Ping An to Buy Stake in Fortis Unit for $3.4 Billion
By Cathy Chan and Martijn van der Starre
March 19 (Bloomberg) — Ping An Insurance (Group) Co.,
Chinas second-biggest insurer, agreed to buy half of Fortiss
asset-management unit for 2.15 billion euros ($3.4 [...]
Brazils Bovespa Falls, Led by Cesp, Petrobras; Argentina Slips
By Alexander Ragir
March 19 (Bloomberg) — Brazils main stock index fell for
the third time in four days, led by Petroleo Brasileiro SA and
Cia. Energetica de Sao Paulo, as oil prices plunged and [...]
Mitchells Says `No Basis to Cash Shortage Concern (Update3)
By Thomas Mulier
March 19 (Bloomberg) — Mitchells %26amp; Butlers Plc, the owner
of the All Bar One pub chain, denied its short of cash and said
it has enough funding to support its dividend [...]
Cresud, Dufry, Eletrobras, Natura, Ripley: Latin Equity Preview
By William Freebairn and James Attwood
March 19 (Bloomberg) — The following stocks may have
significant gains or losses in Latin American markets. Symbols
are in parentheses after company names, and stock prices are from
the last [...]
Indosat Increases Rupiah Bond Sale on Excess Demand
By Wahyudi Soeriaatmadja
March 19 (Bloomberg) — PT Indosat, Indonesias second-
largest phone company, will increase the size of its bond sale
by 10 percent on higher investor demand, Finance Director Wong
Heang Tuck said.
[...]
Mitchells Says `No Basis to Cash Shortage Concern (Update3)
By Thomas Mulier
March 19 (Bloomberg) — Mitchells %26amp; Butlers Plc, the owner
of the All Bar One pub chain, denied its short of cash and said
it has enough funding to support its dividend [...]
China Mobile Fourth-Quarter Profit Rises on User Gain (Update3)
By Janet Ong
March 19 (Bloomberg) — China Mobile Ltd., the phone carrier
with more users than the U.S. population, increased fourth-quarter
profit 37 percent, beating analysts estimates, after the company
added record subscribers by cutting [...]
Gagfah Profit Triples on Revenue From Apartment Sales (Update3)
By Peter Woodifield
March 19 (Bloomberg) — Gagfah SA, Germanys largest
publicly traded owner of residential real estate, said annual
profit more than tripled as the company doubled apartment sales
to tenants and its properties gained [...]
Bear Stearns Brokers Get $2 Million Offers to Move
By Ian Katz
March 19 (Bloomberg) — As more than 14,000 Bear Stearns
Cos. employees watch the value of their stock sink and brace for
firings, some of the companys 550 brokers who handle individual
investors [...]
Morgan Stanley May Join Goldman in Dispelling Liquidity Panic
By Christine Harper
March 19 (Bloomberg) — Morgan Stanley, which analysts
expect to report a 57 percent drop in first-quarter profit today,
will likely join Goldman Sachs Group Inc. and Lehman Brothers
Holdings Inc. in reassuring [...]
