Latest World Markets News
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Ackman wins PG dumps CEO
The nation's largest consumer products company -- the maker of iconic products such as Tide, Pampers, Crest, Duracell and Pepto-Bismol -- announced late Thursday that McDonald, 59, is leaving the company effective immediately. A.G. Lafley, 66, who served as CEO from 2000 through 2009, returns to be both CEO and ...
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Sears stock slides 12 in premarket trade
-0.34% plunged 12.4% in light premarket trading Friday after the company reported a first-quarter loss Thursday. The stock had been up 41% on the year, but fell 13% after the retailer reported earnings following the market close on Thursday. Sears reported a first-quarter loss per share of $2.63, compared with earnings per share of $1.78 a year ...
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Abercrombie shares slide after earnings disappoint
+0.48% reported a first-quarter loss of $7.2 million, or $0.09 a share, narrower than the loss of $21.3 million, or $0.25 a share, a year earlier. Revenue fell 9% to $838.8 million, from $921.2 million a year earlier, the retailer said Friday. Analysts had expected a loss of $0.05 a share on revenue of $938 million, according to FactSet. The retailer said it expects second-quarter EPS of $0.28 ...
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Gold retreats from one-week high
LONDON (MarketWatch) -- Gold futures slipped on Friday, retreating from the highest level in a week reached in the prior day's trade, when a softer dollar and drops in global equities supported the metal. Gold for August ...
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Foot Locker first-quarter profit revenue rise
-0.42% said its first-quarter profit rose to $138 million, or 90 cents a share, from $128 million, or 83 cents a share, in the year-ago quarter. Adjusted per-share earnings rose to 91 cents from 83 cents a year earlier. Revenue rose 3.8% to $1.64 billion from $1.58 billion a year earlier, the shoe retailer said Friday. Analysts had expected earnings of 89 cents a share on revenue of $1.63 ...
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Indias cbank did not buy or sell bonds via OMOs in week to May 17
MUMBAI | Fri May 24, 2013 7:34am EDT MUMBAI May 24 (Reuters) - The Reserve Bank of India did not buy or sell any debt in the week to May 17 through outright open market operations (OMOs), it said in a statement on Friday. The central bank bought 96.58 billion rupees ($1.7 billion) of bonds through outright OMOs in the previous week but did not sell any bonds in that week. ($1=55.7 ...
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China to issue 26b yuan in two-year T-bonds
The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ...
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Doomsday investors betting on market crash
Universa Investments, which spends hundreds of millions of dollars a year buying crash protection, has attracted a record amount of money into its fund this ...
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How could rising interest rates affect student loans
The debt crisis among college students and recent grads could get worse as they encounter a new threat: It's possible that interest rates on student loans will climb under a new bill passed by the House on Thursday, The Wall Street Journal's Market Watch reports. The bill ties student loan interest rates to the financial markets, and experts say the low-interest rate environment ...
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GLOBAL MARKETS-Shares steady but stimulus fears still present
Fri May 24, 2013 6:38am EDT * World shares attempt tentative recovery * Fed officials try to reassure on stimulus timing * Euro gains as better Ifo makes ECB easing less likely By Richard Hubbard LONDON, May 24 (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank ...
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Poor hit hardest by U.S. budget cuts
As the sequester continues, the poor, sick and elderly are taking a deeper hit from federal spending cuts with less money going to programs like Meals on ...
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Delays at Heathrow after emergency landing
NEW: Heathrow Airport warns of travel disruption, with flights canceled and diverted One runway remains closed after the emergency landing at London Heathrow airport British Airways says the plane, bound for Oslo, had to turn back because of a technical fault The Airbus A319 aircraft was carrying 75 passengers; 3 treated for minor ...
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The chicken poop credit and other bad tax breaks
The tax code has plenty of loopholes that businesses can take advantage of, including one for chicken farms already required to dispose of chicken waste in ways that don't pollute ...
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Stocks Calm returns as holiday beckons
The Nikkei had a rocky Friday but managed to edge up by 0.9% at the close. "In Tokyo we've seen an attempt at a recovery," said Nick Beecroft, senior market analyst at Saxo Capital Markets. "That's a pretty normal profile for market action in a correction such as this." U.S. stocks closed slightly lower Thursday ...
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Heathrow closes runways after BA plane-engine fire
LONDON (MarketWatch) -- Two runways at Heathrow Airport have been closed Friday after a British Airways plane had to make an emergency landing, according to media reports. The plane's engine caught fire just after takeoff at around 9.00 a.m. London time on the BA762 flight to Oslo. The airline said all crew and 75 passengers on the Airbus A319 were evacuated safely. Heathrow Airport has ...
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Feds Bullard sees no surprise in Japan swings
LONDON (MarketWatch) -- The big swings in Japan's stock and bond markets is not surprising, given the Japanese government's aggressive monetary stimulus program, St. Louis Federal Reserve Chairman James Bullard said Friday. "It is a big moment for Japan," Bullard ...
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The European currencies and yen open on a relatively firm tone
The appetite for risk is mixed ahead of the US open after improving in the second half of Thursday. Now that the market had a chance to analyze Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June and saw Germany's good Ifo report, volatility must subside. But it persisted for the Nikkei 225. The European currencies and yen open on a ...
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China vows to liberalise interest rates
yuan currency more responsive to market forces and more convertible this year, the government said on Friday. China will draft plans on a deposit insurance system and quicken the development of private financial institutions, according to guidelines on reforms for 2013 drafted by the National and Development and Reform Commission ...
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Telkom misses out after Vodacom
Telkom was set to compete more aggressively after unbundling Vodacom, then CEO Reuben September wrote in the 2009 annual report. In the five years since Telkom unbundled its 50% stake in Vodacom - which it did in a bid to be more competitive as it could not expand in Africa - it has seen revenue from its traditional operations fall, its share price plummet, and billons lost in dividends. ...
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Icahn seeks $7bn for Dell bid
Activist investor Carl Icahn and Southeastern Asset Management have initiated talks with banks and asset managers to line up commitments for as much as $7billion in bridge loans to back their leveraged recapitalisation proposal for Dell, banking sources told Thomson Reuters yesterday. Jefferies & Co is leading the ...
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Google considers Waze purchase
Google is considering buying Israeli mobile satellite navigation start-up Waze, which may lead to a bidding war with Facebook, Bloomberg news reported, citing people familiar with the matter. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties, said Bloomberg, citing a ...
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Clarity report architecture and engineering industry
Each year, Deltek releases one of the world's most sought-after A/E research reports, solidifying Deltek's position as the leader in industry knowledge. This year, with a comprehensive outlook of how today's A/E firms are ...
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Make empowered business decisions with Commercial Credit Information
Aristotle Onassis, prominent Greek shipping magnate, once said: "The secret of business is to know something that nobody else knows." At Compuscan, we share this sentiment and continuously seek to uplift our client's businesses by equipping them with valuable knowledge and vital insights. It is our goal not only to support our clients with the most advanced software and accurate ...
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Economic challenges offset global equities rally
Economic challenges in Investec’s main markets would partly offset a rally in global equities, the owner of a bank and a money manager in South Africa and the UK said yesterday after reporting that full-year profit rose 28 ...
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US retailer bonds fall behind as shoppers spend less
Bonds of US retailers from Target to Wal-Mart Stores are posting their worst losses since 2006 amid smaller consumer income and slowing growth in the US economy, even as the broader corporate debt market generates ...
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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