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UBS Cuts Its Macquarie Rating |
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Thursday, 28 August 2008 |
UBS cut its rating on Macquarie to "neutral" from "buy" and slashed its price target for the investment bank.
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More people surviving below poverty line |
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Thursday, 28 August 2008 |
The World Bank said on Tuesday that more people are living in extreme poverty in developing countries than previously thought as it adjusted the recognized yardstick for measuring global poverty to 1.25 U.S. dollars a day from 1 dollars.
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Debt's the Way China Likes It |
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Thursday, 28 August 2008 |
Many Chinese companies are issuing billions of dollars of new corporate bonds, even as the rest of the world shies from debt. Investors are encouraged by expectations of a rising yuan.
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Oil prices ends higher as Gustav spins toward Gulf of Mexico |
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Thursday, 28 August 2008 |
OIL prices climbed for a third day yesterday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production.
On its current trajectory,...
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Nokia plans holiday smartphone rollout |
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Thursday, 28 August 2008 |
A Nokia Oyj executive said yesterday that a drop in the company's smartphone market share isn't unusual and that products will be revamped before the Christmas and Chinese New Year holiday periods.
"I don't...
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Slight cheer for Volvo truck brands |
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Thursday, 28 August 2008 |
VOLVO AB, the world's second-biggest truck maker, said yesterday that deliveries by its four brands rose 2 percent in July, with growth held back by declines in western Europe and the United States.
Sales at the...
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US stocks end higher following durable goods report as economy stronger |
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Thursday, 28 August 2008 |
WALL Street posted a big advance after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the US economy is stronger than many investors thought.
The...
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Bankruptcies depress Japanese real estate stocks |
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Thursday, 28 August 2008 |
GOLDCREST Co and Atrium Co led a slump in Japanese real estate stocks yesterday after Sohken Homes Co filed for bankruptcy protection, reporting 33.9 billion yen (US$311 million) in debt.
Goldcrest, a condominium...
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Karachi Exchange Freezes Stocks |
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Thursday, 28 August 2008 |
The KSE imposed a freeze on the benchmark KSE-100 Index, after the latest political crisis dragged the index to its lowest point in more than two years for the second consecutive session.
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Amtek buy-out owners discuss trade sale |
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Thursday, 28 August 2008 |
The private equity owners of Singapore's Amtek Engineering have held preliminary discussions that could result in a lucrative trade sale of the company only a year after it was taken private, according to people familiar with the situation
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Food supplements add sweetness to Glanbia |
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Thursday, 28 August 2008 |
GLANBIA Plc, the producer of a third of Ireland's milk and cheese, said yesterday that first-half profit climbed 22 percent, led by growth at its ingredients and nutrition unit.
Net income increased to 41 million...
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Economist: South African inflation close to peak |
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Thursday, 28 August 2008 |
South Africa's inflation was close to its peak, South African Econometrix economist Russell Lamberti said on Wednesday.
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