|RTT Top News
Global financial news, market analysis, economics and forex news
- Merck KGaA Offers To Buy AZ Electronic Materials In $2.6 Bln Deal
- Thu, 05 Dec 2013 09:23:49 GMT - German drugmaker Merck KGaA Thursday said it has offered to acquire AZ Electronic Materials for 403.5 pence per share, valuing the company at around 1.6 billion pounds or $2.62 billion. AZ shares are surging more than 52 percent in initial trade.
- Asian Stocks Fall On Stimulus Worries
- Thu, 05 Dec 2013 09:19:29 GMT - Asian stocks fell broadly on Thursday, dragging the regional benchmark index to a three-week low, as investors became more concerned about the U.S. Federal Reserve's stimulus plans amid signs of improving U.S. economy. With a slew of reports pointing to a brightening outlook for the world's largest economy, investors sat on the fence awaiting Friday's employment report that should shed further light on when the U.S. central bank might begin tapering its bond-buying program.
- EasyJet November Passengers Up, But Load Factor Edges Down
- Thu, 05 Dec 2013 08:13:43 GMT - UK-based low-cost airline easyJet Plc Thursday reported growth in passenger numbers for the month of November, while load factor marginally declined from the same month last year.
- Mulberry H1 Profit Hit By Costs
- Thu, 05 Dec 2013 08:04:34 GMT - Luxury brand Mulberry Group Plc. (MUL.L) Thursday reported a lower profit for the first half, hit by higher costs, while revenue improved 2 percent. Further, the firm said that during the nine weeks to November 30, total retail sales were up 3 percent.
- European Stocks Seen Lower Ahead Of Central Bank Meetings
- Thu, 05 Dec 2013 07:01:13 GMT - European stocks may drift lower at open on Thursday as investors await the outcome of the European Central Bank and Bank of England hold policy meetings due later in the day for direction. Both the ECB and BoE are widely expected to keep their monetary policies on hold as an increase in inflation in November eased fears of deflationary pressures taking hold in the 17-country euro zone.
- Moody's Lifts Spain's Rating Outlook Amid Improving Growth Prospects
- Thu, 05 Dec 2013 04:32:44 GMT - Moody's Investors Service on Wednesday revised up its outlook on Spain's government bond ratings to 'stable' from 'negative', citing better growth prospects and improving public finances. At the same time, the rating agency affirmed Baa3 rating on Spain's government bond, which is the lowest investment grade rating.
- Asian Markets Trade Weak On Fed Stimulus Tapering Worries
- Thu, 05 Dec 2013 03:46:40 GMT - Asian stock markets are mostly trading notably lower on Thursday, with investors indulging in some selling amid uncertainty about the outlook for the U.S. Federal Reserve's stimulus program. The Australian market is down with notable losses, with a widening trade deficit hurting sentiment to a notable extent, while the Japanese market swung between gains and losses in the morning session.
- Avago Posts Higher Profit
- Wed, 04 Dec 2013 23:43:19 GMT - Singapore-based chip maker Avago Technologies Ltd. (AVGO) said Wednesday after the markets closed that its fourth quarter profit rose a modest 8% from last year, as higher costs and expenses dented a 19% revenue growth.
- Guess Q3 Profit Down, But Tops View
- Wed, 04 Dec 2013 22:31:39 GMT - Guess Inc. (GES) Wednesday reported a drop in profit for the third quarter, hurt largely by lower revenues, especially in North America region, and weak margins. Nevertheless, the fashion apparel retailer's adjusted earnings came in ahead of Street expectations.
- Aeropostale Loss Wider Than Estimates; Outlook Weak
- Wed, 04 Dec 2013 21:35:16 GMT - Teen-apparel retailer Aeropostale Inc. reported a steeper-than-expected third-quarter loss as it continued to grapple with lower sales and increased promotional costs. The company provided a weak earnings guidance for the fourth quarter, sending its shares down about 4 percent in after-hours trade on the New York Stock Exchange.
- Stocks Close Roughly Flat Following Volatile Trading Day - U.S. Commentary
- Wed, 04 Dec 2013 21:23:30 GMT - With a mixed batch of economic data leading to some uncertainty about the outlook for the Federal Reserve's stimulus program, stocks showed a lack of direction throughout the trading day on Wednesday before closing roughly flat. The major averages finished the day on opposite sides of the unchanged line.
- Obama Pledges Renewed Focus On Addressing Income Inequality
- Wed, 04 Dec 2013 19:45:49 GMT - While much of the focus in Washington has recently been on the troubled rollout of Obamacare, President Barack Obama sought to turn the nation's attention to the ongoing problem of income inequality in America in a speech on Wednesday. Obama renewed his pledged to spend the remainder of his time in office focusing on efforts to provide equal opportunity for all Americans.
- Stocks Under Pressure Amid Continued Fed Worries - U.S. Commentary
- Wed, 04 Dec 2013 18:44:21 GMT - Stocks have seen considerable volatility over the course of the trading day on Wednesday as traders digest a mixed batch of economic data. Selling pressure has intensified in recent trading, dragging the major averages firmly into negative territory.
- Stocks Stage Recovery After Seeing Initial Weakness - U.S. Commentary
- Wed, 04 Dec 2013 16:26:54 GMT - After coming under pressure in early trading on Wednesday, stocks have shown a significant turnaround over the course of the session. The major averages have climbed well off their worst levels of the day and into positive territory. Currently, the major averages are posting modest gains, off their highs for the session.
- U.S. Service Sector Activity Grows At Slower Rate In November
- Wed, 04 Dec 2013 15:39:12 GMT - While the Institute for Supply Management released a report on Wednesday showing continued growth in service sector activity in the month of November, the pace of growth unexpectedly slowed. The ISM said its non-manufacturing index fell to 53.9 in November from 55.4 in October, hitting its lowest level since June.
- U.S. New Home Sales Jump 25.4% In October, Coming In Above Estimates
- Wed, 04 Dec 2013 15:17:56 GMT - New home sales showed a substantial increase in the month of October, according to a report released by the Commerce Department on Wednesday, with the increase in sales more than offsetting the decrease seen in September.
The report said new home sales jumped 25.4 percent to a seasonally adjusted annual rate of 444,000 in October after sliding 6.6 percent to 354,000 in September.
- Fed Worries Lead To Initial Weakness On Wall Street - U.S. Commentary
- Wed, 04 Dec 2013 14:46:51 GMT - Stocks showed a notable move to the downside at the start of trading on Wednesday, extending the downward trend seen over the past few sessions. The major averages all slid into negative territory, pulling back further off their recent highs. The major averages have climbed off their lows for the young session but currently remain in the red.
- Brown-Forman Q2 Profit Up 19%, Results Beat View; Reiterates Outlook
- Wed, 04 Dec 2013 14:20:54 GMT - Alcoholic beverage manufacturer Brown-Forman Corp. on Wednesday reported a 19 percent increase in profit for the second quarter from last year, reflecting strong growth in emerging markets and higher margins. Both revenue and earnings per share for the quarter beat analysts' expectations. The company also reaffirmed its earnings and revenue growth guidance for fiscal 2014.
- Jump In Exports Contributes To Narrower U.S. Trade Deficit In October
- Wed, 04 Dec 2013 14:12:53 GMT - Reflecting a notable increase in the value of exports, the Commerce Department released a report on Wednesday showing that the U.S. trade deficit narrowed in the month of October.
The report said the trade deficit narrowed to $40.6 billion in October from a revised $43.0 billion in September. Economist had expected the deficit to shrink to $40.2 billion from.
- National Bank Q4 Adj. Profit Meets View, But Revenues Miss; Boosts Dividend
- Wed, 04 Dec 2013 14:07:30 GMT - Financial services provider National Bank of Canada reported Wednesday a profit for the fourth quarter that declined four percent from last year, hurt by higher net charges. Adjusted earnings per share met analysts' expectations, while quarterly revenues missed their estimates. The company also raised its quarterly dividend and announced two-for-one share split by way of a share dividend.
- Rival Rocket Companies Reach Milestones
- Wed, 04 Dec 2013 14:00:46 GMT - SpaceX's Falcon 9 rocket took off with its first-ever satellite payload, a telecommunications satellite for the Luxembourg company SES, shortly before sundown at Cape Canaveral Air Force Station in Florida.
- Stocks May See Early Weakness Amid Continued Fed Worries - U.S. Commentary
- Wed, 04 Dec 2013 13:54:02 GMT - With upbeat jobs data adding to recent concerns about the outlook for the Federal Reserve's stimulus program, stocks may move to the downside in early trading on Wednesday. The futures are pointing to a modestly lower open for the markets, with the Dow futures down by 22 points.
- U.S. Private Sector Employment Jumps More Than Expected In November
- Wed, 04 Dec 2013 13:35:54 GMT - Private sector employment in the U.S. rose at the fastest pace in a year in the month of November, according to a report released by payroll processor Automatic Data Processing, Inc. (ADP) on Wednesday. ADP said the private sector added 215,000 jobs in November following an upwardly revised increase of 184,000 jobs in October.
- EU Fines 8 Banks EUR 1.71 Bln For Global Interest Rate Benchmark Rigging
- Wed, 04 Dec 2013 12:45:35 GMT - The European Commission Wednesday said it fined 8 banks, including Germany's Deutsche Bank AG, French lender Societe Generale SA and Royal Bank of Scotland Group Plc, a total of 1.71 billion euros for participating in illegal cartels in the interest rate derivatives markets covering the European Economic Area or EEA.
- Wall Street Attempts To Regain Lost Momentum
- Wed, 04 Dec 2013 11:34:15 GMT - Early indications suggest that Wall Street stocks may open slightly higher on Wednesday. Global cues are mixed, with Asian stocks closing mixed and the European markets are seeing lackluster sentiment. With a host of domestic economic catalysts that could drive trading slated for release, the sustenance of the positive mood largely depends on how the numbers pan out.
- Standard Chartered Expects Income To Be 'Broadly Flat' In FY13; Shares Down
- Wed, 04 Dec 2013 10:20:55 GMT - Asia-focused lender Standard Chartered Plc Wednesday announced that it expects income for full year 2013 to be broadly flat on 2012, as difficult market conditions had a significant impact on business performance in the second half, particularly in Financial Markets. The shares are currently down about 6 percent on the London Stock Exchange.
- Tesco Q3 Sales Decline; Says FY Performance In Line With Market View
- Wed, 04 Dec 2013 08:42:42 GMT - British supermarket chain Tesco Plc Wednesday reported a decline in third-quarter Group sales as well as like-for-like sales, but actual sales, excluding petrol, edged up from the prior year. Decrease in UK like-for-like sales reflected a weaker grocery market.
- China Service Sector Growth Eases Modestly, HSBC/Markit Survey Shows
- Wed, 04 Dec 2013 04:32:02 GMT - A gauge of China's service sector performance declined slightly in November, signaling a slight slowdown in business activity, a survey by Markit Economics and HSBC revealed Wednesday. The seasonally adjusted headline services business activity index edged down to 52.5 in November from 52.6 in October. However, the reading above 50 indicated continued expansion of activity in the sector.
- AMBI To Take A Long Route, ETRM Recharged, EXAS Gets Panel Date, OMED Flies High
- Wed, 04 Dec 2013 03:45:48 GMT - Ambit Biosciences (AMBI) dropped more than 22 percent to $9.89 in extended trading on Tuesday, following the company's decision of not to submit a NDA for accelerated approval of its lead drug candidate for the treatment of relapsed/refractory acute myeloid leukemia, Quizartinib, based on phase II and IIb clinical trial data.
- Australia Q3 GDP Expands 0.6% On Quarter
- Wed, 04 Dec 2013 02:00:18 GMT - Australia's gross domestic product was up a seasonally adjusted 0.6 percent in the third quarter of 2013 compared to the previous three months, the Australian Bureau of Statistics said on Wednesday. The headline figure was shy of expectations for an increase of 0.7 percent following the 0.6 percent gain in the second quarter.