2008-05-05 15:23:06
Opening Glance: Telecom Equipment stocks edge lower
NEW YORK (AP) - Telecommunications equipment companies inched mostly lower
Monday as Wall Street retreated after Microsoft pulled its bid for Yahoo over
the weekend.
2008-05-05 15:20:18
April ISM non-manufacturing index 52.0 vs 49.3 expected
WASHINGTON (Thomson Financial) - The US service sector stayed in a stall in
April as the Institute for Supply Management (ISM) non-manufacturing index came
in right at the expansion/contraction line.
2008-05-05 15:15:04
Asian Development Bank should improve agricultural productivity - Treasury
WASHINGTON (Thomson Financial) - The Asian Development Bank (ADB) can best
aid the global food price crisis by strengthening agricultural productivity in
Asian and Pacific countries, Treasury Assistant Secretary for International
Affairs Clay Lowery said today.
2008-05-05 15:11:33
Opening Glance: Commercial banks mixed as market dips
NEW YORK (AP) - Commercial bank stocks were mixed in morning trading Monday,
while the broader market declined, as Wall Street reacted negatively to weekend
news that Microsoft Corp. withdrew its bid for Yahoo Inc.
2008-05-05 15:01:01
Fed's TAF to auction $75 bln, 28-day loans at 2.00 pct minimum bid rate
WASHINGTON (Thomson Financial) - The Federal Reserve will auction $75
billion of 28-day loans at a minimum bid rate of 2.00 pct on Monday, May 5,
under its new term auction facility.
2008-05-05 14:30:09
Singapore PMI eases in April on weak exports
continued to fall in April due to continued weakness in the manufacturing
sector, which is reeling from falling exports, the Singapore Institute of
Purchasing & Materials Management said Monday.
2008-05-05 14:19:35
Poland's Czekaj says bank may have to hike in May, depending on data
WARSAW (Thomson Financial) - Poland's central bank may be forced to raise
interest rates for the fourth time this year in May if data this month shows
economic growth was above its ideal non-inflationary rate, according to bank
policymaker Jan Czekaj.
2008-05-05 14:06:27
Cowtown no more? Okla. City looks to Sonics to improve image
OKLAHOMA CITY (AP) - Even the mayor admits this is a town with an image
problem.
2008-05-05 13:29:48
Putin signs law limiting foreign investment
MOSCOW (Thomson Financial) - President Vladimir Putin on Monday signed into
law limits on foreign investment in key sectors of the Russian economy in one of
his last acts before stepping down on Wednesday.
2008-05-05 13:11:07
G10's Trichet says global growth still solid, inflation risks significant
BASEL (Thomson Financial) - Global growth is still strong owing to the
resilience of emerging markets but inflation risks are significant, G10 central
bankers group chairman Jean-Claude Trichet said, following a meeting of the
group.
2008-05-05 13:00:59
Russian inflation in April up 1.4 percent from March
MOSCOW (Thomson Financial) - The Russian Federal State Statistics Service
(Rosstat) said inflation rose 1.4 pct in April from March, Interfax reported.
2008-05-05 12:49:13
G10's Trichet says global growth still strong but inflationary risks significant
BASEL (Thomson Financial) - Global growth is still strong owing to the
resilience of emerging markets but inflation risks are significant, G10 central
bankers group chairman Jean-Claude Trichet said, following a meeting of the
group.
2008-05-05 11:57:04
ASEAN can weather global economic woes - secretary general
JAKARTA (Thomson Financial) - The economies of Southeast Asia are
well-positioned to withstand global financial market volatility caused by the
U.S. subprime crisis, ASEAN's secretary general said Monday.
2008-05-05 11:44:09
Hungary April adjusted PMI up to 52.7 vs 52.5 in March
BUDAPEST (Thomson Financial) - Hungary's adjusted Purchasing Manager's Index
(PMI) rose marginally to an adjusted 52.7 points in April from 52.5 points the
month before, according to the index's compilers MLBKT.
2008-05-05 11:08:53
Poland sells PLN 4.8 bln of T-bills at tender, offers 1.8 bln of bonds Wednesday
WARSAW (Thomson Financial) - Poland's finance ministry on Monday sold 2.01
billion zlotys of its 3-week treasury bills and 2.79 billion of 52-week bills at
a tender, with demand hitting 4.02 and 4.12 billion zlotys, respectively.
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