September 20, 2005
Chilean President Ricardo Lagos announced on Tuesday that his country could sign a free trade agreement with China as soon as November. Such an agreement would join together the world’s biggest producer of copper with the biggest consumer of that metal. Twenty-five percent of Chile’s trade is conducted with Asian countries. Chile already has a free-trade agreement with South Korea and it is looking at negotiating such ...
Chile seeks free trade with China
by Brian TurnerChilean President Ricardo Lagos announced on Tuesday that his country could sign a free trade agreement with China as soon as November. Such an agreement would join together the world’s biggest producer of copper with the biggest consumer of that metal. Twenty-five percent of Chile’s trade is conducted with Asian countries. Chile already has a free-trade agreement with South Korea and it is looking at negotiating such ...
September 19, 2005
Europe’s biggest post office, Deutsche Post, announced on Monday that its board and the board of Exel had agreed over the weekend that the German group will acquire the UK logistics company for around £3.7 billion ($6.7 billion). The offer, a combination of cash and shares, puts a value of around £12.40 per share on Exel. The deal will create the world’s largest logistics group, employing about 500,000. ...
Deutsche Post to acquire Exel
by Brian TurnerEurope’s biggest post office, Deutsche Post, announced on Monday that its board and the board of Exel had agreed over the weekend that the German group will acquire the UK logistics company for around £3.7 billion ($6.7 billion). The offer, a combination of cash and shares, puts a value of around £12.40 per share on Exel. The deal will create the world’s largest logistics group, employing about 500,000. ...
September 16, 2005
The New York equities markets were up on Friday but saw declines for the week. The Dow Jones Industrial Average gained 0.8 percent for the day but fell by 0.3 percent over the week to close at 10,641.94, while the Nasdaq composite added 0.7 percent on the day but lost 0.7 percent for the week to 2,160.35 at the close on Friday and the S&P 500 was up 0.8 ...
NYSE equities up but decline on week
by Brian TurnerThe New York equities markets were up on Friday but saw declines for the week. The Dow Jones Industrial Average gained 0.8 percent for the day but fell by 0.3 percent over the week to close at 10,641.94, while the Nasdaq composite added 0.7 percent on the day but lost 0.7 percent for the week to 2,160.35 at the close on Friday and the S&P 500 was up 0.8 ...
September 15, 2005
In its interim earnings report, French defense electronics manufacturer Thales said on Thursday that its revenues have risen 4 percent to €4.75 billion due to higher sales in five of its six divisions as its orders were beginning to increase once again, and were up 6 percent. However, net profits in the first half were limited to €170 million, down €1 million from the same period last year. ...
Thales reports stronger revenues
by Brian TurnerIn its interim earnings report, French defense electronics manufacturer Thales said on Thursday that its revenues have risen 4 percent to €4.75 billion due to higher sales in five of its six divisions as its orders were beginning to increase once again, and were up 6 percent. However, net profits in the first half were limited to €170 million, down €1 million from the same period last year. ...
September 14, 2005
Despite a sharp fall in shares of Baidu.com, the Chinese internet company, the Bank of New York’s index of leading foreign shares traded in the United States gained 0.6 percent on Wednesday. The index of leading Asian ADRs was also up, by 0.5 percent to 119.11, despite the trouble for Baidu.com, which lost nearly 21 percent to $89.84, when two of the banks that managed the company’s initial public ...
ADR’s gain despite Baidu losses
by Brian TurnerDespite a sharp fall in shares of Baidu.com, the Chinese internet company, the Bank of New York’s index of leading foreign shares traded in the United States gained 0.6 percent on Wednesday. The index of leading Asian ADRs was also up, by 0.5 percent to 119.11, despite the trouble for Baidu.com, which lost nearly 21 percent to $89.84, when two of the banks that managed the company’s initial public ...
September 13, 2005
Losses in the retail sector took the New York equities markets lower on Tuesday despite data that showed the trade deficit lower and gains in the producer price index smaller than anticipated. The Dow Jones Industrial Average lost 0.8 percent to 10,597.44, the Nasdaq composite was down by 0.5 percent to 2,171.75, and the S&P 500 dropped 0.8 percent to 1,231.21. The retail sector was led down by ...
New York equities markets lower on retail losses
by Brian TurnerLosses in the retail sector took the New York equities markets lower on Tuesday despite data that showed the trade deficit lower and gains in the producer price index smaller than anticipated. The Dow Jones Industrial Average lost 0.8 percent to 10,597.44, the Nasdaq composite was down by 0.5 percent to 2,171.75, and the S&P 500 dropped 0.8 percent to 1,231.21. The retail sector was led down by ...
September 7, 2005
Concerns about inflation, higher interest rates, and declines in crude oil prices sent shares of foreign companies traded in the United States lower on Wednesday. The Bank of New York’s index of leading ADRs fell 0.3 percent as retailers and oil stocks were lower on the day. Fueling investors’ worries was a US government report that lower productivity and higher wage costs could lead to inflation and inflation ...
Inflation concerns hit foreign ADRs
by Brian TurnerConcerns about inflation, higher interest rates, and declines in crude oil prices sent shares of foreign companies traded in the United States lower on Wednesday. The Bank of New York’s index of leading ADRs fell 0.3 percent as retailers and oil stocks were lower on the day. Fueling investors’ worries was a US government report that lower productivity and higher wage costs could lead to inflation and inflation ...
September 2, 2005
Latin American stocks led the way among foreign companies trading on US stock exchanges on Friday. The Bank of New York’s index of leading Latin American ADRs hit 174.39, its highest level ever and a gain of 0.7 percent on the day. Asian and European stocks traded in New York were also high on the day, with the index of leading European ADRs up 0.4 percent to 133.05 ...
Latin stocks lead on ADR
by Brian TurnerLatin American stocks led the way among foreign companies trading on US stock exchanges on Friday. The Bank of New York’s index of leading Latin American ADRs hit 174.39, its highest level ever and a gain of 0.7 percent on the day. Asian and European stocks traded in New York were also high on the day, with the index of leading European ADRs up 0.4 percent to 133.05 ...
