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International News
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Schneider issues second profit warning in 4 months
Thursday 20 Oct 2011
Schneider Electric was the most bearish France's CAC40 component this morning after the electrical equipment maker lowered its profit target for the second time in four months, due to increased labour... Read More
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ACS sells half of its stake in US highway project
Thursday 20 Oct 2011
Spanish construction group ACS is to sell 50% of its stake in a project for the development of interstate highway I-595 in Broward County, Florida to the Teachers Insurance and Annuity Association of ... Read More
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Moodys cuts five Spanish banks and 10 autonomous regions
Thursday 20 Oct 2011
Moody's is on the prowl again. Read More
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Nestle beats consensus, raises sales guidance
Thursday 20 Oct 2011
Swiss foods giant Nestle joined the list of Swiss companies griping about the strength of the Swiss franc (CHF) on Thursday morning. Read More
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Asia down as Europe fails the confidence test
Thursday 20 Oct 2011
Confusing signals from Europe sent Asian markets into a tail spin on Thursday as the world waits to see if the Eurozone will be able to save itself. Read More
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Going proves tough for European talks on EFSF
Thursday 20 Oct 2011
The unexpected meeting yesterday between French President Nicholas Sarkozy and German Chancellor Angela Merkel, seems not to have borne any fruit as regards efforts to improve the efficacy of the Euro... Read More
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US close: Lower finish amid earnings stream
Wednesday 19 Oct 2011
Stocks are slightly lower in spite of some better than expected housing data after yesterday’s earnings from Apple disappointed investors and the ongoing European debt saga frayed nerves. Read More
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US inflation rate hits yearly high
Wednesday 19 Oct 2011
The US consumer prices index (CPI) rose 0.3% in September, after advancing 0.4% in August, taking the annual inflation rate up to 3.9% from August's 3.8%. Read More
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Europe close: Markets rise despite EFSF confusion
Wednesday 19 Oct 2011
Banking stocks pulled out of the nose-dive they have been experiencing this week to spearhead a rise by European markets, though benchmark indices finished some way below their best levels. Read More
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Spain´s Liberbank sells 85% of Telecable
Wednesday 19 Oct 2011
Spain's Liberbank, one of 13 financial institutions that need to recapitalise, announced an agreement with US buy-out specialist, The Carlyle Group, for the sale of 85% of Telecable, the Spanish telep... Read More
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Lower than expected current account Eurozone deficit
Wednesday 19 Oct 2011
The Eurozone's current account deficit was €5bn in August, according to the latest data from the European Central Bank. The consensus of analysts were expecting a deficit of €7.3 billion. The previo... Read More
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Travelers confident of raising prices after catastrophes
Wednesday 19 Oct 2011
Shares in US insurer Travelers headed north, despite a slump in operating earnings, which the company blamed on bad weather. Read More
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Comerica is biggest loser on S&P 500
Wednesday 19 Oct 2011
US lender Comerica is the most bearish S&P 500 component after presenting its third quarter results, which were affected by the acquisition of Sterling Bancshares. Read More
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Norges Bank maintains key lending rate at 2.25%
Wednesday 19 Oct 2011
Norway's monetary authority, the Norges Bank, decided to keep its key policy rate unchanged at 2.25% as analysts expected. In the press release, governor Olsen said "Based on Norges Bank’s current as... Read More
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US open: Stocks fall as Apple sours
Wednesday 19 Oct 2011
Stocks are slightly lower in spite of some better than expected housing data after yesterday’s earnings from Apple disappointed investors. Read More
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US pre-open: Fall expected as Apple turns sour
Wednesday 19 Oct 2011
Stocks are expected to open slightly lower as investors digest a raft of corporate data and in spite of some better than expected housing data. Read More
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Software AG lowers sales guidance, keeps profit targets
Wednesday 19 Oct 2011
Shares of German software giant Software AG rose strongly this morning after the company reiterated its full-year profit outlook. Read More
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Eurozone construction slows down in August
Wednesday 19 Oct 2011
Eurozone construction output increased by just 0.2% in the month of August, well below the 1.8% growth seen the month before, according to data from Eurostat. Read More
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BAA decides to sell Edinburgh and keep Glasgow
Wednesday 19 Oct 2011
U.K airport operator BAA, owned by Spanish infrastructure giant Ferrovial, reported on October 7 that it had to decide whether to sell Glasgow or Edinburgh airports after the U.K’s Competition Commiss... Read More
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S&P cuts ratings for 24 Italian financial institutions
Wednesday 19 Oct 2011
Standard & Poor's (S&P) lowered the rating for 24 Italian financial institutions due to a weaker economic outlook and tougher credit conditions in the Eurozone. Read More
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