Financial News from Reuters

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  • BANGKOK, July 29 (Reuters) - Most Southeast Asian stock markets rose on Wednesday, with Indonesian benchmark rebounding from a 16-month low as investors selectively bought shares ahead of quarterly results, ...

  • MUMBAI (Reuters) - Reserve Bank of India Deputy Governor S. S. Mundra said the latest April-June earnings from state-owned lenders showed "stability" in terms of non-performing assets (NPAs), ...

  • Chinese shares fell for a fourth consecutive day on Wednesday, but the declines were modest as Beijing's efforts to prop up values appeared to have brought a measure of stability to its unruly stock market. After a dramatic plunge of more than 8 percent in Chinese stocks on Monday, China's securities regulator pledged …

  • KUALA LUMPUR, July 29 (Reuters) - Following is a table of Kuala Lumpur tin market prices provided by a Malaysian trader. (Prices in $/tonne, and volumes in tonnes unless stated) Date KL Premium/ Spot Bid ...

  • A gold bar is displayed at the currency museum of Lebanon's Central Bank in Beirut

    Gold steadied at just below $1,100 an ounce on Wednesday, trading not far from a 5-1/2-year low, as investors awaited the outcome of the U.S. Federal Reserve's meeting for more clues on the timing of this year's interest rate increase. Gold has been stuck in narrow ranges this week ahead of the conclusion of the Fed's …

  • Reward Gateway, a British company whose software helps companies reward their staff, has been sold by Inflexion Private Equity to U.S.-based technology investor Great Hill Partners in a deal that values the group at 140 million pounds. Chief Executive Glenn Elliott, who founded Reward Gateway in 2006, said Great Hill's …

  • Pacific Rim trading partners are considering setting up a top-level forum to consider ways to avoid currency manipulation in parallel to an ambitious 12-nation trade deal, Australian Trade Minister Andrew Robb said on Tuesday. Robb said the U.S. proposal would not seek to include language on avoiding currency manipulation …

  • A flame shoots out of a chimney at a petro-industrial factory in Kawasaki near Tokyo

    "Glut is the word," said Ric Spooner, chief market analyst at Sydney's CMC Markets. Both Brent and U.S. crude came off session lows on Tuesday after data from industry group the American Petroleum Institute showed U.S. commercial crude stocks fell by 1.9 million barrels last week to 462 million, against analysts' expectations …

  • Asia stocks up as China steadies, wary of Fed Reuters - 2 hours 14 minutes ago
    TSE employee looks at monitors at the Tokyo Stock Exchange in Tokyo

    Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the U.S. Federal Reserve. The steadier tone was enough to lift Australia's main index 1 percent, while MSCI's broadest index …

  • In a Beverly Hills mansion on Tuesday, Facebook-owned Oculus rolled out "Henry," a movie that takes advantage of its virtual reality technology to tell the story of a hug-obsessed hedgehog. The company's pitch is to lure filmmakers to use the technology and produce content that attracts consumers for the Rift, its virtual …

  • Critics have long lamented that Twitter Inc (TWTR.N) is difficult to use and has had trouble defining itself, which is why it has not expanded its audience. Add interim chief executive Jack Dorsey and Chief Financial Officer Anthony Noto to the list of critics. While Wall Street dumped the stock in after-hours trading …

  • The Twitter logo is shown at its corporate headquarters in San Francisco

    Twitter said it had 304 million core users in the second quarter, up from 302 million in the prior quarter. Twitter's struggles to increase its audience worries investors, who are focussed on the company's growth potential, and the latest figures did little to reassure them. "We have not clearly communicated Twitter's …

  • July 29 (Reuters) - The following table shows rates for Asian currencies against the dollar at 0132 GMT. CURRENCIES VS U.S. DOLLAR Change on the day at 0132 GMT Currency Latest bid Previous day Pct Move ...

  • (Reuters) - Quintain Estates and Development Plc (QED.L) is in talks to be bought by private equity firm Lone Star Funds in a deal that could value the London property group at more than 600 million pounds ...

  • The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets. FUNDAMENTALS * Malaysian palm oil futures fell on Tuesday for a fifth straight session to their ...

  • DIARY - Malaysia Reuters - 5 hours ago

    + ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS WEDNESDAY, JULY 29 KUALA LUMPUR- Malaysia-German Chambers of Commerce and Industry holds a press conference on Asean Business Climate ...

  • New York State Department of Financial Services Superintendent Benjamin Lawsky speaks during the Reuters Financial Regulation Summit in New York

    Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. Lawsky, who departed last month as superintendent of the New York …

  • A general view of the lobby outside of the Carlyle Group offices in Washington

    FRANKFURT (Reuters) - U.S. private equity group Carlyle (CG.O) has closed its fourth European buyout fund, sticking to a so-called hard cap of 3.5 billion euros ($3.87 billion) after attracting far more ...

  • THE ASEAN DAILY- July 29 Reuters - 6 hours ago

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/ASEAN/ASEAN_Daily_Jul_29_2015.pdf If you would like to receive this newsletter through your email, please ...

  • A worker arranges Colgate products on a shelf at a supermarket in Caracas

    Taylor's appointment is effective Nov. 1, and on the same day Lafley will become executive chairman of the board, P&G said in a statement. P&G has been struggling with sluggish sales due to "choppy" growth in developed markets, tough competition and a strong dollar. To rejuvenate growth, P&G has been streamlining its …

  • Shares of Akamai, which claims to deliver between 15 and 30 percent of all Web traffic, fell as much as 13 percent in after-hours trading on Tuesday. The company's second-quarter profit fell nearly 8 percent after 11 quarters of growth, as costs rose. Cambridge, Massachusetts-based Akamai, which gets about a quarter of …

  • A European Union flag flutters outside the Athens stock exchange

    The Greek stock market will reopen on Wednesday or Thursday after a month-long shutdown but with restrictions on trading by local investors at the request of the European Central Bank, the Greek securities regulator chairman told Reuters on Tuesday. The Athens Stock Exchange (ASE) (.ATG) (EXCr.AT) has been shut since June …

  • Spanish airports operator Aena (AENA.MC) on Tuesday said net profit in the first half of the year had soared 80 percent to 276 million euros ($305 million), boosted by higher air traffic and a series of one-off tax deductions. The integration of Britain's Luton Airport, north of central London, also helped this year's …

  • A flame shoots out of a chimney at a petro-industrial factory in Kawasaki near Tokyo

    Oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market meltdown. Trades also cited short-covering after a four-day selloff that wiped between …

  • Blackboard's majority owner, private equity firm Providence Equity Partners LLC, has hired Deutsche Bank AG (DBKGn.DE) and Bank of America Corp (BAC.N) to run an auction for the company, the people said this week. Blackboard has annual earnings before interest, tax, depreciation and amortisation of around $200 million, …

  • Shares of IAC, whose portfolio also includes dating website Match.com as well as Investopedia and Dictionary.com, rose nearly 2 percent in trading after the bell on Tuesday. The company's search business is its largest, but the dating business Match Group is seen as the crown jewel of the conglomerate and has been driving …

  • General view of the Frankfurt stock exchange

    By Michael Connor NEW YORK (Reuters) - U.S. and European stock markets climbed 1 percent or more on Tuesday, reversing five days of declines, as investors looked past China's equities sell-off and took ...

  • Traders work on the floor of the New York Stock Exchange

    The Dow Jones industrial average and S&P 500 chalked up gains of more than 1 percent, while the Nasdaq Composite lagged slightly. After the S&P sank over the past week towards the low end of a range it has traded in since February, some investors wagered the market was primed for a technical bounce-back. "The S&P has …

  • A European Union flag flutters outside the Athens stock exchange

    ATHENS/BRUSSELS (Reuters) - Conflicting statements and denials flew between Athens and Brussels on Tuesday in a war of nerves highlighting the depth of mutual mistrust over a new round of negotiations on an 86 billion euro bailout that started this week. Any hope of a fresh start in fraught relations between Greece's leftist …

  • Elliott, whose affiliated funds own about 7.5 percent of Citrix's stock, has agreed to customary standstill, voting and other provisions for at least a year, Citrix said. Elliott in June said Citrix should sell some units, cut costs and buy back shares to make up for six years of underperformance. Citrix said on Tuesday …

  • FRANKFURT/MILAN (Reuters) - German cement maker HeidelbergCement (HEIG.DE) is buying control of rival Italcementi (ITAI.MI) in a deal that values the smaller Italian company at around 6.7 billion euros ($7.40 billion) to bolster its position in growing markets as consolidation in the sector picks up. HeidelbergCement will …

  • BERLIN (Reuters) - German cement maker HeidelbergCement (HEIG.DE) increased its medium-term targets to reflect the impact of the acquisition of a 45 percent stake in rival Italcementi (ITAI.MI), announced ...

  • By Ben Gruber A power outage - it's an experience all are familiar with and everyone dreads. The lights go out, the TV goes black, the computers shut down as their batteries drain. And worst of all - your ...

  • DuPont also cut its full-year profit forecast due to the weak outlook and to account for the spin-off of its performance chemicals unit, sending its shares down as much as 7 percent to a two-year low. DuPont, whose sales have missed analysts' expectations for the last four quarters, has also been hit by a strengthening …

  • An employee shows gold bangles to a customer at jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai

    Gold steadied on Tuesday near 5-1/2-year lows as markets braced for this week's two-day Federal Reserve meeting, at which policymakers are expected to give further clues on the timing of a U.S. rate increase. The Fed suggested earlier this year that a near-term rate rise was on the cards if economic data supported such …

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