finance

Air France-KLM plans eyes USD2.53b debt slash

by on February 11, 2012

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(MENAFN) Air France-KLM said that by the end of 2014, the airline would reduce its debt by USD2.53 billion, reported Gulf News. The Franco-Dutch group added that it would suspend staff salaries, …

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Air France-KLM plans eyes USD2.53b debt slash

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US- Aon to move headquarters to UK

by on February 11, 2012

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(MENAFN) Aon, the giant reinsurance broker, said that in order to gain greater financial flexibility and accessibility to emerging markets, the firm would relocate headquarters from Chicago to …

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US- Aon to move headquarters to UK

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Greece on strike as bailout deal in limbo

February 11, 2012

(MENAFN – Saudi Press Agency) Greek railway, ferry and public transport schedules are suspended while public services face severe disruptions as unions launch a two-day strike against further …

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China January exports fall 0.5% yr/yr

February 11, 2012

(MENAFN – Saudi Press Agency) China’s exports in January fell 0.5 percent from a year earlier, the official Xinhua news agency reported on Friday, well below market expectations for a rise of 4.8 …

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Hong Kong to face labour shortage by 2018

February 11, 2012

(MENAFN – Saudi Press Agency) A growing elderly population and low birth rate are threatening to leave Hong Kong with a labour shortage by as early as 2018, dpa quoted a government study as …

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Guaranty Bancorp Announces New Board Member

February 10, 2012

Keith R. Finger Brings Significant Energy and Financial Expertise to the Role

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LinkedIn Q4 income surges to USD6.9m

February 10, 2012

(MENAFN) LinkedIn Corp. said that during the fourth quarter, income grew to reach USD6.9 million, compared with USD1.6 million in 2010, reported AP. The Mountain View, Calif.-based company added …

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China Jan exports, imports down on weak global demand

February 10, 2012

(MENAFN) China’s customs said that last month, the country’s trade dropped due to a decline in global demand and the Lunar New Year holiday, reported AP. The customs added that in the period, …

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Lam Research Names New CEO, Martin Anstice, to Board

February 9, 2012

FREMONT, CA–(Marketwire – Feb 9, 2012) – Lam Research Corp. ( NASDAQ : LRCX ), a leading global supplier of semiconductor wafer fabrication equipment and services, today announced the expansion of its board of directors with the addition of Martin Anstice, the company’s president and chief executive officer.

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Governor Rick Scott Appoints William Bracken to Board of Professional Engineers

February 9, 2012

TAMPA, FL–(Marketwire – Feb 9, 2012) – Today the Florida State Senate approved Governor Rick Scott’s appointment of William C. Bracken to the Board of Professional Engineers. Mr. Bracken of Tampa is the president and principal engineer of Bracken Engineering Inc. He fills the vacancy created by the death of H. D. Wallis and is appointed for a term beginning January 30, 2012, and ending October 31, 2015.

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CommerceTel Appoints Tim Schatz as Its CFO

February 9, 2012

SAN DIEGO, CA–(Marketwire – Feb 9, 2012) – CommerceTel Corporation ( OTCBB : MFON ) (“CommerceTel” or “Company”), an award-winning provider of proprietary mobile marketing technologies and solutions, announced that the board of directors has appointed Tim Schatz as the Company’s Chief Financial Officer, effective February 1, 2012.

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Asian Activities Report for February 9, 2012: Pacific Basin Shipping Limited (HKG:2343) Forms Alliance with Crowley Maritime Corporation

February 9, 2012

http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp Pacific Basin Shipping Limited (HKG:2343), one of the world’s leading operators of modern handysize and handymax dry bulk vessels and a …

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NCS International Certifies Worlds First Company Against Global Sustainable Biofuels Benchmark

February 9, 2012

http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp NCS International (“NCSI”) has certified the world’s first organization against the Principles and Criteria of the Roundtable on Sustainable …

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Blackham Resources Limited (ASX:BLK) Drilling Programme Commences at Matilda Gold Mine

February 9, 2012

http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp Blackham Resources Limited (ASX:BLK) is pleased to announce that following the recent publication of its initial resource statement, it has …

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Yen Falls as Japanese Economic Data Falters More than Expected

February 9, 2012

THE TAKEAWAY:Japanese Machine Orders fell 7.1 percent since last month and rose 6.5 percent since last year > Economic data is weaker than what analysts expected > USDJPY rallies to …

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Major Currencies Unfazed as Chinese Inflation Unexpectedly Jumps

February 9, 2012

THE TAKEAWAY: Chinese inflation unexpectedly accelerated in December > AUD, NZD dip slightly on lowered Chinese rate cut bets > Impact fades quickly as Eurozone issues stay in focus Chinese …

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HazelTree Fires Up to Manage New Growth

February 9, 2012

Sandeep Rawal Named CTO as Firm’s Client Base Triples in Its First Year

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Chinese consumer prices rise to 4.5% in January

February 9, 2012

(MENAFN) China’s consumer prices rose to 4.5 percent in January from a year ago, which may dash hopes that the country’s central bank will easy monetary policy to boost growth, CNN …

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Signature Group Holdings, Inc. Announces Departure of Kenneth Grossman as President

February 9, 2012

SHERMAN OAKS, CA–(Marketwire – Feb 9, 2012) – Signature Group Holdings, Inc. (the “Company” or “Signature”) ( PINKSHEETS : SGGH ) today announced the resignation of its President, Kenneth S. Grossman. He is expected to depart the Company in April following the filing of the Company’s 2011 Form 10-K with the SEC. Signature has entered into a consulting agreement with Mr. Grossman pursuant to which Mr. Grossman will continue to provide advice and counsel to Craig Noell, the Company’s Chief Executive Officer. Mr. Grossman will also continue to work with Mr. Noell and Signature’s corporate development staff to identify acquisition and other opportunities to the Company. “We are sorry to see Ken depart,” said John Nickoll, Chairman of the Board, “he is a savvy investment professional with expertise and strong relationships in the distressed arena, and I understand his desire to return to that environment.”

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Finnair reports USD43.3m loss in Q4

February 9, 2012

(MENAFN) Finnair PLC reported USD43.27 million in loss in the fourth quarter, USD7.98 million down from a year earlier, AP reported. The company said also that revenue in the period grew 12 …

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US Jan budget deficit down to USD27b

February 9, 2012

(MENAFN) The Congressional Budget Office (CBO) said that last month, the budget deficit contracted by around half to USD27 billion, from USD50 million in 2011′s same period, reported Khaleej …

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Argentina to Raise Falklands UK ‘Militarization’ at UN

February 9, 2012

(MENAFN – Qatar News Agency) Argentina is to make a formal complaint to the United Nations about British “militarization” around the disputed Falkland Islands. Argentina’s President Cristina …

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Eight Killed in US Drone Strike in Pakistan

February 9, 2012

(MENAFN – Qatar News Agency) A missile attack by an unmanned US drone aircraft in north-west Pakistan has killed eight people, Pakistani security officials said. The missiles struck a camp about …

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Japan Current Account Posts Biggest Drop in 26 Years

February 9, 2012

(MENAFN – Qatar News Agency) Japan’s current account surplus plunged more than 40 % in 2011, the largest drop in 26 years. The decline came as the March disaster sent the nation’s trade balance …

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Iran’s exports of handmade carpets reach USD439m in 10 months

February 9, 2012

(MENAFN) Iran’s National Carpet Center said that during the first 10 months of the current Iranian calendar year, the country’s exports of handmade carpets reached USD439 million, reported Tehran …

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Yen Little Changed as Japanese Consumer Confidence Prints Higher

February 9, 2012

THE TAKEAWAY: The Japanese Consumer Confidence Index rose > Though the increase from the previous month was unexpected, its effect on markets was minimal > No change in USDJPY trend The …

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China and Canada sign a series of trade accords

February 9, 2012

(MENAFN – Saudi Press Agency) China and Canada on Wednesday signed a series of agreements to boost modest levels of bilateral trade, including a deal that Ottawa said should allow the immediate …

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Markets tentatively higher in early going

February 9, 2012

(MENAFN – Saudi Press Agency) U.S. stock indexes rose modestly Wednesday morning following gains in Asia and Europe, according to UPI. Gains were muted with investors keeping a sharp focus on …

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Romney still struggles to seal the deal

February 9, 2012

(MENAFN – Arab News) Mitt Romney’s march to a possible Republican presidential nomination just got a lot longer and harder. Front-runner Romney left Tuesday’s round of three nominating contests …

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Bridge southern Europe and the Mediterranean

February 9, 2012

(MENAFN – Arab News) AT the beginning of 2012, Europe faces two simultaneous crises. Alongside the continuing instability of the euro zone lies the risk that the Arab uprisings could implode if …

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Polycom Names Eric Brown Chief Financial Officer and Chief Operating Officer

February 8, 2012

Company Consolidates Financial, Operational, and IT Functions Under Brown to Increase Efficiency and Scale

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Breker Verification Systems Closes Calendar Year 2011 With 150% Growth

February 8, 2012

Relocates to Silicon Valley, Adds EDA Entrepreneur Michel Courtoy to Board of Directors

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Awarepoint Expands Board of Directors and Adds Seasoned Executives to Support Expanded Growth

February 8, 2012

Company Appoints Former Eclipsys CEO R. Andrew Eckert to Board, Carlene Anteau as Vice President of Product Marketing, and Erica Davidson as Vice President of Human Resources

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German exports grow USD1.3tr in 2011

February 8, 2012

(MENAFN) German exports rose 11.4 percent to USD1.3 trillion last year, but it may decline this year on slower economy, AP reported. The Federal Statistical Office said that Germany exported …

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Nissan reports 3.2% increase in Q3 profit

February 8, 2012

(MENAFN) Japan’s Nissan Motor Co. reported 3.2 percent increase in profits in it’s fiscal third quarter over strong sales, AP reported. Nissan said it made a profit of USD1.07 billion in the …

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France’s 2011 trade deficit jumps 35.1%

February 8, 2012

(MENAFN) France’s customs services office said that last year, trade deficit surged by 35.1 percent from the previous year to USD91.2 billion, reported Xinhua News. The customs figures showed …

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Nokia plans to slash 8% of workforce

February 8, 2012

(MENAFN) Nokia said that the firm would slash 8 percent of its workforce in 2012, reported Reuters. The firm, which had 130,000 staff at the end of 2011, including Nokia Siemens, added that the …

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Market Vibrations: News and Commentary from the Europe Desk (0855 GMT)

February 8, 2012

0855 GMT: A report is going around that Germany has proposed postponing the majority of new Greek aid. Apparently the headline comes from FT Deutschland. However, the Greek newspaper Naftemboriki …

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Levi Strauss Q4 income down to USD44m

February 8, 2012

(MENAFN) Levi Strauss & Co. said that net income in the fourth quarter dropped to USD44 million from USD86 million in 2010′s same period, reported AP. The company added that revenue for the …

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IMF Cuts China’s 2012 Economic Growth to 8.25%

February 8, 2012

(MENAFN – Qatar News Agency) The International Monetary Fund (IMF) has cut its forecast for China’s 2012 economic growth to 8.25% from the 9% projected in September, and it warned that exports would …

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Euro/Scandi Crosses Looking to Break Higher Post Short-Term Weakness

February 8, 2012

Eur/SekThe market remains under some intense pressure, with the latest setbacks threatening a return to the key lows from early 2011 by 8.70. However, daily studies are now tracking in oversold …

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NZD/USD Classical Technical Report 02.08

February 8, 2012

NZD/USD: Although the market remains very well bid after taking out the key October highs by 0.8240, daily studies are highly overbought and warn of a near-term pullback. From here, next key …

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USD/CAD Classical Technical Report 02.08

February 8, 2012

USD/CAD: Our constructive outlook remains intact despite the latest interday pullback with the market largely still consolidating around parity ahead of what we believe will be an eventual retest …

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GBP/JPY Classical Technical Report 02.08

February 8, 2012

GBP/JPY: The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 122.05 confirming a fresh higher low by 119.60and opening a fresh upside …

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USD/JPY Classical Technical Report 02.08

February 8, 2012

USD/JPY:The market could once again be looking to carve an interim base after setbacks stalled shy of the record lows from October by 75.55. A bullish reversal day from last Friday has shown some …

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GBP/USD Classical Technical Report 02.08

February 8, 2012

GBP/USD:The latest break back above 1.5800 now compromises a multi-week consolidation, with the pair now looking to push towards next key resistance by 1.6000. However, despite the upside move, we …

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USD/CHF Classical Technical Report 02.08

February 8, 2012

USD/CHF: Although our overall outlook remains intensely bullish, the market is in the process of some interday consolidation before the next major upside extension beyond 0.9600 and towards …

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EUR/JPY Classical Technical Report 02.08

February 8, 2012

EUR/JPY:The cross continues to show evidence of the formation of a meaningful base, with the recent break back above 102.25 confirming a fresh higher low by 99.25 and opening a fresh upside …

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EUR/USD Classical Technical Report 02.08

February 8, 2012

EUR/USD: The latest multi-session consolidation has been broken, with the pair clearing resistance at 1.3235 and now opening the door for a test of the next key level in the form of the 100-Day …

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Paraguay reports sharp drop in soy production

February 8, 2012

(MENAFN – Saudi Press Agency) Paraguayan exporters said that production of soy is likely to fall 47 percent in the current harvest, according to AP. The nation’s chamber of cereal exporters said …

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