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Wall St. opens higher; data awaited

Wall St. opens higher; data awaited

REUTERS: Wall Street opened slightly higher on Thursday after surveys showed Chinese manufacturing activity was stronger than feared and investors awaited a raft of U.S. economic data. U.S. weekly jobless claims data pointed to ongoing tightening in the labor market. The Dow Jones industrial average rose 41.23 points, or 0.25 percent, to 16,325.93, the S&P […]

October 1, 2015 | By | Reply More
Wall Street set to open higher; data awaited

Wall Street set to open higher; data awaited

REUTERS: Wall Street looked set to start the last quarter of the year on a positive note on Thursday as weak data from China raised hopes of more stimulus measures from Beijing and investors awaited a barrage of U.S. data. Factory activity in China shrank again in September, leading some investors to believe that the […]

October 1, 2015 | By | Reply More
The patient awakes

The patient awakes

UKRAINE has just released balance-of-payments data for August. In Ukraine-terms, at least, it makes for good reading. Exports are rising and the country is running both current-account and budget surpluses. The reserves of the National Bank of Ukraine are rising, and the finance ministry has a record level of $2.2bn in its Treasury account. Pretty impressive.  The […]

October 1, 2015 | By | Reply More
US jobless claims rise modestly, still point to firming labor market

US jobless claims rise modestly, still point to firming labor market

WASHINGTON: The number of Americans filing new applications for jobless benefits rose modestly last week and a gauge of its trend fell, pointing to ongoing tightening in the labor market that could push the Federal Reserve to raise interest rates. Initial claims for state unemployment benefits rose 10,000 to a seasonally adjusted 277,000 for the […]

October 1, 2015 | By | Reply More
HP board approves split, expects completion on Nov. 1

HP board approves split, expects completion on Nov. 1

REUTERS: Hewlett-Packard Co said its board on Wednesday approved the previously announced split of the company into two separate entities: Hewlett Packard Enterprise Co and HP Inc. The company said the separation is expected to be completed on Nov. 1, a day after which Hewlett Packard Enterprise will start trading on the New York Stock […]

October 1, 2015 | By | Reply More
Bill of Rights for Entrepreneurs

Bill of Rights for Entrepreneurs

South Africa, Oct 1: At its just ended Annual Convention, members of the South African chamber of Commerce and Industry (SACCI) adopted four motions that the organisation will take forward during the course of 2016.   The chamber said in order to promote the growth of small businesses and a spirit of entrepreneurship within the […]

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Alliance Trust CEO steps down as Elliott forces overhaul

Alliance Trust CEO steps down as Elliott forces overhaul

LONDON: Katherine Garrett-Cox, one of the City of London’s most high profile women CEOs, is to step down from the board of Alliance Trust in an overhaul of the fund manager which has faced pressure from activist investor Elliott to make changes. Garrett-Cox, who will continue as chief executive of Alliance Trust Investments, has long […]

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German prosecutors say no formal inquiry against VW ex-CEO

German prosecutors say no formal inquiry against VW ex-CEO

FRANKFURT: German prosecutors said on Thursday (Oct 1) that they had not launched a formal inquiry against Martin Winterkorn, the former chief executive of auto giant Volkswagen, contrary to what they originally stated this week. An official press statement released on Monday by public prosecutors in Brunswick was “formulated incorrectly,” a spokesman told AFP. No […]

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Why some emerging-market leaders say they want the Fed to hike

Why some emerging-market leaders say they want the Fed to hike

SCARCELY is one Federal Reserve meeting over before the doves and hawks start circling again. The hawks, who hope for a rate increase, had some unlikely companions in their flock in the run-up to the September meeting: central bankers from India, Indonesia, Mexico and Peru. These emerging-market policymakers have said that since everyone is expecting […]

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Glencore tells investors it is on track to reduce debt: Barclays

Glencore tells investors it is on track to reduce debt: Barclays

LONDON: Commodities giant Glencore told investors it was on track to reduce its debt by US$10 billion with two key deals to close at the end of this year and early next, analysts from Barclays said on Thursday. Barclays, which organized the meeting, said it believed the company has managed to address many concerns, which […]

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