Tuesday, December 10, 2013
Bankers in Australia have much to cheer this Christmas as fees from underwriting IPOs surge 10-fold this year, and many are now betting on an equally active year in 2014 as a slew of private equity exits keep the market busy.
Wages in Britain grew at their fastest rate in six years during November, a labor market survey indicated on Monday, providing a rare signal that a long-term decline in real incomes is being checked by a return to economic growth.
Most of Europe's big banks shed risky assets in the quarter to September, but they have yet to take extra provisions against doubtful loans to show they have put the financial crisis behind them in time for a critical review by regulators.
Germany's trade surplus contracted in October as imports grew faster than exports, falling to 16.8 billion euros in October from 18.7 billion euros in September, official data showed on Monday.
France should post economic growth of 0.5 percent in the last quarter of this year, the central bank said Monday, citing a “clear” rise in manufacturing and deliveries in most sectors.
European aerospace company EADS (EAD.PA) plans to cut between 5,000 and 6,000 jobs and sell its Parisian headquarters as part of a restructuring program it will detail later on Monday, Le Figaro newspaper reported.
New Zealand's dominant telecommunications company Telecom Corp. announced a deal on Monday to sell its Australian arm AAPT to Sydney-based TPG Telecom for AU$450 million (US$411 million).
Software company Anite Plc. reported a 64 percent drop in first-half profit, hurt by contract delays in its core handset-testing business.
Global stock markets were mostly higher Monday as signs of U.S. economic recovery offset concerns that the Federal Reserve may reduce its monetary stimulus this month.
The dollar was steady in Asia Monday after a solid U.S. jobs report for November boosted the chances of an early pullback on the Federal Reserve's stimulus program.