Capital Investment News
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UGL Ltd., the Australian infrastructure and engineering contractor, tumbled the most in five years after it downgraded its profit forecast as customers cut spending and halt major projects.
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Japan’s Topix Index retreated from a 4 1/2-year high as technical indicators signaled shares may have risen too far, too fast. Losses were limited as Tokyo Electric Power Co. led utilities higher.
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Barrick Gold Corp., the world’s biggest producer by sales, agreed in principle with the Dominican Republic on changes to the lease for its Pueblo Viejo mine that would give more revenue to the government.
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Brandon Freiman was sizing up water investments for KKR & Co.’s $4.6 billion infrastructure fund in 2011 when he came across a debt-burdened New Jersey city that Tony Soprano skirts by to open the Time Warner Inc. HBO series.
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Airlines will benefit from lower insurance costs after claims declined for a third year running as reduced accident rates and increased competition among insurers keep premiums down.
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Following is the text of a lecture Bank of Canada Governor Mark Carney is delivering today in Edmonton. Footnotes and charts have been removed.
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Bonds of Caesars Entertainment Corp. rose after the largest owner of U.S. casinos announced a new venture to help finance growth, including a $500 million investment from Apollo Global Management Holdings LLC and TPG Capital LP.
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Piraeus Bank SA rose as much as 17 percent after agreeing to buy Banco Comercial Portugues SA’s Greek unit in a deal that will see the Portuguese lender participate in Piraeus’s share sale.
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The yen’s weakening toward 100 per dollar has forced investors to redo their math on Japan’s corporate earnings, prompting them to recommend buying shares that are the priciest relative to bonds in two years.
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Bloomberg BNA -- The University of Notre Dame is taking the reins of an index designed to help investors decide which countries are ideal for climate adaptation projects, the university said.
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