The real deal: A closer look at REITs
REITs have allowed investors of varying means to access a segment of the market that was largely reserved for the wealthy: real estate.
Oil Falls as China Stimulus Fails to Boost Sentiment, USD Strength
Brent, WTI falls over 1 on China, US dollar strength China39;s latest stimulus package fell short of expectations US storm Rafael subsides Nov 11 Reuters Oil prices fell on Monday, after China39;s stimulus plan disappointed investors seeking fuel demand growth in the world39;s No. 2 oil consumer and as the U.S. dollar edged higher. Brent […]
SoftBank Expected to Book 1.87 bln Profit on IPOs
TOKYO, Nov 11 Reuters Japanese technology investor SoftBank Group is expected to report a 287 billion yen 1.87 billion quarterly profit on Tuesday, boosted by successful portfolio company listings even as a stronger yen dampened foreign currencydenominated gains. Analysts are also looking out for signs of new investment momentum driven by SoftBank39;s robust balance sheet and […]
South Korea Stock Market Closer to Winning MSCI Developed Status, Regulator
SEOUL, Nov 11 Reuters The vice chairman of South Korea39;s Financial Services Commission said on Monday he saw a much higher possibility of the domestic stock market winning a developed market status from global index provider Morgan Stanley Capital International MSCI next year. There have been many improvements regarding stock market accessibility, which are expected […]
Spains Cellnex NineMonth Core Earnings Rise 6.1
BARCELONA, Nov 11 Reuters Spain39;s Cellnex, Europe39;s largest mobile phone tower operator, on Monday reported a 6.1 hike in adjusted core earnings in the first nine months of the year as revenues grew 7 to 2.9 billion euros 3.11 billion thanks to the deployment of more towers. Cellnex booked a narrower net loss of 140 […]
Indian Heavy Machinery Maker BEMLs Q2 Profit Falls as Demand Weakens
Nov 11 Reuters India39;s BEML reported a 1.5 fall in its secondquarter profit on Monday, hurt by lower demand for its heavy machinery and equipment as manufacturing activity dipped. The stateowned company makes machinery and products for industries like aerospace, mining, rail and metro and has clients such as Rail Vikas Nigam, Adani Power and Chennai Metro […]
Spains Melia Hotels net Profit Jumps 40 after Strong Summer
MADRID, Nov 11 Reuters Spain39;s Melia Hotels reported a 40 rise in thirdquarter net profit on Monday, attributing the bigger than expected increase to a strong summer season as it reaped the benefits of its investments in luxury rooms in holiday resorts. The country39;s largest hotel chain said net profit for the three months totalled 74.9 […]
China Consumer Prices Rise at Slowest Pace in 4 mhs, Despite Stimulus
October CPI up 0.3 yy vs Sept 0.4 PPI down 2.9 yy vs Sept 2.8 China unveiled 1.4 trln local debt resolution plan Strain on property, household consumption still key challenges BEIJING, Nov 9 Reuters China39;s consumer prices rose at the slowest pace in four months in October while producer price deflation deepened, data showed […]
Enjoy Dollar Bull US Narrative, With No Complacency: FX Moment
Host Audrey Childe-Freeman, Bloomberg Intelligence’s Chief G-10 FX Strategist, talks to Dr Anna Wong, Bloomberg Economics Chief US Economist, about how the economy, the Fed rate outlook and the fiscal trajectory could affect our dollar outlook.
Indias LIC Posts Q2 Profit Fall on Higher Benefits Paid but Margin Expands
Nov 8 Reuters Life Insurance Corporation of India LIC, the country39;s biggest insurer, posted a 3.8 fall in secondquarter profit on Friday as it paid out higher benefits, while new business margins for the halfyear expanded. LIC39;s profit after tax fell to 76.21 billion rupees 903.6 million for the quarter ended Sept. 30 from 79.25 […]