U.K. Stocks Rise for First Time in Four Days as Banks Gain; Senior Rallies
August 2, 2010, 2:59 pm
U.K. stocks rose for the first time in four days as bank and basic resources stocks rallied and companies from Intertek Group Plc to Fidessa Group Plc and Senior Plc reported an increase in sales. HSBC Holdings Plc led banks higher after pretax profit topped analysts estimates. BHP Billiton Ltd. rose 3.3 % as copper climbed for a fourth day. Intertek Fidessa and Senior rose more than 1.5 %.
Sugar Rallying as Ships Clog Brazil Ports, India Rains Diminish
August 2, 2010, 2:59 pm
The record 122 ships awaiting sugar exports at Brazil’s ports and the 3 % drop in India’s monsoon rainfall show why Colin P. Fenton expects this year’s worst-performing commodity to rise more than gold. Vessels outside the six main ports in Brazil waiting to load 3.62 million metric tons are being delayed by wet weather, according to Santos Associados Consultoria Ltda and shipping company Unimar Agenciamentos Maritimos Ltda.
Golf Can Reduce Italy 1.52 Trillion Euro Debt Developers Say
August 2, 2010, 2:58 pm
Leonardo Caltagirone having studied Italy plan to slice 21.1 billion euros $ 27.6 billion in spending to bring its budget deficit below 3 % of GDP by 2012 says golf is a path to fiscal salvation. Always look 10 years down the road says chairman of the construction and property company Gruppo Leonardo Caltagirone in Rome.
Stocks Drop, Led By Technology Shares; Euro, Commodities Rise
July 30, 2010, 12:05 pm
U.S. stocks fell, sending the Standard & Poor’s 500 Index lower for a third day, as earnings and forecasts disappointed investors at technology and consumer companies. A gauge of commodities rose to a 12-week high on speculation the economic recovery will boost demand. The S&P 500 slipped 0.4 % to 1,101.5 at the 4 p.m. close in New York, trimming its July advance to 6.9 %.
Economic Growth May Show U.S. Consumer Spending Cooled in Second Quarter
July 30, 2010, 12:05 pm
The U.S. economy probably grew in the second quarter at about the same pace as in the prior three months, driven by a pickup in business investment as consumer spending cooled, economists said ahead of a report today. The 2.6 % gain in gross domestic product from April through June would follow a 2.7 % first-quarter increase, according to the median estimate of 81 economists surveyed by Bloomberg News.
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U.K. Stocks Rise for First Time in Four Days as Banks Gain; Senior Rallies
