Latest World Markets News
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Qihoo surges on upbeat Q1 results guidance
NEW YORK (MarketWatch) -- Shares of Qihoo 360 Technology [S: QIHU] traded 13% higher in premarket action Monday after the Chinese Internet company reported first-quarter earnings of 14 cents a share and revenue of $109.9 million, both ahead of Wall Street's forecasts. Qihoo, which provides security software, a Web browser and Internet search, said it expects second-quarter revenue of $142 ...
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Synovus Financial cut to sell at Goldman Sachs
terms of use . Historical and current end-of-day data provided by SIX Financial Information. Intraday data delayed per exchange requirements. S&P/Dow Jones Indices (SM) from Dow Jones & Company, Inc. All quotes are in local exchange time. Real time last sale data provided by NASDAQ. More information ...
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Chicago Fed national activity index falls in April
WASHINGTON (MarketWatch) -- The Chicago Fed's national activity index worsened in April, falling to negative 0.53 from negative 0.23 in March. The three-month moving average meanwhile was at negative 0.04 from negative 0.05 in March. The three-month average of the index, which is a weighted average of 85 different economic indicators, is designed so that a zero reading equals trend growth ...
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Yahoo says it will acquire Tumblr for $1.1B
-0.23% said on Monday it will acquire Tumblr for around $1.1 billion. "Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business," Yahoo said in a statement released Monday. David Karp will remain CEO of Tumblr. The Wall Street Journal and other media had reported over the weekend that Yahoo had agreed to buy Tumblr. Tumblr has ...
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Campbell earnings rise on ready-made soup sales
-0.46% reported its third-quarter profit rose to $181 million, or 57 cents a share, from $177 million, or 55 cents a share, a year earlier. Adjusted earnings per share were at 62 cents per share, compared with 56 cents per share a year earlier. Revenue rose to $2.09 billion, from $1.82 billion a year earlier, the food company said Monday. Analysts had expected earnings of 56 cents a share on ...
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Feds Fisher wants to slow pace of MBS purchases
WASHINGTON (MarketWatch) - The Federal Reserve can only slow the pace of its mortgage-backed securities, as a sudden stop would be "too violent" for the market, said Richard Fisher, the president of the Dallas Federal Reserve Bank on Monday. The Fed is buying $85 billion of Treasury and MBS per month. In an interview on CNBC, Fisher said he would have voted to start tapering the ...
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Chesapeake Energy names Anadarkos Lawler as CEO
+1.91% named Robert Douglas Lawler chief executive officer effective June 17, the company said Monday. News of Lawler's selection was reported earlier Monday ...
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Nigerias AMCON to retire 2 trln naira of bonds in 2013 and 2014
LAGOS | Mon May 20, 2013 8:41am EDT LAGOS May 20 (Reuters) - Nigeria's state-owned AMCON plans to retire 2 trillion naira worth of its 5.7 trillion naira of bonds this year and next from bad loan recoveries and refinance what's left with the central bank, the "bad bank" said on Monday. Asset Management Company of Nigeria (AMCON) said it had made "great progress" ...
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Actavis To Acquire Warner Chilcott In $8.5 Bln Stock-for-Stock Deal
Quote ) Monday announced a definitive agreement for Actavis to acquire Warner Chilcott in a stock-for-stock transaction valued at $8.5 billion to create a leading global specialty pharmaceutical company.Media reports had indicated last week that Parsippany, New Jersey-based Actavis spurned a $15 billion cash and stock acquisition offer from rival Mylan, Inc. (MYL), and instead decided to pursue ...
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JPMorgan shareholders ready to grill the board
Dimon's day of reckoning but shareholders are hoping to also get a chance to grill the board . "The board needs to show us that they are more than just a rubber stamp on what Jamie Dimon wants," said Michael Mayo, a bank analyst at CLSA. "Shareholders have one chance each year to ask them questions." Critics say that the board failed to properly monitor risk-taking ...
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Danone looks to milk China demand surge
Danone has struck two deals with the China Mengniu Dairy Company in a bid to take advantage of surging demand for internationally-branded milk and ...
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RPT-Fitch Affirms Derby Healthcares GBP446.6m Bonds at BBB Outlook Stable
Mon May 20, 2013 8:05am EDT May 20 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Derby Healthcare PLC's (DHC) GBP446.6m bonds, maturing in 2041, at 'BBB'. The Outlook is Stable. The affirmation reflects the stable operational performance to date. DHC benefits from a strong pass-through of concession risks to a group of ...
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Premarket World markets steady as investors weigh next Fed move
People under umbrellas walk by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (Koji ...
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Wall Street Turns Cautious As It Awaits Fresh Catalysts
Trading in the major U.S. index futures suggest a cautious start by Wall Street stocks on Monday following their record run in the previous weeks. Earlier in the global trading day, armed with optimism concerning the ...
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GE to get $11 bln in dividend payments from GECC
+0.82% $6.5 billion in dividends and another $4.5 billion in special dividends in 2013, GE announced Monday. The payments, which are subject to GECC Board and GE Board Risk Committee approvals, are planned at 30% of GECC's total 2013 earnings. "This announcement is consistent with our goal to reduce the overall size of GE Capital and for it to return significant cash to GE," said ...
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Fitch Rates Ukrsotsbanks Upcoming UAH Bonds B+RR4
California's Fiscally Disciplined Budget Positive Fitch Ratings views California's fiscal 2014 budget as continuing the disciplined approach to fiscal management shown by the state in recent years. California's economic outlook cautiously forecasts that the expiration of the federal payroll tax holiday and federal sequestration cuts will have a modestly negative impact on ...
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Dar Al Arkan plans dollar-denominated Islamic bonds
Islamic bonds to fund projects and said the issue would be the first of a series of sales over the next 12 months. The Riyadh-based company appointed Bank Al Khair, Goldman Sachs, Deutsche Bank, Emirates NBD Capital, Masraf Al Rayan and Qinvest to manage the issue, it said in a statement to the Saudi bourse on Monday. Dar Al Arkan plans to sell benchmark-sized, five-year notes that may be ...
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Eurozone crisis live Global markets hit five-year high
climbed to levels not seen since the start of the financial crisis over five and a half-years ago. Investors are increasingly cheered by signs that the global economy is recovering. The Japanese Cabinet office helped this latest outbreak of bullishness by predicting overnight that the Japanese economy is picking up slowly. In its new monthly report, it ...
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Chesapeake chooses Anadarko exec Lawler as CEO
Aubrey McClendon , who was ousted from the second-biggest natural-gas producer in the U.S. in April. Petroleum engineer Lawler was senior vice president of international and deep-water operations at ...
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European investors remain cautious over equities
The financial crisis has changed the attitudes and practices of European institutional investors with a notable shift away from equities and towards fixed income and cash, according to a survey supported by Invesco. The 2009 European Institutional Asset Management ...
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Vodacom sees data surge
Data provides a better growth opportunity than voice, says Vodacom CFO Ivan Dittrich. JSE-listed Vodacom sees data offering superior growth opportunities in the future, as the use of voice slows and will need to be offset by data gains, which offers higher margins. The company this morning reported its results for the year to March and said group revenue gained 4.5%, to R70billion. However, ...
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U.S. stocks Yahoo in focus on deal talk
U.S. investors were unwilling to make big bets early Monday after four weeks of stock market gains, but Yahoo could stir things up later with news of a deal to buy blogging site ...
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Teslas fight with Americas car dealers
Tesla Motors doesn't want to sell its cars the way every other car company does, and that's making a lot of traditional automobile dealers mad. And those dealers are fighting ...
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Vodacom pumps billions into infrastructure
Vodacom's almost R10 billion capital spending in the past year has aided its margins, despite comprehensive price reductions, says CEO Shameel Joosub. Vodacom, SA's largest cellphone company, with about half the market, has invested R9.5billion across all its operations in the past year alone, taking the total spending in the last five years to R38billion. The group this morning ...
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Yahoo to acquire Tumblr
Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1billion in cash, the Wall Street Journal cited people familiar with the matter as saying on Sunday. Such an acquisition would be Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. Yahoo is keen on fast-growing Tumblr because its younger user ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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