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Nikkei hits fresh 5 1/2-yr high, exporters up on weak yen, upbeat U.S. data
* Nikkei hits highest since Dec 2007 * Exporters lead gains * Report of Japan-India resuming talks on nuclear co-operation pact buoys By Ayai Tomisawa TOKYO, May 20 (Reuters) – The Nikkei share average surged to a fresh 5-1/2 year … Continue reading
Aruba Networks sees weak fourth quarter as Cisco competition intensifies
(Reuters) – Network equipment maker Aruba Networks Inc forecast fourth-quarter results well below Wall Street expectations hurt by rising competition from Cisco Systems Inc , sending its shares down…
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Tagged Aruba, Cisco, competition, fourth, intensifies, Networks, quarter, sees, weak
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Questcor profit misses estimates on weak Acthar sales
(Reuters) – Questcor Pharmaceuticals Inc’s first-quarter profit lagged analysts’ expectations as sales of its Acthar drug fell due to Medicaid reimbursement changes but the company said sales have bounced back in the current quarter.
The studies behind austerity are weak. The study behind ‘uncertainty’ is worse.
You’ve heard about all the problems with Reinhart and Rogoff. But how about the problems with Baker, Bloom and Davis? On Sunday, Bill McNabb, Chairman and CEO of Vanguard, published an op-ed in the Wall Street Journal arguing that “since … Continue reading
Nuance forecasts weak profit on higher costs, lower margins
(Reuters) – Nuance Communications Inc , whose software powers the Siri voice recognition feature in Apple Inc’s iPhone, forecast a much weaker-than-expected third-quarter profit, hurt partly by costs…
UPDATE 2-AB InBev cuts Brazil outlook after weak start to year
* Shares down 3 pct, among weakest of European blue chips (Adds financial director, analyst comments, shares)
Weak German and China PMI knock euro, Bunds gain
LONDON (Reuters) – The euro fell and German bonds rose on Tuesday after data revealed a slowdown in business activity in Germany and China in April, heightening concerns over the global growth outlook.
GLOBAL MARKETS-Asia shares, commodities rattled by weak China PMI
* Stocks, other risk assets lose ground after HSBC China PMI
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Tagged china, Commodities, global, MARKETSAsia, rattled, shares, weak
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Analysis: Years of weak growth sow doubt in economic rescue plans
WASHINGTON (Reuters) – More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited.
GLOBAL MARKETS-Asian shares fall on weak US sales; await China data
* MSCI Asia ex-Japan down 0.2 pct, Nikkei opens down 1 pct