Financial News Stories
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
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
(Adds shares) LONDON, Oct 24 (Reuters) – Pharmaceutical firm Shire raised its guidance for full-year earnings on Friday,underlining its strong prospects as a standalone company afterAbbVie Inc (Xetra: 4AB.DE – news) officially ditched its $55 billion purchaseof the group on … Continue reading
LONDON (Reuters) – The cost of insuring against Tesco defaulting on its debt shot up on Friday, after ratings agency Moody’s downgraded Britain’s biggest grocer and left the troubled group hovering one notch above junk status. Tesco, which has lost … Continue reading
By A. Ananthalakshmi SINGAPORE (Reuters) – Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an … Continue reading
LONDON/NEW YORK (Reuters) – U.S. drugmaker Pfizer is to continue buying back stock, with the board authorising a new $11 billion (6.8 billion pounds) share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca. Shares in … Continue reading
BEIJING (Reuters) – Apple Inc Chief Executive Tim Cook was quoted on Friday as saying he had “very open” talks on privacy and security with a senior Chinese official, days after a web monitoring group linked the government to a … Continue reading
SEOUL, South Korea (AP) — Global stock markets retreated Friday as the first case of Ebola in New York overshadowed positive economic news. KEEPING SCORE: Britain’s FTSE 100 fell 0.2 percent to 6,404.55 and Germany’s DAX dropped 0.2 percent to … Continue reading
The first of the Canadian oilsands producers are noting the impact of a lower price for oil and increased development costs for new projects as they report third-quarter earnings. Husky Energy Inc. and Cenovus Energy Inc. reported increased earnings Thursday, … Continue reading
By Herbert Lash NEW YORK (Reuters) – Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on stronger American and … Continue reading
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