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Search results for "LTD"



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Shanghai Comp nurse slight losses; Tokyo rewrite 15-year high

Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses to finish at a one-week low, while Japan was the "quiet achiever" for the day.
Source: CNBC.com | By: See Kit Tang
China stocks volatile, end mixed after previous day's tumble

The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.1 percent, to 4,840.83, while the Shanghai Composite Index lost 0.2 percent, to 4,611.74 points. The sell-off on Thursday, which saw turnover in Shanghai set a record at 1.2 trillion yuan, was set off by multiple factors, including margin finance tightening moves by brokerages, a...
Source: Reuters
For failed Atlantic City loan program, big promises fizzled

ATLANTIC CITY, N.J.- When Jim Thigpen first met with an investor in early 2012 to discuss selling control of the Tennessee financial firm he had run for more than 20 years, he said W. Wesley Drummon boasted of a business plan that involved $2 billion from the Bank of China. But as Drummon negotiated with Thigpen to purchase the Tennessee Business and Industrial...
Source: The Associated Press | By: By JOSH CORNFIELD, Associated Press
GLOBAL MARKETS-China stocks halt plunge, Asia wary but advances

TOKYO, May 29- Asian shares rose on Friday as Chinese shares edged back from the previous day's dizzying plunge, though regional investors remained fearful that the world's best performing equity market was at the beginning of a major correction. Spreadbetters expected Britain's FTSE, Germany's DAX and France's CAC to open higher, albeit modestly in light of...
Source: Reuters
Intel nears $15 bln deal to buy Altera - NY Post

May 29- Intel Corp is close to a deal to buy smaller chip maker Altera Corp for about $15 billion, the New York Post reported. The deal price could be as much as $54 a share, a 15 percent premium over Altera's Thursday closing price of $46.97, the New York Post reported, citing a source close to the situation. Altera in April rejected an unsolicited $54 per share offer from...
Source: Reuters
WRAPUP 1- Japan spending slump casts doubt on central bank optimism

TOKYO, May 29- Spending by Japanese households slumped unexpectedly in April and consumer inflation came in roughly flat, casting doubt on the central bank's view that a steady economic recovery will help move inflation toward its ambitious 2 percent target. Households spent less on leisure and dining out even as the jobless rate fell to a 18- year low,...
Source: Reuters | By: Leika Kihara
WRAPUP 1-U.S. economy likely shrank in 1st qtr, but fundamentals strong

*First-quarter GDP seen revised down to show contraction. GDP forecast shrinking at a 0.8 percent annual rate. WASHINGTON, May 29- The U.S. economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly.
Source: Reuters
Chinese stocks up at midday, shaking off morning slump

SHANGHAI, May 29- Chinese stocks ended the morning session up slightly on Friday, but the market saw high volatility after a sharp sell-off on Thursday that some analysts saw as the beginning of a correction. The sell-off on Thursday, which saw turnover in Shanghai set a new record at 1.2 trillion yuan, was set off by a number of factors, including margin finance...
Source: Reuters | By: Pete Sweeney and Samuel Shen
Nikkei ekes out gains, may extend winning streak to 11th day

*Yahoo Japan jumps on China business plan. TOKYO, May 29- Japan's Nikkei share average edged up on Friday on hopes of better shareholder returns, looking set to extend its winning streak to 11 straight sessions and its fifth straight month of gains. Nonetheless, the market is really firm, "said Toshiyuki Kanayama, market analyst at Monex Securities.
Source: Reuters | By: Hideyuki Sano
China shares swing wildly on fears big correction looms after Thursday plunge

*Chinese main indexes dropped more than 6 pct Thurs. SHANGHAI, May 29- China stocks bounced in and out of positive territory Friday morning in highly volatile trade after a Thursday rout saw main indexes lose over 6 percent in record turnover. The 4 percent SSEC fall, combined with the Thursday slide after a peak hit Wednesday, put the Shanghai market down over 11...
Source: Reuters | By: Pete Sweeney