Section: Independent Online (South Africa)
VTB set to quit LSE for China
Russia’s second-largest bank, VTB, might delist from the London Stock Exchange (LSE) in favour of Chinese bourses as sanctions imposed in the Ukraine crisis hit its ability to raise capital in Western markets, its chief executive said yesterday. ||| RUSSIA’S second-largest bank, VTB, might delist from the London Stock Exchange (LSE)...
Japanese stocks stand out
Japanese shares stood out against a lacklustre backdrop in Asia on Tuesday as oil prices continued to drop. ||| Tokyo – Japanese shares stood out against a lacklustre backdrop in Asia on Tuesday as oil prices continued to drop, while the dollar took a breather from its recent rally. MSCI’s broadest index of Asia-Pacific shares outside...
China, Japan leaders in ice-breaker talks
The leaders of China and Japan held an ice-breaking summit after two years of dangerous animosity. ||| Beijing – The leaders of China and Japan held an ice-breaking summit on Monday after two years of dangerous animosity, as world leaders including Barack Obama gathered for an Asia-Pacific meeting spotlighting intensifying big-power...
Russia’s VTB may move from London to China
VTB, Russia’s No.2 bank, may delist from the London Stock Exchange (LSE) in favour of Chinese bourses as sanctions imposed in the Ukraine crisis hit its ability to raise capital in Western markets, its chief executive said. ||| Beijing – VTB, Russia’s No.2 bank, may delist from the London Stock Exchange (LSE) in favour of...
East European weighs on Carlsberg’s profits
Danish brewer Carlsberg said its third quarter net profit dipped to 2.1 billion kroner (R3.9 billion), citing falling beer sales in Russia and Eastern Europe amid challenging market conditions. ||| Copenhagen – Danish brewer Carlsberg said Monday its third quarter net profit dipped to 2.1 billion kroner (R3.9 billion), citing falling beer...
China deal sends shares to 1-month high
A landmark deal to give global investors easier access to China’s $3.9 trillion (R44 trillion) stock market lifted world shares to their highest in over a month on Monday, as tensions in Libya and Ukraine pushed up oil prices. ||| London – A landmark deal to give global investors easier access to China’s $3.9 trillion (R44...
European shares inch up
European stocks inched higher, reversing some of the previous session’s losses, with Nutreco surging 14 percent as SHV sweetened its takeover bid for the Dutch animal feed and nutrition company. ||| Paris – European stocks inched higher early on Monday, reversing some of the previous session’s losses, with Nutreco surging 14...
MH17: Dutch victims remembered
Dutch Prime Minister Mark Rutte will speak at a memorial service in Amsterdam for the victims of Flight MH17. ||| Amsterdam – The Netherlands was on Monday to hold a national memorial ceremony for the 298 people who died when Malaysia Airlines Flight MH17 was downed over war-torn eastern Ukraine in July.Flags flew at half mast across the...
Balloons, music on Berlin Wall anniversary
Thousands of helium balloons traced the course of the Berlin Wall as Germany marked the 25th anniversary of the barrier’s fall. ||| Berlin – More than a million Germans and people from around the world on Sunday celebrated the 25th anniversary of the fall of the Berlin Wall, the event that more than any other marked the end of the...
Asian shares look firm
Asian shares gained on Monday after US jobs data pointed to solid economic growth. ||| Tokyo – Asian shares gained on Monday after US jobs data pointed to solid economic growth, with Hong Kong leading the gains after regulators set a date for long-awaited trading link the between the Hong Kong and Shanghai stock exchanges to open. US...
