Author Archives: Editor - Stock Markets News

Peugeot posts record earnings despite sales dip

By Laurence Frost and Gilles Guillaume PARIS (Reuters) – French automaker PSA Group shrugged off a drop in Chinese sales and an ageing lineup to deliver record first-half profit, as Chief Executive Carlos Tavares made progress on his turnaround plan … Continue reading

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FOREX-Yen hit by scale of reported fiscal plan, new bond talk

* Yen sags as Abe comments hint at larger fiscal stimulus * Focus still on whether BOJ will help finance spending * Officials deny plan to issue long-term debt * Dollar inches higher before Fed meeting (Adds Jiji report on … Continue reading

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Bayer drugs secure earnings beat, offset weak crop chems

By Ludwig Burger FRANKFURT (Reuters) – Bayer , the German drugmaker trying to acquire U.S. seed company Monsanto , surpassed second-quarter earnings expectations and raised its guidance for the year as strong gains in stroke prevention pill Xarelto offset sluggish … Continue reading

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MIDEAST STOCKS-IMF news may boost Egypt, Gulf quiet

DUBAI, July 27 (Reuters) – Egypt’s stock market looks set to rise on Wednesday on news that Cairo is near agreeing an International Monetary Fund lending programme, while soft oil prices – Brent crude is below $45 a barrel – … Continue reading

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LG Display guides for earnings recovery after second-quarter slump

By Se Young Lee SEOUL (Reuters) – South Korea’s LG Display Co Ltd on Wednesday guided for a second-half earnings recovery, signaling a pickup for the struggling panel industry as clients prepare to launch new gadgets such as smartphones. The … Continue reading

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Apple sells more iPhones than expected, shares jump after hours

By Julia Love and Anya George Tharakan (Reuters) – Apple Inc sold more iPhones than Wall Street expected in the third quarter and forecast revenue in the current period would top many analysts’ targets, soothing fears that demand for Apple’s … Continue reading

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US STOCKS-Wall St mixed as investors eye Apple earnings

* Fed starts two-day monetary policy meeting on Tuesday * McDonald’s, Verizon (NYSE: VZ – news) fall on weak results * Caterpillar (NYSE: CAT – news) , Texas Instruments (Sao Paolo: TEXA34F.SA – news) rise on upbeat earnings, forecast * … Continue reading

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Wall St. dips, earnings on deck from Apple and Twitter

By Noel Randewich (Reuters) – U.S. stocks dipped on Tuesday as Federal Reserve policymakers kicked off a two-day interest rate meeting and investors braced for quarterly scorecards from Apple and Twitter. It was the second day of declines after a … Continue reading

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Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial

By Claire Milhench LONDON (Reuters) – Goldman Sachs abused its position as a trusted adviser to Libya’s sovereign wealth fund, a lawyer for the fund argued on Tuesday, in a case that has subjected the bank’s dealings to a forensic … Continue reading

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Goldman is sued in U.S. over merger linked to Malaysia's 1MDB

By Jonathan Stempel NEW YORK (Reuters) – Goldman Sachs Group Inc was sued on Tuesday by a major shareholder of a Malaysian bank it once advised, and which accused the Wall Street bank of fraudulently shortchanging it in a merger … Continue reading

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