Search Results for: stocks
Aussie Tumbles as Jobless Surge Revives Rate-Cut Bets; Yen Falls
August 7th, 2014
Australia’s dollar fell by the most in a month as traders revived bets on central bank interest-rate cuts after the unemployment rate jumped to the highest level since 2002. The Aussie weakened at least 0.5 percent versus all of ...
T-Mobile deal collapse could spark telecom price war
August 7th, 2014
Sprint Corp’s (S.N) newly appointed Chief Executive Marcelo Claure has so far had a Midas touch in the telecoms industry, turning Brightstar, a reseller of U.S. handsets to Latin America, into a distributor valued at $2.2 billion when it ...
BofA raises dividend to 5 cents per share
August 6th, 2014
Bank of America Corp (BAC.N) said it would increase its quarterly dividend to 5 cents per shares from 1 cent per share, its first dividend increase in seven years. The bank withdrew its previously planned increase in April after ...
New York is back on top for IPOs
August 6th, 2014
New York is once again the top destination for global companies listing their stocks, according to a new report on “cross-border” IPOs. It’s the first time New York has topped Hong Kong since 2009. Companies that are based overseas ...
Asia shares worn away by Wall Street, oil near nine-month low
August 6th, 2014
Asian stocks fell broadly on Wednesday while the U.S. dollar held firm after a slump on Wall Street and tensions over Ukraine smothered markets with a mood of risk aversion. Geopolitical concerns overshadowed upbeat U.S. economic data which included ...
Tesla resolves trademark dispute in China
August 6th, 2014
U.S. electric carmaker Tesla Motors Inc (TSLA.O) said it has “completely and amicably” resolved a trademark dispute in China, removing a hurdle that had threatened CEO Elon Musk’s ambition to expand rapidly in the world’s biggest auto market. It ...
Geopolitical risk is back up, Dow back down
August 6th, 2014
Just when the market was trying to find its footing, geopolitics rocked the Dow again. This time it was renewed fears that Russia might invade Ukraine. Whether the fears are simply rumor or innuendo, or real fears taken from ...
Moscow Exchange’s turnover at RUB 44.2 trln in July 2014
August 5th, 2014
Moscow Exchange’s turnover reached RUB 44.2 trln in July 2014, an increase compared to the same period last year (July 2013: RUB 43.9 trln). The largest turnover was shown by the FX market (up 37% YoY), Equity Market (up ...
Daimler says assisting Chinese authorities in investigation
August 5th, 2014
Daimler AG’s (DAIGn.DE) luxury brand Mercedes-Benz said it is cooperating with China’s anti-monopoly authorities over an investigation into unspecified matters, after local Chinese media reported the German automaker’s Shanghai office had been raided. “We confirm that we are assisting ...
Samsung Electronics China supplier to resume business after child labor allegations
August 5th, 2014
A Chinese subsidiary of Shinyang Engineering Co Ltd (086830.KQ) will resume supplying parts to Samsung Electronics Co Ltd on Tuesday, a Shinyang official said, less than a month after business ties were suspended over child labor allegations. In July, ...
