News
Inflation in Cambodia
Cambodia's inflation rate stood at 5.5% in Y 2011 Cambodia's inflation rate stood at 5.5% last year, an increase of 1.5% from 4% in a year earlier, according to the report of the Finance Ministry Thursday. The rate was the same one forecast by the Asian Development Bank, but lowered than the forecast by the International Monetary Fund and the World Bank at 5.7% and 7.5% respectively. ...
US Auto Sales Point to Recovery
Chrysler, Ford sales up in January, GM declines F, GM US auto sales for the Big 3 American automakers were mixed in January as General Motors (GM) sales dropped 6% since January last year while Chrysler posted a strong gain of 44% over the same period and Ford increased 7%. Chrysler's year-over-year increase of 44% marked its best January in 4 yrs, and its 8th-consecutive mon ...
170,000 New Jobs in the USA
US private sector adds 170,000 jobs in January US private sector employment continued the momentum in the 1st month of Y 2012, bringing positive hope for labor market recovery in the new year, said the National Employment Report released Wednesday by Automatic Data Processing, Inc. (ADP). The ADP said that the private sector added 170,000 jobs from December to January on a seasonally a ...
Sony Corp (NYSE:SNE) Struggles to Survive
Sony sees US$2.9-B+ loss SNE, AAPL, SSNLF Japan's ailing electronics giant, Sony Corp (NYSE:SNE) warned investors Thursday it was heading for a worse-than-expected US$2.9-B annual loss, revealing the difficult task ahead for its incoming chief executive, Kazuo Hirai. The Company, overtaken by more innovative rivals such as Apple (NASDAQ:AAPL) and Samsung (PK:SSNLF) over the ...
American Airlines to Sack 13,000
AMR to cut 13,000 jobs AAMRQ AMR Corp. (OTC:AAMRQ) the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals. The cuts detailed by executives on Wednesday would be part of overall efforts to reduce operating expenses by more than US$2-B ann ...
Glencore to buy Xstrata
Glencore nearing deal to tie-up with Xstrata XSRAY Glencore International (LSE:GLN) is nearing an agreement to combine with Xstrata (PK:XSRAY) in a deal that would value the combined entity at 52-B GBP's (US$82.46-B). The 2 commodities-focused companies may announce a deal as early as this week, the people close to the transaction said. The deal value excludes the value of Gle ...
US Agriculture after the Closing Bell Report
US Agriculture after the Closing Bell Report Wheat futures posted a mid-range close, which was good for gains mostly between 0.07 and 0.09 at all 3 exchanges. Futures posted double-digit gains in early trade on follow through from yesterday's gains as well as Global crop concerns. But profit-taking kept gains in check. Old-crop Corn futures settled mostly 0.03 higher whil ...
World Market Snap Shot CAT, BAC, C, PHM
Red's Bull Trader Alert: US stocks extended January's rally Wednesday after upbeat Global manufacturing data boosted sentiment and as Greece neared its deal with private creditors. The recent run of better-than-expected economic data around the World has helped lift equity markets as investors move away from a worst-case scenario for the Global economy. An index of the US manufacturing sector ...
ASEAN Equities Preview, Thailand Undervalued
Markets in ASEAN are set for a strong rally today after lagging the US markets for most of 2012. Equities in Thailand are at bargain prices, The Stock Exchange of Thailand's price-to-earnings (P/E) ratio stood at 11.1 times, on par with its long-term ratio. Supported by the government's massive post-flood rehabilitation funds and stimulus packages, earnings growth of listed firms this year is p ...
Asia Safe from Euro Fallout
Asia has ample abilities to combat EuroZone turmoil spillover Key Asian economies including China still have ample policy action room to respond to spillovers of the escalating EuroZone debt crisis, a senior official from the International Monetary Fund (IMF) said Monday. Anoop Singh, director of the Asia and Pacific Department of the IMF, told a press conference that despite the E ...