Financial News Stories
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
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
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
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
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
* 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
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
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
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
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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