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Ex-Wall Street banker accused of insider tips to father faces trial

By Nate Raymond NEW YORK (Reuters) – Federal prosecutors in Manhattan are set to face off with a former Wall Street investment banker in their first insider trading trial since a U.S. appeals court curtailed their ability to pursue such … Continue reading

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MIDEAST STOCKS-Gulf bourses soft as oil's fall outweighs Q2 earnings

DUBAI, July 24 (Reuters) – Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia. Riyadh’s stock index edged down 0.2 … Continue reading

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MIDEAST STOCKS-Gulf bourses soft as oil's fall outweighs Q2 earnings

DUBAI, July 24 (Reuters) – Gulf stock markets were soft in early trade on Sunday as weaker oil prices at the end of last week outweighed a few positive corporate earnings in Saudi Arabia. Riyadh’s stock index edged down 0.2 … Continue reading

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BUZZ-Shares of two Saudi SABIC units diverge after Q2 earnings

July 24 (Reuters) – ** Shares in two Saudi Basic Industries Corp units diverge: Saudi Kayan Petrochemical rises 3.6 percent to 7.25 riyals, Saudi Arabian Fertilizers Co (SAFCO) falls 0.4 percent to 59.25 riyals ** Kayan swung to net profit … Continue reading

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MIDEAST STOCKS-Saudi Kayan Q2 bullish but oil price weak

DUBAI, July 24 (Reuters) – Saudi Arabia’s stock market may be buoyed by strong earnings from a petrochemical company on Sunday but weak oil prices look set to limit gains, while most other Saudi earnings were in line with expectations. … Continue reading

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Another creep higher sends S&P 500 to record high, again

NEW YORK (AP) — Another day, another lazy drift higher for stocks and another record high. The Standard & Poor’s 500 index rose 9.86 points, or 0.5 percent, to 2,175.03 on Friday. It surpassed its prior record set Wednesday by … Continue reading

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Silicon Valley leads avalanche of quarterly reports

By Noel Randewich SAN FRANCISCO (Reuters) – A quartet of technology heavyweights will be part of an avalanche of quarterly corporate earnings reports next week that, along with a meeting of Federal Reserve policymakers, could hold the key to whether … Continue reading

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Husky Energy earnings beat expectations, shares rise

(Reuters) – Husky Energy Inc , Canada’s No. 3 integrated oil company, reported a smaller-than-expected quarterly loss on Friday as its focus on fewer, more efficient resource plays helped reduce production costs. The strong results sent shares up 2.66 percent … Continue reading

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INVESTMENT FOCUS-Flying into the fog of European earnings season

* Q2 earnings in Europe expected to fall 8.5 pct: TR data * Investors pull record amounts from European equity funds * Europe EPS forecasts: http://reut.rs/2553txN By Atul Prakash and Vikram Subhedar LONDON, July 22 (Reuters) – EasyJet (Other OTC: … Continue reading

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Wall Street flat; GE leads industrials lower

By Yashaswini Swamynathan REUTERS – U.S. stocks were flat on Friday morning as disappointing results from industrials including GE dented investors optimism about earnings and prevented Wall Street from aiming for new highs. GE, long considered a bellwether for the … Continue reading

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