49296 results returned for search: "" category ("Other" AND "Business")
LONDON (Reuters) - Luxury Western brands selling designer handbags and handmade suits to China’s newly-rich, may find their local distributors want a bigger role or even ownership given the $10 billion market is booming.
Takeover activity is expected...
DATE: Dec 03, 2010
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TORONTO (Reuters) Toronto-Dominion Bank and Canadian Imperial Bank of Commerce reported mixed fourth-quarter results yesterday, as a sharp drop in trading offset stronger retail banking results.
TD, Canada’s second-biggest lender, earned C$994 millio...
DATE: Dec 03, 2010
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MOSCOW/NEW YORK (Reuters) PepsiCo Inc will buy control of Russian juice and dairy company Wimm-Bill-Dann for $3.8 billion, its most ambitious overseas purchase, making it Russia’s largest food and beverage maker.
The New York-based maker of Pepsi-Col...
DATE: Dec 03, 2010
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NEW YORK (Reuters) - The euro rebounded against the US dollar yesterday and global stocks gained amid a recent raft of upbeat economic data and on speculation the European Central Bank (ECB) had boosted its buying of sovereign debt.
Investors were di...
DATE: Dec 03, 2010
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BEIJING (Reuters) China is considering investments of up to $1.5 trillion over five years in seven strategic industries, sources said, a plan aimed at accelerating the country’s transition from the world’s supplier of cheap goods to a leading purveyo...
DATE: Dec 03, 2010
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The Bermuda re/insurance market is coming under increasing pressure from low insurance rates and the market cycle has yet to reach its trough, according to a special report on the Island’s insurers by credit ratings agency AM Best Co.
The report, ent...
DATE: Dec 03, 2010
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AUTHOR:
Jonathan Kent
Premier Paula Cox is hopeful that the Island can strengthen links with the world’s second biggest economy after she yesterday signed a tax information exchange agreement with China in a ceremony at Camden.
Wang Li, the deputy commissioner of China’s ...
DATE: Dec 03, 2010
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AUTHOR:
Jonathan Kent
NEW YORK (Bloomberg) JPMorgan Chase & Co., Bernard Madoff’s “primary banker,” was sued for $6.4 billion by the trustee liquidating the imprisoned con man’s former firm.
Irving Picard, the lawyer appointed as trustee by a New York bankruptcy court, sa...
DATE: Dec 03, 2010
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WRAPUP 3-U.S. data shows fresh signs of improving economy
Weekly jobless claims rise to 436,000
Four-week moving average at fresh two-year low
Pending home sales rise 10.4 pct in October (Adds details, byline, updates markets)
By Lucia Mutikani
WASHI...
DATE: Dec 03, 2010
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NEW YORK (Bloomberg) - US stocks rallied, sending the Standard & Poor’s 500 Index to the biggest advance in three months, amid improving global economic data and on investor speculation of a larger European financial rescue.
Schlumberger Ltd. and Dow...
DATE: Dec 02, 2010
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