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World - Negredo joins Valencia on loan from Man City


VALENCIA, Spain (AP) Valencia has acquired striker Alvaro Negredo on loan from English champion Manchester City moments before the close of the transfer market.


Monday, September 01, 2014  23:24

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Business - China`s Li Ning stumbles from gold medal position to no man`s land


By Donny Kwok HONG KONG (Reuters) - In 2010, former Chinese gymnast Li Ning led a surging $4 billion sportswear business, a gold-medal pinnacle echoing his victories at the 1984 Olympic Games. Now, the Li Ning business is more reminiscent of the ex-sportsman`s exit from the 1988 Olympics without a podium finish. As customers have turned to aspirational global brands like Nike Inc or cheaper local firms, Li Ning has racked up heavy losses, losing four-fifths of its market value.


Monday, September 01, 2014  23:11

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Business - Wall Street dips on Ukraine concerns, but data strong


Ukraine`s security and defense council said the border town of Novoazovsk and other parts of Ukraine`s south-east had fallen under the control of Russian forces who, together with rebels, were staging a counter-offensive. `The longer this situation goes on, the bigger concern it will become for the market as it is unclear how it gets resolved,` said Doug Cote, chief market strategist at Voya Investment Management in New York. Russia`s dollar-denominated RTS index slumped 3.3 percent while the Market Vectors Russia Exchange-Traded Fund fell 2.9 percent to $24.37.


Thursday, August 28, 2014  17:05

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Business - Wall Street dips on Ukraine concerns despite strong data


Ukraine`s security and defense council said the border town of Novoazovsk and other parts of Ukraine`s south-east had fallen under the control of Russian forces who, together with rebels, were staging a counter-offensive. `The longer this situation goes on, the bigger concern it will become for the market as it is unclear how it gets resolved,` said Doug Cote, chief market strategist at Voya Investment Management in New York. Russia`s dollar-denominated RTS index slumped 3.6 percent while the Market Vectors Russia Exchange-Traded Fund fell 2.9 percent to $24.37.


Thursday, August 28, 2014  15:31

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Business - Conquer 4 Problem Areas to Prove Marketing ROI


You`re pleased with your marketing program. Your campaigns achieved short-term goals and the marketing department made important headway toward overarching strategic targets. Yet, when it comes time to prove ROI and show corporate leaders and other teams how and why your marketing efforts were a success, you might find that you come up short....


Tuesday, August 26, 2014  16:25

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Business - U.S. S&P 500 stock index hits 2,000 milestone


`The rise in the S&P 500 is a virtual twin to the rise in the total US stock market, so of course investors, and especially index fund investors, who received their fair share of those returns, feel wealthier,` said John Bogle, Vanguard`s founder and former CEO, who started the first S&P index fund in 1975. These defined-benefit plans reported among their best annual returns in 2013, dramatically closing funding gaps owed by companies to these funds that had opened up because of the collapse in stock market values during the financial crisis. The stock market rally has helped repair state public finances as well. The rally has also helped push global merger and take-over activity to a seven-year high as chief executives have had boardroom confidence to strike deals and have given private equity funds a way to exit deals at profit through initial public offerings.


Monday, August 25, 2014  15:52

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Business - Bruised euro holds ground ahead of inflation test


By Marc Jones LONDON (Reuters) - The euro clung to modest gains and a rally in Europe`s share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data. Escalating tensions in Ukraine kept riskier assets under pressure, with the top share index in Germany -- whose corporate sector has strong trade ties with Russia -- extending initial losses on reports Russian troops had crossed the border to fight alongside separatists. The recently-battered euro inched off a one-year low versus the dollar to $1.3204 as bond markets steadied with yields in most key parts of the euro zone pinned near record lows. `If the German CPI (inflation figures) underline strengthening deflation, it will fuel caution towards the euro zone... and add selling pressure on the euro,` said Junichi Ishikawa, a market strategist at IG Securities.` European stocks took their lead from a quiet Asia as the main markets in London, Frankfurt and Paris opened 0.2, 0.4 and 0.2 percent lower after three days of gains.


Thursday, August 28, 2014  10:22

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Business - European investors hold nerve as Russia-Ukraine warnings ratchet up


By Marc Jones LONDON (Reuters) - European markets cautiously navigated warnings that the conflict in Ukraine was sliding out of control, focusing instead on whether the European Central Bank will strengthen its stimulus plans when it meets this week. Ukraine reported its forces were under fire again from Russian tanks on Monday as fresh signs emerged that the troubles are damaging the euro zone`s already-fragile economy. Signs that growth impetus waned in the key industrial engine of Germany, and in Spain and the Netherlands too, is also less than reassuring.` Despite the uncertain backdrop, shares on Europe`s FTSEurofirst 300 index largely held their ground in morning trading after markets in Asia had also shrugged off some mildly disappointing data from China. Ukrainian President Petro Poroshenko warned at the weekend that a `full-scale war` was imminent if Russian troops continued to support pro-Moscow rebels as European leaders threatened new sanctions.


Monday, September 01, 2014  13:53

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Business - Passive funds an active threat for Europe`s fund managers


By Simon Jessop and Nishant Kumar LONDON (Reuters) - Warren Buffett built a fortune of nearly $60 billion from astute stock picking, but when the 83-year-old dies, the vast majority of the money he leaves his wife will be parked in a fund that simply moves in step with an index. The afterlife plans of the man nicknamed the Sage of Omaha, revealed in a letter to his investors earlier this year, underline a sea change afoot in the investment industry. Fed up with high fees and poor performance, investors are increasingly shunning active fund managers who promise to beat the stock market in favor of cheaper, passive funds, which simply track it. Such funds account for about a quarter of the money invested in the UK stock market, up from 15 percent a decade ago.


Sunday, August 31, 2014  14:10

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World - Guinea Ebola riots wound dozens


Clashes between protesters and security forces in a Guinean city at the epicentre of the west African Ebola outbreak have left at least 55 wounded, the local government said on Saturday. A curfew was imposed in N`Zerekore, Guinea`s second-largest city, after two days of protests Thursday and Friday by market stall holders against a team of health workers sent, without notice, to spray their market with disinfectant. Regional governor Lancei Conde said at least 27 law enforcement officers forces were among the wounded. Local lawmaker Honomou Kourouma blamed the violence on former rebels, without specifying which groups he was referring to.


Saturday, August 30, 2014  20:45

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