Aboitiz Equity 2Q Net Profit Up 6% At PHP6.0 Billion
Philippine conglomerate Aboitiz Equity Ventures Inc. (AEV.PH) said Monday its net profit in the second quarter rose 6% to 6 billion pesos ($143 million) driven mainly by gains from its power firm.
Knight Deal May be Raw Deal for Shareholders
Knight Capital may yet survive – but in nowhere near the shape it was before its now infamous trading error, and possibly without its CEO.
Asian Shares Climb, Aided by U.S. Jobs Report
Asian markets rose sharply on Monday as strong employment data from the U.S. and positive signs from Europe improved sentiment, lifting the South Korean won to its highest level in four months.
Australian Inflation Reaches 0.2% In July: Survey
Australian inflation reached 0.2% in July from the previous month, according to the TD Securities - Melbourne Institute monthly survey.
Japan Stocks Jump After U.S. Jobs, Toyota Earnings
Japanese stocks surged in early Monday trading, with Friday's stronger-than-expected U.S. jobs report and subsequent Wall Street gains feeding into Tokyo trade, while Toyota Motor Corp. jumped 3.4% after posting strong earnings late Friday.
Australian Shares Join In Global Rally
Australian shares climbed on Monday, with investors joining in a global rally triggered by optimism for the U.S. economy and for bond-buying in Europe.
GM Postpones Brazil Layoffs Until November - Reuters
General Motors Co. (GM) and a union in Brazil have agreed to postpone until November a decision to lay off nearly 2,000 workers, Reuters reported Sunday.
Fortescue Secures US$1.5 Billion in Loans, Credit for Expansion
Fortescue Metals Group Ltd. (FMG.AU) said it has secured US$1.5 billion in loans and credit to help fund the expansion of operations in Western Australia.
IAG Mulls Taking Stake In American Airlines
International Consolidated Airlines Group SA (ICAGY, IAG.MC, IAG.LN) is mulling the purchase of a minority stake in American Airlines, and is hoping to ensure the U.S. carrier stays in the OneWorld Alliance, The Financial Times reports on its website Sunday.
Marks & Spencer Seen as Bid Target - Newspaper
U.K. retailer Marks & Spencer Group PLC (MAKSY) is being eyed as a potential 6 billion pound (9.4 billion dollar) bid target after a 50% slump in its shares since 2007, the Sunday Telegraph reports, citing banking sources.