Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.» Read More
HONG KONG, June 28- HSBC Holdings Plc leapfrogged investment banking rivals including Goldman Sachs to land in the top five for Asian M&A advisory for the first time, boosted by its ability to provide funding for clients and a string of deals in India and Hong Kong.
LONDON/ NEW YORK/ MUMBAI, June 27- In April, after gold dived more than $200 an ounce in two days, an unprecedented scramble to buy everything from coins to jewellery at "bargain" prices helped arrest the plunge, tempering fears of a prolonged rout.
NEW YORK, June 27- Mergers and acquisitions around the world slowed to their most sluggish pace since 2009 in the first half of 2013, Thomson Reuters data shows, as recession-hit European companies put the brakes on transactions and their healthier U.S. counterparts took a cautious approach amid market uncertainty.
The SEC is investigating the relationship between the news organization Thomson Reuters and the Institute for Supply Management, CNBC has learned.
That's why a recent paper by Joao Paulo Pessoa and John Van Reenen, both of the Center for Economic Performance at the London School of Economics, makes such fascinating reading. Van Reenen and Pessoa set out to unravel the two big mysteries about Britain's economic performance over the past five years.
Oil service companies- suppliers of everything from rigs to teams of engineers- cite issues in Brazil for contributing to a spate of earnings disappointments. The trend continued on Thursday as Subsea 7 warned it will miss its 2013 profit forecast due to cost overruns on its Brazil project.
DUBAI, June 27- Dubai's Emirates airline plans to lease new Airbus A380 superjumbo aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase of the planes.
*Justices pave way for same-sex marriage in California. WASHINGTON, June 26- The U.S. Supreme Court delivered a landmark victory for gay rights on Wednesday by forcing the federal government to recognize same-sex marriages in states where it is legal and paving the way for it in California, the most populous state.
LONDON, June 26- The head of the UK's Financial Conduct Authority and co-chair of a G20 review into Libor reform has counselled against rushing into changing how the widely used interest rate benchmark is set, saying on Wednesday that regulators need to be realistic.
*Benchmark could be phased out and replaced. BRUSSELS/ LONDON, June 26- One of the globe's leading financial benchmarks, Euribor, could be phased out and replaced within a year as a growing number of banks distance themselves, people familiar with the plans said.
NEW YORK, June 25- U.S. inflation-linked government bonds have tumbled to levels that analysts say approach those common in periods of financial crisis, a sharp turnaround for what has been one of the best-performing bond classes in recent years.
In the municipal bond market, half a dozen deals aimed at raising collectively more than $300 million were postponed, while several companies pulled plans to refinance syndicated bank loans.
NEW YORK, June 24- The U. S Federal Trade Commission has followed the European Union in opening a formal probe into how crude oil and refined fuel prices are set, Bloomberg News reported on Monday.
NEW YORK, June 22- Fasten your seatbelts. "When market regimes shift, they rarely do so in an orderly fashion- look at equity prices collapsing at the end of the dot-com bubble or the height of the financial crisis," said Stephen Sachs, head of capital markets at exchange-traded fund issuer ProShares in Bethesda, Maryland. "
NEW YORK, June 21- Bargain-hunters beware! Wall Street's 2 percent weekly fall may not be the buying opportunity for stocks that it might seem.
*Market rout comes before next week's $99 billion in coupon debt.
LONDON, June 21- Shares in G4S fell to a new 19- month low on Friday, with selling momentum on the security company gathering pace after two large-size trades on the over the counter market. G4S stock traded down 1.9 percent at 233.20 pence as sellers targeted the stock after the oversized transactions, traders said.
*SPDR Gold exchange-traded fund holdings at 4- year low. NEW YORK/ LONDON, June 20- Gold plunged over 5 percent to its lowest in three years on Thursday, leading a global market rout one day after the U.S.
NEW YORK, June 20- Investors in funds based in the United States pulled $507.9 million out of taxable bond funds in the latest week, marking the first three-week outflow streak from the funds since August 2011, data from Thomson Reuters' Lipper Service showed on Thursday.
CHICAGO, June 20- Illinois' finances sank deeper into the red in fiscal 2012, with the general revenue fund deficit hitting a record $9.1 billion as increased spending outran a jump in revenue, according to a report released on Thursday by the state auditor general.