Top Economic & Other News
Disney net profit climbs 14%. Disney's (DIS) FQ4 net profit rose 14% to $1.24B as EPS of $0.68 met expectations, but while revenue increased 4% to $10.8B, the figure missed forecasts. Earnings were boosted by growth at Disney's media networks, with ESPN enjoying record annual profit and sales. CEO Bob Iger expects Disney to be able to initiate projects that will add revenue from Lucasfilm as soon as the deal to buy the company closes. Shares fell 2.6% in A-H trading.
Today's Markets:
In Asia, Japan -0.9% to 8757.6. Hong Kong -0.8% to 21384. China -0.1% to 2069. India -0.9% to 18684.
In Europe, at midday, London -0.5%. Paris -0.3%. Frankfurt -0.9%.
Futures at 7:00: Dow -0.3%. S&P -0.3%. Nasdaq -0.1%. Crude -0.3% to $84.80. Gold +0.3% to $1730.90.
HSBC target of yet another probe over client accounts. The U.K.'s HM Revenue & Customs is investigating HSBC's (HBC) offshore accounts in the English Channel island of Jersey held by thousands of British and other citizens. These include a drug dealer, a gun runner, three bankers facing fraud allegations, and suspected tax evaders. The probe adds to stinging U.S. criticism of HSBC for breaking American money-laundering rules.
Chinese economy enjoys October cheer. A number of economic reports out of China today showed further signs that the country's economy is recovering. Inflation rose a less-than-expected 1.9%, while industrial production increased 9.2% on year vs 9.2% in September. Nomura economist Zhang Zhiwei says the latest output data indicates that GDP growth could top 8% in Q4 vs 7.4% in Q3.
Disney net profit climbs 14%. Disney's (DIS) FQ4 net profit rose 14% to $1.24B as EPS of $0.68 met expectations, but while revenue increased 4% to $10.8B, the figure missed forecasts. Earnings were boosted by growth at Disney's media networks, with ESPN enjoying record annual profit and sales. CEO Bob Iger expects Disney to be able to initiate projects that will add revenue from Lucasfilm as soon as the deal to buy the company closes. Shares fell 2.6% in A-H trading.
Today's Markets:
In Asia, Japan -0.9% to 8757.6. Hong Kong -0.8% to 21384. China -0.1% to 2069. India -0.9% to 18684.
In Europe, at midday, London -0.5%. Paris -0.3%. Frankfurt -0.9%.
Futures at 7:00: Dow -0.3%. S&P -0.3%. Nasdaq -0.1%. Crude -0.3% to $84.80. Gold +0.3% to $1730.90.
HSBC target of yet another probe over client accounts. The U.K.'s HM Revenue & Customs is investigating HSBC's (HBC) offshore accounts in the English Channel island of Jersey held by thousands of British and other citizens. These include a drug dealer, a gun runner, three bankers facing fraud allegations, and suspected tax evaders. The probe adds to stinging U.S. criticism of HSBC for breaking American money-laundering rules.
Chinese economy enjoys October cheer. A number of economic reports out of China today showed further signs that the country's economy is recovering. Inflation rose a less-than-expected 1.9%, while industrial production increased 9.2% on year vs 9.2% in September. Nomura economist Zhang Zhiwei says the latest output data indicates that GDP growth could top 8% in Q4 vs 7.4% in Q3.
This is a Political Arvind with his true colors in public. He will not talk about Narayan Muthy of Infosys or Ford Foundations who committed to donate 25 Lakhs per year for five years. He will name only those who did not donate to his NGOs in past so many years. This is a gimmick and a trick to extract donation from the potential corporate "a price tag for silence". Pay up or else IAC will give call to Gherao offices or residences. He need lot of money to fight an election, will use every trick up his sleeve to extort and mislead common man on each so called exposure.
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