Parmalat Q1 EBITDA misses expectations by wide margin on forex, costs – UPDATE – Forbes. MILAN (Thomson Financial) – Parmalat SpA said its first quarter EBITDA fell 15. The other costs include Venezuela financial transaction taxes, industrial costs around the world, certain labour costs, write-offs on receivables, and costs of selling a unit, they said. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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TORONTO, May 14 (Reuters) – The Canadian dollar fell against a stronger U. Much of the recent strength in the Canadian dollar has been attributed to higher oil prices, as Canada is a major exporter. The Canadian dollar was markedly higher against most other major currencies, however, as the market is taking the view that what is good for the United States is good for Canada, said Sutton. Canadian bond prices ended mixed as there was no key data to influence direction. read more

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Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. read more

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LONDON (Thomson Financial) – The pound has been hit hard, particularly against the dollar, this morning after another batch of disappointing UK economic data overnight ratcheted up the pressure on the Bank of England to cut interest rates again in June. While the Royal Institution of Chartered Surveyors said a record number of its members reported house price falls in the three months to April, the British Retail Consortium revealed that retail sales fell in April, the first time since 2005 that sales have declined for two straight months. Gavin Friend, currency strategist at Commerzbank, said the ‘central question’ for the pound in the short-term outside of any reaction to today’s CPI data is ‘to what extent will the MPC look through a multi-month period of elevated prices and instead towards economic weakness lasting well into 2009’. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. Neither the Subscriber nor Thomson Financial News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here . read more

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Foreign currency lending remains a key risk to Hungarian banks – Fitch – Forbes. BANGALORE (Thomson Financial) – Fitch Ratings said foreign currency lending in Swiss francs and Japanese yen remains a key risk to the Hungarian banking sector’s financial stability and is unlikely to disappear in the near future. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by Thomson Financial News and its third party content providers for your personal information only, and neither Thomson Financial News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more

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