Medtronic PLC (NYSE:MDT), the world's third-largest medical-device company, announced its financial results for the third quarter of fiscal 2015 yesterday, after acquiring Irish-based Covidien plc (NYSE:COV) in a $49.9 billion deal last month.
Maarten Spek submits: The upswing in resource prices continues. From a fundamental perspective this is no surprise. As the US, Japan, and Europe pursue an unremittingly loose monetary policy, credit supply to the “real” economy is more or less stagnant. Therefore a lot of capital is available for speculation. In addition, growth rates (and the anticipated returns) in the emerging economic nations outpace those in the West, whereas the former consume relatively high quantities of commodities.
By Thomas J. Feeney:We are now nearly two months into a remarkable period of time for global stock markets. The strongest of the developed country economies, Germany, has seen its DAX fall by more than 30% in recent weeks. China’s Shanghai Composite is down more than 15% from its 2011 high, and it is hard to understand why stocks in the emerging world’s leading country are still down almost 60% from their highs of four years ago.
For the period from April to June, the company said net income rose to 646.3bn yen (£3.34bn, $5,2bn) from 587.7bn yen a year earlier.
Toyota also raised its sales forecast slightly for the full fiscal year, according to The BBC.
Last week it emerged that Toyota was overtaken by VW as the world’s largest carmaker in the first half of the year.
Because of the going private transaction completed last November – a transaction led by the chief executive and backed by Apax Partners – and because it has outstanding issues of debt securities, Garda World Security Corp. is in an unusual position: it’s a reporting issuer. Over the last month, for example, it has filed an annual information form and announced preliminary results for the quarter ended April 30, 2013.
In the event of a Brexit, emerging markets are unlikely to see a major impact but nevertheless, returns from these markets in 2016 will not be significant as growth in many of these countries is slowing, said Nikhil Srinivasan, Group CIO, Generali. In an interview to Sanam Mirchandani, Milan-based Srinivasan, who manages assets worth 500 billion ($567 billion), said Generali may increase its equity exposure to India in the coming months as it is the most promising emerging market due to continued reform efforts by the government.
Michael Johnston submits:Global X, the New York-based ETF issuer behind popular products focusing on equities of commodity producers and sector-specific China ETFs, announced today the latest additions to its ETF lineup.