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Wanda cinema positive on box-office slump

  Bloomberg China’s largest theater operator said a slump in box-office sales nation- wide leaves the company, which has bucked the trend at its own cinemas, in position to buy rivals at cheaper valuations. Wanda Cinema Line Co., the film exhibitor arm of billionaire Wang Jianlin’s Wanda Group, is maintaining its target to use acquisitions and organic growth to add ...

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Exports boost Japan’s economy growth

  Bloomberg Japan’s economy grew more than forecast in the three months through September, as a rebound in exports compensated for continued weak spending at home by people and companies. Gross domestic product expanded by an annualized 2.2 percent, according to data released by the Cabinet Office on Monday (median estimate of economists +0.8 percent). Private consumption rose 0.1 percent ...

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Egypt, Saudi hit by profit-taking

  Reuters Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in emerging markets dragged down the United Arab Emirates and Qatar. Cairo’s blue chip index, which had soared 28.1 percent since the Egyptian pound was floated on Nov. 3, fell 2.0 percent ending 12 consecutive sessions of gains. The ...

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