China’s power needs fuel rise in coal prices

Mining group Xstrata forecast that the market will remain robust, as China and India’s growing import requirements support demand

Read the full story on the Financial Times

Chinese IPO sentiment worsens

Market participants are now scaling back their expectations for Hong Kong and mainland China’s IPO market in 2010, predicting a year of volatility

Read the full story on the Financial Times

Speculators make €8bn bet against euro

Data from the Chicago Mercantile Exchange show net short positions against the single currency rising from 39,500 contracts to 43,700 contracts, equivalent to $7.6bn

Read the full story on the Financial Times

Areva targets solar power with US move

Areva is looking to the sun to fuel its ambitions beyond atomic energy after acquiring a US start-up that will take France’s nuclear engineering champion into the solar power market for the first time

Read the full story on the Financial Times

Xstrata sees ‘advantages’ in Glencore merger

Xstrata fuelled renewed talk of a merger with Glencore, the privately held commodities trader, with the chief executive of the miner suggesting that a union could create value

Read the full story on the Financial Times

Anglo Platinum to raise R12.5bn

Miner Anglo Platinum is to raise R12.5bn from a rights issue to help reduce debt and increase flexibility

Read the full story on the Financial Times

Local buy-out firms defy US groups in China

New private equity funds appear poised to snatch greater market share

Read the full story on the Financial Times

SAP admits it lost customers’ trust

SAP admits it has lost the trust of some of its customers as the world’s largest business software maker seeks to justify a sudden management reshuffle

Read the full story on the Financial Times

Wall Street Mixed on Economy and Debt Worries

In what is expected to be a quiet week in terms of economic news, traders are still grappling with concerns over some European countries’ debt.

Read the full story on the New York Times

Testy Conflict With Goldman Helped Push A.I.G. to Edge

The bank’s demands for billions of dollars from the insurer bled it of cash, which the government later provided.

Read the full story on the New York Times

Moody’s may upgrade MGM Mirage ratings

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service said Monday that it may upgrade the ratings for MGM Mirage after a proposal to extend the maturity on $5.55 billion of the casino operator’s debt. Moody’s has a Caa2 corporate family rating and a Caa3 probability of default rating on MGM Mirage.


Read the full story on MarketWatch

B of A ups S&P 500 earnings forecasts for 2010

NEW YORK (MarketWatch) — Bank of America Merrill Lynch raised its earnings forecast for the S&P 500 Index on Monday, citing better-than-expected performance from some sectors in 2009. For 2010, analysts led by David Bianco raised the firm’s earnings estimate to $75 from $73 a share. For 2011, he raised the estimate to $85 from $83. The firm also said it expected 2012 earnings to rise even further, to $90 a share. “The increase in our EPS estimates is mostly from technology and also from consumer discretionary and a little from healthcare,” Bianco, the firm’s chief U.S. equity strategist, wrote in a note. The technology sector added $1.50 to the 2010 and 2011 S&P 500 estimates. The analysts said they expect a strong earnings recovery on rising financial sector profits and healthy non-financial profit growth “despite a subdued US G.D.P. recovery forecast.”


Read the full story on MarketWatch

Gold ends up 1.3% as debt woes ease, hit dollar

NEW YORK (MarketWatch) — Gold futures gained more than 1% on Monday, as soothed nerves over European debt woes pressured the dollar, lifting gold’s appeal as a hedge. Gold for April delivery rose $13.40, or 1.3%, to finish at $1,066.20 an ounce at the New York Mercantile Exchange. It earlier rose to an intraday high of $1,074.30 an ounce.


Read the full story on MarketWatch

Icahn supports Thain as new CIT CEO

SAN FRANCISCO (MarketWatch) — Activist investor Carl Icahn said Monday that he supports the appointment of John Thain as chief executive of lender CIT Group . Icahn Associates, an investment firm run by Icahn, bought a lot of CIT debt and pushed for changes to the company’s board as it went through bankruptcy last year. When CIT emerged, Icahn’s firm became one of the largest shareholders of the company. “He’s a very good pick for the job,” Icahn said in an interview. “Thain has a pretty good history of operations and making things happen.” Icahn also said CIT has “great” lending platforms that could be revived with access to cheaper and more stable financing. “We’re hoping he can bring those platforms back to use,” Icahn said. “One of the things we hope would be to build the bank up to finance more loans through there.”


Read the full story on MarketWatch

Super Bowl breaks MASH’s ratings records: CBS

LOS ANGELES (MarketWatch) — Super Bowl XLIV broke a 27-year-old all-time U.S. ratings record set by the comedy series MASH, CBS Corp. officials said Monday. The Sunday telecast, in which the New Orleans Saints defeated the Indianapolis Colts 31-17, drew 106.5 million viewers. The final episode of MASH, broadcast in 1983, captured 105.97 million viewers. Both shows were broadcast by CBS.


Read the full story on MarketWatch

Portugal, Greece, Spain default worries rise

LONDON (MarketWatch) — The cost of insuring Spanish and Portuguese government debt against default via credit default swaps hit new records Monday, while the cost of insurance for Greek debt also rose, according to CMA DataVision. The spread on five-year Portuguese credit default swaps rose from 227 basis points late Friday to a record 244.06 basis points Monday. That means it would cost $244,060 a year to insure $10 million of Portuguese government debt against default for five years. The five-year Spanish CDS spread rose to a record 172.9 basis points from 166.5 late Friday. The Greek CDS spread widened to 426 basis points from 407.5 Friday.


Read the full story on MarketWatch

Dollar benefits as haven from sterling

The pound suffered after weekend polls suggested that the next UK general election would result in a hung parliament, boding ill for the widening budget deficit

Read the full story on the Financial Times

London shares recover poise as miners shine

London equities are energised by the mining sector, after well-received earnings reports from Randgold and Xstrata see traders turn their backs on last week’s flight from risk

Read the full story on the Financial Times

Wall Street posts modest gains

US stocks wavered between gains and losses as lingering concerns over sovereign debt in the eurozone overshadowed encouraging corporate results

Read the full story on the Financial Times

Overseas investors rush for Japanese assets

Japan has seen net inflows from mutual funds this year, while markets including the US, China and Hong Kong have experienced net outflows

Read the full story on the Financial Times

Page 1 of 4,63812345»...Last »

Finance Polls

Financial Crisis: Top 3 On The Blame & Shame List?

View Results

Loading ... Loading ...

RSS Recent Finance Discussions

Search this site

 (Help)

as   
Include results from
Sort by