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Financial News Stories

Week ahead: Eyes on Barclays and RBS during frantic week

LONDON (ShareCast) – An extremely busy week lies ahead, with a tumult of the largest companies on the London stock market announcing second-quarter and half-year results. The week begins quietly enough on Monday and Tuesday, with a Reckitt Benckiser (Xetra: … Continue reading

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Asian shares pull away from 3-year highs but gain on week

By Lisa Twaronite TOKYO (Reuters) – Asian shares pulled back from this week’s three-year highs on Friday after a mostly flat day on Wall Street, though a fresh SP closing record and upbeat U.S. employment data underpinned sentiment. Financial spreadbetters … Continue reading

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Biocon shares fall as earnings disappoint

Shares in Biocon Ltd slump more than 7 percent after June-quarter earnings disappoint some investors. Biocon’s June-quarter consolidated net profit up 9 percent to 1.03 billion rupees ($17.14 million). On-going geo-political conflicts in MENA region, affected growth in the biopharma … Continue reading

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RBS releases earnings early after surprise swing to profit

LONDON (Reuters) – Royal Bank of Scotland said it made a pre-tax profit of 1 billion pounds in the second quarter, far better than analysts had expected, thanks to a turnaround in losses from bad loans, prompting it to release … Continue reading

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Time Warner dares Murdoch to bid more than he can pay

Time Warner Inc.’s board is daring Rupert Murdoch to make an offer he can’t afford. In rejecting an $85-per-share takeover bid by Murdoch’s 21st Century Fox Inc. last week, Time Warner said its own growth plan “is superior to any … Continue reading

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China’s bad loan ratio rises, adding to bank sector worries

* China end-June NPL ratio rises to 1.08 pct * Bank regulator warns of credit risks in property (Adds details, quote) BEIJING, July 25 (Reuters) – Chinese banks’ bad loan ratio rose to 1.08 percent at the end of June … Continue reading

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Fast food workers prepare to escalate wage demands

CHICAGO (AP) — Fast food workers say they’re prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to discuss the future of the … Continue reading

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Russian execs fear lasting damage from plane crash

MOSCOW (AP) — Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause serious and lasting economic damage. … Continue reading

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TSX shrugs off weak oil, gold prices on solid earnings

By Alastair Sharp TORONTO (Reuters) – Decent earnings reports from several resource stocks and a major telecom company helped Canada’s main stock index keep intact a string of all-time highs on Thursday, despite slips in oil and gold prices weighing … Continue reading

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After much movement, stocks end where they began

NEW YORK (AP) — Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened. Major U.S. stock indexes ended roughly where they began Thursday, despite investors having to work through a … Continue reading

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Financial News

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