August 2013

The Indian rupee today hit a record low of 61.92 against the US dollar against a previous all-time low of 61.80 despite measures from the central bank to prop up the currency. Even the  BSE Sensex snapped a four-day winning streak and has plunged over 400 points in mid-morning trade to trade below its crucial psychological support […]

New York: Foreign investors seem to be increasingly wary about investing in India as the Reserve Bank of India battles to stem the rupee’s plunge and stop capital outflows that are pushing India toward its biggest crisis in more than two decades. On Wednesday, RBI Governor Duvvuri Subbarao tightened rules on overseas investments to prop […]

©APMA PLANT’s assistant editor, Matt Powell, sat down with APMA president Steve Rodgers to discuss the Canadian auto parts business and what lies ahead. Describe the current state of affairs in auto parts manufacturing. Volumes are great, suppliers are running at or near capacity, and they’re going to have to expand. This is a good […]

A Bristol MP has called for the Treasury to keep its hands off the £520,000 estate bequeathed by a Bristol woman to the government of the day. The Conservatives and Liberal Democrats agreed to give up the donation from Joan Edwards who wanted it to go to the government of the day, following criticism that […]

Investors say a change of government in next month’s Australian election would revive business confidence, bolstering a stock market that is lagging U.S. equities by the most in 15 years. Victory by Tony Abbott’s Liberal-National coalition would boost earnings at utilities companies and construction firms that have suffered from uncertainty under the Labor party’s minority […]

Asbury Automotive Group, Inc. (ABG) JPMorgan Auto Conference Call August 14, 2013 9:05 AM ET Unidentified Analyst Yeah, we are going to get started with our next presentation from Asbury Automotive Group. We are happy to have here with us Scott Krenz, Asbury’s Senior Vice President and Chief Financial Officer as well as Ryan Marsh, […]

NagaCorp – The Action Is In This South-East Asia Casino NagaCorp Ltd. (NagaWorld, Naga) (NGCRF.PK) 3918:HK Note: NagaCorp’s primary ticker is 3918 on the Hong Kong Exchange, its principal trading venue, but Seeking Alpha does not permit linking to Hong Kong tickers. Note: Dollar amounts are in US$ unless mentioned otherwise. USD-HKD 7.75 Price of […]