U.S. stock-index futures extended gains in Asia and Europe Wednesday as traders waited for a closely-watched report on private-sector employment.
Source: Fox Business Headlines
Category Archives: Business, Finance, Occupation & Industry
Fed to launch fresh bond buying to help economy
The Federal Reserve is set to announce a fresh round of Treasury bond purchases when it meets next week, avoiding monetary policy tightening to maintain support for the weak U.S. economy amid uncertainty over the looming year-end “fiscal cliff.” Many economists think the U.S. central bank will announce monthly bond purchases of $45 billion after its policy gathering on December 11-12, signaling it will continue to pump money into the U.S. economy during 2013 in a bid to bring down unemployment.
Source: Fox Business Headlines
Philips, LG Electronics, 4 others fined $1.92 billion for EU cartel
Philips, LG Electronics, Samsung SDI and three other firms were fined a record 1.
Source: Fox Business Headlines
Sberbank 3Q Net Profit up 9.9% to RUB87.5 Billion
Russia’s largest lender OAO Sberbank (SBER.RS) said Wednesday third-quarter net profit rose 9.9% from a year earlier on the back of a wider range of high-yielding assets.
Source: Fox Business Headlines
CBA, NAB and Westpac Cut Variable Home Loans 20 Bps
Three of Australia‘s major banks Wednesday said they would cut their home loan rates by 20 basis points, passing on only part of the central bank’s interest rate cut this week.
Source: Fox Business Headlines
Factbox: Transparency International’s global corruption index
In Transparency International’s 2012 Corruption Perceptions Index, Denmark, Finland and New Zealand tied for first place out of 176 countries – meaning they were perceived to have the lowest levels of state sector corruption.
Source: Fox Business Headlines
Rusal Repays $406Mln in Debt Ahead of Schedule – Interfax
Russia’s debt-laden aluminum giant United Co. Rusal (0486.HK) said Wednesday that it has paid off $406 million in debt ahead of schedule, Interfax reported, citing the company’s first deputy chief executive Vladislav Solviev.
Source: Fox Business Headlines
ING Said to Cut Korea Operations Sale Price to KB Financial
South Korean banking giant KB Financial Group (105560.SE), which has been in exclusive talks to buy Korean life insurance operations from ING Groep N.V.
Source: Fox Business Headlines
Russia’s VTB To Launch Australian Dollar Bond – Source
Russian Bank VTB (VTBR.RS) is planning to become the first borrower from the country to issue debt denominated in Australian dollars, a person familiar with the situation said Wednesday.
Source: Fox Business Headlines
India’s Jindal Steel To Invest In Cameroon
Special to DOW JONESWIRES YAOUNDE, Cameroon–Naveen Jindal, the managing sirector of Indian conglomerate Jindal Steel and Power Ltd. (JSPL) will build a thermal electricity plant in Cameroon, construct a railway line in the West African nation and build a new iron ore factory in the country, state radio reported Wednesday.
Source: Fox Business Headlines
Sage’s profit edges up on subscription growth
Britain’s Sage Group posted a 4 percent rise in profit on Wednesday after higher sales of subscriptions for IT support offset weaker demand for its software in key markets such as France and Spain.
Source: Fox Business Headlines
Westpac Launches Auto-Backed Bond Offer; Seeks to Raise A$750 Million
Westpac Banking Corp. (WBK) is seeking to raise 750 million Australian dollars (US$785 million) through offering auto-backed notes, the first such move by a major local bank.
Source: Fox Business Headlines
Fed set to launch fresh bond buying to help economy
The Federal Reserve is set to announce a fresh round of Treasury bond purchases when it meets next week, avoiding monetary policy tightening to maintain support for the weak U.S. economy amid uncertainty over the looming year-end “fiscal cliff.
Source: Fox Business Headlines
Greece takes bottom EU spot in global corruption index
Greece has scored the worst ranking of all 27 European Union nations in a global league table of perceived official corruption, falling below ex-communist Bulgaria as public anger about graft soars during the country’s crisis.
Source: Fox Business Headlines
Petron Employees’ Fund Sells 195 Million Shares to Credit Suisse
Philippine oil refiner Petron Corp. (PCOR.PH) said Wednesday that its employees’ retirement fund sold 195 million common shares in the company to Credit Suisse (Singapore) Limited.
Source: Fox Business Headlines
Tesco to review U.S. operations: Sky News
British supermarket operator Tesco will launch a strategic review of its money-losing Fresh & Easy chain in the United States, Sky News reported on Tuesday.
Source: Fox Business Headlines
Exclusive: UBS’ new adviser pay rewards cross-selling
UBS Wealth Management Americas released its 2013 compensation plan to its financial advisers on Tuesday, announcing changes that will give them incentives to sell a wider range of products and bring in more revenue.
Source: Fox Business Headlines