Result Page 494 for Latest Economy & Markets News & Archive

P&G Downgraded at BMO

BMO Capital Markets has downgraded shares of FMCG giant Procter & Gamble to market perform from outperform, saying that the earnings growth in the second half will be slower than its expectations.

Stocks open higher in early trade, incomes jump

US stocks opened higher in early trade on Monday, with S&P 500 Index gaining 7.54 points, or 0.57 percent, to trade at 1,326.97 at 09:55 a.m. EST. The Dow Jones Industrial Average is up 76.82 points, or 0.63 percent, to trade at 12,207.27. The Nasdaq Composite Index rose 0.49 percent to trade at 2,795.40.

Sunstone Hotel Investors Upgraded at RBC Capital

RBC Capital Markets upgraded its rating on shares of Sunstone Hotel Investors Inc. (NYSE: SHO) to "outperform" with above average risk from "sector perform" and increased price target to $14 from $11.

Fine Gael leader Enda Kenny addresses supporters in Dublin, February 26, 2011.

Irish outlook to remain grim even if Fine Gael wins better bailout deal

Irrespective of whether the new government will be able to renegotiate a better bailout deal, the outlook for the country remains grim owing to looming fiscal squeeze and waning consumer confidence.Irish outlook to remain grim even if Fine Gael wins better bailout deal

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Chairman of the Federal Reserve Ben Bernanke

Speculation of US rate hike still premature: Analyst

Despite a rise in inflation expectations caused by a flurry of positive economic data, the U.S. Federal Reserve may still not decide to tighten rates any time soon, according to an analyst.

Romania's central bank governor Isarescu gestures during a news conference in Bucharest

Eurozone inflation lower than initially estimated

Inflation in the eurozone was lower than initially estimated in January, but it still remained above the European Central Bank’s (ECB) target.

Snow covers a street sign at the corner of Wall St. and Broad St. in New York's financial district

Ventas paying $7.4 bln for Nationwide Health Properties

Ventas agreed to acquire smaller rival Nationwide Health Properties for $7.4 billion or $44.99 a share in stock, creating one of the largest publicly traded real estate investment trusts (REITs) in the United States.

Australia’s mobile phone market explodes as handset makers prepares for brewing war

Mobile Entertainment To Become $52.8 Bln Market in 2015: Report

The market for mobile entertainment, including mobile gaming, mobile music and mobile TV, is expected to grow at a compounded annual growth rate of 9.5 percent to reach $52.8 billion in 2015.

India's Finance Minister Pranab Mukherjee speaks as he leaves his office to present the 2011/12 federal budget in New Delhi February 28, 2011.

Full Text: Indian finance minister's budget speech

Kenyan central bank governor reappointed

Kenyan central bank Governor Njuguna Ndung'u has been reappointed for a second four-year term, according to an official government notice.

Food drives Ugandan inflation rate higher again

A 2.0 percent jump in Ugandan food prices in February from a month earlier helped drive the country's headline inflation rate higher for the fourth month in a row, the statistics office said on Monday.

Vertex Pharma Stock Hit New High On Positive Phase 3 Study Results

Shares of Vertex Pharmaceuticals Inc. (NASDAQ: VRTX) touched a new 52-week high of $44.98 on Friday. The company announced positive results on Wednesday from a late-stage study of its oral drug VX-770 for treatment of cystic fibrosis, a genetic disease that impairs the lung.

Hutchison unit sets price range for $5.8 billion IPO

Hutchison Whampoa's ports unit is looking to raise as much as $5.8 billion in an initial public offering (IPO) in Singapore, allowing investors to tap into China's booming infrastructure business.

HK, China shares up as investors eye earnings, banks lead

Chinese shares rose on Monday, reversing early losses as Asian markets edged up after last week's dip, with investors gearing up for earnings results from big hitters including banking giant HSBC.

India's Finance Minister Pranab Mukherjee

Pranab unveils budget, to bring in food bill for poor

The finance minister announced on Monday a food security bill for 2011/12, a measure that would provide cheap grains for millions of poor but which has sparked worries of a huge fiscal cost.

Glencore in talks with China, Qatar funds: report

Swiss commodities trader Glencore has opened up talks with sovereign wealth funds in China and Qatar to bring in a cornerstone investor ahead of its planned listing on the London Stock Exchange, The Sunday Times reported.

Milan fashion awaits Chinese design boom

Chinese designers will drive catwalk trends more than deep-pocketed Asian buyers as China's creativity becomes fashions' next big thing, top fashion executives and designers told Reuters at Milan fashion week.

BAY STREET-Will lumber demand lead to China investments?

Investors in Canada's forestry sector have feasted of late on Chinese demand for lumber and pulp, and a few of them are likely licking their chops at the idea China will also want to buy the mills.

China CCB eyeing stake in Malaysia's EON Capital-paper

China Construction Bank (CCB) is keen to acquire a stake in Malaysian lender EON Capital Bhd , The Edge weekly newspaper reported on Saturday.

China's SAIC shares to remain suspended next week

Trading in the shares of SAIC Motor Corp, China's top car maker, will remain suspended for another five working days from Monday, the company said in a filing with the Shanghai Stock Exchange on Friday.

Bankers Eye RMB Offshore Market As China Funding Costs Rise

Bankers are predicting a burgeoning offshore market for renminbi-denominated bonds as corporates increasingly turn to the Chinese currency to issue debt, making it only a matter of time before the renminbi is on a par with dollars, euros and yen.

S.Africa petrol price to rise 4.8 pct next week

South African petrol pump prices in the main inland commercial region will increase by 43 cents a litre, or 4.8 percent, from March 2, the government said on Friday.

Long-term S.Africa bonds rise after week of losses

Long-term South African bonds rose on Friday after a four-day sell-off fuelled by the government's disappointing budget deficit forecast for next fiscal year.

Traders work in the oil options pit on the floor of the New York Mercantile Exchange in New York City

Are the markets past the Middle East unrest?

Are the global markets past the Middle East unrest? The answer is probably yes.

Traders work on the floor of the New York Stock Exchange

Stocks deliver worst week since November as Libyan crisis escalates

U.S. stocks climbed on Friday, reversing a three-day sell-off on the deepening Libyan crisis, as oil prices appeared to have stabilized after Saudi Arabia increased its oil output.

A City worker passes the Stock Exchange in London

London Stock Exchange halted trading for four hours today due to technical glitch

The London Stock Exchange (LSE), which is seeking to acquire The Toronto Stock Exchange, suffered a four-hour halt in trading today due to some technical glitch.

Demand Media Shares Take Hit With Google Algorithm Change

Shares of Demand Media’s stock were down six percent amid news that Google has changed its algorithm to weed out low quality sites.

Intrepid Potash Upgraded at RBC Capital Markets

RBC Capital Markets upgraded its rating on shares of Intrepid Potash, Inc. to outperform from sector perform and increased its price target to $44 from $38, on higher potash price forecast.

Gold near $1,400/oz, supported by Mideast unrest

Gold held near $1,400 an ounce in Europe on Friday, supported by interest in the metal as a haven from risk as violence flared in Libya, but struggled to maintain traction as some investors cashed in this week's hefty gains.

Decline in state government spending drag down second GDP estimate

US Gross Domestic Product (GDP) growth for fourth quarter 2010 was revised to an annual rate of 2.8 percent in the second estimate, down from the first estimate of 3.2 percent.

Pre-Market NASDAQ Movers (DLIA, OVTI, ACOM, CROX, SVNT, NTRI, MDAS, LLNW, FSLR, HANS)

The top pre-market NASDAQ stock market gainers are: dELiA*s, OmniVision Technologies, Ancestry.com, Crocs, and Savient Pharmaceuticals. The top pre-market NASDAQ stock market losers are: NutriSystem, MedAssets, Limelight Networks, First Solar, and Hansen Natural.

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