Investment Management
* San Miguel Rises to 7-Month High After $35 Bln Expansion Report * Shrs +2.9%, heading for highest close since June 26; vol. ~215% of 3-mo. daily average * Co. sets $35b medium-term investment plan, Philippine Daily Inquirer reported, citing President Ramon Ang * San Miguel Sets $35B Medium-Term Investment Plan, Inquirer Says * Some […]
* Coca-Cola, maker of the Minute Maid and Simply Orange brands, is using its balance sheet and distribution reach to methodically build a global juice machine. That includes the U.S., Coke’s largest market, accounting for one-third of its volume sold * PepsiCo, led by its Tropicana brand, commands a 40 percent volume share of the […]
* Barrick Gold Corp. is considering the sale of the company’s Barrick Energy unit as the world’s largest gold producer looks to offload underperforming assets * The company, based in Toronto, has started a sales process for the oil and gas unit, Andy Lloyd, a Barrick spokesman, said yesterday in an e-mail. * Chief Executive […]
* The following trade idea is only meant for investors who can afford short-term risk and volatility * As of 31 Jan, USD/INR has issued a bullish signal and is due for a upward correction * The short-term resistance level for USD/INR is at 55.61 * We recommend Selling USD/INR on rallies to profit from […]
* USDA: US corn stocks are at the lowest level since 1996. * At 602 million bushels, stocks are 8.3% lower than the average estimates of economists surveyed by Bloomberg * Russia: Grain exports may fall to 14.8 million tons this season; exportsin first 30 days of January were 403,000 tons, down 64% from Dec; […]
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