Commonwealth Bank of Australia (CBA) said its full-year cash profit grew about 12 percent on strong growth in loans and lower bad debt provisions.» Read More
March 6- Warehouse retailer Costco Wholesale Corp reported a bigger-than-expected 15 percent fall in profit as unusually deep discounting in the holiday shopping season hurt margins, sending its shares down about 3 percent in premarket trading.
FRANKFURT, March 6- Germany's Merck KGaA, the worlds largest maker of liquid crystals for display screens, reported an unexpected rise in underlying profits on Thursday as the benefits of its cost cutting campaign more than offset the impact of weaker foreign currency exchange rates.
NEW YORK, March 5- Oil slid further on Wednesday, weighing on a key commodities index, but gold, nickel and coffee prices rose as investor attention returned after a brief pause over the Ukraine crisis.
LONDON, March 5- The Bank of England revealed on Wednesday that allegations of rigging of world currency markets had been flagged as far back as mid-2006 as it suspended a staff member as part of a probe into what it knew about the alleged manipulation.
NEW YORK/ LONDON, March 5- Arabica coffee futures surged above $2 per lb for the first time in two years on Wednesday, on heavy investor buying as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market.
LONDON, March 5- The Bank of England suspended a staff member on Wednesday as part of a probe into what it knew about alleged manipulation of world currency markets and revealed that rigging allegations had been flagged as far back as mid-2006.
*Cocoa moves sideways, underpinned by firm demand. NEW YORK/ LONDON, March 5- Arabica coffee futures surged on heavy investor buying on Wednesday, nearing a two-year high as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market, while raw sugar jumped to a four-month high. Cocoa on ICE Futures U.S. and Liffe were firm.
March 4- Investment banker Ken Moelis' boutique investment firm, Moelis& Co, filed to go public as it looks to take advantage of rising demand for independent advisory services and an improving market for public offerings in the United States.
HONG KONG, March 5- The volume of M&A activity in South Korea has posted its strongest start to the year since 2008, rising 18 percent to date and dominated by a spate of private equity dealmaking.
NEW YORK, March 4- Oil and gold prices tumbled on Tuesday after Russia said it would only use military force against Ukraine as a last resort, easing political tensions that sent some commodity markets rallying a day earlier.
The New York- based company, led by Wall Street dealmaker Kenneth Moelis, will look to take advantage of an improving U.S. IPOs by dollar volume since 2000, according to Thomson Reuters data, as large floats such as Hilton Worldwide Holdings and Plains GP Holdings lifted deal proceeds 21 percent to $56.4 billion.
PARIS, March 4- More than 400 people have signalled they would join a class action against Mt. Selachii has received over 400 expressions of interest in joining a class action, according to the law firm's co-founder Richard Howlett.
MOSCOW, March 4- Russian companies are putting plans for bond deals on hold while banks assess the impact on investor demand of a slump in financial markets following Russia's military intervention in Ukraine. Russia paid a heavy financial price on Monday for its military action in Ukraine, with stocks, bonds and the rouble plunging.
Markit, the financial data company set up by a former trader in his shed, is set to mark its evolution with a share offering in New York this year.
Some of Wednesday's midday movers:
US mutual funds with heavy exposure to Puerto Rico bonds have sold off some of the cash-strapped island's debt.
The Fed chair's first testimony before Congress is the big event for markets in the week ahead, as traders sift through economic data.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and some sarcastic reflections.
A local currency hit by months of political unrest, and skittish consumers spending less are keeping the pressure on Thai billionaire Dhanin Chearavanont.
"Results are running light, and negative announcements have been off the hook," one analyst said amid a spate of disappointing reports.