The United States Monday lifted a 12-year-old export control ban on nine Indian space and defence-related companies, removing them from the so-called Entity List in a move expected to drive hi-tech trade and forge closer strategic ties with India. The companies removed from the export control list for sensitive items – mandatingput export-licence requirements on [...]
Posts Tagged ‘lifts’
US lifts 12-year export controls on Indian space, defence cos.
January 25th, 2011 |
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Shares up on US production data, coal shortage lifts Straits Asia
January 4th, 2011 |
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Singapore shares rose 0.6% by the midday break on Tuesday, following the regional stock market trend as investors took heart from strong U.S. manufacturing data reported overnight.
Indonesia-based coal miner Straits Asia Resources (STRL.SI) was amongst the outperformers, as concerns that a shortage of coal due to heavy flooding in Australia could lift prices and benefit miners outside of Australia, traders said.
Croatia lifts visas for Albanians
December 31st, 2010 |
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The Croatian government has decided to abolish visas for the citizens of Albania as of next year, ATA news agency reported.
As of January 1, 2011, the citizens of Albania will no longer require visas when crossing Croatian borders or staying in the country up to 90 days.
Genting Singapore raised to Buy by Daiwa, lifts target
November 12th, 2010 |
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Daiwa upgrades Genting Singapore (G13.SG) to Buy from Outperform, lifts target price to $2.93 from $2.06 based on 18x EV/EBITDA vs 15x previously. Says improved operating environment due to duopolistic Singapore gaming market structure, plus lower tax rate, will continue to support company’s operations. Expects softer 3Q10 results vs 2Q10, tips 11% sequential improvement in 4Q10 EBITDA on year-end seasonal effect. Shares last down 5.7% at $2.15.
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Cosco raised to Buy by Citi, lifts target to $2.30
September 22nd, 2010 |
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Citigroup upgrades Cosco (F83.SG) to Buy from Sell, lifts target price to $2.30 from $1.40 after increasing FY11-12 earnings estimates by 23%-26%, says Dow Jones.
Citi notes outlook for shipbuilding industry has improved significantly after period of large losses: “Our EPS forecasts are above consensus numbers as we believe Cosco is one of few yards that can deliver strong year-on-year growth even in an industry downturn.”
Research house says consensus view underestimates Cosco’s ability to deliver on margins: “A key development the Street has likely overlooked is the strong progress made through simple fabrication to complex integration work for both rigs and FPSO (floating, production, storage, offloading) vessels. Cosco has also penetrated into windmill vessels, tapping into growing global demand for alternative energy.”
Shares +5.2% at $1.82.
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Noble upgraded to Neutral by CIMB, lifts target
September 21st, 2010 |
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CIMB upgrades Noble Group (N21.SG) to Neutral from Underperform, lifts target price to $1.62 from $1.27 after increasing FY11-12 EPS estimates by 15%-17% to account for earnings contributions from Sempra Energy Solutions, which company is buying for US$582 million ($776 million) (including debt).
CIMB says price tag attractive, Sempra Energy’s net margins of 5.0% higher than Noble’s. Notes, investment also provides 14.5% earnings yield vs Noble’s long-term borrowing cost of 6.625%.
Research house says funding not an issue given Noble’s recent bond sales, cash from sale of its Middlemount coal mine in Australia. Shares +6.1% at $1.90.
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Euro rescue lifts global markets
May 11th, 2010 |
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Record one-day gains on stock markets rippled outwards from Brussels even as far as Wall Street after the EU agreed its emergency package to stabilize the euro. The bold rescue plan – the biggest since G20 leaders threw money at the global economy in the wake of the Leman brothers collapse – triggered a major rally as confidence returned.
Venture Corp raised to ‘buy’ by Kim Eng, lifts target
April 30th, 2010 |
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Kim Eng Securities upgrades Venture Corp. (V03.SG) to “buy” from “hold”, raising target price to $11.30 from $8.83, based on 17x P/E vs 12.5x previously, according to Dow Jones.
Keppel raised to ‘underperform’ by Daiwa, lifts target
April 20th, 2010 |
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Daiwa has upgraded Keppel Corp. (BN4.SG) to “underperform” from “sell” to align with view for Sembcorp Marine (S51.SG), which maintained at “underperform” with $3.40 target, according to Dow Jones.
Singapore lifts ban on notes for DBS, Maybank, RBS: Update
February 11th, 2010 |
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Bloomberg says the Monetary Authority of Singapore has lifted a ban on the sale of structured notes for DBS Bank and the Singapore branches of Malayan Banking Bhd. and the Royal Bank of Scotland Group Plc effective tomorrow.
The three lenders put in place measures to strengthen their internal processes and procedures for offering financial advisory services across all investment products, according to a statement from the central bank today.
MAS lifts ban on sale of structured notes for DBS, Maybank, RBS
February 11th, 2010 |
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Bloomberg says the Monetary Authority of Singapore will lift the ban on the sale of structured notes for DBS Bank, and the Singapore branches of Malayan Banking Bhd. and Royal Bank of Scotland NV from February 12, according to a statement from the regulator today.
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Biosensors gains after Nomura lifts share est on sales outlook
February 1st, 2010 |
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Biosensors International Group rose after Nomura Holdings Inc. raised its share-price forecast by 12% to $1.23, saying the sales outlook for the company’s drug-coated stents used to treat blocked arteries is strong.
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EU lifts visa restrictions for Serbia
November 30th, 2009 |
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The European Union (EU) has abolished visas for the citizens of Serbia traveling to the Schengen Area countries. The decision was made today in Brussels by the EU Council of Ministers for Interior and Justice, and it will come into effect on December 19.
Cricket: Dilshan century lifts Sri Lanka in India Test
November 18th, 2009 |
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Tillakaratne Dilshan smashed his fifth century of the year as Sri Lanka made a spirited reply in the first Test against India on Tuesday. Dilshan hit 112, his 10th Test hundred, as Sri Lanka cruised to 275-3 by stumps on the second day in reply to India’s first innings total of 426. The
US shuttle Discovery lifts off on the way to space station
August 29th, 2009 |
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The space shuttle Discovery blasted off from the Kennedy Space Center late on Friday on a mission to the International Space Station. Discovery roared into the dark night-time Florida sky at 11:59 pm Friday (0359 GMT Saturday), as scheduled, and reached orbit just a few minutes later.
China lifts blockade on plague-hit town
August 9th, 2009 |
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China has ended a quarantine blockade around a remote northwestern town hit by pneumonic plague, Xinhua news agency reported late on Saturday. The outbreak of the highly infectious disease killed three villagers around Ziketan Town in Qinghai province, Xinhua reported. But with no new
SAP Lifts Sales Outlook After Announcing Quarterly Results
July 29th, 2009 |
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SAP raised the outlook for its 2009 operating margin on solid second-quarter results, giving Europe’s battered technology sector a glimmer of hope. SAP’s CEO said the worst of the economic crisis is behind the company now.
–
FRANKFURT, July 29 (Reuters) – Germany’s SAP raised the outlook for its 2009 operating margin on solid
second-quarter results, giving Europe’s battered technology
sector a glimmer of hope.
quot;I believe the worst is behind us quot;, SAP Chief Executive Leo
Apotheker told German broadcaster…
SAP Lifts Sales Outlook After Announcing Quarterly Results
July 29th, 2009 |
No Comments
SAP raises the outlook for its 2009 operating margin on solid second-quarter results, giving Europe’s battered technology sector a glimmer of hope. SAP CEO Leo Apotheker says the worst of the economic crisis is behind the enterprise applications maker now.
– FRANKFURT, July 29 (Reuters) Germany’s SAP raised the outlook for its 2009 operating margin on solid
second-quarter results, giving Europe’s battered technology
sector a glimmer of hope.
quot;I believe the worst is behind us quot;, SAP Chief Executive Leo
Apotheker told German broadcaster N-T…
ATandT Lifts 4chan Block, Denies Censorship
July 27th, 2009 |
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AT T says it has lifted a block it put on part of the notorious 4chan.org bulletin board. AT T says the block was a security move in response to a denial-of-service attack against one of its customers, but the incident has touched a nerve among those concerned about net neutrality and censorship.
– AT amp;T blocked portions of the 4chan.org bulletin board July 25 and 26 in
response to denial-of-service attacks against an AT amp;T customer,
touching off a debate on censorship and network neutrality.
In response to criticism, AT amp;T stressed that it moved against 4chan.org
because of the…