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Kojima Iron Wor Parent Announces Planned FY Dividend of 0.00 Yen.Kojima Iron Works (6112) announced full-year parent dividend estimates for the period to Nov. 30. Figures are in yen. ================================================================================ Forecast Previous Dividend =====================... |
Putin Says Russia to Cut State’s Role in Economy, Keep Stability.Prime Minister Vladimir Putin , who is seeking to return to the presidency next year, pledged to pursue plans to reduce the state’s role in the economy without undermining political stability. “Our strategic goal is that the state should, over time, reduc... |
BOE’s King Says He Doesn’t Think Stimulus to Fuel Currency Wars.Bank of England Governor Mervyn King said he doesn’t think there’ll be so-called global currency wars as a result of stimulus measures in advanced economies. “I don’t think that’s right,” King said in a television interview on Sky News today. “Movements i... |
Nigeria’s Naira Weakens to Lowest on Record Against the Dollar.Nigeria ’s naira fell to the weakest on record in the interbank market after the currency declined at a central-bank dollar auction and Governor Lamido Sanusi said the naira won’t be defended “at all costs.” The currency of sub-Saharan Africa ’s second-bigg... |
German Two-Year Notes Decline as Traders Pare ECB Interest-Rate Cut Bets.German two-year notes slumped, pushing yields up to a three-week high, as traders pared back bets for an interest-rate cut from the European Central Bank after it kept its benchmark rate on hold at 1.50 percent. Ten-year bunds also declined as ECB... |
Brazil’s Use of Capacity Rose to 82.2% in August, CNI Says.Brazil ’s manufacturers increased use of installed capacity to 82.2 percent in August, the National Industrial Confederation said. The use of installed capacity in August rose from a revised 82 percent in July, the confederation said in a report distributed tod... |
Hurricane Philippe Forms in Atlantic Ocean Southeast of Bermuda, U.S. Says.Hurricane Philippe formed in the Atlantic southeast of Bermuda while Tropical Storm Irwin developed in the Pacific off the southwestern coast of Mexico , according to the U.S. National Hurricane Center. Philippe’s top winds reached 80 miles (129... |
Judge’s Murder Shows Rio’s ‘Problem of the Decade’: Dom Phillips.Even in a city as murderous as Rio de Janeiro , the killing of Judge Patricia Acioli on Aug. 12 was a shock. According to police she was ambushed by two motorbikes and at least one car as she returned to her condominium that morning, and killed in a hail ... |
TF1, Canal Plus Are Close to Agreement on LCI Channel, Le Figaro Reports.Societe Television Francaise 1 (TFI) and Vivendi SA (VIV) ’s Canal Plus pay-television unit are close to an agreement over the future of the LCI television channel, Le Figaro reported, without citing anyone. To contact the editor responsible for ... |
Thai Flood Death Toll Rises as Waters Threaten Honda, Sony.The death toll in Thailand ’s worst floods in five decades rose to 244 and threatened to disrupt operations of automobile and electronics makers that use the Southeast Asian country as a production base. Heavy rain since July 25 has caused flooding in 59 of the... |
Russia Weekly Oil Products Output: Summary.Following is a table of Russia weekly oil products output, according to the report of the Federal Service of State Statistics of Russia in Moscow: To contact the reporter on this story: Zoya Shilova in Moscow at zoya@bloomberg.net To contact the editor responsible for this s... |
Prosegur to Pay Second Dividend Oct. 17.Prosegur Compania de Seguridad SA will pay a second dividend of 21.29 euro cents per share on Oct. 17, the company said in a filing to regulators. To contact the editor responsible for this story: Charles Penty at cpenty@bloomberg.net |
Arabtec Holding, DP World, QNB: Persian Gulf Equity Preview.The following companies may be active in Persian Gulf stock markets. Symbols are in parentheses and prices are from the last close. Dubai’s DFM General Index (DFMGI) slipped for a sixth day, retreating 0.2 percent to the lowest since March 7. Qatar’s QE Index ... |
Cardinals Beat Phillies 5-3 to Force Decisive Game 5 in NL Division Series.David Freese drove in four runs with a two-run homer and a two-run double and the St. Louis Cardinals forced a decisive Game 5 in their National League Division Series against the Philadelphia Phillies. The Cardinals’ 5-3 win today at Busch Stad... |
Roche’s RoActemra Wins U.K. Backing for More Arthritis Patients.Roche Holding AG (ROG) won the backing of the U.K. National Institute for Health and Clinical Excellence for the RoActemra rheumatoid arthritis drug after agreeing to provide a discount to the state-run medical system. RoActemra may be used at additional s... |
Chile Student March Turns Violent as Government Talks Stall.Chilean students marched in downtown Santiago today, clashing with police and blocking traffic for much of the day, after negotiations with the government over education reforms broke down last night. “This has been one of the most violent marches” after four ... |
Philippe Close to Hurricane Strength in Atlantic, Storm Forms Off Mexico.Tropical Storm Philippe is nearing hurricane status in the Atlantic southeast of Bermuda though it poses no threat to land, the National Hurricane Center said. The storm, about 455 miles (735 kilometers) from Bermuda, is moving north-northeast at ... |
David Beckham’s Endorsement Income Rises as Galaxy Contract Approaches End.David Beckham ’s earning power is climbing in his soccer career’s twilight. The 36-year-old former England captain paid himself an extra 2.6 million pounds ($4 million) last year from new endorsement deals, according to a filing today by his Lon... |
EPA Eases Off Cross-State Air Pollution Rules for Power Utilities.The Environmental Protection Agency proposed amending cross-state emissions rules for power companies today, easing off on pollution caps for Texas and nine other states. Texas, which sued to block the measure set to take effect next year, would be allow... |
U.K. Second Quarter Productivity Statistics: Summary.Following is a summary of second quarter productivity measures from National Statistics in London: To contact the reporter on this story: Harumi Ichikura in London at hichikura@bloomberg.net To contact the editor responsible for this story: Marco Babic at mbabic@b... |
BOE Bond Program Boost a ‘ Bearish’ Signal: Analyst Comment.Foreign-exchange strategists comment on the Bank of England ’s decision to expand bond purchases to 275 billion pounds ($421 million) from 200 billion pounds, the first increase in the so-called quantitative easing program since 2009. Twenty-one of 32 economis... |
Deutsche Boerse, NYSE May Need to Give Ground to EU on Deal.Deutsche Boerse AG (DB1) and NYSE Euronext may need to offer concessions to quell formal European Union concerns over their plan to create the world’s largest exchange, lawyers said. Deutsche Boerse and NYSE Euronext yesterday received a statement of objection... |
Grassley Asks Falcone for Records of FCC, White House Contacts.The Senate Judiciary Committee’s top Republican asked Philip Falcone and his LightSquared wireless venture for records of contacts with the White House and U.S. regulators to put “questions of improper influence” to rest. Senator Charles Grassley of Iowa ma... |
Japan Aug. All Households High-Value Product Spending.Following is the detailed table for Japan ’s all household spending for high-value products and services from the government’s statistics bureau in Tokyo. NOTE1: Figures are not seasonally adjusted. Total spending figures are calculated by Bloomberg News. NOTE2: Inc... |
Romania Extends Romgaz Licenses, Approves 7 Concession Accords.Romania ’s government approved a five- year extension for exploration licenses for eight blocks of natural-gas producer Romgaz SA, which committed to invest at least $520 million in the eastern European country. The government also approved seven oil and ga... |
Brain Injuries in U.S. Youth Athletes Surge 60% Over Nine Years, CDC Says.Emergency room visits for head injuries among U.S. youth athletes surged 60 percent in nine years, led by bicycling, football and playground accidents. Traumatic brain injuries rose to 248,418 cases in 2009 from 153,375 in 2001, according to a re... |
UBS Said to Hire Four Bankers From Credit Agricole in Dubai.UBS AG (UBSN) , Switzerland’s biggest bank, is hiring four bankers from Credit Agricole SA (ACA) ’s investment banking unit for its corporate advisory group in Dubai, two people familiar with the matter said. UBS is recruiting Kanhaiya Rathi, Kawtar Benkhraba,... |
Tunisia July Tourists Arrivals: Statistical Summary.Following is a summary of July tourist arrivals from the Tunisia National Institute of Statistics in Tunis Cedex, Tunisia: To contact the reporter on this story: Giovanni Salzano in Rome at gsalzano@bloomberg.net To contact the editor responsible for this story: Mar... |
Rallye Says Total Stake in Grupo Pao De Acucar Now 48.1%.Rallye SA (RAL) said that it has increased its stake in Cia. Brasileira de Distribuicao Grupo Pao de Acucar to 48.1 percent. The figure includes preferred shares, American depositary receipts and call options, Rallye said in an emailed statement. To contact the e... |
Rand to Lag Lira on Turkey Dollar Sales, Societe Generale Says.The rand is poised to weaken against the lira as Turkey ’s central bank sells more dollars to curb the currency’s drop and South Africa ’s Reserve Bank refrains from stemming the rand’s decline, Societe General SA said. Investors should sell the rand for th... |
Oracle to Pay U.S. $199.5 Million to Settle False Claim Act Investigation.Oracle Corp. (ORCL) , the world’s second- biggest software maker, agreed to pay more than $199.5 million to settle allegations it overbilled the U.S. government for nine years. The accord resolves a lawsuit claiming Oracle induced the General Ser... |
Cvs Bay Area Inc Announces Planned FY Group Dividend of 4.00 Yen.Cvs Bay Area Inc (2687) (2687) announced full-year group dividend estimates for the period to Feb. 29. Figures are in yen. ================================================================================ Forecast Previous Dividend ================... |
Trichet Says Banks Should Take Full Advantage of State Support.European Central Bank President Jean- Claude Trichet said banks should take full advantage of state support. “Where necessary, they should take full advantage of government support measures, which should be made totally operational, including the possibilit... |
NYSE ‘Threshold’ Securities for Oct. 5.The following is a list of “threshold securities” from the New York Stock Exchange, published daily in compliance with the U.S. Securities and Exchange Commission’s Regulation SHO. The list consists of stocks for which sellers failed to deliver 10,000 shares or more in the past f... |
Jobs Waged Eight-Year Health Fight After Rare Cancer Diagnosis.Apple Inc. (AAPL) co-founder Steve Jobs ’s death yesterday at age 56 follows years of health struggles that began in 2003, when he was diagnosed with a rare form of pancreatic cancer. Jobs had a neuroendocrine tumor , which is less aggressive than some othe... |
Crop Death Shrinks Sugar Stockpiles to 37-Year Low: Commodities.U.S. sugar stockpiles are shrinking to the lowest in 37 years after rain and freezing weather damaged the beet crop, potentially reversing a price slump and forcing the government to ease import limits. Farmers in Minnesota , the biggest beet grower, will ... |
Apple Security Officials Talked to City Police Days Before Jobs’s Death.Apple Inc. (AAPL) security officials met with police in Palo Alto , California , this week to notify them that Steve Jobs was close to death, a spokeswoman with the police department said. Following the meeting, the police devised a plan to put pat... |
Open Range, Rural Wireless Provider, Files for Bankruptcy.Open Range Communications Inc., formed to provide high-speed wireless Internet service to rural communities in 17 states, sought bankruptcy protection from creditors after failing to retain funding and bandwidth. The Greenwood Village, Colorado-based company won... |
Zambia’s Lubinda Says New Minimum Wage to Be Announced.Oct. 6 (Bloomberg) --Zambia’s labor minister will soon announce a new minimum wage, Given Lubinda, the country’s information minister, told reporters in Lusaka, the capital, today. He called for an end to a number of strikes that are taking place in the country. To... |
SJM, Sands China Lead Casino Stock Rally on Growth Outlook.SJM Holdings Ltd. (880) , Asia ’s biggest casino operator, and Sands China Ltd. (1928) led gains in Hong Kong- listed gambling stocks on speculation the plunge earlier this week went too far given growth prospects. SJM climbed as much as 23 percent, the biggest... |
Dominant Dollar May Give Way to ‘Multipolar’ System, Merkel Says.The dollar’s dominance may give way to a “multipolar” currency system as power shifts in the world economy, German Chancellor Angela Merkel said. “We all know that the international currency system is a system in transition, that it will probably move in ... |
Oil-Sands CO2 to Match Conventional in Decade, Suncor CEO Says.Carbon-dioxide emissions per barrel of oil produced from Alberta’s oil sands will probably fall to levels of conventional drilling in as little as a decade, Suncor Energy Inc. (SU) ’s Chief Executive Officer Rick George said. “With these new technologies, I... |
Accor’s Hennequin Sees Slowing Growth.Accor SA (AC) Chief Executive Officer Denis Hennequin forecast slowing growth at Europe ’s largest hotel company as consumers and businesses reduce spending on lodging next year. “In 2012 we expect a slowdown but still positive growth,” the CEO said in an interview yesterday in Lon... |
Wells Fargo Hires UBS’s Sila, Leerink’s Berger for M&A Roles.Wells Fargo & Co. (WFC) , the lender that’s expanding investment-banking operations as rivals scale back, hired two mergers-and-acquisitions bankers. Bora Sila, previously with UBS AG (UBSN) , will head consumer and retail M&A, and Adam Berger will lead healt... |
Trichet Keeps Banks Afloat as Governments Confront Risk of Greek Default.The European Central Bank ’s move to keep euro-area banks afloat is buying governments more time to recapitalize them as Greece edges closer to default. The ECB said yesterday it will reintroduce yearlong loans, giving banks access to unlimited ca... |
Singapore Stocks: Biosensors, Jardine Cycle, Noble, Wilmar.Singapore’s Straits Times Index advanced 2.9 percent to 2,603.12 at the close. Thirteen stocks rose for each that fell in the index of 30 companies. The following shares were among the most active in the market. Stock symbols are in parentheses after the compan... |
Greggs Rises After Saying Third-Quarter Sales Increased.Greggs Plc (GRG) , the U.K.’s biggest bakery chain, advanced the most in almost seven months after saying that sales growth accelerated in the fiscal third quarter as it sold more meal deals and breakfast items. Greggs rose 4.8 percent, the most since March, to cl... |
News Corp. Hacking Victims Lose U.K. Ruling Over Police Alert.London ’s Metropolitan Police, which is probing phone hacking at News Corp. (NWSA) ’s News of the World tabloid, won a U.K. court ruling to avoid informing hundreds of victims about a judicial review of police handling of evidence. Lawyers for U.K. Labour pa... |
Thailand Stocks: Central Pattana, Sri Trang, Siam Commercial.Shares of the following companies had unusual moves in Thailand trading. Stock symbols are in parentheses and prices are as of the 4:30 p.m. close in Bangkok. The SET Index surged 51.07 points, or 5.9 percent, to 913.72, the largest gain since Jan. 5, 2009. O... |
U.K. July Index of Services: Statistical Summary.Following is a summary of the July index of services report from the Office for National Statistics in London: To contact the reporter on this story: Harumi Ichikura in London at hichikura@bloomberg.net To contact the editor responsible for this story: Marco Babic at ... |
Lehman Brothers Unit Sues Goldman Sachs Unit for Failed Deal.A unit of Lehman Brothers Holdings Inc. (LEHMQ) , the bankrupt investment bank, sued a unit of Goldman Sachs Group Inc. (GS) over a failed $1.25 billion real estate deal. Rosslyn LB Syndication Partner LLC, a Lehman unit not in bankruptcy, accused USREO/Rossl... |
Nasdaq ‘Threshold’ Securities for Oct. 5.The following is a list of “threshold securities” from the Nasdaq Stock Market, published daily in compliance with the U.S. Securities and Exchange Commission’s Regulation SHO. The list consists of stocks for which sellers failed to deliver 10,000 shares or more in the past fiv... |
Coffee Rises Most in Seven Weeks on U.S. Outlook; Sugar Drops.Coffee futures jumped the most in seven weeks on signs that weakness in the U.S. labor market eased, bolstering demand for most commodities. Sugar fell. Claims for unemployment benefits increased less than forecast last week, government data showed. Federal ... |
Dollar Index Extends Its Advance, Climbs 0.6% to 79.447.The Dollar Index, which tracks the U.S. currency against those of six trading partners, extended gains, climbing 0.6 percent to 79.447 as of 1:24 p.m. in London. To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net To contact th... |
Steve Jobs’s Death Struck Like John Lennon, JFK Getting Shot, Wozniak Says.Steve Wozniak , who started Apple Inc. (AAPL) with high-school friend Steve Jobs in a California garage more than three decades ago, said news of his partner’s death struck him just like the shootings of John Lennon and John F. Kennedy. “I’m jus... |
ESPN Drops Hank Williams Jr.’s Song From Monday Football on Hitler Remark.ESPN said it has permanently removed Hank Williams Jr.’s opening song to its “Monday Night Football” telecasts, three days after the country singer compared President Barack Obama to Hitler. “We appreciate his contributions over the past years,” ... |
ICE Orange-Juice Stockpiles by Location for Oct. 5.Following is a table detailing orange-juice stockpiles held at tank facilities monitored by the ICE Futures U.S. exchange: To contact the reporter on this story: Stephen Rose in Washington at srose31@bloomberg.net To contact the editor responsible for this story: Al... |
Consumer Bureau Nomination Goes to Senate.Richard Cordray ’s selection to lead the U.S. Consumer Financial Protection Bureau was approved by the Senate Banking Committee in a move that sets up a showdown with Republicans vowing to block any nominee for the post. Today’s 12-10 vote sends the nomination to the full Senat... |
Thailand’s Central Pattana Said to Sell 2 Billion Baht of Bonds.Central Pattana Pcl (CPN) , Thailand ’s biggest shopping mall developer, sold 2 billion baht of bonds ($64 million) yesterday, according to a person familiar with the deal. The sale was split into 1.2 billion baht of five-year notes paying a yield of 4.52 ... |
Turkey Working on New Competition Legislation, Hurriyet Reports.Turkey ’s government is preparing legislation to address problems in the operations of the country’s anti-trust authority, Hurriyet newspaper said. Industry Minister Nihat Ergun made the comments in a private meeting with executives, the Istanbul-based new... |
Venezuela’s Caracas September Consumer Price Index.Following are the details of the Sept. Caracas Consumer Price Index from the Venezuela Central Bank in Caracas: To contact the reporter on this story: Dominic Carey in Sao Paulo at dcarey5@bloomberg.net To contact the editor responsible for this story: Marco Babic ... |
Medium-Sized South African House Prices Increase Average 5.2% in September.Absa Group Ltd. (ASA) said the price of a medium-sized house in South Africa rose an average 5.2 percent in September froma year earlier. The average nominal price of small houses fell 1.8 percent and the price for large house increased by 0.5 p... |
DuPont Calls at Two-Year High as Traders See Rebound: Options.DuPont Co. options traders are more bullish than any time in two years, betting the stock will rebound from a five-month decline as investors favor companies with the highest dividends. The ratio of outstanding puts to sell versus calls to buy has dropped to... |
Vietnam Stock Movers: Dien Quang, Hoa Binh, Tay Ninh Rubber.Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11 a.m. local-time close. The VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, rose 1 percent to 421.32, th... |
Freddie Mac to Redeem 1.875% Notes Due 2014.The following issue is being redeemed via the company's call option: Issuer: Freddie Mac Coupon: 1.875 percent Maturity: Oct. 14, 2014 Redemption Amount: $50 million Redemption Price: 100 percent Amount Remaining: Fully Retired Security ID: 3134G2ER9 Eff... |
Media Capital’s TVI to Broadcast Champions League Soccer Through 2015.Media Capital SGPS SA’s TV station TVI will broadcast games of UEFA ’s Champions League from next year through 2015 on free-to-air television, the company said in a regulatory filing. To contact the reporter on this story: Anabela Reis in Lisbon at ... |
Vietnam’s Jan-July Current Account Surplus at $1.3 Billion.Vietnam ’s posted a current account surplus in the January through July period of $1.3 billion, according to a statement on the country’s central bank website dated yesterday. Vietnam had a current account deficit of $3.2 billion in the same period last year, t... |
Mexican Senate Asks Pemex to Testify on Repsol, Universal Says.The Mexican Senate asked Petroleos Mexicanos to supply information about its relationship with Repsol YPF SA (REP) , El Universal reported. The body’s energy committee requested Pemex provide the information within ten days and plans to call Pemex director ... |
Air China, Asia Cement, StanChart: Hong Kong Equities Preview.The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The market was closed yesterday for a holiday. The Hang Seng Index (HSI) fell 3.4 percent to 16,250.27. ... |
UBS Said to Lend on New York Mall in Commercial Mortgage Push Amid Turmoil.UBS AG has committed to making a $176 million loan for a shopping mall in New York , persisting with efforts to boost its commercial-real estate financing even as credit market gyrations prompt other lenders to retreat. The bank originated the d... |
Gannett Names Martore CEO as Dubow Resigns Citing Disability.Gannett Co., publisher of newspapers including USA Today , promoted Gracia Martore to chief executive officer after Craig Dubow resigned for medical reasons. Martore, 60, has been president and chief operating officer at the company, and had overseen Dubow’s ... |
Eurozone October Monetary Policy Communicator: Summary.Following is a summary of the October eurozone monetary policy communicator from the KOF institute in Zurich: To contact the reporter on this story: Harumi Ichikura in London at hichikura@bloomberg.net To contact the editor responsible for this story: Marco Babic... |
Swiss Official Says Cap Brought Stability, T-A Says.(Corrects to remove statement that the official advocated a higher franc cap.) The Swiss State Secretariat for Economic Affairs, part of the Economy Ministry , said capping the Swiss franc against the euro at 1.20 has brought stability, even if an exchange rate of 1.3... |
Ghana’s Pension Fund to Sell First Atlantic Stake to Investors.Ghana ’s state pension fund will sell its 62 percent stake in First Atlantic Merchant Bank Ltd., a closely held lender based in Accra, to Kedari Nominees Ltd. of Nigeria for 42 million cedis ($26 million). Kedari Nominees, which is backed by a group of inve... |
Power Companies Borrow Record in Loans as Cost of Fuel Jumps: Japan Credit.Japan ’s top five electric utilities, shut out of the bond market following the Fukushima nuclear disaster, are borrowing a record 4 trillion yen ($52 billion) in loans at a premium to pay for the surging cost of fuel. Tohoku Electric Power Co.,... |
Japan’s Aug. Survey of Household Economy: Summary.Japan ’s household spending for high-value products and services fell 5.9 percent in Aug. from the previous year, according to the figures release by the government’s statistics bureau in Tokyo. NOTE1: Figures are not seasonally adjusted. Total spending figures are calc... |
Sri Lanka’s Central Bank Lowers 2011 GDP Growth Estimate to 8.3%.Sri Lanka ’s economy may grow about 8.3 percent in 2011, Dharma Dheerasinghe, deputy governor of the island’s central bank, said in Colombo today, lowering a projection of 8.5 percent made earlier this year. The construction industry will help drive expan... |
Oman International in Talks to Merge HSBC’s Oman Operations.HSBC Holdings Plc (HSBA) is in talks to merge its operations in Oman with Oman International Bank SAOG (OIBB) , the Gulf country’s fifth-biggest bank by assets. “These discussions are at a preliminary stage,” HSBC, Europe’s biggest bank, said today in a statem... |
EnBW Deal Guarantees Violated State Constitution, Court Says.The government of Baden-Wuerttemberg violated the state constitution when it authorized 4.7 billion euros in guarantees as part of the purchase of a 45 percent stake in EnBW Energie Baden-Wuerttemberg AG (EBK) , a court ruled. The Baden-Wuerttemberg constitut... |
Cyprus September National Consumer Price Index: Summary.Following is a table for the September consumer price index report from the Statistical Service Office in Nicosia: To contact the reporter on this story: Ainhoa Goyeneche in Madrid at agoyenechecu@bloomberg.net To contact the editor responsible for this story: ... |
Citic Securities Falls in Hong Kong Debut.Citic Securities Co., China ’s biggest brokerage by market value, declined in its Hong Kong trading debut as the depressed valuations of rivals lured investors. Citic Securities fell as much as 11 percent to HK$11.90 and traded at HK$12.2 as of 11:01 a.m. The company, which is ... |
XP Power Says 3rd-Quarter Revenue Rises 20%, to Pay 11p Dividend.XP Power Ltd. (XPP) , a U.K. maker of parts that regulate power in electrical equipment, said third-quarter revenue rose 20 percent and it will pay a dividend of 11 pence a share for the quarter. To contact the editor responsible for this story: Alan Purk... |
ICE Daily Certified Cotton Stockpiles for Oct. 5.Following is a table detailing cotton stockpiles held at warehouses monitored by the ICE Futures U.S. exchange by delivery point: To contact the reporter on this story: Stephen Rose in Washington at srose31@bloomberg.net To contact the editor responsible for this stor... |
U.S. Cost of Hunger Was $167.5 Billion in 2010, Researchers Say.The cost of hunger in the U.S., the world’s largest economy, was $167.5 billion last year as the recession in 2008 and a slow economic recovery pushed more American households into food insecurity, researchers said. The number of food-insecure and hungry A... |
Canon Halts Operations at Thai Inkjet Plant After Flood.Canon Inc. (7751) halted operations at its inkjet printer plant in Ayutthaya, Thailand , because of flooding and will keep the factory closed tomorrow as a precautionary measure. Hirotomo Fujimori, a Tokyo-based spokesman for the company, made the remarks by phone... |
Hong Kong Sells Two Sites for HK$176.1 Million by Tender.Hong Kong sold two plots of residential land for HK$176.1 million by tender, the government said in a statment on its website today. To contact the editor responsible for this story: Marco Lui at mlui11@bloomberg.net |
EU’s Barroso Rules Out Publicly Funded EU Credit-Rating Agency.European Commission President Jose Barroso ruled out proposing a publicly funded European credit- ratings company as part of plans to increase diversity in the industry. To contact the editor responsible for this story: Jones Hayden at jhayden1@bloomberg.n... |
Merkel Says European Bank Capitalization Needs Review.German Chancellor Angela Merkel said policy makers need to “look again” at whether European banks need additional capital. Experts who say the banks are undercapitalized must be taken “very seriously” and if it turns out that banks need more capital “then it’s money... |
ARGENTINA DAYBOOK: Moody’s Holds Seminar in Buenos Aires.Moody’s Investors Services holds a seminar today in Buenos Aires to discuss Argentina’s economic and rating outlook. South America’s second-biggest economy is rated B3 by Moody’s, six levels below investment grade. WHAT TO WATCH: * Moody’s analyst Gabriel Torres ... |
BofA, Morgan Stanley Gain as Geithner Says Banks Stronger.Bank of America Corp. (BAC) and Morgan Stanley led U.S. banks higher in New York trading after Treasury Secretary Timothy F. Geithner said the nation’s financial firms have strengthened and there is “absolutely” no chance of another collapsing like Lehman Brothe... |
Germany Sept. Construction Purchasing Managers’ Index.Construction activity in Germany picked up in September, according to Markit Economics The research group’s index of German construction activity rose to 50.5 compared with 49.8 in August. An index above 50 means the number of construction firms who said business ex... |
Canada September Home Sales May Have Fallen, Data Show.Canadian home sales may have fallen in September from August as home buyers in British Columbia and Alberta slow purchases, regional housing data show. September sales reported by nine major regional real estate boards show a 4.3 percent decline from August, while ... |
ECB Financing to Greek Banks in August Fell to EU93.1 Billion.Greek bank reliance on European Central Bank liquidity declined to 93.1 billion euros in August from 96.3 billion euros in July, according to a statement posted on the Athens-based central bank’s website today. To contact the reporter on this story: Natalie ... |
AFK Sistema May Change Its Dividend Policy, Vedomosti Reports.OAO AFK Sistema may change its dividend policy, Vedomosti reported today, citing Mikhail Shamolin, the company’s president. A management plan, which has yet to be approved by the board, envisages paying shareholders 10 percent of the company’s net income plu... |
DLA Piper Hires Troy Doyle as Distressed Opportunities Increase.DLA Piper, the world’s third-highest grossing law firm , hired Troy Doyle from Norton Rose to head its newly created restructuring and distressed investment team in Asia amid Europe ’s debt crisis. “Given the volatility, we’re seeing an increase in distres... |
Asia Stocks Rise First Day in Five on European, U.S. Optimism.Asian stocks rose for the first time in five days as better-than-expected U.S. economic data and optimism European leaders will contain the region’s debt crisis boosted the earnings outlook for exporters. Sony Corp. (6758) , Japan’s No. 1 exporter of consume... |
Euro Stays Lower Against Dollar After ECB Keeps Rate Unchanged.The euro stayed lower against the dollar after the European Central Bank kept its main interest rate unchanged, an outcome predicted in a survey of economists by Bloomberg. The 17-nation currency fell 0.5 percent to $1.3284 as of 12:48 p.m. in London. To co... |
Ethanol Rises on Higher Gasoline Prices, Lower New York Supplies.Ethanol futures gained in Chicago as gasoline prices jumped for the second straight day and supplies of the biofuel in New York Harbor were tight. Futures have gained 1.4 percent since an Energy Department report yesterday showed production of conventiona... |
DuPont Boosts Kevlar Output as Non-Ballistic Applications Grow.DuPont Co., the inventor of Kevlar used in body armor, said the opening of a $500 million U.S. plant today will allow for growth in other uses for the material, such as tires, auto parts and fiber-optic cables. The Cooper River Kevlar plant near Charleston,... |
Turkish Central Bank Says Core Inflation May Peak at 8 Percent.Turkey ’s central bank said core inflation may peak at about 8 percent in the last quarter of this year before subsiding in 2012. The bank made the forecast for the “H” measure of inflation in a presentation to analysts in Ankara that was posted on its webs... |
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