profit slips, cites Canada
(Reuters) - Profit in the second quarter was $349.6 million, or $1.09
per diluted share, compared with $359.8 million, or $1.07 per
diluted share in the same period a year earlier.
Analysts on average had forecast a profit of $1.11 a share.
Since the quarter's results included about 3 cents per share in
tax-related items, the company beat Wall Street forecasts by 1
cent, according to Reuters Estimates.
Read more at Reuters.com Market News
per diluted share, compared with $359.8 million, or $1.07 per
diluted share in the same period a year earlier.
Analysts on average had forecast a profit of $1.11 a share.
Since the quarter's results included about 3 cents per share in
tax-related items, the company beat Wall Street forecasts by 1
cent, according to Reuters Estimates.
Read more at Reuters.com Market News
Cadbury delays drinks sale amid market turmoil
(Reuters) - Cadbury, the world's biggest confectionery group, said in a statement that the sale process for its North American beverage business is ongoing, and that interest remains strong.
"However, the leveraged debt markets have experienced extreme volatility in recent days. As a result, a decision has been taken to extend the sale timetable to allow bidders to complete their proposals against a more stable debt financing market," the group said in a statement.
Read more at Reuters.com Bonds News
"However, the leveraged debt markets have experienced extreme volatility in recent days. As a result, a decision has been taken to extend the sale timetable to allow bidders to complete their proposals against a more stable debt financing market," the group said in a statement.
Read more at Reuters.com Bonds News
Reuters says no Thomson-related disposals planned
(Reuters) - Glocer said initial discussions with regulators had been
very constructive, adding that "nobody is talking about
divestitures at the moment and we are not planning any.
Glocer said he expects the deal to complete in the fourth
quarter of 2007 or the first quarter of next year.
Read more at Reuters.com Mergers News
very constructive, adding that "nobody is talking about
divestitures at the moment and we are not planning any.
Glocer said he expects the deal to complete in the fourth
quarter of 2007 or the first quarter of next year.
Read more at Reuters.com Mergers News
Angola aims to make port a hub for southern Africa
(Reuters) - Angola is modernising its port in Luanda in a bid to relieve congestion for oil tankers and other ships and hopes to develop it into a regional hub for other African nations, its transport minister said on Thursday.
"The government's ambition is to transform the port of Luanda into a regional harbour that can respond not only to the economic needs of our country but to help neighbouring countries too," Minister Andre Luis Brandao told Reuters.
Read more at Reuters Africa
"The government's ambition is to transform the port of Luanda into a regional harbour that can respond not only to the economic needs of our country but to help neighbouring countries too," Minister Andre Luis Brandao told Reuters.
Read more at Reuters Africa
Spanish Realtor Colonial Doubles Loan Interest Margin on $9 Billion Debt
(Bloomberg) -- Inmobiliaria Colonial SA, Spain's
second-biggest realtor, almost doubled the interest premium
offered to lenders to compensate for the risk that Spain's 12-
year property boom may be over.
Colonial will pay as much as 3.5 percentage points over
benchmark rates on 6.5 billion euros ($9 billion) of loans, Chief
Executive Officer Mariano Miguel said. Underwriters led by
Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc
increased the interest premium after failing to attract enough
investors at an initial margin of 1.25 percentage points.
Read more at Bloomberg Bonds News
second-biggest realtor, almost doubled the interest premium
offered to lenders to compensate for the risk that Spain's 12-
year property boom may be over.
Colonial will pay as much as 3.5 percentage points over
benchmark rates on 6.5 billion euros ($9 billion) of loans, Chief
Executive Officer Mariano Miguel said. Underwriters led by
Goldman Sachs Group Inc. and Royal Bank of Scotland Group Plc
increased the interest premium after failing to attract enough
investors at an initial margin of 1.25 percentage points.
Read more at Bloomberg Bonds News
UPDATE 1-Infineon misses Q3 EBIT forecasts, sees improvement
(Reuters) - Infineon's communications, automotive and industrial chip
divisions performed broadly in line with expectations but the
overall figure for earnings before interest and tax was
hurt by corporate charges totalling 32 million euros.
Sales at Infineon's core business, excluding memory-chip
unit Qimonda , rose 3 percent in the quarter to end-June
over the previous quarter to 1.011 billion euros, in line with
forecasts. Infineon said they would rise further this quarter.
Read more at Reuters.com Market News
divisions performed broadly in line with expectations but the
overall figure for earnings before interest and tax was
hurt by corporate charges totalling 32 million euros.
Sales at Infineon's core business, excluding memory-chip
unit Qimonda , rose 3 percent in the quarter to end-June
over the previous quarter to 1.011 billion euros, in line with
forecasts. Infineon said they would rise further this quarter.
Read more at Reuters.com Market News
RPT-Solvay Q2 REBIT falls 4 pct, below forecasts
(Reuters) - Sales rose by 2 percent to 2.44 billion euros, compared with
the average forecast of 2.42 billion euros.
Read more at Reuters.com Market News
the average forecast of 2.42 billion euros.
Read more at Reuters.com Market News
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