Time for investors to return to Japan?
LONDON, June 10 — Three months after the triple whammy of an earthquake, tsunami and nuclear disaster rocked Japan’s economy, some investors and analysts are beginning to sense it may be time to return. They are encouraged by low valuations, a reconstruction bill of more than US$300 billion (RM900 billion), positive talk from the Bank of Japan, …
Enerflex Provides Operational Update and Reports First Quarter 2011 Financial Results
CALGARY, ALBERTA–(Marketwire – June 8, 2011) – Enerflex Ltd. (TSX:EFX) (“Enerflex” or the “Company”), a leading supplier of products and services to the global energy industry, is pleased to provide an operational update and to report its unaudited financial and operating results for the three months ended March 31, 2011, which have been prepared using International Financial Reporting …
Barclays Sleepless in Sydney as India Companies Seek Coal Deals
Surging Indian demand for Australian assets such as coal mines will help drive an increase in takeovers in the South Pacific nation, according to Barclays Plc, Australia’s top-ranked merger adviser.
FBM KLCI to remain resilient
Blue chips on Bursa Malaysia climbed last week, shoring up the FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) to re-test its April peak, as Tenaga Nasional Bhd (TNB) rallied on approval of a long-delayed electricity tariff increase and the government’s blessing for further consolidation in the local banking industry.
Democrats: Hoosiers will pay for GOP’s Medicare plan
Southern Indiana citizens will pay dearly for cuts in Medicare proposed by House Republicans and supported by Reps. Todd Young, R-9th, and Larry Buschon, R-8th, according to House Democrats.
The Guru’s Corner: How to play oil volatility now
If there were any lingering doubts that volatility is the new watchword in the oil sector, or that volatility moves in both directions, the most recent cycle has put it to rest.
Exclusive: Arcadia may have rigged Yemen exports: cable
ATLANTA/NEW YORK (Reuters) – Oil trading firm Arcadia Petroleum, sued by regulators last week for allegedly manipulating U.S. oil prices, used hardball tactics in Yemen to buy the country’s oil exports at below market prices, until authorities revamped their sales process to break the trading house’s “long-standing monopoly”, according to a confidential State Department cable.
Voros: Improving foreclosures picture clear as mud pie
If you took foreclosure statistics at face value, you would report that the No. 1 problem for the American economy is improving.The most recent figures released in May from RealtyTrac, an online marketer of foreclosed properties, showed that nationally, the number of homes in some stage of