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Renault opens low-cost plant in Morocco

by on February 11, 2012

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(MENAFN) French automaker Renault inaugurated a low-cost plant in Tangier north of Morocco as it seeks to tap European demand for no-frills vehicles to offset the overall decline in the region’s car …

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Renault opens low-cost plant in Morocco

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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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Malaysia’s Trade Rises 8.7% in 2011

February 11, 2012

(MENAFN – Qatar News Agency) Malaysia’s trade hit a record high 1.27 trillion ringgit ($422.6 billion) last year, an increase of 8.7 percent from 2010 as exports rose 8.7 percent to 694.55 billion …

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China, Canada Sign USD 3bn Deals

February 11, 2012

(MENAFN – Qatar News Agency) More than twenty Chinese and Canadian companies on Thursday signed cooperative deals of about 3 billion U.S. dollars on the sidelines of Canadian Prime Minister Stephen …

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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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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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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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Daimler posts 57% surge in Q4 profit

February 9, 2012

(MENAFN) Daimler AG said that profit in the fourth quarter surged 57 percent to USD2.36 billion, reported AP. The German carmaker added that sales of Mercedes luxury cars surged 44 percent in the …

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Pepsico plans to slash 3% of its workforce

February 9, 2012

(MEANFN) PepsiCo unveiled a new restructure plan shedding 8,700 jobs aimed at offsetting high commodity costs and expand investments in advertising and marketing in North America, AP …

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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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Denmark’s trade records surplus of USD14.3b in 2011

February 9, 2012

(MENAFN) Danmarks Statistik, the Danish national statistical agency, said that driven by strong exports to regional markets, the country’s trade account recorded a surplus of USD14.3 billion in …

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China’s Jan inflation rises to 4.5%

February 9, 2012

(MENAFN) China said that in January, the country’s inflation rebounded to 4.5 percent over a year earlier from 4.1 percent recorded in December, reported Khaleej Times. Moreover, in the period, …

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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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Swiss Unemployment Rate Rises to 10-Month High

February 9, 2012

(MENAFN – Qatar News Agency) Switzerland’s unemployment rate rose to its highest level in 10 months in January as companies trimmed staff to cope with slowing demand for their products, data …

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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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Tax reforms not working

February 9, 2012

(MENAFN – Khaleej Times) Protectionist-sounding noises coming from the United States may raise concerns abroad, but are not unusual in an election year. A closer look reveals more bark than …

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Can Germany dictate to Russia?

February 9, 2012

(MENAFN – Khaleej Times) Basic question awaiting a clear answer: As Germany tries out its would-be status as Europe’s international heavyweight, what does Angela Merkel have to say about Vladimir …

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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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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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Getting caffeine fix as easy as taking deep breath

February 9, 2012

(MENAFN – Arab News) Move over, coffee and Red Bull. A Harvard professor thinks the next big thing will be people inhaling their caffeine from a lipstick-sized tube. Critics say the novel product is …

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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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More than just Great Firewall awaits Facebook in China

February 9, 2012

(MENAFN – Arab News) When it comes to China, Facebook should consider itself forewarned. Cracking the world’s biggest Internet population might seem an obvious ambition for the social networking …

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Gandhi dynasty scion takes on low caste ‘queen’ in India vote

February 9, 2012

(MENAFN – Arab News) Millions of voters went to the polls in India’s most populous and politically important state on Wednesday, the first stage of an election that tests support for Prime Minister …

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FINANCE VIDEO: Thundelarra Exploration (ASX:THX) Managing Director Brett Lambert Presents To Sydney Capital Markets at Investorium.tv

February 8, 2012

http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp FINANCE VIDEO: Thundelarra Exploration (ASX:THX) Managing Director Brett Lambert presented live to Sydney Capital Markets at Investorium.tv, …

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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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Western Union’s Q4 profit jumps to USD452.3m

February 8, 2012

(MENAFN) Western Union Co. said that due to higher sales, net income in the fourth quarter almost doubled to USD452.3 million, from USD242.6 million in 2010′s same period, reported AP. The money …

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Coca-Cola reports 71% fall in Q4 profits

February 8, 2012

(MENAFN) Atlanta-based Coca-Cola Co. reported 71 percent decline in fourth quarter profits, held down by restructuring charges and other costs, AP reported. The giant soft-drinks maker said made …

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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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BP increases shareholder pay

February 8, 2012

(MENAFN – Kuwait News Agency (KUNA)) BP signalled a further step in its recovery Tuesday by hiking its payout for shareholders for the first time since the Gulf of Mexico oil spill. In a …

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US Dollar Index Classical Technical Report 02.08

February 8, 2012

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and should continue to chop between the 9,500-10,100 area. Overall, we do retain a bullish outlook given the broader …

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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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AUD/USD Classical Technical Report 02.08

February 8, 2012

AUD/USD: Although the market remains very well bid after taking out the key October highs by 1.0755, daily studies are highly overbought and warn of a near-term pullback. From here, next key …

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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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Disney posts 12% increase in Q1 net income

February 8, 2012

(MENAFN) The Walt Disney Co. said that in 2011′s last quarter, net income jumped 12 percent to USD1.46 billion, compared with USD1.30 billion, reported AP. The firm added that revenue in the …

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Of EU-US strained ties

February 8, 2012

(MENAFN – Khaleej Times) When Thomas de Maiziere described the state of the trans- Atlantic relationship to a packed audience in Munich, he shied away from unpalatable truths. Yes, the German …

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US January deficit fell sharply to $27 bln-CBO

February 8, 2012

(MENAFN – Saudi Press Agency) The U.S. budget deficit fell by nearly half in January compared to a year earlier as tax collections from individuals rose and outlays fell, Reuters quoted the …

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The RBA unexpectedly kept its benchmark interest rate unchanged

February 7, 2012

Today was the rate decision by the Reserve Bank of Australia, where unexpectedly it kept its benchmark interest rate steady at 4.25%, as it said that the inflation rates will remain within the …

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Enerji Limited (ASX:ERJ) Evaluating Sites for Opcon Powerboxes in Queensland and Western Australia with Energy Developments

February 7, 2012

http://www.abnnewswire.net/rss2/menafn/abn_menafn_en.asp Perth-based clean power company Enerji Limited (ASX:ERJ) is reviewing, with Energy Developments Ltd, several of their sites for Enerji’s …

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Japan’s current-account surplus narrows in December

February 7, 2012

Japan’s current-account surplus narrowed in December on strength as result for the unceasing yen’s appreciation, which is weakening the global demand for the Japanese products and increasing …

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Swiss Glencore, Xstrata unite under a USD90b entity

February 7, 2012

(MENAFN) Swiss mining company Xstrata and Glencore reached a USD90 billion merger deal that will see the creation of the world’s fourth largest natural resources company, AP reported. Xstrata CEO …

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ArcelorMittal 4q earning plunges on slowdown in China and Europe

February 7, 2012

ArcelorMIttal, the world’s largest steel manufacturer, said its fourth quarter Ebitda plunged to $1.71 billion, the lowest quarterly profit in two years, from $1.85 billion a year before as the …

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UBS reports 76% drop in fourth quarter net income

February 7, 2012

UBS AG, the biggest bank in Switzerland, reported 76% drop in fourth quarter net income to 393 million Swiss francs from 1.66 billion francs a year earlier, below estimates of 721 million …

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Scandis Consolidating But Fresh Weakness Ahead; Look to Sell

February 7, 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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US Dollar Index Classical Technical Report 02.07

February 7, 2012

US DOLLAR INDEX: The market remains locked in a multi-day consolidation and continues to chop between the 9,700-10,100 area. Overall, we do retain a bullish outlook given the broader recovery …

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GBP/JPY Classical Technical Report 02.07

February 7, 2012

GBP/JPY: The latest setbacks have been very well supported ahead of the record lows at 116.80 from September, with the market reversing course and potentially looking to carve a fresh base. For …

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USD/CAD Classical Technical Report 02.07

February 7, 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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