Post Archive

Апрель 2016

Bradesco said to book $240 million loss for Sete Brasil Provision raises concern Itau, Banco do Brasil may be next Brazil’s worsening corporate credit crisis is forcing the nation’s biggest banks to book losses they had been able to avoid until now. Banco Bradesco SA, the country’s second-biggest bank by market value, set aside 836 million reais ($240 million) in the first quarter to cover bad loans tied to oil-rig venture Sete Brasil Participacoes SA, a person with direct knowledge of the matter said Thursday, asking not to be identified discussing non-public information. Earnings fell 3.7 percent. Itau Unibanco Holding

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Best week was 7-year run’s first, the worst year was last Consumer discretionary did six times better than energy The advance in U.S. stocks that began more than seven years ago is now the second-longest bull market on record. Here’s a look at the advance by the numbers, using the Standard & Poor’s 500 Index as a reference. 2,608 — The rally’s duration, in days. It surpasses the one that ended in 1956. 207 percent — The index’s return. Gains in the Obama bull market rank fifth in rallies dating back to 1929. The biggest happened during the Internet bubble

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It couldn’t be clearer that Chinese banks have a trove of bad loans on their books. The more pressing question: How long before it begins to wear down their healthy-looking capital bases? China’s largest banks this week reported another quarter of essentially flat profit growth a larger stock of fast-souring loans and most notably, a rapidly diminishing ratio of provisions to absorb potential losses on these loans. For now, the banks have found a precarious balance of provisioning just enough for bad loans in a way that keeps profit growth flat. The problem is nonperforming loans are rising fast, and

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Slow global growth, energy slump weigh on earnings of S&P 500 companies U.S. corporate profits, weighed down by the energy slump and slowing global growth, are set to decline for the third straight quarter in the longest slide in earnings since the financial crisis. Weakness was felt across the board, with executives from Apple Inc. to railroad Norfolk Southern Corp. and snack giant Mondelez International Inc. saying the current quarter remains tough. 3M Co. , which makes tapes, filters and insulation for consumer electronics, forecast continued weak demand for that industry. Procter & Gamble Co. reported sales declines in its

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The Bank of Japan wraps up its latest policy meeting later with some analysts calling it the most closely watched decision in recent history. More than half the economists Bloomberg surveyed predict more stimulus, but one indicator shows that the BOJ’s efforts have never been less effective. Bloomberg’s Haidi Lun reports on «First Up.» (Source: Bloomberg) Read More

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Consumer prices in Japan dropped more than expected, adding to evidence that the nation is struggling to break free of deflation as the central bank board meets to decide whether to expand monetary stimulus. QuickTake Abenomics Prices excluding fresh food slumped 0.3 percent in March from a year earlier, the most since April 2013, the statistics bureau announced. That compares with a forecast drop of 0.2 percent in a Bloomberg survey. Excluding food and energy costs, inflation was 0.7 percent. The inflation figures are some of the most important data for the Bank of Japan to gauge the impact of

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