Hewlett Packard, the world's largest technology company, reported a 13 per cent drop in quarterly net profit and lowered its outlook f or the full fiscal year. HP said net profit declined to $1.9 billion in the first quarter of its financial year from $2.1 billion a year earlier. It said revenue for the quarter ending in January was ... [full story]
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Indian equities continued to remain under pressure as traders booked positions after non-event interim budget dampened sentiments. Negative Asian markets also played spoil sport. At 11:40 am, Bombay Stock Exchange’s Sensex was at 9099.37, down 206.08 points or 2.21 per cent. The index touched an intra-day low of 9079.10 and high of 9213.40. National Stock Exchange’s Nifty was ... [full story]
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Asian stocks rebounded in early trade on Friday after Wall Street ended a losing streak overnight on renewed optimism about president-elect Barack Obama's plans to revive the US economy. But they said gains were capped by nervousness ahead of corporate earnings results in the United States and Japan that are expected to reflect the rapidly worsening business conditions in ... [full story]
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Global software major International Business Machines' Chief Executive Samuel Palmisano believes Government's $30-billion information technology investments may create over 900,000 jobs, a media report says. "IBMs CEO Samuel Palmisano advised the Obama transition team last month that $30-billion in government investments in expanding broadband access, computerising healthcare records and improving the electrical grid could create over 900,000 jobs ... [full story]
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Stocks opened on a positive note on Monday following hefty rate cuts by the Reserve Bank of India and measures by the federal government to boost growth. Bombay Stock Exchange’s 30-share Sensex climbed 135 points to 10093. National Stock Exchange’s benchmark Nifty rose 29.75 points to 3076 from Friday’s close. "From an immediate scenario, crucial support ... [full story]
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The US national debt is expected to jump by as much as $2 trillion this year, thus putting more pressure on the American economy, a leading daily here said. At present, the country's debt stands at nearly $10.7 trillion. Of this $3 trillion is held by foreign investors, with China ($652.9 billion) and Japan ($585.5 billion) being the ... [full story]
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A popular variable annuity -- the one with guaranteed “living benefits” -- may be the riskiest product ever sold by the insurance industry. Risky to the health of the insurance carriers, that is. The guarantees are costing them far more than the premiums they charge, and their stock prices have plunged. If you bought one of these annuities, you ... [full story]
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Delhi-based Max India Group, along with its joint venture partners across its lines of businesses, is set to invest an additional Rs 3,000 crore by 2012. Of the Rs 3,000 crore, nearly Rs 2,000 crore will be brought in by the Max India group alone, while the balance Rs 1,000 crore will be provided by the joint venture partners for ... [full story]
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Royal Bank of Scotland Group Plc shareholders approved plans to raise 20 billion pounds ($30 billion) after the chairman conceded it was caught off guard by the credit crunch and didn't move fast enough to increase capital. RBS rose 8.8 percent in London trading after investors at a meeting in Edinburgh voted more than 99 percent in favor of ... [full story]
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It is a pleasure to be here in Nice to attend this conference. I very much welcome the opportunity to discuss the consumer reality of retail financial services today. The question of how to participate effectively in this market is one that preoccupies a significant proportion of the 500 million consumers across the EU. Consumers should feel as ... [full story]
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Investment services offered to individual investors come in a myriad of packaging and delivery options. Discount brokerage houses, full-service brokerage houses, load mutual fund firms, no-load mutual fund firms, banks, insurance companies, private money management firms and fee-based advisors all attempt to convince investors that they are the best available alternative. Yet, despite their different packaging they are each providing ... [full story]
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The State of Wisconsin Investment Board announced $40 million in new investments that will mean the entire $200 million allocated to the Wisconsin Venture Capital initiative will be fully committed. "We continue to believe that there are attractive venture capital investments here in Wisconsin and the Midwest and are very excited about the opportunities ahead," Chris Prestigiacomo, SWIB's portfolio ... [full story]
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The fine art market is a $10 billion-a-year industry in the U.S. alone. Over the past 50 years, art has returned a compound annualized rate of 10.47 percent, according to the Mei/Moses Annual All Art Index, the leading art market index. Meanwhile, during the same period, the Standard & Poor’s 500 Index for stocks performed only slightly higher—10.95 percent. ... [full story]
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Stocks And Bonds – The Winner Is Balance Investing is all about making your money work for you. The goal is to put your money in a vehicle with a positive rate of return, which is usually, but not always, expressed as a rate of interest. There are a number of different investment vehicles, suited to different goals. We're ... [full story]
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It is the question on every investor's lips: is now the time to start buying cut-price equities, which have taken such a hammering – or is it better to seek refuge from turbulent global stock markets by moving into bonds and cash? The devastating credit crunch, soaring inflation (driven by strong commodity prices), falling UK house prices and nervous ... [full story]
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The increasing importance of the economies of China, India, Russia and Brazil (BRIC), and widespread economic concerns in Europe and the US, suggest the beginning of a new phase in global economic development. In fact, global corporate investment flows are switching from the US, Japan, Singapore and some European countries to China, India, Russia and Brazil. So far as ... [full story]
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-ZBB Energy Corporation (Amex: ZBB) announced today that an in-depth industry and company report has been released from SMH Capital Inc. in conjunction with its relationship as a Market & Liquidity Services client. SMH Capital Inc.'s Market & Liquidity Services group offers clients a service of issuer-paid research, trading support and analysis and strategic shareholder communication. The program is ... [full story]
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Speaking to Business Line, B. Sambamurthy, Chairman and Managing Director, said, “We are examining a couple of activities in the capital market area, like investment banking.” He ruled out retail broking for now, as the subsidiary does not have the required network. CorpBank Securities is engaged in the distribution of mutual fund products. It posted net profit of ... [full story]
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Daniel J. Doyle, President and Chief Executive Officer of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), is pleased to announce that the Bank has achieved a Super Premier Performance ranking by The Findley Reports based upon 2007 year-end financials, which is the highest of their three performance rankings. The other tiers ... [full story]
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Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, April 10, 2008: << - CIBT Education Group Inc.. (TSXVN:CPT) will trade under the new ticker symbol "MBA." There is no change in the company's name, CUSIP number, or capitalization.>> Company additions to and ... [full story]
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EASTERN Cape financial and business services company IQuad Group grew its turnover 31% to R62.3 million during its maiden year as an AltX-listed company, the firm announced last week. The past financial year has also seen the Port Elizabeth-based company expanding its footprint to East London after it bought 50% of financial service consultancy IDEC. Another acquisition saw ... [full story]
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Financial services provider, Charles Schwab has announced enhancements to its managed account platform to assist independent investment advisors who choose to outsource functions such as money manager research and portfolio construction. As part of this effort, Schwab Institutional has formed new and expanded relationships with three firms that provide investment products and back-office services to advisors. In addition, Schwab ... [full story]
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Industrial & Commercial Bank of China Ltd. (1398.HK) has applied to Hong Kong's Securities and Futures Commission to set up an investment bank in the city, the South China Morning Post reported Monday, citing unnamed sources. The report said the planned investment banking unit will focus on deals worth between HK$1 billion and HK$2 billion, and hopes to bring in ... [full story]
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President Gloria Macapagal-Arroyo is set to regale investors from Asia-Pacific including Australia and Japan about the Philippines as a valued investors destination when she flies to Hong Kong on Sunday to address the 11th Credit Suisse Asian Investment Conference (AIC) which will run from March 31 to April 3. The AIC recently unveiled its strong lineup of speakers to ... [full story]
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Leading commercial real estate lending and investment company Peachtree Financial Partners specializes in commercial real estate ownership and investments. Peachtree Financial Investment is currently the Featured Company on StockFiling.com Peachtree Financial offers non-conventional financing designed to provide solutions to borrowers who require a creative, flexible and aggressive approach to funding. Each loan is customized to meet the needs of ... [full story]
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Banks are expected to raise their non-banking portfolios and pursue more aggressive overseas expansion this year in a desperate bid to find a breakthrough in worsening bottom lines here, analysts say. They said banks will speed up efforts to find new growth engines in the areas of securities and insurance. Their views reflect expectations in the market that ... [full story]
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nternational Stock Targets is a world renowned independent research firm, based in Johannesburg, South Africa. Along with walking investors through the whole life-cycle of many different equities, we have also partnered with the top independent research firms worldwide to provide our members with the best knowledge to make money. Click the link below to see a sample of a recent ... [full story]
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Standard & Poor's Ratings Services cut its rating on MoneyGram International Inc. on Friday, saying the money-transfer company's investment deal will pile on too much debt. The Minneapolis-based company this week said it had to change a deal it has with an investment team that includes Thomas H. Lee Partners and Goldman Sachs. Because MoneyGram broke the terms of ... [full story]
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The Budget 2008-09 seems to have been designed based on a one-size-fits-all formula, focusing on small and marginal farmers, consumers, social development, education and health, infrastructure, and a large number of tax-payers. The budgetary proposals have reduced overall tax burden by Rs 1,39,593 crore over the Budget estimate of Rs 54,83,122 crore for 2007-08. The major reductions have been ... [full story]
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The Markets in Financial Instruments Directive is meant to improve how investment banks do business across the continent, but many are doing just the minimum Many firms in the financial trading sector are still adopting a 'wait and see' approach to MiFID by going for the cheapest, most basic level of compliance required by regulators. Some of the big ... [full story]
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Stream Communications Network & Media Inc. ("Stream") (OTC Pink Sheets: SCNWF & FSE: TPJ), the broadband cable company offering cable TV, high-speed Internet and VoIP services in Poland, today announced that Penta Investments subsidiary (Cyfoca Holdings) has lent Stream Communications Sp z o.o. ("Stream Poland") PLN 6,500,000 to be applied to the repayment Stream Poland's PKO bonds, as detailed in ... [full story]
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The moving service firm Big Move Co expects relocation business to pick up next year after slowing down this year due to the sluggish economy and the property market slowdown, said chairman Supachai Chakajkriangkrai. "Obviously, a number of homebuyers who did not transfer ownership of the units they bought was higher this year, while some of them did not ... [full story]
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