Markets
Starbucks tops S&P 500 decliners on weak forecast
Starbucks shares tumbled 11% to $46.34 Friday morning, leading SP 500 decliners, after the coffee retailer cut its profit target for the current quarter and issued a fiscal 2013 outlook that fell well short of the consensus forecast. Starbucks continues to deal with weak consumer spending at its stores in Western Europe
Starbucks shares tumbled 11% to $46.34 Friday morning, leading SP 500 decliners, after the coffee retailer cut its profit target for the current quarter and issued a fiscal 2013 outlook that fell well short of the consensus forecast. Starbucks continues to deal with weak consumer spending at its stores in Western Europe, and more recently, the company said sales are growing at a slower rate in the U.S. Starbucks share drop triggered short sale-related circuit breakers at the Nasdaq Friday. A drop in a stock of more than 10% from its prior-day closing price triggers a restriction on the prices at which securities may be sold short, according to exchange rules. Starbucks shares had hit a 52-week high of $62 in mid-April.
Article Source: http://stream.marketwatch.com/story/markets/SS-4-4/SS-4-8087/
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Markets
Thai Mango growers complain of low prices and fewer exports
Because of the global COVID-19 pandemic, their mangoes are not being exported, due to fewer buyers, and their prices have plunged to between 10 and 20 baht per kilogram, depending on size.
Mango orchard owners in Thailand’s northern province of Phitsanuloke are seeking help from the provincial administration to promote the sale of their sweet fruit, particularly Barracuda Mango variety.
(more…)Investment
Foreigners’ Participation in Thai Listed Companies explained
Special vehicles have been created to facilitate foreign investors so that they are able to invest in Thai
securities flexibly and conveniently.
Similar to foreign business laws existing in most Asian countries, Thai laws have imposed restrictions on foreign ownership of Thai companies.
(more…)
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