Tue, 23 Sep 2014 04:02:18 -0400

Jimmy Choo shoes are displayed during a men's fashion event in London in 2013 when the group enjoyed sales of £282 millionLuxury shoe brand Jimmy Choo unveiled plans on Tuesday to launch on the London market next month to raise cash for expansion in Asia and elsewhere.


Tue, 23 Sep 2014 01:43:57 -0400
Nufarm expects earnings to rise in fiscal 2015, boosted by benefits from restructuring, geographical diversity, and, hopefully, rain.
Tue, 23 Sep 2014 01:36:44 -0400
Passive investors expected to lead inflows in wake of formal classification as emerging market
Tue, 23 Sep 2014 01:14:17 -0400

Traders gather at the post where Alibaba Group Holding Ltd is traded on the floor of the New York Stock ExchangeBy Tim McLaughlin and Ashley Lau (Reuters) - Index fund managers are finding it hard to secure the bonds they need at the prices they want, forcing them to make trade-offs that can hurt investors and leave managers vulnerable in a market downturn. Bond liquidity has all but dried up for corporate issues after new regulations and capital requirements forced Wall Street banks to slash their inventories of fixed-income products following the financial crisis. ...


Tue, 23 Sep 2014 00:02:25 -0400
NEW YORK (AP) — A day after over 100,000 people marched to warn that climate change is destroying the Earth, more than 1,000 activists blocked parts of Broadway in Manhattan's financial district in a sit-in to protest what they see as corporate and economic institutions' role in the climate crisis.
Mon, 22 Sep 2014 23:16:18 -0400

New York City police officers arrest a man taking part in the Flood Wall Street demonstration in Lower Manhattan, New YorkBy Sebastien Malo NEW YORK (Reuters) - About 100 protesters were arrested on Monday in New York City during a demonstration that at one point blocked streets near the stock exchange to denounce what organizers say is Wall Street's contribution to climate change. The demonstration, called Flood Wall Street, drew hundreds of protesters, and came a day after a bigger action that brought 310,000 people to the streets of New York in what activists described as the largest protest ever against climate change. ...


Mon, 22 Sep 2014 22:27:46 -0400
NEW YORK: US stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy. The housing number "points to less strength in the US recovery," said Rex Macey, chief allocation officer at Wilmington Trust Investment Advisors in Atlanta, Georgia. In China, Finance Minister Lou Jiwei said the country would not dramatically alter its economic policy because of any one economic indicator.
Mon, 22 Sep 2014 20:55:10 -0400
(Reuters) - Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. ...
Mon, 22 Sep 2014 20:32:25 -0400

A portrait of the Facebook logo in Ventura(Reuters) - Facebook Inc is set to unveil a new advertising platform to improve effectiveness of online ads, the Wall Street Journal reported on Monday citing people with knowledge of the matter. ...


Mon, 22 Sep 2014 17:59:54 -0400

Traders gather at the post where Alibaba Group Holding Ltd is traded on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy. Equities were also pressured after China's finance minister indicated the country would not increase stimulus measures in response to some weak data of its own. Existing home sales fell 1.8 percent in August, far from the growth of 1 percent that had been expected. ...


Mon, 22 Sep 2014 17:38:50 -0400

How to Make Your Content (And Yourself!) Go ViralJonah Berger is a Marketing Professor at the Wharton School at the University of Pennsylvania and author of the New York Times Bestseller Contagious: Why Things Catch On. He has published dozens of articles in top-tier academic journals, and popular outlets like the Wall Street Journal and Harvard Business Review often cover his research. Berger...


Mon, 22 Sep 2014 17:35:59 -0400

Activist Gloria Fallon, from Chicago, holds a parachute banner which reads 'Justice' while taking part in the Flood Wall Street demonstration in Lower Manhattan, New YorkBy Sebastien Malo NEW YORK (Reuters) - Hundreds of protesters marched through New York City's financial district on Monday and blocked streets near the stock exchange to denounce Wall Street's role in raising money for businesses that contribute to climate change. Protesters stopped traffic on Broadway south of the New York Stock Exchange. Three people were arrested. ...


Mon, 22 Sep 2014 17:10:36 -0400

Traders work on the floor of the New York Stock ExchangeBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the rate of growth in the economy. Equities were also pressured after China's finance minister indicated the country would not increase stimulus measures in response to some weak data of its own. Existing home sales fell 1.8 percent in August, far from the growth of 1 percent that had been expected. ...


Mon, 22 Sep 2014 16:23:51 -0400
Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE The Clorox Co. up $6.66 to $97.23 The consumer goods company is exiting Venezuela, ...
Mon, 22 Sep 2014 16:22:57 -0400
U.S. stocks closed lower on Monday, with the S&P 500 suffering its biggest one-day decline since early August, as the latest housing data came in much weaker than expected, raising new concerns about the ...
Mon, 22 Sep 2014 13:19:14 -0400

New York City police officers stand guard in front of the Charging Bull sculpture as hundreds of protesters take part in the Flood Wall Street demonstration in Lower Manhattan, New YorkBy Sebastien Malo NEW YORK (Reuters) - Hundreds of protesters marched through New York City's financial district on Monday to call attention to what organizers say is capitalism's contribution to climate change, snarling traffic and risking arrest as they sought to block Wall Street. The Flood Wall Street demonstration comes on the heels of Sunday's international day of action that brought some 310,000 people to the streets of New York City in the largest single protest ever held over climate change. ...


Mon, 22 Sep 2014 12:34:26 -0400

Electronic board displaying movements in major indices is seen at Johannesburg stock exchange in SandtonJOHANNESBURG (Reuters) - South Africa's stock market saw its biggest one day drop in nine months on Monday, dragged lower by iron ore producers and a sharp fall in cement company PPC after the abrupt resignation of its chief executive. Kumba Iron Ore, a unit of Anglo American, fell by almost 6 percent to 269.90 rand and Assore, dipped by 5 percent to 236.98 rand due to falling metal prices, prompted by fears of a slowdown in largest consumer China. The blue-chip JSE Top-40 index fell nearly 2 percent to 45,244 and the broader All-share index fell by a similar marging to 50,485. ...


Mon, 22 Sep 2014 09:00:00 -0400
Europe's banks have joined forces with Europol's cybercrime unit to try to combat the rising and increasingly sophisticated threat being posed by cyber criminals to financial firms. The European Banking Federation (EBF), which represents about 4,500 banks, and Europol's European Cybercrime Centre - known as EC3 - said on Monday they had signed a memorandum of understanding to intensify cooperation between law enforcement and the financial sector. Wall Street bank JP Morgan said last month it was working with U.S.
Mon, 22 Sep 2014 08:26:43 -0400
This is good news for Anheuser-Busch InBev, which is reportedly sounding out the market on a massive loan and bond financing to back an estimated US$122bn bid to buy global beer rival SABMiller (LSE: SAB.L - news) . The deal would rewrite debt market history as the biggest-ever takeover financing and would turbo-charge the long-awaited upturn in M&A activity and bank revenue. AB InBev declined to comment on "market rumours or speculations" sparked by a Wall Street Journal report that the company was talking to banks to ready a financing plan before it formally approached SABMiller with its bid. Bankers speculated that the company could seek to raise a bridge loan of US$75bn-$80bn before issuing US$72bn-$110bn of bonds.
Mon, 22 Sep 2014 06:17:46 -0400

Google Nexus 8 Likely to Run Android L Straight Out of the Box(Reuters) - Google Inc has selected HTC Corp to make its upcoming 9-inch Nexus tablet, the Wall Street Journal reported, citing people familiar with the matter. Google had been mulling HTC as a potential Nexus tablet partner since last year and HTC engineers have been flying to the Googleplex in Mountain View in recent months to work on the project, the report said. Google's decision to pick HTC reflects its long-term strategy of building a broad base of partners from device to device to prevent any one manufacturer from gaining a monopoly, the report said. ...


Mon, 22 Sep 2014 06:01:27 -0400

Warren Buffett, Oprah Winfrey, Mark Zuckerberg, And Other Top CEOs Name Their Favorite BooksJustin Sullivan/Alex Wong/Michelly Rall (All Getty) The most powerful people in business spend much of their limited free time on a quiet, contemplative pursuit — reading books.  For example, the third-richest person in the world, Warren Buffett, says he spends 80% of his day tearing through the written word.  We’ve pored over interviews with some of America’s most influential execs — from Bill Gates to Jeff Bezos and Oprah Winfrey — to find out what they read. Here are the favorites.  Berkshire-Hathaway CEO Warren Buffett: “The Intelligent Investor” by Benjamin Graham When Buffett was 19 years old, he picked up a copy of legendary Wall Streeter Benjamin Graham’s “Intelligent Investor.”  He remembers it as one of the luckiest moments of his life, because within the book was the framework he would use for making investments.  “To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information,” Buffett said. “What’s needed is a sound intellectual framework for making decisions and the ability to keep emotions from corroding that framework. This book precisely and clearly prescribes the proper framework. You must provide the emotional discipline.” Buy it here >> Former Microsoft CEO Bill Gates: “Business Adventures: Twelve Classic Tales from the World of Wall Street” by John Brooks On the recommendation of Buffett, Gates became obsessed with a book called “Business Adventures,” a collection of New Yorker stories by John Brooks. The book reminds him that the foundations of successful businesses stay constant, Gates says, regardless of the decade.  He writes:  For one thing, there’s an essential human factor in every business endeavor. It doesn’t matter if you have a perfect product, production plan and marketing pitch; you’ll still need the right people to lead and implement those plans. Lots of publications — including BI — are getting into the book, too. Slate wrote that it’s “catnip for billionaires.”   Buy it here >>  Amazon CEO Jeff Bezos: “The Remains of the Day” by Kazuo Ishiguro When Bezos was asked what the most influential book for him was, he didn’t say a business book — he gushed about a novel: “The Remains of the Day,” which deals with age, memory, war, love, and Britain.  “Before reading it, I didn’t think a perfect novel was possible,” the Amazon CEO said. “I am entranced by that: the idea of the impossible achieved.”  With Amazon — an aggressive, but still profitless company — disrupting retail and publishing alike, it seems his business is doing much the same.  Buy it here >> Zappos CEO Tony Hsieh: “Tribal Leadership: Leveraging Natural Groups to Build a Thriving Organization” by Dave Logan, John King, and Halee Fischer-Wright Hsieh told USA Today that one of his favorite books is “Tribal Leadership,” a book that takes an anthropological approach to how people form groups in organizations.  “‘Tribal Leadership’  codifies a lot of what we’ve been doing instinctually and provides a great framework for all companies to bring company culture to the next level,” he said.  Buy it here >> Coca-Cola CEO Muhtar Kent: “The Ascent of Money: A Financial History of the World” by Niall Ferguson Kent recommends “The Ascent of Money,” by British historian Niall Ferguson. The book traces the role of cash from Mesopotamia to today.  “I love books on economic observations,” he said. “This is one of the best.” Buy it here >>   OWN Network CEO Oprah Winfrey: “To Kill A Mocking Bird” By Harper Lee Since Winfrey was a little girl, her favorite book has been Harper Lee’s staggering coming of age story.  “I remember reading this book and then going to class and not being able to shut up about it,” she said. “I read it in eighth or ninth grade, and I was trying to push the book off on other kids. So it makes sense to me that now I have a book club, because I have been doing that since probably this book.” Buy it here >>   Facebook CEO Mark Zuckerberg: “The Aeneid” by Virgil Zuckerberg may be a poster boy for millennial progress, but the Facebook founder’s reading taste skews classical. His favorite: “The Aeneid” by Virgil, an epic poem that tells the the story of Aeneas, a legendary hero associated with the birth of Rome and the fall of Troy.  Buy it here >> ExxonMobil CEO Rex Tillerson: “Atlas Shrugged” by Ayn Rand Tillerson — chief executive, oil king, and maker of $28 million a year — lists “Atlas Shrugged” as his favorite book.  He’s one of many powerful people, including Paul Ryan, to name the book as a fave, which might not be too surprising considering its content. “If you’re not familiar with the novel, it depicts a world where corporate CEOs and one-percenters are the selfless heroes upon which our society depends,” Salon writes, “and basically everyone else — journalists, legislators, government employees, the poor — are the villains trying to drag the rich down out of spite, when we should be kissing their rings in gratitude that they allow us to exist.” While it’s certainly a thought-provoking text, we question some of its business advice. Buy it here >>  IMAX CEO Richard Gelfond: “Life” by Keith Richards and James Fox Widescreen exec Gelfond loves the autobiography of Rolling Stones guitarist Keith Richards — a memoir full of drug busts and rock and roll. “The guy’s had an incredibly eclectic and interesting life that no one else has ever lived,” Gelfond said.  Buy it here >>    Now that you know what execs read, here’s what they write: 11 Books By CEOs That Will Teach You How To Run The World >> Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.


Mon, 22 Sep 2014 03:50:39 -0400
KUALA LUMPUR: Astro Malaysia Holdings Bhd's shares rose 2.0 sen in the morning session after releasing better results for the second quarter ended July 31, 2014 on Friday. The satellite pay-TV service provider posted a higher pre-tax profit of RM196.07 million on the back of better revenue of RM1.35 billion, attributed mainly to the increase in subscription and advertising revenue. AllianceDBS Research said Astro is experiencing higher subscriber churn rate of 9.9 per cent compared with 8.5 per cent in the previous year, leading to a slowdown in quarterly pay-TV net adds to only 16,000 during the quarter.
Mon, 22 Sep 2014 02:58:22 -0400

Traders work on the floor of the NYSE as they wait for a final price on the Alibaba Group Holding Ltd. IPO, in New YorkThe underwriters of Alibaba Group Holding Ltd BABA.N's IPO have issued additional shares, according to the Wall Street Journal, bringing the IPO's size to about $25 billion and making it the largest initial public offering in history. The move to exercise what is known as the "green shoe" option as part of Alibaba's initial public offering was widely expected if its shares performed well in the public market. Last Friday, Alibaba shares soared 38 percent in its first session, as investors clamored for a piece of the company, which is a massive bet on China's growing middle class. ...


Mon, 22 Sep 2014 02:14:20 -0400
DUBAI, Sept 22 (Reuters) - The chief executive of Dubai's palm island developer Nakheel said the success of a share sale by the malls unit of rival Emaar Properties could encourage it to list its own shares on the emirate's stock market. Emaar, Dubai's largest real estate developer, is aiming to raise as much as $1.58 billion from the offer of shares in Emaar Malls Group (EMG), which is expected to be the Gulf's biggest stock sale since 2008. ...
Mon, 22 Sep 2014 01:08:37 -0400
(Clarifies share sale to start Oct, not Sept) DUBAI, Sept 21 (Reuters) - Saudi Arabia's National Commercial Bank will begin its much-anticipated initial share sale next month, a statement to the kingdom's stock market said on Sunday. The initial public offering (IPO), expected to be one of the largest ever in the Gulf region, will see 300 million shares - equivalent to 15 percent of the lender - offered to Saudi investors between Oct. 19 and Nov. 2, the statement said. ...
Ads related to news
Ads related to news