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Shanghai Tower Co-opts with Eslite to Build New Urban Cultural Landmark

TAIPEI, June 18, 2013 /PRNewswire/ — Shanghai Tower and the Eslite Spectrum in Taiwan signed a letter of intent for leasing agreement today, which marks the Eslite Life will be officially launched in Lujiazui in the Pudong New Area of Shanghai. The duo will collaborate to establish a new cultural landmark which combines the quintessence from both sides of the Taiwan Strait. This cooperation embodies Shanghai Tower’s core value of focusing on the needs of users and it will also provide an excellent opportunity for the Eslite Spectrum to tap into the Chinese mainland market. Shanghai Tower Construction and Development Co. Ltd. chairman Kong Qingwei, general manager Gu Jianping and deputy general manager Chen Chao, and Eslite Spectrum chairman Wu Ching-Yu and president Mercy Wu attended the signing ceremony which was held at Eslite Spectrum flagship store in Taipei’s Xinyi District. Read More

U.S. Census Bureau Daily Feature for May 17

WASHINGTON, May 17, 2013 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau: Read More

Pakistan election bolsters bull market case for Mobius, Goldman

By Nishant Kumar

HONG KONG (Reuters) – After 18 years as a banker at firms such as Citigroup and Nomura, Shaheryar Chishty took a different direction in late 2011, starting an investment firm that, among other things, helped guide Chinese and South Korean money into Pakistan.

While Pakistan is probably not the first place the average investor would choose to park cash, Chishty’s timing was spot on. The country’s stock market surged 49 percent last year to become one of the five best performing markets in the world. Read More

Germany ekes out growth, France slides into recession

By Sarah Marsh and Ingrid Melander

BERLIN/PARIS (Reuters) – Germany‘s economy crept back into growth in the first quarter of the year after a sharp contraction at the end of 2012, while France slipped into recession, data showed on Wednesday. Read More

World stocks pummelled, dollar slumps as rout gathers pace

By Marc Jones

LONDON (Reuters) – World stocks were pummelled and the dollar slumped on Thursday as a sell-off on global financial markets in thrall to central bank stimulus accelerated.

European shares fell sharply in morning trading, dropping 1.3 percent after the second biggest fall in Japan‘s Nikkei in over two years left Asian shares at their lowest level of the year. Read More

BoE’s King set to offer some good news in his final forecast

By David Milliken

LONDON (Reuters) – Bank of England chief Mervyn King should be the bearer of some good news on Wednesday in his final forecasts before handing the reins to Mark Carney, even if the British economy remains far from healthy.

After repeatedly having to cut its growth outlook and lift its inflation forecasts since the financial crisis, the central bank looks set to do the opposite in its latest Quarterly Inflation Report. Read More

Provident Funding Associates, L.P. and PFG Finance Corp. Announce Early Results of Their Tender Offer and Related Consent Solicitation

SAN BRUNO, Calif., June 4, 2013 /PRNewswire/ — Provident Funding Associates, L.P. (the “Company”) and PFG Finance Corp. (the “Co-Issuer” and, together with the Company, the “Issuers”) announced today the early settlement of their tender offer to purchase for cash (the “Tender Offer”) any and all of the $400 million aggregate principal amount outstanding of their 10.25% Senior Secured Notes due 2017 (the “Notes”) and solicitation of consents (the “Consent Solicitation”) for proposed amendments to the related indenture. The Tender Offer and the Consent Solicitation are being made pursuant to an Offer to Purchase and Consent Solicitation Statement dated as of May 20, 2013 (the “Offer to Purchase and Consent Solicitation Statement”), and related consent and letter of transmittal. The Tender Offer will expire at 12:00 midnight, New York City time, on June 17, 2013. Read More

CA-BUSINESS Summary

Nikkei soars after solid U.S. jobs, Asia shares steady

TOKYO (Reuters) – Japanese shares rebounded strongly on Monday, tracking a rally in global equities, as U.S. jobs data was solid but not strong enough to spawn new worry about near-term tapering of the Federal Reserve‘s stimulus, while weak China data hit copper. Markets regained some stability after high volatility the past two weeks. They had been hit by concerns the Fed will weaken a stimulus commitment that’s boosted risk appetites, and then by speculation Friday’s jobs data would disappoint and cause worries about the U.S. economy. Read More

MPs to launch inquiry into central bank watchdog’s independence

LONDON (Reuters) – British MPs said they would conduct an inquiry into the independence of the Bank of England‘s new financial risk watchdog, following questions over its relationship with government and its appointment process.

Doubts had been raised over the independence of the Financial Policy Committee, set up following the financial crisis in 2011 to pinpoint economic risks, parliament’s Treasury Committee said in a statement on Monday. Read More

Global markets volatile ahead of US jobs report