Archive May 2015

WPP may face more shareholder ire over CEO Sorrell’s pay: FT

WPP may face more shareholder ire over CEO Sorrell’s pay: FT

Published 31/05/2015

British-based advertising company WPP Plc may face opposition from its shareholders at its annual meeting on June 9 over Chief Executive Martin Sorrell's 43 million [more…]

Disney shares may rise 50 percent in three years: Barron’s

Disney shares may rise 50 percent in three years: Barron’s

Published 31/05/2015

NEW YORK Walt Disney Co could climb 50 percent over the next three years on its uncanny ability to generate profits from its businesses including [more…]

Turkish mural helps keep park protest spirit alive

Turkish mural helps keep park protest spirit alive

Published 31/05/2015

ISTANBUL A Turkish artist on Saturday unveiled a two-story-high mural featuring those killed in protests two years ago over an Istanbul park that spiraled into [more…]

Crunch time for Greece- U.S. and Chinese data in focus

Crunch time for Greece- U.S. and Chinese data in focus

Published 31/05/2015

LONDON Years of uncertainty and economic pain spent keeping Greece in the euro zone boils down in June to a handful of make-or-break debt repayments, [more…]

Policies working, ECB must persist with purchase programs: Constancio

Policies working, ECB must persist with purchase programs: Constancio

Published 30/05/2015

SITGES, Spain The European Central Bank's monetary policy, aimed at raising inflation in the euro zone area, is working according to plan, ECB vice president [more…]

German newspaper corrects IMF chief Lagarde’s Greece comments

German newspaper corrects IMF chief Lagarde’s Greece comments

Published 29/05/2015

WASHINGTON German newspaper Frankfurter Allgemeine Zeitung has corrected an interview with International Monetary Fund head Christine Lagarde in which she had been quoted as saying [more…]

Some blame EU Commission for Greek obstinacy in debt talks

Some blame EU Commission for Greek obstinacy in debt talks

Published 29/05/2015

BRUSSELS Damned if you do, damned if you don't. Some euro zone countries are accusing the European Commission of giving Greece false hope of new [more…]

U.S. funds raise equity allocation, cut euro zone assets: Reuters poll

U.S. funds raise equity allocation, cut euro zone assets: Reuters poll

Published 29/05/2015

U.S. fund managers recommended increasing equity exposure in a model portfolio in May, a Reuters poll showed, raising allocations in mainly North American and British [more…]

Croatia festival to stage Houellebecq play despite security concerns

Croatia festival to stage Houellebecq play despite security concerns

Published 29/05/2015

ZAGREB The Dubrovnik Summer Festival will go ahead and stage a play by French author Michel Houellebecq, reversing a decision to cancel it after police [more…]

Vivendi to book 4.2 billion euro pre-tax gain on GVT sale

Vivendi to book 4.2 billion euro pre-tax gain on GVT sale

Published 29/05/2015

PARIS French media group Vivendi said on Friday it would book a 4.2 billion euro ($4.6 billion) pre-tax gain from the sale of Brazilian telecommunications [more…]