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Financial News Stories

Egypt arm of Dubai developer Emaar reports big profit increase

CAIRO (Reuters) – Emaar Misr, the Egyptian arm of Dubai developer Emaar Properties, on Sunday reported a big jump in first-quarter profits, supported by strong revenue growth. The subsidiary of Dubai’s largest real estate developer said profits reached 172.7 million … Continue reading

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Prologis to buy KTR Capital for $5.9 billion

NEW YORK (Reuters) – Prologis Inc , which owns warehouses and retail-distribution centres, has agreed to buy industrial-property owner KTR Capital Partners for $5.9 billion (4 billion pound), the Wall Street Journal reported on Sunday on its online edition. Citing … Continue reading

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Proton Beam Therapy Group To Raise £20m

A company whose focus on a specialised form of cancer treatment sprang to prominence last year during the case of five year-old Ashya King will disclose on Monday that it is in talks to raise tens of millions of pounds … Continue reading

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Conservatives aim to sell Lloyds shares to small investors

By David Milliken LONDON (Reuters) – Chancellor George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if his Conservative Party wins the May 7 election. Britain’s … Continue reading

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Oil slide slashes first-quarter profit, not investment plans at Saudi’s SABIC

By Marwa Rashad and Reem Shamseddine RIYADH (Reuters) – Saudi Basic Industries Corp faces heavy pressure on its profits due to cheap oil but will keep investing globally to boost capacity in key areas, its acting chief executive said on … Continue reading

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Euro working group to meet Wednesday, deal still sought: Greek official

ATHENS (Reuters) – Euro zone deputy finance ministers will meet midweek ahead of a Eurogroup finance ministers’ gathering two days later, a Greek government official told Reuters, as Athens and its creditors continue to seek a deal on reforms to … Continue reading

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Another crunch week in Greek bailout saga

By Mike Peacock LONDON (Reuters) – The threat posed by Greece beyond its borders may have diminished but efforts to agree an economic reform program to free up bailout funds and avert default will capture world attention this week. Euro … Continue reading

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For short-sellers in U.S. stocks, the agony just piles on

By Jennifer Ablan and David Gaffen NEW YORK (Reuters) – In January 2014, veteran short-seller Bill Fleckenstein said he was readying a new fund to bet on falling stock prices. More than a year later, he’s still waiting to launch … Continue reading

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Wall St Week Ahead

By Chuck Mikolajczak NEW YORK (Reuters) – Investors attempting to determine whether U.S. equities will rebound from Friday’s selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy. The … Continue reading

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Poor earnings overrule growth endorsement, dent market sentiments

Mumbai, April 18 (IANS) The Indian equities markets were dampened during the weekly trade ended April 17, proving that mere endorsement of economic growth potential by international financial institutions is not enough and that corporate India’s earnings have to catch-up … Continue reading

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Financial News

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