Latest World Markets News
RSS-
Fitch Affirms Derby Healthcares GBP446.6m Bonds at BBB Outlook Stable
Slow Progress on GAAP and IFRS Convergence; Optionality for Impairments Increases Significant differences will remain between the GAAP and IFRS accounting standards in 2013, although cooperation and progress continues on some remaining joint projects, according to Fitch Ratings. The pipeline of new standards promises increasing commonality between the two platforms over coming years. Progress ...
-
Qatars Doha Bank may sell bonds to raise capital - CEO
Tue May 21, 2013 7:06am EDT * CEO says has multiple options for capital raise * Bank focused on regional growth currently * Gulf banks have sold Tier 1 bonds in recent months By David French DUBAI, May 21 (Reuters) - Qatar's Doha Bank could issue a capital-boosting bond instead of shares as planned, although it was evaluating the best route to help raise core capital, its chief executive ...
-
AL Indigo liquidation averted
Gijima will not need to put African Legend Indigo into liquidation if it continues paying off its debt, says Gijima CFO Carlos Ferreira. African Legend Indigo came close to being placed under liquidation, after it failed to honour a two-year-old deal to pay over money to JSE-listed Gijima, but has since reached a settlement. AL Indigo sold the South African arm of BMC Business Service ...
More World Markets News
RSS-
Apple set for tax grilling in Washington
Apple executives are set to defend the company's tax practices and call for corporate tax reform on Capitol Hill Tuesday amid harsh criticism following a Senate ...
-
The merger you didnt hear about Monday
You like me. You really, really like me. Why we're paying attention to the wrong deal. FORTUNE -- By now I'm sure you've heard about today's big merger news: Actavis ...
-
Stocks Apple and Carnival may make waves
A report released Monday by Senators John McCain and Carl Levin criticized Apple for its use of obscure subsidiaries and accounting tactics to reduce its tax burden. Retailers are also in the spotlight, with results due before the opening bell ...
-
TABLE-Indonesia sells 9.35 trln rupiah of bonds yields up
JAKARTA, May 21 (Reuters) - Indonesian government raised 9.35 trillion rupiah ($958.24 million) at an auction on Tuesday, above an initial target of 8 trillion rupiah with most yields rising from the previous auction, the finance ministry's debt office said. Yields of 1-year T-bill, 15-year bond and 20-year bond were higher than the May 6 auction. The highest bid-to-cover ratio was 1.67 for ...
-
Pinnacle buys into racking
Buying Precision ICT should aid Pinnacle's growth imperatives, says CEO Arnold Fourie. JSE-listed Pinnacle Technology Holdings has bought Precision ICT and Modrac with effect from June, for an undisclosed amount, in a bid to bolster its presence in the racking space. Precision ICT is an engineering company focused on the design, manufacture and assembly of electronic enclosures and ...
-
GLOBAL MARKETS-Dollar firms before Bernanke inflation dip hits sterling
* Dollar index firmer, but down from near 3-year high * Yen dips after minister says seeks 'balance' for currency * European shares fall on fears Fed may scale back stimulus By Marc Jones LONDON, May 21 (Reuters) - The dollar firmed, gold fell and shares slipped off five-year highs on Tuesday as investors postioned for an update on the future of the U.S. Federal Reserve's stimulus ...
-
Europe stocks pause for breath Carnival sinks
LONDON (MarketWatch) -- European stock markets nudged lower in early trade on Tuesday, taking a breather after climbing to multiyear highs in the prior day's session. The Stoxx Europe 600 ...
-
Aust bonds prices weaker
Australian bond futures prices are lower as traders wait for key events over the next fortnight. Nomura head of fixed income Jon Linton said it had been a quiet trading session, though futures prices weakened as the market prepared for an announcement regarding Australian government bonds. The Australian Office of Financial Management will announce the price of its new April 2025 bond on ...
-
GLOBAL MARKETS-Dollar firms as Fed suspense builds shares off highs
Tue May 21, 2013 3:38am EDT * Dollar index firmer, but down from near 3-year high * European shares open 0.3 percent lower after recent highs * Gold steadies By Marc Jones LONDON, May 21 (Reuters) - The dollar edged higher, gold steadied and European shares remained near five-year highs on Tuesday as investors wait to see if the U.S. Federal Reserve will give any signal on the future of its ...
-
US equities are hovering around all-time highs
calm session overnight with comments from the Fed's Evans as the only market relevant news. Evans (voter, dove) said last night that "I'm optimistic that the labour market has been doing much, much better and that unemployment is going to continue to go down," and that "currently we have the appropriate monetary policy in place." He also said that "he has tried ...
-
China hackers got spy info from Google report
-0.07% databases accessed valuable information about U.S. knowledge of Chinese espionage activities, the Washington Post reported late Monday. The cyber-intrusions, which Google reported in 2010, included information on U.S. court orders to conduct surveillance of Gmail accounts, the report said. This, in turn, likely tipped off China as to which of its operatives had drawn the suspicion of U.S. ...
-
Gap stance on Bangladesh draws protest
"I own Gap clothing and I don't think it's acceptable that this is the cost," Mandavilli said. Protesters like Mandavilli are being galvanized into action by labor and socially conscious groups in the wake of the deadly ...
-
Currencies Yen struggles against dollar
LOS ANGELES (MarketWatch) -- The Japanese yen lost ground Tuesday following fresh remarks by Japan's economic minister about the currency's recent price ...
-
Excess pilots Singapore Airlines waives cadets bonds
pilot s have been told that until Sept 30, those who quit may have their bonds waived. The usual payback for leaving before serving the seven-year work bond can be more than S$250,000 ...
-
10 most valuable global brands
Apple remains the top global brand with an estimated value of $185 billion, according to an annual ranking by WPP and Millward Brown. Which other companies have brands worth ...
-
China E-commerce trumps retail
Not so much. FORTUNE -- Just as cash-strapped consumers in the developing world bypassed so-called landline phones in favor of mobile devices, so China's lower-income consumers are skipping physical stores in favor of e-commerce sites. ...
-
Yen weakens after economy ministers remarks
HONG KONG (MarketWatch) -- Japan's Economy Minister Akira Amari said Tuesday he hopes yen's foreign-exchange levels will settle at a level that corresponds with the relative strength of the domestic economy, according to a report. "I hope [foreign exchange] levels will settle so they match the basic strength of the Japanese economy," Amari said at a press conference after a ...
-
Hong Kong stocks retreat ICBC shares drop
HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday retreated after a three-day winning streak, with Industrial & Commercial Bank of China Ltd. sliding on news Goldman Sachs Group Inc. sold the remainder of its stake in the Chinese lender. The Hang Seng ...
-
Occupy Wall Street Challenges DOJ On Foreclosure Crisis
I don't know if Occupy Wall Street has been quiet lately or if I have just not been paying attention. Nonetheless, they have something going on right now. ...
-
Australia stocks fall with bank shares in the red
LOS ANGELES (MarketWatch) -- Stocks in Australia fell Tuesday in early trade, as losses in banking issues put the equity benchmark under pressure. The S&P/ASX ...
-
Japan stocks pull back exporters Softbank drop
HONG KONG (MarketWatch) -- Japanese stocks retreated early Tuesday as a strengthened yen and caution over U.S. monetary-policy stance led investors to take profits after a sturdy recent rally. The Nikkei Stock ...
-
U.S. to suspend pension health investments Lew
LOS ANGELES (MarketWatch) -- Treasury Secretary Jack Lew told Congressional leaders Monday that due to the debt limit, he will suspend debt issuance for the Civil Service Retirement and Disability Fund and Postal Service Retiree Health Benefits Fund until August. The move won't affect funds needed to pay current beneficiaries, he said. In a letter, Lew said that the move was in line with ...
Kyrgyzstan Featured
-
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
News from around our Network
