(Bloomberg) -- The following stocks may rise or fall in German markets today. Stock symbols are in parentheses after the company names and prices are from the last Xetra close unless otherwise stated.
DAX futures expiring in June slid 65, or 0.9 percent, to 7266 at 8:20 a.m. in Frankfurt. The DAX fell 0.9 percent to 7282.34 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Wednesday, April 18, 2007
Filtrona acquires Duraco Inc for $61 mln
(Reuters) - Shares in Filtrona closed at 267 pence on Wednesday, valuing the firm at 585.6 million pounds .
Read more at Reuters.com Mergers News
Read more at Reuters.com Mergers News
UPDATE 1-Rio Tinto Q1 refined copper output rises 19 pct
(Reuters) - The Anglo-Australian miner said its refined copper output was 101,600 tonnes in the first quarter, up 19 percent compared with the same period a year ago, thanks to added output from a new plant at its giant Escondida mine in Chile.
Rio also reported a 2 percent rise in aluminium output to 211,700 tonnes. Aluminium prices rose more than 10 percent in the first quarter.
Read more at Reuters.com Market News
Rio also reported a 2 percent rise in aluminium output to 211,700 tonnes. Aluminium prices rose more than 10 percent in the first quarter.
Read more at Reuters.com Market News
Yen recovers on solid data, risk-taking caution
(Reuters) - The yen's rebound against high-yielding currencies helped pull the euro and sterling off their highs against the dollar. But the U.S. currency was still weighed down by expectations for U.S. interest rate cuts, while a monetary tightening outlook supported other currencies.
The dollar hovered near a record low against the euro and a 26-year low versus sterling.
Read more at Reuters.com Hot Stocks News
The dollar hovered near a record low against the euro and a 26-year low versus sterling.
Read more at Reuters.com Hot Stocks News
U.K. Pound May Extend Gains on Speculation BOE Will Raise Interest Rates
(Bloomberg) -- The pound may gain after touching a 25-year high yesterday on speculation accelerating inflation will prompt the Bank of England to raise interest rates twice more this year.
The U.K. currency rose to its highest since June 1981 after a report yesterday showed wages climbed at the fastest pace since 2004 and the Bank of England's minutes said two policy makers voted for higher rates this month. Earlier this week, a report showed the rate of inflation was the fastest in a decade. The BOE has raised rates three times since August to 5.25 percent.
Read more at Bloomberg Currencies News
The U.K. currency rose to its highest since June 1981 after a report yesterday showed wages climbed at the fastest pace since 2004 and the Bank of England's minutes said two policy makers voted for higher rates this month. Earlier this week, a report showed the rate of inflation was the fastest in a decade. The BOE has raised rates three times since August to 5.25 percent.
Read more at Bloomberg Currencies News
Nikkei down 2 pct on higher yen, China worry
(Reuters) - "The slump has reminded us of a bad event," said Takahiko Murai, general manager of equities at Nozomi Securities, referring to a global stock sell-off triggered by a tumble in Chinese shares in late February.
China postponed the announcement of its latest economic data from Thursday morning to the afternoon, at 0700 GMT, which some said could be an attempt by the authorities to blunt the market impact of what might be exceptionally strong figures.
Read more at Reuters.com Hot Stocks News
China postponed the announcement of its latest economic data from Thursday morning to the afternoon, at 0700 GMT, which some said could be an attempt by the authorities to blunt the market impact of what might be exceptionally strong figures.
Read more at Reuters.com Hot Stocks News
Platinum Trades at Five-Month High on Speculation ETF Will Spur Demand
(Bloomberg) -- Platinum traded at a 5-month high in Asia on speculation the introduction of an exchange-traded fund will boost demand. Platinum futures in Tokyo climbed to a record. Palladium traded at an 11-month high.
Platinum for immediate delivery rose $2, or 0.1 percent, to $1,297 an ounce at 11:57 a.m. Sydney time after earlier touching $1,297.50, its highest level since November 21. The contract rose $24, or 1.9 percent, yesterday.
Read more at Bloomberg Commodities News
Platinum for immediate delivery rose $2, or 0.1 percent, to $1,297 an ounce at 11:57 a.m. Sydney time after earlier touching $1,297.50, its highest level since November 21. The contract rose $24, or 1.9 percent, yesterday.
Read more at Bloomberg Commodities News
Textron posts higher profit, raises outlook
(Reuters) - By Scott Malone
BOSTON, April 18 - Textron Inc. on Wednesday reported higher first-quarter profit on sales of commercial jets and its U.S. government business and raised its full-year profit outlook.
Read more at Reuters.com Market News
BOSTON, April 18 - Textron Inc. on Wednesday reported higher first-quarter profit on sales of commercial jets and its U.S. government business and raised its full-year profit outlook.
Read more at Reuters.com Market News
LG Elec posts larger-than-expected Q1 loss on screens
(Reuters) - SEOUL, April 19 - LG Electronics Inc. swung to a larger than expected quarterly net loss after another dismal performance at its flat screen operations wiped out strong results at the mobile phone and appliance units.
A much-expected recovery at LG's liquid crystal display
Read more at Reuters.com Market News
A much-expected recovery at LG's liquid crystal display
Read more at Reuters.com Market News
U.S. Leading Indicators Probably Rose in March for First Time This Year
(Bloomberg) -- An index of U.S. leading economic indicators rose last month for the first time this year, signaling moderate growth in an economy struggling with slowdowns in housing and business spending, economists said before a private report today.
The Conference Board's index rose 0.1 percent after a 0.5 percent drop the month before, according to the median forecast in a Bloomberg News survey of 52 economists. The gauge points to the direction of the economy over the next three to six months.
Read more at Bloomberg Currencies News
The Conference Board's index rose 0.1 percent after a 0.5 percent drop the month before, according to the median forecast in a Bloomberg News survey of 52 economists. The gauge points to the direction of the economy over the next three to six months.
Read more at Bloomberg Currencies News
Macquarie to buy Mercury Air Centers for $456 mln
(Reuters) - Mercury operates a network of 24 fixed base operations at 22 U.S. airports and is majority owned by Allied Capital Corp. .
Macquarie said the transaction is expected to close during the third quarter.
Read more at Reuters.com Mergers News
Macquarie said the transaction is expected to close during the third quarter.
Read more at Reuters.com Mergers News
Combots, MPC Capital, Rhoen-Klinikum and Volkswagen: German Equity Preview
(Bloomberg) -- The following stocks may rise or fall in German markets.
Germany's X-DAX Index advanced 0.1 percent to 7291.36. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX fell 0.9 percent to 7282.34 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Germany's X-DAX Index advanced 0.1 percent to 7291.36. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX fell 0.9 percent to 7282.34 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Arcelor Brasil, Mexichem, Televisa, Weg: Latin American Equity Preview
(Bloomberg) -- The following stocks may make significant gains or losses in Brazil and Mexico today. Symbols are in parentheses after the company name, and stock prices are from the last session. In Brazil, preferred shares are the most commonly traded class of stock.
Brazil
Read more at Bloomberg Stocks News
Brazil
Read more at Bloomberg Stocks News
Statoil says gets Tanzania exploration area
(Reuters) - Norwegian oil and gas producer Statoil has been awarded exploration acreage in deep water off Tanzania, the company said on Wednesday.
"Statoil has signed a production sharing agreement (PSA) today, April 18, for deep water Block 2 off Tanzania in the Indian Ocean," Statoil said in a statement, adding that it was its first exploration area in the East African country.
Read more at Reuters Africa
"Statoil has signed a production sharing agreement (PSA) today, April 18, for deep water Block 2 off Tanzania in the Indian Ocean," Statoil said in a statement, adding that it was its first exploration area in the East African country.
Read more at Reuters Africa
Australian, New Zealand Dollars Decline Against Yen After Services Report
(Bloomberg) -- The Australian and New Zealand dollars dropped the most in three weeks against the yen after demand for services in Japan rose to a record and central bank Governor Toshihiko Fukui said consumer spending was solid.
Fukui's comments followed the government report and suggest he wants to raise interest rates, which would reduce Australia's 5.75 percentage point rate advantage and New Zealand's 7 point premium. Australia's dollar reached a decade high against the yen yesterday and New Zealand's currency touched the most in 17- years on optimism they were benefiting from so-called carry trades, where traders borrow and sell yen to invest in higher- yielding assets elsewhere.
Read more at Bloomberg Currencies News
Fukui's comments followed the government report and suggest he wants to raise interest rates, which would reduce Australia's 5.75 percentage point rate advantage and New Zealand's 7 point premium. Australia's dollar reached a decade high against the yen yesterday and New Zealand's currency touched the most in 17- years on optimism they were benefiting from so-called carry trades, where traders borrow and sell yen to invest in higher- yielding assets elsewhere.
Read more at Bloomberg Currencies News
Colombia's Peso Falls on Speculation Government to Limit Inflow of Capital
(Bloomberg) -- Colombia's peso declined for a third day on speculation the government will limit short-term capital inflows to stem a rally that pushed the currency to a six-year high this week.
Colombian President Alvaro Uribe said April 14 the government was willing to coordinate with the central bank on measures to set a reserve requirement on ``speculative'' investment.
Read more at Bloomberg Currencies News
Colombian President Alvaro Uribe said April 14 the government was willing to coordinate with the central bank on measures to set a reserve requirement on ``speculative'' investment.
Read more at Bloomberg Currencies News
Central European Stocks Decline, Paced by OMV on Oil; Richter Shares Rise
(Bloomberg) -- Central European stocks declined for a second day, led by OMV AG, Austria's largest oil company.
Gedeon Richter Nyrt., Hungary's biggest drugmaker, gained after Nepszabadsag reported a government coalition partner may choose a new health minister.
Read more at Bloomberg Emerging Markets News
Gedeon Richter Nyrt., Hungary's biggest drugmaker, gained after Nepszabadsag reported a government coalition partner may choose a new health minister.
Read more at Bloomberg Emerging Markets News
Chrysler Union Chief Gettelfinger Lobbies Supervisory Board Against a Sale
(Bloomberg) -- The president of the United Auto Workers, Chrysler's largest union, said he plans to ask fellow members of DaimlerChrysler AG's supervisory board not to sell the money-losing U.S. automaker.
UAW President Ron Gettelfinger is one of 10 labor representatives on the 20-member supervisory board of Stuttgart, Germany-based DaimlerChrysler. The board's composition is set by German law.
Read more at Bloomberg Exclusive News
UAW President Ron Gettelfinger is one of 10 labor representatives on the 20-member supervisory board of Stuttgart, Germany-based DaimlerChrysler. The board's composition is set by German law.
Read more at Bloomberg Exclusive News
Vitol May Purchase Fujairah Oil Refinery as UAE Increases Crude Production
(Bloomberg) -- Vitol Group, a closely held, Netherlands-based commodities trader, is in negotiations to buy an oil processing unit from United Arab Emirates-based Fujairah Refinery Co., said Siavash Ali Shaboo, the facility's manager.
Vitol is considering purchasing Fujairah's 80,000 barrel-a- day refinery, Shaboo said. Officials from Vitol weren't available to comment.
Read more at Bloomberg Energy News
Vitol is considering purchasing Fujairah's 80,000 barrel-a- day refinery, Shaboo said. Officials from Vitol weren't available to comment.
Read more at Bloomberg Energy News
U.S. Stock-Index Futures Decline; IBM, Yahoo Shares Fall After Earnings
(Bloomberg) -- U.S. stock-index futures dropped after profit reports from International Business Machines Corp. and Yahoo! Inc. disappointed some investors, reviving concern that earnings growth is slowing.
IBM, the world's biggest computer-services company, fell after it signed services contracts totaling $11.1 billion, short of some analysts' estimates. Yahoo, owner of the most-visited U.S. Web site, tumbled after profit and sales trailed forecasts.
Read more at Bloomberg Stocks News
IBM, the world's biggest computer-services company, fell after it signed services contracts totaling $11.1 billion, short of some analysts' estimates. Yahoo, owner of the most-visited U.S. Web site, tumbled after profit and sales trailed forecasts.
Read more at Bloomberg Stocks News
Illinois Tool posts higher quarterly profit
(Reuters) - Analysts had expected ITW, which makes fasteners, food service and welding equipment, counter-top materials and other products, to earn 71 cents a share, according to Reuters Estimates.
Last month, ITW reiterated it expected to earn in the range of 69 cents to 73 cents a share in the first quarter.
Read more at Reuters.com Market News
Last month, ITW reiterated it expected to earn in the range of 69 cents to 73 cents a share in the first quarter.
Read more at Reuters.com Market News
US STOCKS-Wall St seen falling on tech, JP Morgan up
(Reuters) - NEW YORK, April 18 - U.S. stock futures pointed to a lower open on Wall Street on Wednesday, dragged down by investor concerns about technology spending after disappointing results from Yahoo Inc. and brokerage downgrades of IBM.
JPMorgan Chase & Co. , the No. 3 U.S. bank, reported a 55 percent rise in quarterly profit, which sent its shares higher and lent brief support to futures. For details, see [ID:nN18454450].
Read more at Reuters.com Bonds News
JPMorgan Chase & Co. , the No. 3 U.S. bank, reported a 55 percent rise in quarterly profit, which sent its shares higher and lent brief support to futures. For details, see [ID:nN18454450].
Read more at Reuters.com Bonds News
BCE, Connacher Oil and Gas, Fortis and Jean Coutu: Canada Equity Preview
(Bloomberg) -- The following is a list of companies whose shares may have unusual price changes in Canadian markets today. This preview includes news that broke after markets closed. Symbols are in parentheses after company names and prices are from the last close.
The Standard & Poor's/TSX Composite Index fell 2.03 to 13,657.95 in Toronto.
Read more at Bloomberg Stocks News
The Standard & Poor's/TSX Composite Index fell 2.03 to 13,657.95 in Toronto.
Read more at Bloomberg Stocks News
UPDATE 1-JPMorgan earnings rise, boosted by investment bank
(Reuters) - Net income rose to $4.8 billion, or $1.34 a share from $3.1 billion, or 86 cents, a year ago.
Results were boosted by a one-time gain of $391 million, or 11 cents a share from the adoption of a new accounting rule.
Read more at Reuters.com Market News
Results were boosted by a one-time gain of $391 million, or 11 cents a share from the adoption of a new accounting rule.
Read more at Reuters.com Market News
UPDATE 1-United Tech profit up 6.6 pct, aerospace a boost
(Reuters) - United Technologies, which makes products ranging from Otis elevators to Black Hawk military helicopters, reported profit of $819 million, or 82 cents per share. The company earned $768 million, or 76 cents per share, a year earlier.
Analysts, on average, expected profit of 81 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
Analysts, on average, expected profit of 81 cents per share, according to Reuters Estimates.
Read more at Reuters.com Market News
United Tech profit up 6.6 pct, aerospace a boost
(Reuters) - Analysts, on average, expected profit of 81 cents per share, according to Reuters Estimates.
Revenue came in at $12.28 billion, up 15.7 percent from $10.62 billion a year earlier. Analysts, on average, had expected $11.47 billion, according to Reuters Estimates.
Read more at Reuters.com Business News
Revenue came in at $12.28 billion, up 15.7 percent from $10.62 billion a year earlier. Analysts, on average, had expected $11.47 billion, according to Reuters Estimates.
Read more at Reuters.com Business News
Polish Shares Climb to Record on Soccer Bid; Budimex, Builders Lead Rally
(Bloomberg) -- Polish stocks climbed to an all- time high after the country along with Ukraine won a joint bid to host soccer's 2012 European Championship. Budimex SA, the nation's largest builder, surged 21 percent.
Polimex-Mostostal SA, a construction group, and Orbis SA, Poland's biggest hotel chain, also paced the gains.
Read more at Bloomberg Stocks News
Polimex-Mostostal SA, a construction group, and Orbis SA, Poland's biggest hotel chain, also paced the gains.
Read more at Bloomberg Stocks News
UPDATE 1-Japan's Ota says tax hike may not be needed
(Reuters) - "If we cut spending as much as possible and if we can boost economic growth as much as possible, we may be able to achieve primary balance without raising tax," Ota said in a speech, without elaborating.
Many economists expect the Japanese government will need to raise consumption tax by 2011-2012 to finance its growing spending on pension and other social security services.
Read more at Reuters.com Bonds News
Many economists expect the Japanese government will need to raise consumption tax by 2011-2012 to finance its growing spending on pension and other social security services.
Read more at Reuters.com Bonds News
Lagardere chief vows never to sell company-report
(Reuters) - Lagardere, who is also the co-chairman of European aerospace group EADS , told Le Point that although the controversial pay-off to Noel Forgeard, the former head of aircraft maker Airbus, might seem "shocking", it was part of his contract.
Commenting on speculation over his future at the helm of Lagardere SCA, which is structured as a general partnership, Lagardere said: "Let it be known that I do not want to sell the company and that I will never sell it."
Read more at Reuters.com Mergers News
Commenting on speculation over his future at the helm of Lagardere SCA, which is structured as a general partnership, Lagardere said: "Let it be known that I do not want to sell the company and that I will never sell it."
Read more at Reuters.com Mergers News
Oil Declines; U.S. Crude Supply Is Expected to Meet Demand From Refineries
(Bloomberg) -- Crude oil fell amid expectations supplies of crude will meet demand from refineries working to produce more fuel before the summer driving season.
A U.S. government report later today will probably show refiners used 88.7 percent of their capacity last week, a three- month high and the fifth straight increase, according to a Bloomberg News survey of analysts. Crude-oil stockpiles probably climbed 650,000 barrels last week.
Read more at Bloomberg Energy News
A U.S. government report later today will probably show refiners used 88.7 percent of their capacity last week, a three- month high and the fifth straight increase, according to a Bloomberg News survey of analysts. Crude-oil stockpiles probably climbed 650,000 barrels last week.
Read more at Bloomberg Energy News
CIT quarterly profit rises
(Reuters) - Excluding certain items, the company posted earnings of $1.30 a share, up from $1.13 in the year-ago period. Analysts on average expected earnings of $1.27 a share, before special items, according to Reuters Estimates.
Read more at Reuters.com Bonds News
Read more at Reuters.com Bonds News
Danish shipper Torm sees synergies in OMI deal
(Reuters) - Oil tanker operator OMI Corp. said on Tuesday it agreed to be bought by Teekay and Torm for $29.25 a share in cash, valuing the company at nearly $2 billion.
Teekay will keep OMI's Suezmax operations and eight product tankers, and Torm will buy its remaining 26 product tankers.
Read more at Reuters.com Mergers News
Teekay will keep OMI's Suezmax operations and eight product tankers, and Torm will buy its remaining 26 product tankers.
Read more at Reuters.com Mergers News
Anglo American's Kumba Ordered to Withdraw From Senegal Iron-Ore Project
(Bloomberg) -- Anglo American Plc's Kumba Iron Ore Ltd., the world's fourth-largest iron-ore producer, withdrew from the Faleme iron-ore project after the Senegalese government ordered it to do so.
``Kumba has instituted summary proceedings in Senegal'' because its contractual rights to the project were violated by the government, the Pretoria, South Africa-based company said today in a statement to the Johannesburg stock exchange. It will seek international arbitration, it added.
Read more at Bloomberg Commodities News
``Kumba has instituted summary proceedings in Senegal'' because its contractual rights to the project were violated by the government, the Pretoria, South Africa-based company said today in a statement to the Johannesburg stock exchange. It will seek international arbitration, it added.
Read more at Bloomberg Commodities News
White Sugar and Coffee Gain on Euronext.liffe in London; Cocoa Unchanged
(Bloomberg) -- White sugar and coffee futures gained in London. Cocoa was unchanged.
Sugar futures climbed 70 cents, or 0.2 percent, to $321.20 a metric ton as of 9:44 a.m. local time on the Euronext.liffe exchange.
Read more at Bloomberg Commodities News
Sugar futures climbed 70 cents, or 0.2 percent, to $321.20 a metric ton as of 9:44 a.m. local time on the Euronext.liffe exchange.
Read more at Bloomberg Commodities News
Crude Oil Pares Gains on Expectations Refiners Can Handle Demand for Fuel
(Bloomberg) -- Crude oil pared gains amid speculation refineries will have enough supplies to make fuel to meet demand during the summer driving season.
Crude oil for May delivery rose as much as 30 cents, or 0.5 percent, to $63.40 a barrel in after-hours electronic trading on the New York Mercantile Exchange. The contract, which expires at the end of this week, was at $63.12 at 9:54 a.m. in London. The more actively traded June contract fell 2 cents to $64.44.
Read more at Bloomberg Energy News
Crude oil for May delivery rose as much as 30 cents, or 0.5 percent, to $63.40 a barrel in after-hours electronic trading on the New York Mercantile Exchange. The contract, which expires at the end of this week, was at $63.12 at 9:54 a.m. in London. The more actively traded June contract fell 2 cents to $64.44.
Read more at Bloomberg Energy News
European Stocks Decline, Led by Nokia, GlaxoSmithKline; Adidas Shares Gain
(Bloomberg) -- European stocks fell for the first time in four days after U.S. companies including Yahoo! Inc. and International Business Machines Corp. reported earnings that disappointed some investors.
Nokia Oyj and Atos Origin SA led technology-related shares lower. GlaxoSmithKline Plc and BP Plc paced a slide by exporters after the dollar weakened against regional currencies. Adidas AG rose to a record after Financial Times Deutschland reported Apax Partners Worldwide LLP may buy a stake in the company.
Read more at Bloomberg Stocks News
Nokia Oyj and Atos Origin SA led technology-related shares lower. GlaxoSmithKline Plc and BP Plc paced a slide by exporters after the dollar weakened against regional currencies. Adidas AG rose to a record after Financial Times Deutschland reported Apax Partners Worldwide LLP may buy a stake in the company.
Read more at Bloomberg Stocks News
CVC among bidders for C-C Amatil's S.Korea ops
(Reuters) - SEOUL, April 18 - Private equity fund CVC is among bidders for Australian soft drinks company Coca-Cola Amatil's South Korean business, a source familiar with the situation told Reuters on Wednesday.
Coca-Cola's Mexico unit Femsa , and South Korea's Samlip General Foods submitted letters of interest last week to buy the South Korean arm, the source said.
Read more at Reuters.com Mergers News
Coca-Cola's Mexico unit Femsa , and South Korea's Samlip General Foods submitted letters of interest last week to buy the South Korean arm, the source said.
Read more at Reuters.com Mergers News
European Government Bonds Gain for Third Day; 10-Year Yield Falls to 4.15%
(Bloomberg) -- European government bonds advanced for a third day in London, their longest winning run in five weeks.
The yield on the benchmark 10-year German bund fell 3 basis points to 4.15 percent by 9:10 a.m. in London, near its lowest in a week. The price of the 3.75 percent bond due January 2017 rose 0.20, or 2 euros per 1,000 euro ($1,355) face amount to 96.81. Bond yields move inversely to prices.
Read more at Bloomberg Bonds News
The yield on the benchmark 10-year German bund fell 3 basis points to 4.15 percent by 9:10 a.m. in London, near its lowest in a week. The price of the 3.75 percent bond due January 2017 rose 0.20, or 2 euros per 1,000 euro ($1,355) face amount to 96.81. Bond yields move inversely to prices.
Read more at Bloomberg Bonds News
UPDATE 1-Two drug approvals to boost Glaxo's Japanese sales
(Reuters) - Advair, which is also sold as Seretide, will be marketed under a new name -- Adoair -- in Japan.
It will be the first combination respiratory medicine targeting both inflammation and bronchoconstriction in Japan, though AstraZeneca Plc also hopes to launch its rival two-in-one inhaler Symbicort before too long.
Read more at Reuters.com Government Filings News
It will be the first combination respiratory medicine targeting both inflammation and bronchoconstriction in Japan, though AstraZeneca Plc also hopes to launch its rival two-in-one inhaler Symbicort before too long.
Read more at Reuters.com Government Filings News
European Stocks Drop, Led by GlaxoSmithKline, BP; Adidas Shares Advance
(Bloomberg) -- European stocks fell for the first time in four days after the dollar weakened against regional currencies, raising concern earnings at exporters will drop. GlaxoSmithKline Plc and BP Plc led the slide.
The Dow Jones Stoxx 600 Index dropped 0.2 percent to 387.1 at 8:18 a.m. in London, falling from its highest since October 2000. The Stoxx 50 fell 0.2 percent and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, lost 0.4 percent.
Read more at Bloomberg Stocks News
The Dow Jones Stoxx 600 Index dropped 0.2 percent to 387.1 at 8:18 a.m. in London, falling from its highest since October 2000. The Stoxx 50 fell 0.2 percent and the Euro Stoxx 50, a measure for the 13 nations sharing the euro, lost 0.4 percent.
Read more at Bloomberg Stocks News
European Investment Bank to Begin Romanian Bond Sale, Seeking $61 Million
(Bloomberg) -- The European Investment Bank, the lending arm of the European Union, will start selling 150 million lei ($61 million) of seven-year bonds this month, its first debt sale in the Romanian currency.
The subscription period for the bond sale, which will be managed by ABN Amro Bank Romania SA, will begin April 26 and end May 4, the EIB said in an e-mailed statement today. It said the sale could be doubled to 300 million lei.
Read more at Bloomberg Bonds News
The subscription period for the bond sale, which will be managed by ABN Amro Bank Romania SA, will begin April 26 and end May 4, the EIB said in an e-mailed statement today. It said the sale could be doubled to 300 million lei.
Read more at Bloomberg Bonds News
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