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Company Earnings
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News
| Wall St Week Ahead: The market is oversold, but major signs say "sell" |
 NEW YORK (Reuters) - Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions. With the corporate earnings season drawing to an end and recent U.S. economic data raising doubts about the pace of growth, the S&P 500, which is down 7.3 percent so far in May, could decline further next week as concerns about the financial health of Europe persist. ...
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| Vale confident will win Brazil double tax case-CEO |
 RIO DE JANEIRO (Reuters) - Brazilian iron ore miner Vale is confident it will win a dispute over taxes the government claims the company owes on earnings abroad, CEO Murilo Ferreira said on Friday. The government has ordered Vale to pay 30.5 billion reais ($15.19 billion) in tax on profits from its foreign subsidiaries. The company said it already paid the taxes to foreign governments and that Brazil's claim is a form of illegal double taxation. Vale, along with other companies and industry associations, is disputing the back taxes in Brazil's highest court. ...
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| Kenya's 2012 tourism earnings to dip on euro crisis, attacks |
 NAIROBI (Reuters) - Kenya's white sandy beaches look set to have fewer visitor footprints meandering over them this year. While this may be good news for Europeans seeking escape from economic storms at home, it is bad news for Suresh Sofat's tour firm and other Kenyans hoping to cash in on hard currency earnings - especially after 2011 was year of plenty for them. Sofat, 73, who runs Somak Travel, a 44-year old family business, now sees a difficult time ahead after the euro crisis and deadly attacks blamed on al Qaeda-linked militia have seen travel bookings fall sharply. ...
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| Bristol Airport under pressure to refinance debt |
LONDON (Reuters) - The owners of Bristol Airport may have to stump up some cash to help with the refinancing of 515 million pounds ($814 million) of debt which falls due next year, banking sources said on Friday. The western England airport, owned 50 percent by Macquarie's European Infrastructure Fund 1 and 49 percent by the Ontario Teachers Pension Plan (OTPP), with Sydney Airport holding the remaining 1 percent, has started talks with lenders but the level of debt relative to earnings makes it too risky for banks to agree a straightforward loan extension or refinancing, the sources said. ...
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| Bristol Airport under pressure to refinance debt |
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LONDON (Reuters) - The owners of Bristol Airport may have to stump up some cash to help with the refinancing of 515 million pounds ($814 million) of debt which falls due next year, banking sources said on Friday. The western England airport, owned 50 percent by Macquarie's European Infrastructure Fund 1 and 49 percent by the Ontario Teachers Pension Plan (OTPP), with Sydney Airport holding the remaining 1 percent, has started talks with lenders but the level of debt relative to earnings makes it too risky for banks to agree a straightforward loan extension or refinancing, the sources said. ...
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Created: 05/19/2012
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Tags:  Bristol Airport under pressure refinance debt |
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| Kenya's 2012 tourism earnings to dip on euro crisis, attacks |
NAIROBI (Reuters) - Kenya's white sandy beaches look set to have fewer visitor footprints meandering over them this year. While this may be good news for Europeans seeking escape from economic storms at home, it is bad news for Suresh Sofat's tour firm and other Kenyans hoping to cash in on hard currency earnings - especially after 2011 was year of plenty for them. Sofat, 73, who runs Somak Travel, a 44-year old family business, now sees a difficult time ahead after the euro crisis and deadly attacks blamed on al Qaeda-linked militia have seen travel bookings fall sharply. ...
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