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Granite REIT Declares Monthly Distribution

TORONTO, May 16, 2013 /PRNewswire/ – Granite Real Estate Investment Trust (“Granite”) (TSX: GRT.UN / NYSE: GRP.U) announced today that its board of trustees has declared a distribution on Granite’s stapled units of CDN$0.175 per stapled unit.  The distribution will be paid by Granite on June 14, 2013 to stapled unitholders of record at the close of trading on May 31, 2013.  The stapled units will begin trading on an ex-dividend basis at the opening of trading on May 29, 2013. Continue reading →

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China Ceramics Announces First Quarter 2013 Financial Results

JINJIANG, Fujian Province, China, May 14, 2013 /PRNewswire/ — China Ceramics Co., Ltd. (NASDAQ Global Market: CCCL) (“China Ceramics” or the “Company”), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced financial results for the first quarter ended March 31, 2013. Continue reading →

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Stocks recover after Japan drop rattles traders

PARIS (AP) — U.S. markets rose Thursday as positive economic data helped steady investor nerves after Japan‘s main stock index plunged into “bear market” territory. European markets were mixed.

Japan’s Nikkei fell 6.4 percent to close at 12,445.38, a drop of 21 percent from its high in May. When an index falls by more than 20 percent from a high, it is commonly defined as a bear market. Continue reading →

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Stocks mixed as retail sales unexpectedly rise

NEW YORK (AP) — A record-breaking rally in stocks stalled Monday as investors assessed whether stock valuations were overstating the improvement in the economy.

Stocks started the day lower even after the government reported that Americans increased spending at retailers last month. The spending rebounded from March, suggesting that consumers may boost economic growth in the current quarter ending June 30. Continue reading →

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Shares, dollar dip as BOJ disappoints

By Richard Hubbard

LONDON (Reuters) – The yen jumped against the dollar, shares sagged and German Bund prices followed Japanese bonds lower on Tuesday after the Bank of Japan disappointed investors by deciding not to implement further stimulus measures.

Worries over slowing growth in China, the world’s second-biggest economy, and the start of a hearing in Germany’s top court about the legality of the European Central Bank‘s bond-buying scheme also kept investors in cautious mood. Continue reading →

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15 Days Remain Until the Start of the St. Petersburg International Economic Forum

ST PETERSBURG, June 5, 2013 /PRNewswire/ — The key theme of SPIEF 2013 will be ‘Finding Resolve to Build the New Global Economy’. The Forum’s participants will include leading political, business, and financial representatives from around the world. They will gather to engage in thoughtful dialogue regarding the most effective means of creating a viable and sustainable system for a constantly changing world. Continue reading →

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China’s economy stumbles in May, growth seen sliding in Q2

By Langi Chiang and Jonathan Standing

BEIJING (Reuters) – Risks are rising that China‘s economic growth will slide further in the second quarter after weekend data showed unexpected weakness in May trade and domestic activity struggling to pick up.

Evidence has mounted in recent weeks that China’s economic growth is fast losing momentum but Premier Li Keqiang tried to strike a reassuring note, saying the economy was generally stable and that growth was within a “relatively high and reasonable range”. Continue reading →