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Stock futures higher as G8 wants Greece in euro NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro. On Saturday, G8 leaders stressed that their "imperative is to promote growth and jobs" and gave verbal backing for Greece to stay in the euro, but despite calls from the United States for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt problems. ...
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Stock futures higher as G8 wants Greece in euro NEW YORK (Reuters) - Stock index futures rose on Monday after Wall Street posted its worst weekly loss for the year and on assurances that world powers want debt-laden Greece to remain in the euro. On Saturday, G8 leaders stressed that their "imperative is to promote growth and jobs" and gave verbal backing for Greece to stay in the euro, but despite calls from the United States for immediate moves to boost growth, no sign emerged that Germany would soften its stance on austerity as the cure for Europe's debt problems. ...
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Mauritius tourism earnings up 15.6 pct in Q1 PORT LOUIS (Reuters) - Tourism revenues in Mauritius rose 15.6 percent in the first quarter to March compared to a year ago although arrivals were slightly lower, data showed on Monday. "Gross tourism receipts for the first quarter of 2012 were estimated by the Bank of Mauritius at 13.81 billion rupees... compared to 11.94 billion estimated for the same period in 2011," Statistics Mauritius said in a statement. It said 261,995 tourists visited the Indian Ocean island in the first three months of the year, slightly less than the 262,626 visitors a year ago. ...
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Facebook IPO trading glitch may cost Nasdaq over $100 mlnWashington, May 21 (ANI): A trading glitch at Nasdaq during last Friday's Initial Public Offering for Facebook may end up costing the American stock exchange nearly a 100 million dollars to compensate the losses, according to a report. |
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Cambodia launches first ever life insurancePhnom Penh (Cambodia), May 21 (Xinhua-ANI): Cambodia launched the first ever life insurance here with the official inauguration of Cambodian Life Insurance Company (Cambodian Life) on Monday, seen as another landmark in the kingdom's financial market after the opening of stock market in mid-April. |
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Pioneer Food first-half earnings fall JOHANNESBURG (Reuters) - South African Pioneer Food Group posted a 44 percent drop in first-half earnings on Monday, hit by costs related to an empowerment transaction and soft consumer spending. The group, which makes bread, breakfast cereal and juices, said diluted headline earnings per share for the six months to end-March totaled 129 cents from 231.4 cents a year earlier. Headline earnings are the main profit gauge in South Africa and exclude certain one-off, financial and non-trading items. ...
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MIDCAP-Singapore's Olam lags on earnings quality in consumer staplesSingapore's Olam International emerges as the worstperformer on earnings quality (EQ) among 15 companies in thecountry's consumer staples sector, Thomson Reuters StarMine datashows. The data includes firms covered by at least three analysts. The company fares badly with an EQ score of 2, suggestingpoor earnings sustainability. Since May 16, 11 out of 25 analysts have cut their EPSestimates on Olam by 12.5 percent for the year ending June 2012. A five star analyst predicts revenue for June 2012 to beless than the mean estimate by 10.8 percent while anotherexpects it to be lower by 7.4 percent. ... |
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Nasdaq to revamp system after tech problems on Facebook IPO: WSJ (Reuters) - The Nasdaq is planning to revamp its systems for handling stock offerings after acknowledging that technology problems had affected trading in millions of newly issued Facebook shares on Friday, the Wall Street Journal reported. Individual investors were left in the dark for hours on Friday about whether their buy and sell orders for Facebook shares had actually been executed, in the latest of a series high-profile exchange glitches. ...
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