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(Corrects spelling of Fed in sixth bullet point) March 21 (Reuters) – Gold rose on Thursday, trading close to a three-week peak hit in the previous session after the U.S. Federal Reserve phased out a possibility of an interest rate hike this year, while palladium scaled a record peak on supply issues. FUNDAMENTALS * Spot […]

* KOSPI index up nearly 1 pct, foreigners net buyers * Korean won strengthens versus U.S. dollar * South Korea benchmark bond yield down SEOUL, March 21 (Reuters) – Round-up of South Korean financial markets: ** South Korea’s KOSPI stock index jumped on Thursday as rallying chip giants lifted broader market, while policymakers are relieved […]

(Reuters) – London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer. Under the terms, Ophir shareholders will receive 57.5 pence per share in cash, the companies said […]

March 21 (Reuters) – Gold rose on Thursday, trading close to a three-week peak hit in the previous session after the U.S. Federal Reserve phased out a possibility of an interest rate hike this year, while palladium scaled a record peak on supply issues. FUNDAMENTALS * Spot gold gained 0.3 percent at $1,315.81 per ounce […]

March 21 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines No Brexit delay without MPs backing deal, warns EU on.ft.com/2TR3TMC EssilorLuxottica’s top shareholder accuses Essilor executives of violating merger deal on.ft.com/2WjC3FD Toyota to produce new Suzuki car […]

SEOUL, March 21 (Reuters) – South Korea’s antitrust regulator has lowered a decade-old penalty imposed on U.S. chipmaker Qualcomm Inc by 18 percent to $200 million, the Korea Fair Trade Commission (KFTC) said on Thursday. The cut comes after the Supreme Court in January overturned one of several lower court rulings against the U.S. firm […]

March 21 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times Australian copper group Aeris Resources is in talks to buy a mine from Glencore Plc for $575 million, as the commodities giant seeks […]

* MSCI Asia ex-Japan +0.4 pct * Dollar steadies after falling on Fed comments * U.S. Treasury yields fall, 10Y at 2.5245 pct * Asian stock markets: tmsnrt.rs/2zpUAr4 By Andrew Galbraith SHANGHAI, March 21 (Reuters) – Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy […]

March 20 (Reuters) – The U.S. Food and Drug Administration approved Jazz Pharmaceuticals Plc’s treatment for patients with a form of sleep disorder, the company said on Wednesday. The drug, solriamfetol, will treat excessive sleepiness in adult patients with narcolepsy or obstructive sleep apnea (OSA). The decision is a big win for the drugmaker whose […]

OTTAWA/TORONTO, March 20 (Reuters) – Canadian Prime Minister Justin Trudeau remained under pressure over a corruption scandal on Wednesday as a legislator quit his party’s caucus and a pre-election budget aimed at swaying key voters appeared to offer too little to stem the tide of negative news. The budget – the last before federal elections […]

(Reuters) – Levi Strauss & Co fetched a higher price than expected in its initial public offering (IPO) on Wednesday, selling $623.3 million in shares as the U.S. jeans maker looks to return to the stock market after 34 years as a family-owned company. The success of the IPO underscores the diverging fortunes of retail […]

* Elliott proposes over $6 bln dividend, board seats * Shareholders to vote on proposals on Friday By Hyunjoo Jin SEOUL, March 21 (Reuters) – The showdown between U.S. activist hedge fund Elliott Management and Hyundai Motor Group is set to come to a head on Friday when shareholders gather to vote on the fund’s […]

* Q4 net profit seen at 18.3 bln yuan, down 12 pct y/y * Revenue likely to grow 25 pct vs 51 pct growth year ago * Eyes on game approval updates and impact of economic slowdown By Sijia Jiang HONG KONG, March 21 (Reuters) – Tencent Holdings is set to report on Thursday its […]

(Repeats with no change to text) By Norihiko Shirouzu YOKOHAMA, Japan, March 20 (Reuters) – In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision. Two days before Nissan’s executive committee was due to […]

(Reuters) – London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer. Under the terms, Ophir shareholders will receive 57.5 pence per share in cash, the companies said […]

SAO PAULO (Reuters) – Brazilian power company Neoenergia SA has picked the investment banking units of JPMorgan Chase & Co, Bank of America Corp and Banco do Brasil SA to manage its initial public offering, three people familiar with the matter said on Wednesday. Other banks may still join the group managing the IPO, added […]

(Adds Boeing’s response in paragraph 5) March 20 (Reuters) – The FBI has joined the criminal investigation into the certification of Boeing Co’s 737 MAX, the Seattle Times reported on Wednesday, citing people familiar with the matter. here This comes after Reuters reported here that federal prosecutors and the U.S. Department of Transportation are scrutinizing […]

March 20 (Reuters) – Levi Strauss & Co’s initial public offering of 36.7 million shares was priced at $17 per share, above the expected range of $14 to $16. The shares are expected to start trading on the New York Stock Exchange on Thursday under the ticker “LEVI”. (Reporting by Uday Sampath in Bengaluru; Editing […]

(Adds details of offer, premium, company background) March 20 (Reuters) – Ophir Energy Plc said on Wednesday it has agreed to be bought out by Indonesian oil and gas group Medco, for a sweetened cash offer of 408.4 million pounds ($539 million). Under the terms, Ophir shareholders will receive 57.5 pence per share in cash, […]