Coca-Cola Earnings Preview: Q1 Lifted By Sales In Emerging Markets
The Coca-Cola Company (NYSE: KO) is expected to report stronger first-quarter profit as the world's largest soft-drink maker tries to offset higher commodity prices by undertaking a new cost-cutting program and continuing to target emerging market growth.
Fortuna Posts Higher Q1 Silver Production
Fortuna Silver Mines (FVI.TSX, NYSE: FSM) said silver production at its Mexico and Peru silver mines more than doubled in the first quarter as it mined higher grade ore from reserves in newly opened production level.
March US Retail Sales Rose 0.8%, Higher Than Expected
Sales at U.S. retailers rose sharply for the third straight month in March, as Americans continued to weather the hike in gasoline prices and splurged on buying new cars and renovating their homes.
33 Key Earnings Reports To Watch, April 16-20
Earnings season will kick into full gear next week with results due from major players. The stock market had an incredible first quarter with double-digit percentage gains, and the flood of company earnings reports will largely decide which way the market will be going from here.
Retail Sales, Housing Starts: Next Week’s Economic Events
Reports on retail sales and housing starts in March highlight the economic calendar next week, April 16-20. Economists will be watching for any lingering signs of a positive boost from the recent warm weather, as well as indications of whether the strength in consumer demand continues.
US Consumer Price Index Rose 0.3% In March, Gas Price Eased
The cost of living in the U.S. increased at a slower pace in March as the rise in energy prices eased, supporting the Federal Reserve’s view that the jump in oil and gas prices is only temporary.
WTO Warns Global Trade Will Shrink Again In 2012
Trade growth is expected to slow for a second year in 2012 amid severe downside risks that could push it even further below the 20-year average of 5.4 percent, the Geneva-based body forecast Thursday.
Jobless Claims Jump To 380,000, Higher Than Forecast
Claims for jobless benefits rose to 380,000 last week, giving economists another piece of data to worry about after a gloomy job market showing in March. Meanwhile, a Federal Reserve report published Wednesday painted a picture of a recovery that continues to press ahead, however, modestly, amid concerns of higher fuel prices.
Stocks Recoup Losses: Daily Markets Wrap
Stocks popped Wednesday on both sides of the Atlantic, one day after their worst loss of the year, on easing euro zone worries and hopes for a better-than-expected earnings season.
China Real Estate: Bubble's Burst Could Propel A Hard Landing
Chinese real estate is facing such deep woes largely because government policies have encouraged market domination by speculators -- pushing prices out of reach for everyone except the rich.
Alcoa Inc. (AA) Downside Risk Remains Despite Soaring Shares On Surprise 1Q Profit
Shares of Alcoa Inc. (NYSE: AA) surged more than 8 percent Wednesday after the U.S. aluminum giant kicked off the Wall Street earnings season with an unexpected profit as it cut costs and improved productivity.
U.S. Import Prices Jumped 1.3% In March, Higher Than Expected
Prices of goods imported into the U.S. rose more than forecast in March, driven by higher prices in fuel and non-fuel sectors, a government report showed Wednesday.
Stocks Tumble For A 5th Day, VIX Soars: Daily Markets Wrap
Stocks extended their longest and deepest slump of the year on rekindled worries about the euro zone crisis along with nervousness about first-quarter corporate earnings.
Bernanke Calls For More Shadow Banking Curbs
Federal Reserve Chairman Ben Bernanke pushed for new steps to stem risks from “shadow banking” operating beyond traditional oversight and said the economy is still suffering from the 2008 financial crisis.
China Unexpectedly Swings To Trade Surplus in March
China posted a surprising trade surplus in March, reversing a hefty deficit in February, but the underlying data indicated that its domestic economy seems to be losing steam, while exports were still weak as the European economy falters.
Komipo Inks $3.4 Billion LNG Deal With Vitol
Korea Midland Power Co. Ltd., or Komipo, said Monday it struck a $3.4 billion deal with Switzerland's Vitol SA to buy liquefied natural gas for 10 years starting in 2015.
CPI, PPI, Fed Speakers: This Week’s Economic Events
The economic calendar this week – April 9 to 13 -- is all about inflation. The market will be monitoring import prices, producer prices and Friday’s key consumer prices index. On the policy front, the Atlanta Fed will host 2012 Financial Markets Conference: “The Devil’s in the Details,” between April 9 and 11. We will be hearing from a bevy of Federal Reserve officials, including Chairman Ben Bernanke.
Alcoa Cuts Alumina Capacity; 1Q Report Due Tuesday
Alcoa Inc., the U.S. aluminum giant, said Thursday it will reduce its annual total alumina production capacity by 2 percent this year, aimed at matching output with its plans to reduce smelter capacity amid global oversupply that has hurt prices.
US Added 120,000 Jobs In March, Fewest In 5 Months
U.S. employers hired 120,000 workers in March, well below economists' forecast, and the smallest gain since October, signaling the economy could be losing momentum.
Stocks Tilt Lower Ahead Of Easter Break: Daily Markets Wrap
Global stocks ended mixed Thursday as solid jobs data and better-than-expected results from retailers failed to offset revived concerns about the euro zone’s fiscal stability.
Stagnant Wages To Hit US Economic Recovery: HSBC
The U.S. economy is expected to expand at a disappointing pace in 2012, similar to the tepid 1.7 percent growth rate achieved in 2011, despite recent job gains, according to economists at HSBC, who said wages have failed to keep up.
Spanish Yields Surge To Near 4-Month Highs
Spanish borrowing costs Thursday hit their highest levels since before the European Central Bank launched two massive liquidity injections to keep the euro zone's financial system from freezing up.
US Jobless Claims Fall To 357,000 - Lowest Level In 4 Years
Claims for jobless benefits fell to 357,000 last week, building up toward a solid March nonfarm payroll report that is scheduled to come out on Friday. Some economists though still fear that the improvement in the U.S. economy seen so far this year could be just another false start.
China’s Premier: Bank Monopoly Must Be Broken
China’s Premier Wen Jiabao called the country’s state-owned banks a “monopoly” that has to be broken to allow freer flow of capital to loan-hungry smaller businesses, as the world’s second largest economy appears to have skidded to its slowest growth in three years.
Spain Borrowing Costs Surge On Budget, Debt Fears
Spain's borrowing costs jumped Wednesday and demand for its debt tumbled at the country's first debt sale since the government unveiled its latest austerity budget last week, which apparently failed to convince investors that Madrid can be counted on to service its debt.
US Unemployment Rate Likely To Hold At 8.3% In March
U.S. employers probably hired more than 200,000 workers for the fourth straight month in March, economists said in anticipation of a report this week, pointing to another strong performance in the labor market.
Spain’s Unemployment Hits Record In March, Adds To Deficit Woes
Unemployment in Spain, where more than half of young people are out of work, rose for the eight straight month in March to a fresh record high, adding to the risk of an economic contraction as the government struggles to cope with its ballooning public debt.
Royal Bank Of Canada Snaps Up Rest Of RBC Dexia For $1.1 Billion
Royal Bank of Canada (TSE:RY), the country's largest bank, said Tuesday it will acquire the 50 percent of RBC Dexia Investor Services Ltd. it does not already own from its joint-venture partner Banque Internationale à Luxembourg S.A. for C$1.1 billion ($1.1 billion) in cash.
PepsiCo Inc. Betting On Emerging Markets For Continued Growth
PepsiCo Inc. (NYSE:PEP), the world's second-largest food and beverage company, claimed the No.784 spot on the IBTimes 1000 list by expanding aggressively in emerging markets and catering to consumers' demand for healthier food and beverages.
IPO Heats Up For US Venture Capital, M&A Slows
The public markets showed a strong appetite for U.S. venture capital companies in the first quarter, while the pace of mergers and acquisitions activities slowed, according to Dow Jones VentureSource.
