Just in:  

You are here: Home»Business


Yields fall as supply eases; German debt steadies NEW YORK: US Treasuries ended stronger on Thursday, even after the Treasury had to pay more to sell new 30-year bonds, as an overhang of government and corporate debt supply passed.The government's $16 billion sale of 30-year bonds saw lackluster demand, resulting in a yield of 3.044 percent, the highest since November and around two basis points above where traders had expected it to price."It was a sizable tail, but I don't think it was terrible," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York. "We rallied two basis points going in, it tailed two basis points, so it wasn't like it was out of the realm. It was right in the middle of today's trading range."Thirty-year bonds continued to underperform other Treasury issues after the auction. The yield curve between five-year notes and 30-year bonds steepened to 155 basis points, it's steepest since Oct. 29.Treasury ...

Lloyds eyes return to private hands in next 12 months EDINBURGH: Lloyds Banking Group could be fully returned to private hands within the next year, Chairman Norman Blackwell said at the company's annual meeting. The government has already sold nearly half of the 41 percent stake it took as a result of its 20-billion-pound ($31.6 billion) rescue of the bank during the 2007-9 financial crisis, raising over 10 billion pounds for taxpayers. It is continuing to sell the shares to financial institutions such as pension ...

Sharp announces $1.86bn loss, plans thousands of job cuts TOKYO: Japanese electronics giant Sharp on Thursday said it was cutting thousands of jobs in a fresh turnaround plan to keep it afloat as the struggling firm posted a bigger-than-expected $1.86 billion annual loss.The 222 billion yen net loss -- much bigger than an earlier 30 billion yen forecast -- came as Sharp said it would cut about 10 percent of its 49,000-strong global workforce, including 3,500 jobs in Japan.The firm said it hoped to ...

Telefonica first quarter profit jumps on O2 sale MADRID: Spain's Telefonica, Europe's second-largest phone company, said Thursday its net profit more than doubled in the first quarter thanks to a one-off financial boost from the sale of its British unit O2.The carrier posted a forecast-beating net profit in the period of 1.8 billion euros ($2.0 billion) up from 688 million euros during the same time last year. Analysts contacted by financial information services provider Factsheet had predicted a first quarter result of 669 ...

Hitachi's annual profit down, points to surge this year TOKYO: Hitachi said Thursday that its annual profit fell, owing to a one-off surge a year earlier, but it forecast a rebound this year.The Japanese conglomerate, which sells everything from lifts to nuclear plants, said its net profit was down 8.9 percent at 241.3 billion yen ($2.0 billion) in the 12 months to March, largely due to year-earlier gains it booked from a reorganisation of its thermal power generation unit.Operating profit in the just-ended year ...

India awards Airbus $1.9 billion military plane order NEW DELHI: India's defence ministry has agreed to buy 56 planes from Airbus for $1.87 billion, as Prime Minister Narendra Modi moves to modernise the country's military, an official said Thursday.The ministry's defence acquisition council, which approves big ticket orders, agreed Airbus and India's Tata Advanced Systems would jointly build military transport aircraft to replace an ageing fleet.The deal for the C295s worth 119.30 billion rupees ($1.87 billion) was agreed late Wednesday by the council ...

Honda adds 4.89mn vehicles to exploding airbag recall TOKYO: Honda on Thursday added 4.89 million vehicles to a ballooning global recall over an airbag defect that has been blamed for killing several drivers.Japan's number-three automaker made the announcement just a day after Toyota and Nissan said they were calling back a combined 6.5 million vehicles over fears about airbags made by embattled supplier Takata.The latest moves bring the number of vehicles recalled just by Japan's biggest automakers to more than 30 million, with ...


Index Closing Chg%
Arrow DJIA 18,010.68 0.64
Arrow Nasdaq 5,070.03 0.55
Arrow S&P 2,107.39 0.63
Arrow FTSE 6,984.43 0.80
Arrow DAX 11,413.82 2.26
Arrow CAC-40 5,007.89 2.53
Arrow Nikkei 20,563.15 0.06
Arrow H.Seng 27,424.19 0.11
Arrow Sensex 27,828.44 1.17

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 28, 2015
Reserves $17.494 bln