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  • ( ) Industrias Romi Net Income Increases 48% in 3Q07 and Reaches R$ 36.2 ...

    SANTA BARBARA D'OESTE, Brazil, Oct. 31 /PRNewswire-FirstCall/ -- Indutrias Romi S.A. (Bovespa: ROMI3), a domestic market leader in Machine Tools, Plastic Injection Molding Machines and Rough and Machined Cast Iron Parts, announces its 3Q07 earnings release and is pleased to invite you to join its conference call and webcast.

    Highlights - Solid evolution in EBITDA Margin, which reached 24.1% in 3Q07 against 23.1% in 3Q06 due to rigorous control over operating costs and expenses, dilution of fixed costs and the positive impact of imported items on the cost of goods sold. - Net Operating Revenue of Rough and Machined Cast Iron Parts reported significant growth of 22.6% in 3Q07 compared with the same period in 2006, the result of greater utilization of the plant's capacity - expanded in early 2006. More>>

  • ( ) US stocks rebound after mid-term elections

    US: US markets rebounded last week following the results of the mid-term elections. Stocks from the tech. hardware, automobiles and compo. and consumer services sectors gained most, while shares in the health care equipment and pharma. and bio. sectors declined on concern the Democrats will push for legislation to cut drug prices. Oil prices rebounded, sending Exxon Mobil to a new record. Technically we remain cautious, only further gains this week would reverse this cautious stance. - EUROPE: European markets rose in line with Wall Street. Stocks in the oil and gas, travel and leisure and utilities sectors gained most while, as in the US, stocks in the health care sector were under pressure. Watch CPI data in Germany and Italy this week. On the earnings front, there will be many French stocks reporting their 3Q results. More>>

  • ( ) Moody's upgrades gov't bond ratings of Cyprus, Malta

    NICOSIA, Jan. 7 (Xinhua) -- Moody's Investors Service has upgraded the foreign and domestic government bond ratings of Cyprus and Malta days after their entry into the euro zone, local media said Monday.

    The ratings of Cyprus have been raised from A1 to Aa3, the Financial Mirror newspaper said, adding the outlook for the ratings has also been changed from positive to stable.

    Cyprus adopted the euro on Jan. 1, 2008, together with Malta, another Mediterranean island state.

    Malta's ratings of foreign and domestic currency government bonds were upgraded from A2 to A1 by Moody's, a leading global credit-rating, research and risk analysis firm.

    According to Moody's, the adoption of the euro by Cyprus and Malta is a significant credit positive as it almost eliminates the risk of a currency crisis, thereby insulating their economies against external financial shocks. More>>

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