'Sell in May and go away'? Not this year, as stocks power ahead in third quarterInvestors following the stock market maxim "Sell in May and go away" will be ruing that decision this year, after emerging market, Japanese and euro zone equities emerged as the biggest … More »'Sell in May and go away'? Not this year, as stocks power ahead in third quarter
Investors following the stock market maxim "Sell in May and go away" will be ruing that decision this year, after emerging market, Japanese and euro zone equities emerged as the biggest winners in the third quarter. There are signs that the coming quarters may not be as robust, but for the third, the prospect of central …
Toshiba bumps up profit forecast on rising chip prices, China demandBy Taiga Uranaka and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp expects to post a bigger first-half profit than it previously forecast, boosted by rising flash memory chip … More »Toshiba bumps up profit forecast on rising chip prices, China demand
By Taiga Uranaka and Makiko Yamazaki TOKYO (Reuters) - Japan's Toshiba Corp expects to post a bigger first-half profit than it previously forecast, boosted by rising flash memory chip prices and strong chip demand from Chinese smartphone manufacturers. The recovery in the global memory chip market is a much-needed boon …
Oil climbs after industry data shows U.S. inventory drawOil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among … More »Oil climbs after industry data shows U.S. inventory draw
Oil prices rose on Wednesday, after sharp losses in the previous session, as industry data showed a surprise draw in U.S. crude stocks, although worries over a lack of agreement among producers to curb output kept a lid on gains. U.S. West Texas Intermediate (WTI) crude was up 20 cents at $44.87 a barrel after closing …
FTSE recovers from one-week low as miners, TUI rallyUK shares rose on Wednesday, recovering from a one-week low as shares in commodities-related stocks rallied and tour operator TUI gained after raising its profit forecast. The blue … More »FTSE recovers from one-week low as miners, TUI rally
UK shares rose on Wednesday, recovering from a one-week low as shares in commodities-related stocks rallied and tour operator TUI gained after raising its profit forecast. The blue chip FTSE 100 index was up 0.9 percent at 6,867.90 points by 0908 GMT, in line with a broader rally in European stock markets. Mining companies …
Kenyan shilling steady on slow corporate demand for dollarsNAIROBI (Reuters) - Kenya's shilling was seen staying within a narrow band after slow demand for the dollar from multinational corporations on Wednesday, and traders expected a … More »Kenyan shilling steady on slow corporate demand for dollars
NAIROBI (Reuters) - Kenya's shilling was seen staying within a narrow band after slow demand for the dollar from multinational corporations on Wednesday, and traders expected a period of market stability to continue. At 0845 GMT, a commercial bank quoted the shilling at 101.25/35 to the dollar, unchanged since its close …
South Korea said on Wednesday that 13 automakers will recall some 110,000 vehicles equipped with Takata Corp's <7312.T> defective air bags, the latest development in a long-running safety crisis involving the Japanese company. The United States in May announced a new round of recall of Takata's air bag inflators which …
FRANKFURT (Reuters) - The European Central Bank's monetary stimulus needs to be complemented by action in other policy areas as the ECB is already operating near a "lower bound" where interest ...
Ghana's gold output rose 38.6 percent in the first half of 2016 to 1,993,850 ounces from 1,438,656 ounces a year ago, boosted mainly by new mining operations, the Ghana Chamber of Mines said on Tuesday. Africa's second-largest gold miner after South Africa earned $2.43 billion from gold in the first six months compared …
Lawyers for German entrepreneur Kim Dotcom, wanted in the United States on copyright infringement and money-laundering charges over his file-sharing website Megaupload, argued on Wednesday there was not enough evidence to show he conspired to commit a crime. The Auckland court heard closing arguments in Dotcom's four-week …
Airbus Group Chief Executive Tom Enders plans to expand a shake-up of Europe’s largest aerospace group by promoting two executives to oversee engineering and programmes as he forces through more "integration" to prepare for future competition. People familiar with the matter told Reuters the heads of the company's two …
By Sarah Young LONDON (Reuters) - Holiday company TUI Group lifted its profit forecast for the year …
