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IDS World Markets 14 April 2003


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............where I am. Hope your day is sunny, too! :D

 

Uncle Buck

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USA Stocks Open UP on Globex

Globex Flash Quotes Link

 

 

Asia-Pacific Markets Opening Higher

 

 

Top Business Stories From Bloomberg

 

World-

 

Industrial Production Likely Fell in March, Survey of Economists Finds

U.S. industrial production fell in March and lagging sales caused inventories to grow in February during the buildup to war in Iraq, economists said in advance of government reports this week.

 

 

Intel, Other U.S. Technology Shares to Show if Stock Gains Were Justified

Computer-related companies including Intel Corp. and EMC Corp. have led a rebound in U.S. stocks from five-year lows set last October. Investors such as Fifth Third Bancorp's Sunil Reddy are betting the companies will show this week that the advance was justified.

 

 

Cemex's First-Quarter Profit Declines on Weak U.S. Economy, Peso Currency

Cemex SA, the world's third-largest cement maker, said first-quarter profit plunged 71 percent from a year earlier on losses from equity derivatives and a declining peso, amid falling sales in a weak U.S. economy.

 

 

Asia-

 

Hynix Semiconductor Stock Starts Trading After Three Week Gap, Write-Down

Shares of Hynix Semiconductor Inc., the world's third-largest computer memory chipmaker, will resume trading in Korea after a three-week hiatus when creditors who provided three bailouts in two years wrote down its shares.

 

 

Telstra and PCCW to Buy Capacity From Reach to Help Reduce Unit's Debt

Reach Ltd., the Hong Kong- based undersea cable venture of Telstra Corp. and PCCW Ltd. that's been trying to renegotiate a $1.5 billion loan, agreed to repay $300 million under terms agreed with bankers.

 

 

China Aluminum's Profit Likely Fell 25 Percent as Imports Force Price Cuts

Aluminum Corp. of China, the world's third-largest producer of the metal, will probably say its 2002 profit fell by a quarter as cheaper imports forced company Chairman Guo Shengkun to cut prices. Bloomberg

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