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China stock regulator probes market impact of automated trading

By Samuel Shen and Pete Sweeney SHANGHAI (Reuters) – China’s securities regulator on Friday said it is investigating the impact of automated trading on the market, as Beijing intensifies pressure on its financial industry in the wake of a share-price … Continue reading

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China down again, other Asian stocks mostly up after US data

SEOUL, South Korea (AP) — China’s stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. KEEPING SCORE: The Shanghai … Continue reading

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China limits stock trading accounts over volatility

China’s two stock exchanges have slapped trading limits on more than 20 accounts as the market regulator on Friday announced a crackdown on computerised “programme trading”, which it blamed for recent volatility. The moves are the latest steps by authorities … Continue reading

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China drops, other global markets mixed after US data

SEOUL, South Korea (AP) — Global stocks were mixed on Friday, with China’s stock market extending losses, after data showed the U.S. economy posted solid growth during the second quarter. KEEPING SCORE: In Europe, Germany’s DAX gained 0.1 percent to … Continue reading

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Spring general election hurts Countrywide’s earnings

(Reuters) – Countrywide Plc , Britain’s largest estate agency by revenue, posted a 9 percent fall in first-half core earnings, as the political uncertainty in the run-up to the spring election deterred customers from finalising transactions. Adjusted earnings before interest, … Continue reading

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Dollar up on Fed rate talk, Asia markets mostly rise

Hong Kong (AFP) – The dollar pushed higher on Thursday after the Federal Reserve upgraded its outlook on the US economy, fuelling talk of a September interest rate hike, while Asian shares were mostly up after a Wall Street rally. … Continue reading

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Drug firm AstraZeneca reports slide in earnings

LONDON (AP) — Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales. Revenue declined 6.7 percent to $6.31 billion as stomach-acid treatment Nexium lost patent exclusivity in … Continue reading

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BUZZ-Saudi Telecom tumbles after Q2 earnings miss

** Shares in Saudi Telecom Co., the Gulf’s biggest telecommunications firm by market value, tumble 4.2 percent to a two-week low of 69.00 riyals ** Company posted 8.7 percent fall in second-quarter profit to 2.56 billion riyals ($683 million) ** … Continue reading

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Bombardier says not in talks with Siemens on rail deal

By Allison Lampert and Maria Sheahan MONTREAL/FRANKFURT (Reuters) – Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The denial by … Continue reading

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Bombardier says not in talks with Siemens on rail deal

By Allison Lampert and Maria Sheahan MONTREAL/FRANKFURT (Reuters) – Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The denial by … Continue reading

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