Portugal will end its three-year,78 billion euro bailout from the EU and IMF on May 17,as it says it has financial reserves for one year and no longer needs an emergency line of credit.Portugal's exports and austerity measures have strengthened the economy to this level.The country's unemployment rate is at 15.3% and its debt to GDP is 129%.*
Australian bank Westpac showed a profit increase of 8%,while ANZ Bank's profit rose 11%.Westpac said the improvement was due to loan growth and wealth management fees.*
China National Nuclear Corporation is to be publicly listed in Shanghai.The IPO aims to raise 2.6 billion dollars.CNNC is China's second largest nuclear plant operator.*
The HSBC China Manufacturing PMI came in at 48.1,the fourth straight monthly decline.Below 50 indicates contraction in the sector.Deflationary pressure is still there in China,said Yao Wei,China economist at Societe Generale.We think the economy will remain relatively weak.A hard landing for China would be 5% growth.It's all about reform at the end of the day,Ms.Wei noted.*
Most Asian markets were lower Monday on the contraction of Chinese manufacturing.US stock futures were also lower on fears that the Ukraine crisis is getting out of hand,with large demonstrations and a deadly fire in Odessa,while the price of safe haven gold rose.*
In Champions Tour golf,German Bernhard Langer won the Insperity Invitational at The Woodlands,Texas by one stroke.It was his third win at the tournament,and with it he consolidated his lead in the Charles Schwab Cup standings.American Fred Couples took second,and Colin Montgomerie of Scotland came in third.
Showing posts with label ANZ Bank. Show all posts
Showing posts with label ANZ Bank. Show all posts
Monday, May 5, 2014
Monday, January 21, 2013
Asia This Day:Russian Advances at Australian Open;Reliance India
At the Australian Open,the Grand Slam of the Asia-Pacific,Russian Svetlana Kuznetsova upset Dane Caroline Wozniacki 2-6,6-2,7-5 to advance to the quarter finals.Victoria Azarenka of Belarus also advanced,defeating Russian Elena Vesnina 6-1,6-1.
On Sunday,Serb Novak Djokovic defeated Swiss Stanislas Wawrinka in a 5-hour marathon match 1-6,7-5,6-4,6-7,12-10.It is being called one of the best Australia Open matches in history.
American Serena Williams will be playing Russian Maria Kirilenko for another quarter final berth today.
All US men and Australians have been eliminated from singles competition.
The tennis tournament is being sponsored by KIA Motors,ANZ Bank,Rolex,IBM and Jacob's Creek Winery.
India's Nifty Fifty futures were up in early Monday trading as Reliance Industries Ltd reported better than expected earnings.
The Australian housing market is more affordable than New Zealand's,a survey shows.
Gold and silver prices were up,and oil rose as well in early Monday trading.
Update:Serena Williams defeated Maria Kirilenko 6-2,6-0.She must now play fellow American Sloane Stephens,who is 19 years old and the top-ranked teenager in the world.
iShares Australia Index Fund(EWA)
On Sunday,Serb Novak Djokovic defeated Swiss Stanislas Wawrinka in a 5-hour marathon match 1-6,7-5,6-4,6-7,12-10.It is being called one of the best Australia Open matches in history.
American Serena Williams will be playing Russian Maria Kirilenko for another quarter final berth today.
All US men and Australians have been eliminated from singles competition.
The tennis tournament is being sponsored by KIA Motors,ANZ Bank,Rolex,IBM and Jacob's Creek Winery.
India's Nifty Fifty futures were up in early Monday trading as Reliance Industries Ltd reported better than expected earnings.
The Australian housing market is more affordable than New Zealand's,a survey shows.
Gold and silver prices were up,and oil rose as well in early Monday trading.
Update:Serena Williams defeated Maria Kirilenko 6-2,6-0.She must now play fellow American Sloane Stephens,who is 19 years old and the top-ranked teenager in the world.
iShares Australia Index Fund(EWA)
Monday, October 8, 2012
Asia This Day:More Trouble At Foxconn;Chinese Stocks Cheap
The Southern European shock has had a very sizable global impact,according to Stephen King,HSBC Group Chief Economist.We're not seeing the same kind of China boost this time around.HSBC predicts 8.6% China growth,with global growth at 2.2% for 2012.
The number of Australian help wanted ads were down for the sixth straight month,says ANZ Bank.
Japanese markets are closed today for Fitness Day,while Chinese markets reopened after a week-long holiday.Chinese stocks are the cheapest they've been since 1997.Hong Kong's Hang Seng index was down 0.70 in Monday morning trading.
At a Foxconn factory in Zhengzhou,China,workers returned to their jobs today after 3-4,000 walked off Friday,closing down two shifts.They had gotten upset when quality control said they were scratching too many Apple iPhone 5 casings.This follows a riot the week before at another Foxconn plant in Taiyuan that also makes iPhone 5 casings.
The Zhengzhou workers complained that new quality standards for iPhone casings were beyond the limit of their vision.A ruckus broke out over the issue resulting in property damage,injury and hospitalisation.
The number of Australian help wanted ads were down for the sixth straight month,says ANZ Bank.
Japanese markets are closed today for Fitness Day,while Chinese markets reopened after a week-long holiday.Chinese stocks are the cheapest they've been since 1997.Hong Kong's Hang Seng index was down 0.70 in Monday morning trading.
At a Foxconn factory in Zhengzhou,China,workers returned to their jobs today after 3-4,000 walked off Friday,closing down two shifts.They had gotten upset when quality control said they were scratching too many Apple iPhone 5 casings.This follows a riot the week before at another Foxconn plant in Taiyuan that also makes iPhone 5 casings.
The Zhengzhou workers complained that new quality standards for iPhone casings were beyond the limit of their vision.A ruckus broke out over the issue resulting in property damage,injury and hospitalisation.
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