Mobile internet is China's most lucrative sector according to Fosun International, the country's largest private investment firm.» Read More
Moody's joined the drumbeat of pessimism on China property, cutting its view to negative, but it expects many developers' finances to remain stable.
Few employment options drove Filipino Ben Dominguez to Singapore in 2007. He now sends home over 30,000 pesos monthly, which raises his family.
BEIJING/ BANGALORE, May 15- As China's economy continues to cool, companies are waiting longer and finding it harder to get paid for goods and services they've already sold, leading to record amounts of receivables- and potential write-offs- on corporate balance sheets.
The euro steadied against the dollar on Wednesday and rebounded from a 16-month trough against the British pound.
Treasury Secretary Timothy Geithner must hand over documents to Standard and Poor's relating to the ratings agency's claim that the United States sued it in retaliation for downgrading government debt.
May 13- Moody's Investors Service downgraded New Jersey's debt to' A1' late on Tuesday, making it the last of the three big Wall Street credit rating agencies to cut the state's bonds to single-A because of a large, unpredicted revenue shortfall and other fiscal pressures.
A confrontation may be on the cards between India's prominent central bank chief and the Bharatiya Janata Party (BJP).
China's president says the economy must adapt a "new normal" in growth. That means Beijing is unlikely to step in with broad stimulus measures.
Next week's federal budget in Australia is expected to be tough, yet analysts reckon the pain is unlikely to be as harsh as anticipated.
MANILA, May 8- Standard& Poor's raised the Philippines' credit rating to two notches above investment grade on Thursday, the first debt watcher to do so, saying reforms are likely to continue beyond the administration of President Benigno Aquino.
*Steinhafel also oversaw troubled expansion into Canada. May 5- Target Corp's decision to oust Gregg Steinhafel as chairman and chief executive some five months after a massive data breach has triggered concerns the No. 3 U.S. retailer might have even more bad news for investors.
Oncor avoided bankruptcy because of a credit provisions called a ring-fence put in place in 2007 to satisfy Texas legislators and regulators worried about the $40 billion debt created in the leveraged buyout by a group of private equity firms led by KKR& Co LP.
WASHINGTON, April 30- The U.S. Securities and Exchange Commission is pursuing potential enforcement actions against credit-rating agencies over disclosure violations as the regulator turns to new targets now that few cases remain from the financial crisis, the SEC's top enforcement chief said Wednesday.
The Swiss drugmaker agreed to trade more than $20 billion worth of assets with GlaxoSmithKline Plc, with Novartis aiming to boost its cancer business while GSK sought to bolster its position in vaccines. Novartis also sold off its animal health division to Eli Lily and Co..
*Reaffirms full-year earnings view of $3.90- $4.00/ shr. April 25- Credit rating agency Moody's Corp reported a stronger-than-expected quarterly profit, driven by higher income from its analytics unit.
U.S. stock index futures signaled a lower open on the last day of the week, as fears about the Ukraine-Russia situation resurged.
Some of the names on the move ahead of the open.
About 150 S&P 500 companies are scheduled to release results this week, in an earnings season that has been mediocre.
District Judge David Carter in Santa Ana, California, nonetheless gave S&P, a unit of McGraw Hill Financial Inc, access to evidence that the lawsuit may have been in retaliation for the agency's Aug. 5, 2011 decision to lower the U.S. credit rating to "AA-plus" from "triple-A."
April 15- A federal judge on Tuesday rejected a request by Standard& Poor's to split up the U.S. government's $5 billion lawsuit accusing it of lying about its credit ratings, paving the way for a single trial in the civil fraud case.