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Sony Corp. (6758), besieged by hackers since April, considered its PlayStation Network an unlikely target even after threats by the online collective Anonymous and three separate security incidents in 2008. The hacker group declared in April that it would wage a cyber war against Sony for trying to stop people from tinkering with the PlayStation [...]
Bond traders’ confidence is growing in Mexican central bank Governor Agustin Carstens’s ability to hold down inflation in Latin America’s second-biggest economy. The yield gap between government debt tied to inflation and fixed-rate notes, a gauge of investor expectations for annual price increases over the next three and a half years, tumbled 116 basis points [...]
Blackstone Group LP (BX) agreed to buy Valad Property Group (VPG) in its second deal with a distressed Australian property company in less than two months. The world’s largest private-equity firm will pay A$1.80 a share, 56 percent more than Valad’s closing price on April 27, the Sydney-based company said in a statement. The purchase values [...]
European inflation accelerated to the fastest pace in two and a half years and confidence in the economic outlook declined as surging energy prices threatened to undermine growth. Inflation in the 17-nation euro region quickened to 2.8 percent in April from 2.7 percent, the European Union’s statistics office in Luxembourg said today in an initial [...]
Billionaire Li Ka-shing’s Hui Xian Real Estate Investment Trust, Hong Kong’s first stock sale denominated in yuan, fell on its debut after offering the lowest yield among property trusts in the city. Hui Xian declined as much as 11 percent and ended its first day 9.4 percent lower at 4.75 yuan. The trust raised 10.5 billion [...]
Warren Buffett has asked for tough questions at the annual meetings of his Berkshire Hathaway Inc. (BRK/A) He may get his wish after praising the outgoing executive who was later faulted by a board committee for misleading the company about stock trades. Buffett uses his meeting and annual Omaha, Nebraska, press conference to promote Berkshire’s growth, pitch [...]
This question leaps to the mind navigating the ruins of Japanese cities like Tagajo. Skylines now look as if Dali’s surrealist brush had a hand in rendering things so out of place. Escher’s mind seems at work, too. Interlocking shapes that shouldn’t exist in the three-dimensional world litter cityscapes that before March 11’s earthquake and [...]
As commodity prices continue to surge there’s a pressing yet unanswered question hanging in the air: When will this lead to an aggregate slowdown in companies’ operating margins or an ignition of inflation as retailers attempt to pass on costs to consumers? Today, Hennes & Mauritz released its first quarter earnings (ending February 28) which showed [...]
Stocks had a rough close Monday and, at least in the S&P E-mini, there was a key reversal. But for now, rotation continues into stocks from fixed income, as stocks are seen as a ‘tangible asset’ for many who continue to shun metals as an alternative in their portfolios. Monday’s price action in the S&P was indeed compromising for an [...]
In line with yesterday’s bullish call for sentiment USDCHF saw initial gains, supported by positive momentum. This upside stalled near .9300 and all initial gains were reversed into the close. These losses have been continued in Asia and although intraday signals are approaching oversold extremes we look for this decline to deepen. In view of [...]