Author Archives: Editor - Stock Markets News

Analysis

By Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the … Continue reading

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Markets Weekahead

Reuters Market Eye – A slew of blue-chip earnings, including Maruti Suzuki and ICICI Bank to set tone. Overall sentiment seen supported by hopes of further reforms. Movements in Brent crude, which is at a four-year low, will also be … Continue reading

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S&P downgrades Ghana one notch over high fiscal deficit

By Matthew Mpoke Bigg ACCRA (Reuters) – Standard Poor’s downgraded Ghana’s sovereign rating by one notch on Friday citing concerns about the cost of financing the country’s high fiscal deficit and doubts about whether the government can reduce it quickly … Continue reading

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Kenya’s East African Portland Cement full-year earnings drop

NAIROBI (Reuters) – Kenya’s East African Portland Cement posted a net loss of 386 million shillings ($4.32 million) for the year ended June 30, saying it had been hurt by price competition, high staff costs and the weakening shilling. A … Continue reading

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Wall St. finally turning on Amazon as Bezos magic fades

By Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s (AMZN.O) once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of … Continue reading

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Ralph Nader urges Apple to reduce buybacks and raise wages

(Reuters) – Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on … Continue reading

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Wall Street finally turning on Amazon as Bezos magic fades

By Deepa Seetharaman and Ross Kerber SAN FRANCISCO/BOSTON (Reuters) – Amazon.com Inc’s once fairy-tale ride on Wall Street has hit its most jarring bump yet. The company that for years enthralled investors with improbable growth and earned one of the … Continue reading

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Ralph Nader urges Apple to reduce buybacks, improve wages

REUTERS – Consumer advocate Ralph Nader sent a letter to Apple Inc Chief Executive Officer Tim Cook urging the company to reduce its spending on share buybacks and use the money to raise wages, the Wall Street Journal reported on … Continue reading

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Asian markets mixed after Wall Street gains

Hong Kong (AFP) – Asian markets were mixed Friday following strong gains on Wall Street, with Tokyo enjoying a significant bump due to the dollar’s rise against the yen. Tokyo closed up 0.79 percent, or 152.68 points, at 15,291.64, Sydney … Continue reading

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Jilted Shire raises guidance again after third-quarter earnings jump

LONDON (Reuters) – Pharmaceutical firm Shire raised its guidance for full-year earnings on Friday, underlining its strong prospects as a standalone company after AbbVie Inc officially ditched its $55 billion purchase of the group on Tuesday. Dublin-based Shire, which produces … Continue reading

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