Barclays Stories
Moet & Chandon Announced Official Champagne of ATP World Tour
French luxury alcoholic beverage brand, Moet & Chandon, announced on Wednesday that the Association of Tennis Professionals (ATP) and it had reached an agreement to declare Moet & Chandon as the official champagne and global partner of the ATP World Tour, which is the men's professional tennis circuit.
Freeport Indonesia Strike Going into Third Month
Union workers at Freeport Indonesia are extending their strike into a third month, keeping production and exports halted from the world's second biggest copper mine.
Asian Shares Drop as Eurozone Bond Yields Rise
Asian shares fell on Tuesday, as a rise in euro zone bond yields reflected lingering doubts about the ability of politicians in Italy and Greece to push through painful reforms to resolve their debt crises and win market confidence.
India Inflation at 9.73 Percent; Complicates Monetary Policy
India's headline inflation was unchanged in October, worse than forecast and above the 9 percent mark for the eleventh straight month.
MF Global's Mass Layoff Only First Rumbling of Upcoming Storm
The decision to lay off 1,066 people who worked for MF Global -- effective immediately and without severance -- will give people pause. But it is only the beginning of the nastiness in the MF Global saga
Gold Prices End Wild Week with Another Gain
Gold prices rode a roller-coaster this week, topping a peak midweek when the settled at $1,799.20 before plunging 2.2 percent over the next two days on fears Italy had lost control of its finances and was threatening the Eurozone's survival.
As Banks Stop Hiring, Industry Safety Net Rips Apart
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Firms Find it Hard to Think Outside the Euro
German travel group TUI AG is going where the world's biggest financial firms have yet to venture.
Manisha Girotra Quits UBS India
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal memo.
UBS India Head Resigns; Kamat Named New CEO: Memo
The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
Apple iCloud - the New Digital Hub
Barclays Capital believes that iCloud could be Apple Inc.'s (NASDAQ: AAPL) most important new service since the launch of iTunes in 2003.
Kenya starts FTSE-based stock indexes, eyes bonds
Nairobi Securities Exchange has launched two stock indexes in conjunction with FTSE Group, and said on Tuesday it planned to start one for Treasury bonds next year.
Barclays downgrades RIM on product delays
Research In Motion will lose more market share in the United States and see its international growth limited as the rollout of the Blackberry maker's new operating platform hits snags, Barclays said, downgrading the stock by a notch to equalweight.
Gold Poised to Climb Past $1,800
Gold prices Tuesday bumped around the previous day's closing price on profit-taking but safe-haven buying and favorable currency moves appeared set to lift the metal above $1,800 per ounce.
A Full Blown Apple TV on the Way
A full-blown Apple Smart TV is in the works, according to the Steve Jobs' biography by Walter Isaacson that reveals Jobs wanted to create a television with a simple user interface.
Italian Bond Yields Dangerously High, But European Stocks Steady
Italian bond yields ticked higher on Tuesday, closing in on unsustainable levels as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.
Best Buy bags U.S. mobile venture, axes UK chain
The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business, which faces stiff competition from discounters and online retailers. Earlier this year, the U.S. group dropped plans for Best Buy-branded stores in China and Turkey.
Asian, European Markets Down as Euro Fears Shift to Italy
Asian Shares Dip After Greek Coalition Deal
Asian shares struggled and credit markets weakened Monday, with investors still nervous despite the agreement on formation of a new Greek unity government intent on avoiding imminent debt default.
Gold Rises 1% amid Jitters on Greece and Italy
Gold prices gained nearly 1 percent on Monday after Greece's politicians sealed a deal to form a coalition government, while continued uncertainty about resolving the zone's debt crisis supported safe-haven demand in bullion.
G-20 Identifies 29 Major Banks Requiring More Capital, Closer Supervision
World leaders on Friday identified 29 banks deemed so important to the global financial system that they require more capital and closer supervision, as well as a plan that would safeguard taxpayers should they fail.
YouTube Draws $1.6 Billion in 2011: Is Cable TV in Trouble?
Barclays Capital's Anthony DiClemente believes YouTube will make $1.6 billion in 2011. Does YouTube have what it takes to compete with cable?
Can YouTube's New Video Channel Offering Move the Needle?
Google recently said it would launch 100 online video channels on YouTube that would feature new original programming from celebrities such as Jay-Z, Madonna, Shaquille O'Neal, and Tony Hawk, a move that would make YouTube a rival to cable and satellite TV channels.
Apple's Capex Guidance of $8 Billion Could Mean Something for iCloud, Revenue: Analyst
Barclays Capital said Apple Inc.'s capital expenditure (capex) projection is really the only major figure it forecasts for investors on an annual basis in every 10Q and 10K filings. The brokerage said capex guidance of $8 billion could mean something for iCloud and revenue.
Apple iPhone 5 May Arrive in 2012: Roundup of Rumored Features
While Apple Inc.'s iPhone 4S is marching towards a huge success from around the world, analysts are expecting a 4G LTE iPhone 5 to come in 2012.
Dollar Pressures Gold, but Euro Rise Helps Gold Pare Losses
Gold traded lower on Tuesday, under pressure from a stronger dollar, but a surprisingly weak read of U.S. factory activity enabled the euro to claw back some gains, thereby helping the bullion price pare earlier losses.
Gold Falls 0.8%, Silver Down 4.7%
Gold prices fell sharply Tuesday but regained much of the lost ground to close down 0.8 percent on reports that retail investors are increasing their exposure to gold-back exchange-traded products.
Pfizer Earnings Top Expectations on Lipitor Strength, Gains from Capsugel Sale
Pfizer Inc., the world's largest drug maker, reported third-quarter profit that topped analysts' expectations based on U.S. growth of their cholesterol block-buster drug Lipitor, favorable foreign exchange rates and increases in overseas sales.
Barclays Kenya reaps from cost cuts, prudent lending
Barclays Bank of Kenya said on Tuesday its pretax profit increased 26 percent to 8.87 billion shillings in the nine months ended September, driven higher by the benefits of cost-cutting and sharply reduced bad loan provisions.
Banks Lead European Shares Lower
Banks led European shares lower on Monday, giving up some of last week's hefty gains as demand for detail on the recent euro zone debt deal teed up a weak end to a bumper month, with the broader market on course to snap a five-month losing streak.