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The separation of the former Sara Lee Corp. became final Monday when its European spinoff began life as a freestanding company. D.E Master Blenders 1753 opened formal trading on the Amsterdam exchange. Shares of the coffee and tea producer, known for
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The much-awaited mortgage law is slated to be issued before the end of 2012 to enable end-users and real estate developers to secure financing and meet local demand for housing, a Central Bank official told Gulf News. The new mortgage law is
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Investors wonder when the bearish phase in equity market will end. They want to return to the optimism of a shining India that is sought after by global investors and is reflected in rising stock prices...Equity markets are primarily about allocating
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00 am · Commercial real estate is catching investors' eyes. A new player is Steel Castle Capital LLC from Fullerton that recently acquired its first property a 212-unit Class-A apartment complex Club at Tranquility Lake in Pearland, Tex., through an
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Office of the Comptroller of the Currency said in a report on banking-industry risks released Thursday. The regulator of national banks said the chase for profit may lead to "inappropriate levels of risk." "As net interest income has declined, non-
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AT&T provides a better positioned telecom to replace the outgoing Frontier. Its yield is sustainable, despite its high payout of free cash flow, at 71%. AT&T has a strong competitive position in mobile among what's effectively a triopoly with Verizon
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The latest bout of gloom, darkened by a worse-than-expected jobs report from Washington, seems to have doused any residual glimmers of optimism that greeted last week's agreement by European Union leaders to use the region's bailout funds to prop up
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China's top economic planner said Thursday it will offer preferential energy and water prices to encourage private investment in public utilities projects. The government will "implement supportive price policies for public utilities, such as urban
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Local stocks are trading in the red on the final session of the week, following weakness in European markets and a mixed finish on Wall Street overnight. The European Central Bank cut interest rates by 0.25pct to a record low of 0.75pct as expected
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Stock index futures pointed to a slightly lower open on Wall Street on Thursday as local shares were set to catch up with losses on global markets after a U.S. holiday on Wednesday. Wednesday, moving within a tight range as investors awaited central
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