Today's Reuters Business News Headlines - Yahoo! News:
|
|
Olympus targets jump in financial stability ratio by 2017
Thu,7 Jun 2012 11:50 PM PDT
Reuters -  TOKYO (Reuters) - Japan's Olympus Corp aims to boost its shareholders' equity ratio, a key measure of capital stability, by roughly seven-fold to 30 percent in five years, indicating the scandal-tainted company may have to raise capital. Olympus, the world's leading maker of diagnostic endoscopes, is struggling to recover from a $1.7 billion accounting fraud uncovered last year by its then-CEO, Michael Woodford. Shareholders' equity in Olympus was 4.6 percent of its total assets as of end-March, far below the 20 percent level widely regarded as indicative of financial stability for a company. ...
Full Story | Top |
S&P ends near flat; China rate cut offset by Bernanke
Thu,7 Jun 2012 11:36 PM PDT
Reuters - NEW YORK (Reuters) - The S&P 500 ended barely changed on Thursday as optimism about China's interest-rate cut was offset by Federal Reserve Chairman Ben Bernanke's comments that dimmed hopes for more U.S. stimulus. Both the Dow industrials and the Nasdaq ended off session highs, with the Dow rising modestly for the day and the Nasdaq slipping. Stocks lost ground following Bernanke's comments a day after experiencing the best one-day rally so far this year. Over the previous three days, the S&P 500 gained 2.9 percent, recovering some of May's losses. ... Full Story | Top |
S.Africa's Telkom suspends div as profit falls
Thu,7 Jun 2012 11:29 PM PDT
Reuters - JOHANNESBURG (Reuters) - South Africa's Telkom, hit by tough competition and burdensome costs from its new mobile arm, posted a one-third drop in full-year profit and suspended its dividend. The biggest fixed-line phone operator in Africa said headline earnings per share fell to 324.7 cents in the year ended March from 484.8 cents a year earlier. The company, whose top shareholder is the government, said it would suspend dividend payments from this year as it faces a cash shortfall. ... Full Story | Top |
Shares fall on unclear US policy stimulus, Europe
Thu,7 Jun 2012 11:27 PM PDT
Reuters - TOKYO (Reuters) - Commodities from oil to copper and Asian shares tumbled on Friday, while risk aversion lifted the dollar and the yen, after Federal Reserve Chairman Ben Bernanke disappointed investors looking for a clear signal of further U.S. monetary stimulus. The reaction to Bernanke's congressional testimony, which left uncertainty over the Fed's policy decision at its June 19-20 meeting, overshadowed an initial positive reaction in global markets to a Chinese interest rate cut on Thursday. "The weaker sentiment today reflects primarily concerns about the U.S. ... Full Story | Top |
China rate cut raises fears of grim May economic data
Thu,7 Jun 2012 11:08 PM PDT
Reuters -  BEIJING (Reuters) - Global cheers over China's decision to cut interest rates faded quickly on Friday as investors and economists worried that the move signaled the impending release of some grim economic data. China's surprise rate cut unveiled late on Thursday boosted hopes that cheaper credit would help combat its faltering economic growth and it encouraged global share markets in their belief that the major economies were stepping up stimulus. ...
Full Story | Top |
Uganda eyes $400 mln loan from state pension fund
Thu,7 Jun 2012 10:55 PM PDT
Reuters - KAMPALA (Reuters) - Uganda's government is considering borrowing about $400 million from the country's sole statutory pension fund to finance the construction of roads, the president said on Thursday. Yoweri Museveni said his government needed about $4 billion to fund the construction of about 3,400 kilometres of roads and was eyeing the National Social Security Fund (NSSF) among other possible sources of credit. "NSSF doesn't have much money, it has about 2,800 billion shillings ... ... Full Story | Top |
S.Africa cbank sees growth risks, holds CPI target
Thu,7 Jun 2012 10:54 PM PDT
Reuters - DURBAN, South Africa (Reuters) - Global economic developments pose downside risks to the central bank's expectations for growth this year, while the weaker rand could fuel inflation, Reserve Bank Governor Gill Marcus said on Thursday. Speaking at a National Union of Metalworkers of South Africa congress, Marcus said the central bank was concerned about weak output in the key manufacturing sector, which accounts for about 15 percent of GDP. The Bank sees economic expansion of 2.9 percent in 2012 compared to previous expectations of 3. ... Full Story | Top |
Ghana 5-yr bond auction yield at 26 pct: cbank
Thu,7 Jun 2012 10:52 PM PDT
Reuters - ACCRA (Reuters) - The Bank of Ghana said on Thursday its 200 million cedi 5-year bond auction was oversubscribed, with 232.3 million cedis worth of bids accepted at an average yield of 26 percent. Head of Treasury Adams Nyinaku told Reuters total bids received amounted to 481.5 million cedis at rates ranging from 23.99 percent to 33 percent. Thursday's bond was the third this year after a 200 million cedi 3-year bond in February and another worth 300 million cedis offered last month. Ghana's last 5-year bond auction was in December 2011, with an average yield of 16 percent. ... Full Story | Top |
Brent crude falls below $99 on US stimulus uncertainty
Thu,7 Jun 2012 10:44 PM PDT
Reuters - SINGAPORE (Reuters) - Brent crude prices fell below $99 on Friday, pressured by uncertainty about the fragile economic recovery in top oil consumer the United States after its central bank chief offered few clues about more stimulus measures. Federal Reserve Chairman Ben Bernanke's testimony to Congress offered little encouragement to investors who were hoping the Fed would launch a third round of bond buys, or quantitative easing. Broader financial markets, from Asian shares to base metals fell, reflecting the disappointment. Brent crude for July traded $1.11 lower at $98. ... Full Story | Top |
Shares fall on unclear U.S. policy stimulus, Europe
Thu,7 Jun 2012 10:40 PM PDT
Reuters -  TOKYO (Reuters) - Commodities from oil to copper and Asian shares tumbled on Friday, while risk aversion lifted the dollar and the yen, after Federal Reserve Chairman Ben Bernanke disappointed investors looking for a clear signal of further U.S. monetary stimulus. The reaction to Bernanke's congressional testimony, which left uncertainty over the Fed's policy decision at its June 19-20 meeting, overshadowed an initial positive reaction in global markets to a Chinese interest rate cut on Thursday. "The weaker sentiment today reflects primarily concerns about the U.S. ...
Full Story | Top |
China says 100 Foxconn workers riot after eatery dispute
Thu,7 Jun 2012 10:22 PM PDT
Reuters -  BEIJING (Reuters) - About 100 workers at a southwestern China plant of Foxconn, Apple Inc's main manufacturer, went on the rampage this week after a dispute in a restaurant turned violent, a government website said. Seven workers at a Foxconn factory in Chengdu went to a restaurant near their dormitory, but began making a ruckus after an argument between the eatery's owner and his wife "affected their meal", said a statement on the Sichuan government website (www.scol.com.cn) released on Thursday. ...
Full Story | Top |
Brent crude falls below $99 on U.S. stimulus uncertainty
Thu,7 Jun 2012 10:08 PM PDT
Reuters -  SINGAPORE (Reuters) - Brent crude prices fell below $99 on Friday, pressured by uncertainty about the fragile economic recovery in top oil consumer the United States after its central bank chief offered few clues about more stimulus measures. Federal Reserve Chairman Ben Bernanke's testimony to Congress offered little encouragement to investors who were hoping the Fed would launch a third round of bond buys, or quantitative easing. Broader financial markets, from Asian shares to base metals fell, reflecting the disappointment. Brent crude for July traded $1.11 lower at $98. ...
Full Story | Top |
Insight: Intel's plans for virtual TV come into focus
Thu,7 Jun 2012 09:43 PM PDT
Reuters -  NEW YORK/SAN FRANCISCO (Reuters) - Intel is counting on facial-recognition technology for targeted ads and a team of veteran entertainment dealmakers to win over reluctant media partners for its new virtual television service. But so far it's proving a challenge to get the service off the ground, thanks to an unwillingness on the part of major media content providers to let Intel unbundle and license specific networks and shows at a discount to what cable and satellite partners pay. ...
Full Story | Top |
Former MF Global CFO under scrutiny over conflicting statements
Thu,7 Jun 2012 09:18 PM PDT
Reuters - WASHINGTON (Reuters) - When Henri Steenkamp, MF Global's chief financial officer, appeared before two congressional panels about the firm's collapse, he said he was in the dark over how some $1.6 billion in customer funds went missing. But a report from the bankruptcy trustee filed this week paints a different picture of an executive closely involved as the firm's liquidity was stretched and it began tapping into customer accounts to help fund operations. Congressional investigators have flagged the discrepancies and said they plan to examine them further. ... Full Story | Top |
Exclusive: Business software IPOs hope to trump market woes
Thu,7 Jun 2012 09:06 PM PDT
Reuters - NEW YORK (Reuters) - Data analysis software company Tableau Software and developer tools maker Atlassian are among several small, business software firms preparing to go public in the next 12 months, hoping a growing market for cloud computing will shield them from the aftermath of Facebook's botched IPO and Europe's woes. ... Full Story | Top |
| |
|
No comments:
Post a Comment