Comcast's Profits Rise 32% on Continued Broadband Growth
Comcast Corp.'s (CMCSA, CMCSK) second-quarter net profit increased 32% as growth at its broadband, business services and advertising divisions helped support more modest revenue gains at the cable distributor's video subscription business.
Power Supply Resumes in Most Parts of India
Normal electricity supply has resumed in the northern, eastern and northeastern parts of India Wednesday, after grid failures left hundreds of millions without power for several hours in the previous two days and served as a grim reminder of the state of the country's tottering infrastructure.
European Stocks Mixed, Central Banks in Focus
Markets in Europe were mixed as traders digested a slew of global manufacturing data and awaited policy decisions from the Federal Reserve and European Central Bank.
Eurozone Manufacturing Slump Deepends, China Stalls
The manufacturing slump in the eurozone deepened last month, while China saw its factory expansion essentially stall out as the global economy faces increasingly strong headwinds.
BASE METALS: LME Metals Lower, Wallowing In Low Volumes
Base metals are lower on the London Metal Exchange Wednesday, and while investors are likely waiting on the sidelines for the Federal Reserve's policy decision later in the day, major market moves are thought to be unlikely in the near-term as the complex drifts in thin trade.
Repsol To Sell Ecuador Oil Affiliate to Sinopec
Spanish oil company Repsol SA (REP.MC) said Wednesday it would sell an affiliated oil company in Ecuador to Chinese state-owned oil giant China Petroleum & Chemical Corp. (0386.HK), better known as Sinopec.
Brazil Bank Itau Unibanco Raises a Total of $1.375 Billion From Bonds Issue
Brazil's second-largest bank by assets, Itau Unibanco Holding SA (ITUB), raised a total of $1.375 billion from an overseas bonds issue, $125 million more than previously announced as the bank exercised its option to sell an extra lot of bonds to Asian investors, the bank said late Tuesday in a
PTT Exploration & Production to Delist Cove After Its Takeover
Thailand's PTT Exploration and Production PCL (PTTEP.TH) is on track to complete its acquisition of Cove Energy PLC (COV.LN) after 91.4% of Cove's shareholders accepted the Thai company's cash offer, with a next step being a planned delisting from the London Stock Exchange's Alternative Investment
CNH Global 2nd Quarter Net Up 11% on Trading Conditions, Improved Revenue
CNH Global N.V.'s (CNH) second-quarter profit rose 11% as the farm and construction equipment maker saw favorable trading conditions in most regions and moderately higher revenue.