Finance
featured
John Rogers, President and CEO of CFA talks the importance of creating a professional standard in the financial industry.
» Read More
More
-
TOKYO, April 1- Japan's Nikkei share average fell to a three-week low on Monday as investors took profits in stocks such as exporters and financials that had gained in recent weeks on the back of a weaker yen and prospects of monetary easing. The index added 19.3 percent in January-March, marking its best quarterly performance since April- June 2009.
-
TOKYO, April 1- Japan's Nikkei share average fell to a two-week low on Monday morning as investors took profit after the benchmark posted its best quarterly performance in nearly four years. But expectations that the Bank of Japan will unveil aggressive monetary policy measures this week to revive the world's third-largest economy limited the fall.
-
*Daikin Industries came under pressure after Mizuho downgrade. TOKYO, April 1- Japan's Nikkei share average fell to a two-week low on Monday as investors took profit after the benchmark posted its best quarterly performance in nearly four years.
-
March 30- Occidental Petroleum Corp chairman and former chief executive Ray Irani is pushing to replace the oil company's current CEO, Stephen Chazen, the Wall Street Journal reported on Saturday, citing "investors and people familiar with the company's operations."
-
March 30- Occidental Petroleum Corp chairman and former chief executive Ray Irani is pushing to replace the oil company's current CEO, Stephen Chazen, the Wall Street Journal reported on Saturday, citing "investors and people familiar with the company's operations."
-
*Central Bank confirms tough terms in bailout. NICOSIA, March 30- Major depositors in Cyprus's biggest bank will lose around 60 percent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks and saved the island from bankruptcy.
-
NICOSIA, March 30- Cyprus was expected to confirm on Saturday that major depositors in its biggest bank will lose around 60 percent of their savings over 100,000 euros, under a bailout that has shaken European banks but saved the island from bankruptcy for now.
-
Cyprus may be a "special case" in the eyes of European officials, but their handling of its bailout is taking a toll on another small euro zone member with an over-burdened banking sector- Slovenia.
-
*CSI300 -0.2 pct, SSEC +0.01 pct at close; Hong Kong closed. SHANGHAI, March 29- China shares closed mixed on Friday but major indexes ended down for the quarter as disappointing company earnings and fears of policy tightening soured investor sentiment. Hong Kong markets were also closed for the holiday and will reopen on Tuesday.
-
*CSI300 -0.4 pct, SSEC -0.1 pct at midday; Hong Kong closed. SHANGHAI, March 29- China shares extended losses on Friday and major indexes appeared headed for a quarterly decline as disappointing company earnings and fears of policy tightening soured investor sentiment. Hong Kong markets were closed for the long Easter holidays and will reopen on Tuesday.
-
One of the reasons why the crisis in Cyprus has had limited market effects is that it would be unlikely to be repeated in the US.
-
DETROIT/ NEW YORK, March 28- Fisker Automotive, the green-car company that has not built a car since July, hired restructuring lawyers from Kirkland& Ellis to prepare for a possible bankruptcy filing, The Wall Street Journal reported on Thursday, citing people familiar with the matter. On April 22, Fisker must make a payment on a U.S. Department of Energy loan.
-
*BlackBerry sold about 1 million new Z10 devices in quarter. TORONTO, March 28- BlackBerry reported a surprise quarterly profit on Thursday after shipping 1 million new Z10 smartphones, but the Canadian company still fell short of convincing markets that its turnaround plan is already a runaway success.
-
*Third-quarter EPS 81 cents vs 64 cents year earlier. March 28- U.S. fertilizer producer Mosaic Co reported a 26 percent rise in third-quarter profit, driven by higher potash and phosphate volumes and said it wants to buy back shares later this year, lifting its stock 1.3 percent on Thursday.
-
March 28- Wireless service provider Clearwire Corp said on Wednesday that it would draw on $80 million in financing from Sprint Nextel Corp, which is seeking to buy it. Clearwire said it would still continue talks with rival bidder Dish Network Corp but it has not changed its recommendation in favor of the Sprint deal.
-
TORONTO, March 28- BlackBerry reported a surprise quarterly profit on Thursday, but its subscriber base fell slightly more than expected, and revenue remained far below year-earlier levels. The Waterloo, Ontario- based company said it sold about 1 million of its new Z10 touchscreen smartphones in the fourth quarter ended March 2.
-
NEW DELHI, March 28- A committee including government appointees should set monetary policy, a finance ministry panel recommended on Thursday, in a sign that the government aims to increase its say over policy while lessening the influence of the Reserve Bank of India governor.
-
TORONTO, March 28- BlackBerry announced an unexpected quarterly profit on demand for the new touchscreen device that holds the key to its successful turnaround, but revenue remained far below year-earlier levels. Net income in the quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share.
-
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout.
-
*ISS says deal undervalues MetroPCS. NEW YORK, March 27- Influential proxy advisory firm ISS threw its weight behind opponents of MetroPCS Communications Inc's proposed merger with T-Mobile USA, saying the deal undervalued the company and shareholders should vote against it.