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  • On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million (574 million pounds), or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. But analysts pointed to strong cashflow generation and Boeing's increase in share buy-backs in the quarter …

  • British insurance company Saga is planning a London stock market debut that could value the company at 3 billion pounds, two sources familiar with the matter said on Wednesday. Saga, which is owned by Permira, Charterhouse and CVC, would raise at least 750 million pounds assuming the London Stock Exchange's minimum free …

  • Indian drugmaker Wockhardt Ltd, which has been hit by a slew of overseas regulatory rebukes due to poor production quality, said the regulator in Himachal Pradesh has suspended the manufacture and sale of a product. The state's drug controller suspended the manufacture, sale or distribution of fixed dose combination of …

  • A man passes the Bank of England in the City of London

    Britain's hefty budget deficit has fallen to its lowest since the financial crisis, official data showed on Wednesday, helping the government argue it is delivering on a key economic pledge a year before a national election. The Bank of England, meanwhile, indicated it was not hurrying to raise interest rates, even if …

  • A Rolls-Royce aircraft engine of a British Airways Boeing 747 passenger aircraft is seen at Heathrow Airport in west London

    LONDON (Reuters) - Britain's Rolls-Royce (LSE:RR.) has won a $400 million (238 million pounds) contract with Azul Brazilian Airlines to service Rolls-Royce engines, which it said will be used to power ...

  • Workers walk in front of an UltraTech concrete mixture truck at the construction site of a commercial complex on the outskirts of Ahmedabad

    UltraTech Cement Ltd (ULTC.NS) reported a forecast-beating 15 percent rise in net profit for the January-March quarter as India's largest cement maker kept a lid on rising costs. "Optimisation of fuel mix and other initiatives helped in maintaining costs almost at the previous year levels," UltraTech, part of the $40 billion …

  • LONDON (Reuters) - The British public's expectations for inflation over the coming year fell to 2.0 percent this month from 2.1 percent in March, its lowest level since late 2009, a monthly survey by polling ...

  • People walk past the New York Stock Exchange as it flies the U.S., French and Eurozone flags in New York

    European shares edged down on Wednesday after three days of gains as signs of a slowing Chinese economy and rising worries about Ukraine offset reassuring European economic data. U.S. stock futures also pointed to a subdued start for Wall Street on a heavy day of company earnings as well as U.S. PMI readings. The PMI …

  • Employees inspect a bullet train at a high speed railway maintenance station, to prepare for the annual mass migration ahead of the Chinese lunar new year, in Xi'an

    LONDON/BEIJING (Reuters) - Chinese factory activity shrank for the fourth straight month in April but private businesses across the euro zone enjoyed their best month in nearly three years, surveys showed on Wednesday. Within the euro zone, Germany - Europe's largest economy - saw activity accelerate whereas in France, …

  • From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & Associates helped. Provident paid Mick to provide "due diligence" reports to help brokers decide whether to recommend the …

  • Gold edged up on Wednesday from the 2-1/2 month low it hit in the previous session as a softer tone to equities and the dollar helped arrest its slide, though it remained vulnerable to further losses as investor demand remained slack. Spot gold was up 0.1 percent at $1,284.50 an ounce at 1245 GMT, while U.S. gold futures …

  • GM is under investigation by U.S. safety regulators, Congress and the U.S. Department of Justice for why it did not catch the faulty part for over a decade. GM said on Wednesday that owners of 2008-2011 models subject to the recall, which has affected 2.6 million vehicles, will receive a letter in early May confirming …

  • Italy's Banca Popolare di Sondrio (MIL:BPSO) said on Wednesday it had paid back 500 million euros (410 million pounds) in crisis loans received from the European Central Bank ahead of time. In a statement the regional lender said reimbursement of the loans, maturing on February 26 next year, had been completed on Wednesday …

  • Boxes of Tide detergent, a Procter & Gamble product, sit on a shelf at a store in Alexandria

    By Phil Wahba (Reuters) - Procter & Gamble Co (PG.N), the world's largest household products maker, reported a higher than expected quarterly profit on Wednesday, helped by an increase in home care products ...

  • Spain's Bankinter (MCE:BKT) reported a 19 percent rise in first-quarter net profit and said bad loans were close to a peak, setting a positive tone for the rest of the country's banks which are aiming to benefit from an improving economy. Bankinter, like bigger rivals such as Santander (SAN.MC) and BBVA (BBVA.MC), is emerging …

  • LISBON/LONDON (Reuters) - Portugal sold benchmark debt at a record low yield on Wednesday in its first bond auction in three years, a vote of market confidence that boosts Lisbon's chances of making a clean break from its bailout next month. Whether Portugal follows Ireland in making a clean exit is a focal point of discussions …

  • Northrop beats on earnings, lifts 2014 outlook Reuters - 1 hour 36 minutes ago

    Northrop Grumman Corp (NYS:NOC) on Wednesday reported a higher-than-expected quarterly profit despite a drop in sales, and the U.S. weapons maker raised its earnings forecast. Northrop, which makes unmanned planes, the B-2 bomber and a host of electronic equipment, said net income rose to $579 million (344 million pounds), …

  • Germany's largest lender Deutsche Bank AG (GER:DBK) is trimming its equities team in Latin America and plans to run the business mainly from Mexico, Brazil and New York, a person familiar with the plans told Reuters. It was not clear how many staff would be affected by the changes, which were earlier reported by Bloomberg. …

  • Higher than expected tax receipts and falling financing costs will allow Spain to sharply cut net debt issuance for 2014 from an estimated 65 billion euros (53 billion pounds), Economy Minister Luis de Guindos said on Wednesday. Spain is due to present an update of its three-year budget plans to the European Union next …

  • Strength in Associated British Foods on U.S. growth prospects and in drugmakers on sector consolidation expectations kept Britain's top share index near a two-week high on Wednesday. Clothing and food conglomerate AB Foods surged 8.9 percent, its best one-day percentage gain for 14 years, after saying its fast-growing …

  • On a non-adjusted basis, however, Boeing's profit slid 13 percent to $965 million (574.50 million pounds), or $1.28 per share, down from $1.11 billion, or $1.44 per share, a year earlier, the company reported on Wednesday. Core earnings, which exclude some pension and other costs, rose to $1.76 per share from $1.73 a year …

  • "This year Huawei will spend $300 million on marketing," Shao Yang, Huawei's vice president of marketing for its consumer business, told Reuters on the sidelines of a press conference on Wednesday in Shenzhen, China, where the company is headquartered. "In 2014, we are aiming our sales efforts at improving our branding …

  • By Indulal PM MUMBAI (Reuters) - The BSE Sensex and Nifty hit record highs for a third session in a row as infrastructure companies such as Larsen & Toubro extended recent gains while lenders including ...

  • China to allow private investment in 80 projects Reuters - 2 hours 24 minutes ago

    China will allow private investment in 80 projects spanning the energy, information and infrastructure sectors as part of reforms to increase privatisation, Premier Li Keqiang said on Wednesday. The 80 projects involving solar energy, hydro power, wind power, and oil and gas pipelines, previously areas monopolised by the …

  • The rupee weakened for a third consecutive session on Wednesday, falling below the 61 to the dollar mark for the first time in more than a month, hurt by good demand for the greenback from importers and by continued weakness in Asian currencies. Most emerging Asian currencies fell as the Chinese yuan extended its recent …

  • BRUSSELS/ATHENS (Reuters) - Greece is set to obtain more debt relief from its international lenders after European officials confirmed on Wednesday that Athens had topped its fiscal targets and achieved a budget surplus in 2013. Wednesday's announcement come on the fourth anniversary of Greece's official request for a …

  • Israel's parliament on Wednesday gave final approval to privatise state-owned Israel Military Industries (IMI), which has been cash-strapped for years despite developing some of the country's best-known battlefield equipment. IMI's classified operations will be transferred to a new, smaller state-owned firm called Tomer, …

  • Boeing's quarterly revenue rises 8 percent Reuters - 2 hours 48 minutes ago

    (Reuters) - Boeing Co (NYS:BA) reported an 8 percent increase in quarterly revenue, helped by a rise in commercial aircraft deliveries. Revenue rose to $20.47 billion (12.18 billion pounds) for the first ...

  • Reuters Market Eye - Shares in DLF, India's biggest real estate developer, fell 2.99 percent, sharply under-performing a 0.4 percent gain in the Nifty and posting their sixth decline in the past seven ...

  • France outlined a slower roadmap on Wednesday to reduce its chronic deficit to the European Union's treaty limit next year, based on growth assumptions described by an independent watchdog as risky. Europe's second-biggest economy, with the highest public spending quota in the EU, is a serial laggard where recovery and …

  • The chairman of Lanzhou Veolia Water Co, partly owned by a subsidiary of French utility Veolia Environnement (PAR:VIE), has apologised after a cancer-inducing chemical was found in tap water supplied by the company. Benzene was found in tap water supplied by the Lanzhou Veolia Water Co in the north-western city of Lanzhou …

  • (Blank Headline Received)

    Over 90 percent of Japanese banks have increased loans and investment in riskier assets in the past year, the Bank of Japan said on Wednesday, suggesting that the wall of money it is pumping out is spilling over into the broader economy. "Financial institutions have reduced investment in domestic bonds, especially Japanese …

  • Quantitative easing would be operationally complex for the European Central Bank, policymaker Ardo Hansson said, casting doubt on whether the bank could implement such a plan to ward off the threat of deflation. The ECB governing council said earlier this month it was unanimous in its commitment to use unconventional tools …

  • The United States put last-minute pressure on Japan to compromise in tough trade talks on Wednesday, shortly before President Barack Obama was to arrive for a state visit. The two-way talks - focusing on Japan's agricultural market and both countries' car markets - are key to reaching a multilateral trade pact that is …

  • HANOI, April 23 (Reuters) - Most Southeast Asian stocks lost ground on Wednesday, led by Singapore with investors booking profits after recent gains; while shares in Thailand bucked the regional trend ...

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