Search Results for: Brazil
Telecom Italia Delays Sale of Stake in Argentine Business
September 2nd, 2014
Telecom Italia said on Tuesday that it had extended the deadline to Sept. 25 to complete the sale of its controlling stake in Telecom Argentina to the investment firm Fintech Advisory. The deadline, which had been set for Sept. ...
Telecom Italia bids $9.25 billion for Vivendi’s GVT
August 28th, 2014
The battle over Brazil’s telecoms market intensified on Thursday as European competitors Telecom Italia and Telefonica made rival offers for Vivendi’s Brazilian broadband business GVT. Vivendi, which will examine the bids at a Thursday board meeting, must now choose ...
CFD COMMODITIES – Weak USD and Inventories Boost Oil
August 28th, 2014
Commodities overview Crude rose after US gas inventories shrank by 960,000 barrels Sugar Lobby in US wins higher import duty as global supply pushes prices down Gold supported by geopolitical risk and USD weakness The Energy Information Administration ...
U.S. Index Futures Little Changed With S&P 500 at Record
August 27th, 2014
U.S. stock futures were little changed, after the Standard & Poor’s 500 Index closed above 2,000 for the first time, as Tiffany & Co. (TIF) climbed while Smith & Wesson Holding Corp. slumped on earnings projections. Futures on the ...
How Money is Made
August 20th, 2014
Last month, the BRICS countries (Brazil, Russia, India, China, and South Africa) announced the establishment of their own development bank, which would reduce their dependence on the Western-dominated, dollar-focused World Bank and International Monetary Fund. These economies will benefit ...
The Fragmentation of Bretton Woods
August 18th, 2014
The world has changed considerably since political leaders from the 44 Allied countries met in 1944 in Bretton Woods, New Hampshire, to create the institutional framework for the post-World War II economic and monetary order. What has not changed ...
Asia shares up as investors bank on more stimulus
August 14th, 2014
Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe. An economic contraction in Japan, ...
Chiquita subject of $611m bid to rival Fyffes merger
August 12th, 2014
U.S. banana group Chiquita received a $611m (£363m) bid from two Brazilian companies. On Friday’s closing price the two firms, Juice maker Cutrale and conglomerate Safra have offered $13 a share. Chiquita shares rose31% in New York after the ...
Wall St ends up for second day on hopes for Russia relief
August 12th, 2014
U.S. stocks ended higher on Monday, extending the rally from Friday as investors hoped that Russia’s move to send humanitarian aid to Ukraine would ease tensions between the two countries. Earlier in the day, NATO chief Anders Fogh Rasmussen ...
Big Banks’ ‘Living Wills’ Get Failing Grade
August 6th, 2014
Wall Street banks spent two years asking U.S. regulators what they should put in hypothetical bankruptcy plans to prove they aren’t “too big to fail.” The agencies broke their silence yesterday with a grade: Fail. The Federal Reserve and ...
