PRAGUE (Reuters) – Broadcaster Central European Media Enterprises (CME) (CETV.O) (CETV.PR) beat forecasts with a 20.5% rise in second-quarter core profit and further reduced its debt, it said on Tuesday. CME’s operating income before depreciation and amortization (OIBDA) increased to $73.3 million, above the average estimate of $67.3 million in a Reuters poll. Its OIBDA […]
Read MorePARIS (Reuters) – Surging demand in Asia and especially mainland China helped Birkin handbag maker Hermes (HRMS.PA) post better-than-expected sales growth for the second quarter, in an encouraging signal for some of its major luxury goods rivals. FILE PHOTO: A model carries a Hermes signature Birkin with Himalayan crocodile leather and diamonds, sold for $300,168 […]
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(Adds company news items, futures) July 23 (Reuters) – Britain’s FTSE 100 index is seen opening 27 points higher at 7,542 on Tuesday, according to financial bookmakers, with futures up 0.42% ahead of the cash market open. * BEAZLEY: Lloyd’s of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last […]
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* Chipmakers, electronics parts makers lead gains * SoftBank Group up on hopes for T-Mobile & Sprint merger approval * Trading remains subdued ahead of corporate results By Tomo Uetake TOKYO, July 23 (Reuters) – Japanese stocks hit their highest in more than a week on Tuesday, with the semiconductor sector tracking Wall Street gains, […]
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TOKYO (Reuters) – JXTG Holdings, Japan’s biggest oil refiner, said on Tuesday it plans to shut down its Osaka International refining venture with PetroChina after buying out the stake owned by its Chinese partner. The closure of the 115,000 barrel-per-day refinery is scheduled for October next year after its venture with PetroChina expires a month […]
Read MoreYves here. Hoo boy. The idea that eastern Ukrainian insurgents or Russia would target a passenger plane never made any sense (unless the plane had high-priority targets or cargo), although it’s always been possible that the downing of MH17 was an accident, and some efforts to explain what happened are based on that idea. For […]
Read MoreTOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock […]
Read MoreAARHUS, Denmark (Reuters) – Far from the sprawling financial hubs of London or Frankfurt, high-tech traders in the Danish university city of Aarhus are driving rapid change in European power markets, easing the shift to renewables with technology that also carries some risks. FILE PHOTO: View of Aboulevarden in the centre of the city of […]
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July 23 (Reuters) – Britain’s FTSE 100 index is seen opening 27 points higher at 7,542 on Tuesday, according to financial bookmakers. * BRITISH AIRWAYS: British Airways pilots have voted overwhelmingly for strike action in a pay dispute that could disrupt the British flag carrier’s peak summer holiday season. * INMARSAT: Britain said on Monday […]
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(This story corrects analyst forceasts, changes headline and second paragraph) (Reuters) – Logitech International SA (LOGN.S) reported better-than-expected first-quarter earnings on Tuesday, and confirmed Nate Olmstead as its chief financial officer. The maker of fast keyboards and computer mice used by players of games like Fortnite said its reported GAAP net profit increased to $45.3 […]
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July 23 (Reuters) – Private equity firm BC Partners is nearing a deal to buy a majority stake in Canada-based security services company Garda World Security Corp, the Wall Street Journal reported on Tuesday. The agreement values Garda World at around C$5.2 billion ($3.96 billion) and BC Partners will own a 51% stake in the […]
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July 23 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Apple Inc is in advanced talks to buy Intel Corp’s smartphone-modem chip business, according to people familiar with the matter, a move that would jump-start the […]
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(Adds quotes, details and updates prices) By Mai Nguyen SINGAPORE, July 23 (Reuters) – Most London base metals rose on Tuesday on expectations of monetary policy easing by major central banks this month, helping nickel prices rebound after two sessions of declines. Lower interest rates often lead to a weaker U.S. dollar and boost demand […]
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July 23 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. – U.S. President Donald Trump on Monday assured executives of several big technology companies that his administration would make “timely” decisions about whether to allow […]
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To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 3:30 pm: Goods and Services Tax Network CEO Prakash Kumar at roundtable discussion on GST related issues in New Delhi. LIVECHAT – FED WATCH Reuters reporters […]
Read MoreTOKYO (Reuters) – Expectations that the European Central Bank and Federal Reserve will cut interest rates boosted stocks globally, while the pound sagged on worries that likely new prime minister Boris Johnson would lead Britain into a no-deal exit from the European Union. FILE PHOTO: Visitors look at a stock quotation board at Tokyo Stock […]
Read MoreSANTA CLARA, Calif./HONG KONG (Reuters) – China’s Huawei Technologies laid off more than two-thirds of the 850-strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and the greater Seattle, Chicago and Dallas areas, said it cut more than 600 […]
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SINGAPORE, July 23 (Reuters) – London nickel prices rebounded on Tuesday after two sessions of declines, hovering around a one-year peak, while the base metals complex was broadly higher. Three-month nickel on the London Metal Exchange (LME) was up 0.3% at $14,345 a tonne, as of 0724 GMT. However, Shanghai nickel dropped 2% to 112,990 […]
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TOKYO, July 23 (Reuters) – Japanese stocks edged higher on Tuesday morning, with the semiconductor sector leading the gains, tracking Wall Street moves, though trading remained thin ahead of the domestic earnings season for the April-June quarter. The benchmark Nikkei share average rose 1.0% to 21,622.78 in late morning trade, its highest level in a […]
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* KOSPI index rises, foreigners net buyers * Korean won steady versus U.S. dollar * South Korea benchmark bond yield falls SEOUL, July 23 (Reuters) – Round-up of South Korean financial markets: South Korean shares climbed on Tuesday as overnight gains in U.S. semiconductor shares lifted South Korean chip giants, amid high expectations of policy […]
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