Category

Global Markets

Global Investing Roundup

Ping An Builds Stake In Fortis; Vimpel Sees Profit Soar; Toronto Dominion Banks Big 4Q Earnings; Dubai International Bolsters Advisory Board; Ping An Insurance Group (PNGAY), a leading Chinese insurance concern announced yesterday (Thursday) that it spent $2.68 billion for a 4.18% stake in Fortis NV (FORSY), Belgium's biggest financial services company.  That makes Ping […]

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Global Investing Roundup

Banking Woes Worsen in Third Quarter, FDIC Says; Telkom and Vodafone Talks End; Acorn Falls in Third Quarter; International Hits Now Low on Sour 3Q Numbers; Porsche Sales Accelerate; Macquarie, MBK Tune in on Korean Cable TV Firm Net income in the U.S. banking industry was down nearly 25% in the third quarter and loan-loss […]

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Global Investing Roundup

PacificNet Profits Jump Despite Revenue Slump; Jeweler Signet's Results Don't Sparkle;  Issues Profit Warning; Sanyo Posts First Profit in Three Years; BMO Financial Drops in Profits To Build Future Momentum PacificNet Inc. (PACT) – a leading provider of gaming, e-commerce and customer-relationship-management technologies in China – yesterday (Tuesday) announced un-audited third-quarter revenue of $9.8 million. […]

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Global Investing Roundup

DHL Delivers in Asia; Airbus Throttles Back on Iberia Bid; Quebecor Won't Print Dividends; Areva to Power China's Nuclear Power Program DHL Worldwide Express Inc., a division of Deutsche Post AG Bonn (DPSTF), said yesterday (Monday) that it plans to invest $175 million in a new North Asia cargo hub at Shanghai's Pudong International Airport. […]

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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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