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18 May 2005 03:47 PM
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Pequot Capital seeks new profits in Asia:
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A US hedge fund Pequot Capital Management Inc. that manages more than $6 billion seeks new ways to boost in Asia switching its business away from Europe and US.
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18 May 2005 03:04 PM
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Russia will not merge energy giants:
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Russia will not merge two energy giants and is going to open the way to lifting restrictions on foreign investment in shares of OAO Gazprom, according to the Wall Street Journal.
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18 May 2005 02:40 PM
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MARKET SNAPSHOT: EUROPEAN EQUITIES:
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The Dax Index rocketed 78.83 points, or 1.71% to 4324.60, the FTSE 100 Index was up 50.90 points, or 1.04% to 4949.40, the CAC 40 Index rallied 66.96 points, or 1.67% to 4073.15.
In
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18 May 2005 02:32 PM
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Citigroup’s hedge-fund new service targets higher clients:
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Citigroup Inc. started founding a joint venture with Pacific Alternative Asset Management Co. to provide hedge-fund portfolio management services to its high-profile clients.
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18 May 2005 02:11 PM
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Rate of replaced CEOs hits records: survey:
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The rate of replaced chief executives in the companies all over the world grew to the record highs in 2004, a Booz Allen survey showed.
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18 May 2005 02:01 PM
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Shell and PetroChina to start joint gas field development project:
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Royal Dutch Shell Group announced its determination to invest $600 million into developing an onshore gas field in China with PetroChina Co. that features the leadership foreign investment in the Chinese’s natural-gas sector.
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18 May 2005 01:32 PM
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U.S. home mortgage applications tumbled 10.5%:
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U.S. home mortgage applications declined last week on drop in purchasing and refinancing activity, according to the Mortgage Bankers Association. The seasonally adjusted index tumbled 10.5% to 699.2. The MBA's seasonally
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18 May 2005 01:24 PM
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HP reports best-ever quarterly revenue:
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Hewlett-Packard Co. reported the best-ever quarterly revenue for the first time since the ouster of Carly Fiorina who was replaced by Mark Hurd. Hurd said there still is the “room for improvement.”
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18 May 2005 01:22 PM
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ENERGY DEPARTMENT: CRUDE INVENTORIES ROSE BY 4.3 MLN. BARRELS:
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THE ENERGY DEPARTMENT REPORTED TODAY THAT CRUDE INVENTORIES ROSE BY 4.3 MLN. BARRELS IN THE WEEK ENDED MAY 13
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18 May 2005 01:19 PM
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S&P RAISED ITS DEBT RATING FOR DOLLAR GENERAL TO BBB-:
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STANDARD&POOR'S RAISED ITS DEBT RATING FOR DOLLAR GENERAL TO AN INVESTMENT GRADE BBB- FROM BB+
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18 May 2005 12:46 PM
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IMF: Argentina may delay payments:
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Argentina expects the International Monetary Fund to allow it to postpone loan payments for the third time since 2001, according to the country’s finance official.
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18 May 2005 12:17 PM
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Beijing Capital up $700 mln before going public:
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Beijing Capital Group has an option to raise $700 million selling a stake before planned going public in the first half of 2006. The company is planning several infrastructure projects ahead of the 2008 Olympics.
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18 May 2005 09:08 AM
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OPPENHEIMER RAISED ELI LILLY TO "BUY" FROM "NEUTRAL":
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OPPENHEIMER RAISED ELI LILLY TO "BUY" FROM "NEUTRAL"
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18 May 2005 09:07 AM
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U.S. CPI rose 0.5% in April:
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U.S. consumer price index (CPI) rose 0.5% in April, according to the Labor Department. Ecocnomists were expecting 0.4%. The energy prices rocketed 4.5%, the fastest increase in two years, food prices rose 0.7%. The
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18 May 2005 09:01 AM
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J.P. MORGAN RAISED DELTA AIRLINES TO "OVERWEIGHT" FROM "NEUTRAL":
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J.P. MORGAN RAISED DELTA AIRLINES TO "OVERWEIGHT" FROM "NEUTRAL"
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