Category

Global Markets

Global Investing Roundup

Mobile TeleSystems Dials Up a 35% Profit; J.C. Flowers Saves Wilting Shinsei Bank; Royal Dutch Shell Exits Nigeria; China Metallurgical Moves on Afghanistan Mobile TeleSystems OJSC (MBT) announced yesterday (Tuesday) that third-quarter profits grew 35% to a larger-than-expected $655 million. Third-quarter revenue jumped 23.3% to $2.216 billion, up from $1.8 billion during the comparable quarter […]

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Global Investing Roundup

SABMiller Swallows Grolsch; DP World Boosts Offering; Credit Agricole Makes Deposit on 15% of Bankinter; China Railway Steams Toward IPO In yet another instance of consolidation in the global brewing industry, SABMiller PLC (SBMRF) announced yesterday (Monday) that it buying Dutch Royal Grolsch NV. SABMiller will pay $1.2 billion (816 million euros) in cash for […]

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Global Investing Roundup

Iberia Takes Flight; Ralcorp Posts Up; Telmex Ready for Battle Spain's largest airline, Iberia Lineas Aeraes de Espa (IBRLF), has become the subject of a takeover offer from a group of investors for $4.4 billion (3.7 billion euros). The group is led by Gala Capital Partners Equity and includes Spanish millionaire Alicia Koplowitz. The private […]

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Global Investing Roundup

HSBC Suffers Subprime Blues; Portugal Telecom Seeing Double; China Architectural Revenue Jumps 90%; McCormick Buys Spice Maker; South Africa Braces for Another Rate Cut HSBC Holdings PLC (HBC) yesterday (Wednesday) announced a third quarter loss of $1.1 billion, due in part to a $3.4 billion loan-impairment charge in its U.S. consumer finance business.  In 2006, […]

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Global Investing Roundup

Royal Bank of Canada Feels Subprime Pain; China Fire and Security Rings Up Record Earnings; Japan's NTT Dials Up Emerging Market Profits; McDonalds Puts U.S. Operations on Back Burner to Go Global The Royal Bank of Canada (RY), Canada's largest lender, announced yesterday (Tuesday) that it would take an after-tax charge of $160 million related […]

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Global Investing Roundup

Isuzu Profits Skid; Telefonica Dials Up Big Profits; Sinotruck IPO Should Haul Away $1.2 Billion; Rexel Finds Breaking Up Easy To Do; Doral Loses $70.5 million For Third Quarter  Isuzu Motors Ltd. (ISUZY) of Japan yesterday (Monday) announced it had experienced a 26% drop in third-quarter operating profits, according to Reuters News Agency. The company […]

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Global Investing Roundup

China Merchants Opens in U.S.; Kirin Buys National Foods; Private Equity Up "Down-Under" China Merchants Bank (CIHHF), the sixth-largest lender in China, has been given the green light by the U.S. Federal Reserve to open for business in the United States. China had been pressuring the United States government to allow Chinese banks to enter […]

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Global Investing Roundup

Optibase Narrows Loss; Manulife Profits Jump 10% Profits; Biggest Takeover Ever Down Under; ING Sidesteps Subprime Pains – Maybe Optibase Ltd. (OBAS), an advanced digital-video solutions based in Israel, announced that third-quarter revenue soared 21% to $5.2 million – up from $4.3 million in 2006. The company reported that losses for the quarter narrowed by […]

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Global Investing Roundup

LAN Airlines Buys Boeing; Softbank Triples Earnings; J. Sainsbury Plummets 21%; Tongjitang Profits up 29%: LAN Airlines (LFL), the largest airline in Latin America, has finalized a contract with North American aircraft manufacturer Boeing (BA) for 26 long haul Dreamliner 787 passenger jets and two 777 freight aircraft, The Associated Press has reported. The Dreamliner […]

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Global Investing Roundup

Global Cash Taps Gambling Market; Goldman Sachs China Deal Denied; Ballard Power Unloads Fuel Cell Business; Miners' Strike Falters in Peru; Munich RE Sees 69% Profit Jump Global Cash Access Holdings, Inc. (GCA) said yesterday (Monday) that it has completed an agreement with one of Africa's largest banks, Absa Bank Ltd. The agreement allows the […]

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