Mozambique expects foreign direct investment to climb 30 percent in the next four years as the economy expands, Finance Minister Manuel Chang said.
Investment will probably reach $450 million this year and $560 million by 2011, compared with $430 million in 2007, Chang said in an interview in Maputo, Mozambique today. Agriculture and tourism are likely [...]
Indias Stocks Rise Paced by Larsen; YES Jumps Most in 5 Months
By Shailendra Bhatnagar
March 19 (Bloomberg) — Indias Sensitive Index rose, paced
by Larsen %26amp; Toubro Ltd., after the company said it would
increase capacity to make large turbines and may convert [...]
The FINANCIAL — Merrill Lynch (NYSE: MER)Â on March 17Â announced the development of new Local Debt Market Indices, which are designed to track the performance of emerging market sovereign debt denominated in the issuers local currency. The series includes three new indices:
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The Merrill Lynch Local Debt Markets Plus Index (ticker [...]
NEW YORK (CNNMoney.com) — Cereal maker General Mills said Wednesday that its fiscal third-quarter profit soared 61% on strong demand worldwide.The company reported earnings per share of $1.23, including a 36-cent tax benefit. Excluding certain items, General Mills reported earnings of 87 cents per share, up 18% year-over-year.Analysts surveyed by Thomson First Call were expecting [...]
The FINANCIAL — London. Moodys Investors Service today announced the assignment of first-time sovereign
ratings for the Republic of Montenegro.
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Moodys has assigned a Baa1 country ceiling for long-term foreign currency debt and a Ba2 issuer rating for the foreign currency debt obligations of the government.
Montenegros ratings reflect the new [...]
BERLIN (AP) — The dollar sank to a new low against the euro after the chairman of the Federal Reserve Bank said Wednesday that the United States would encounter more sluggish economic activity in the coming weeks and months.The economic situation has become distinctly less favorable since the summer, the Fed chief told the [...]
The FINANCIAL –Â Fitch Ratings has reviewed the Japanese banks exposure to subprime investments and other structured credit products, and concluded its assessment of limited impact first put forward in August last year is still valid.
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Fitch notes that among Asian banking systems, Japans has been more significantly impacted and [...]
NEW YORK (CNNMoney.com) — Following are the minutes from the Federal Reserve meeting held January 29 to January 30.By unanimous vote, the Committee made a few amendments to its rules and to the Program for Security of FOMC Information. The amendments primarily addressed the Committee’s practice of approving the minutes via notation vote, attendance at [...]
The FINANCIAL — PepsiCo (NYSE: PEP) reported continued strong operating performance in the fourth quarter of 2007. Net revenue increased 17% in the quarter and reported operating profit increased 9%; core division operating profit, excluding restructuring items, increased 11%.
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Reported EPS was $0.77 including the impact of restructuring actions [...]
The FINANCIAL — Fitch Ratings said it has lowered the rating outlooks on three Bulgarian banks: Commercial BankAllianz Bulgaria AD, Economic and Investment Bank, and Eurobank EFG Bulgaria AD to negative from stable, after the change in outlook on the sovereigns BBB long-term foreign and BBB+ local currency issuer default ratings (IDR) to negative.
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