PPM Blog
Asia Stocks to Watch: Shanghai denies easing housing curbs
Shanghai officials deny reports that the city is easing restrictions on home purchases, though a fresh report surfaces about loosening housing rules elsewhere in China. Read More
Telstra lodges undertaking with ACCC for NBN deal
MELBOURNE -(MarketWatch)- Australian telecommunications giant Telstra Corp. TLS.AU said Thursday it has lodged a revised Structural Separation Undertaking with the competition regulator. The undertaking is a key part of an 11 billion Australian dollar (US$11.7 billion) agreement between Telstra and [...]
Deutsche Telekom sees profit down further in 2012
BONN, Germany (MarketWatch) — Deutsche Telekom AG (DTE.XE) said Thursday it expects operating profit to drop further this year after reporting more customer losses in the U.S. and as the tough economy in many parts of Europe continues to hurt [...]
RBS loss widens; investment bank profit down
LONDON (MarketWatch) — Royal Bank of Scotland Group PLC (RBS) said Thursday that it slumped to a 2011 full-year net loss of nearly GBP2 billion as the euro-zone crisis continued to weigh on its investment banking division and Greek debt [...]
Argentina import crackdown targets services
BUENOS AIRES (MarketWatch) — Argentina will require residents to get government approval before offering or paying for offshore services that cost $100,000 or more, according to a resolution published Wednesday in the Official Bulletin. Read More
Australian mortgage standards remain high: RBA
SYDNEY (MarketWatch) — Mortgage lending standards in Australia are currently high, but vigilance must be maintained at all times, Luci Ellis, head of financial stability at the Reserve Bank of Australia said Thursday. Read More
France Telecom sees tough ’12, OKs midterm targets
– Says future dividend payout will be aligned with operating cash flow generation — Targets EUR8 billion operational cash flow in 2012 — Confirms medium-term targets (Updates with detail, background, comment, new share price.) France Telecom FTE.FR Wednesday posted a [...]
Partner Communications net off; may book charge
Partner Communications Co. PTNR warned it may take a fourth-quarter impairment charge on its fixed-line assets as it reviews current Internet-service-provider market conditions. The Israeli mobile-communications operator had said in November it was preparing for the changes in the telecommunication [...]
T-Mobile asks FCC to block Verizon deal
BOSTON (MarketWatch) — Deutsche Telekom AG’s T-Mobile USA unit has asked the Federal Communications Commission to block Verizon’s plan to buy certain wireless-spectrum assets from Comcast Corp. , Time Warner Cable Inc. , Bright House Networks, and Cox Communications, the [...]
Fitch lowers Wynn outlook to stable
Fitch Ratings lowered its outlook on Wynn Resorts Ltd. WYNN to stable from positive, the second ratings firm this week to revise its stance on the casino giant. Like fellow credit rater Standard & Poor’s Ratings Services, Fitch pointed to [...]