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Global financial news, market analysis, economics and forex news

Ryanair Profit Climbs On Strong Demand
Tue, 26 May 2015 06:44:17 GMT - Irish low-cost airline Ryanair Holdings PLC reported Tuesday significant increase in fiscal 2015 earnings, as there has been a 11 percent traffic growth and the company was able to contain unit cost. Looking ahead, the company expects that lower unit costs in fiscal 2016 would provide a 10 percent improvement in profits.
European Stocks To See Cautious Start
Tue, 26 May 2015 06:13:04 GMT - The European markets are set to open on a mixed note on Tuesday, with nagging Greek worries and heightened political uncertainty in Spain following local elections likely to keep investor sentiment subdued.
Asian Markets Mostly Higher
Tue, 26 May 2015 03:23:23 GMT - Asian stock markets are mostly higher on Tuesday despite the absence of overnight cues from the U.S. markets that were shut for a holiday. Investors treaded cautiously amid concerns about Greece's debt crisis.
AMGN Calls It Quits On Brodalumab, CBMG Rises On Study Data, SKBI Put On Notice
Tue, 26 May 2015 03:17:07 GMT - Amgen Inc. (AMGN) has called it quits on the deal with AstraZeneca plc (AZN) for co-development and commercialization of Brodalumab, due to events of suicidal ideation and behavior in its clinical program, which the company believes would likely necessitate restrictive labeling for the drug.
European Stocks Retreat On Greek Worries
Mon, 25 May 2015 09:59:03 GMT - The European markets edged lower on Monday after a Greek official said the country may be unable to make a 300 million euro repayment to the International Monetary Fund on June 5 unless there is a deal with creditors. Greece is scheduled to repay EUR1.6 billion ($1.76 billion) to the IMF between June 5-19.
Chinese Shares Lead Asian Markets Higher
Mon, 25 May 2015 08:57:25 GMT - Asian stocks rose broadly on Monday despite weak cues from Wall Street on Friday. A weaker yen and encouraging trade figures underpinned investor sentiment in Japan and higher iron ore prices boosted resource stocks in Australia, while Chinese shares rallied for a fifth straight day after Beijing invited private players to boost infrastructure investment and help stabilize growth. The South Korean and Hong Kong markets were closed for the Buddha's Birthday holiday.
European Stocks Seen Flat Amid Holiday Trade
Mon, 25 May 2015 05:55:07 GMT - The European markets are seen opening largely unchanged on Monday after a mixed session on Friday. Trading activity is likely to be very thin as the U.K. and U.S. markets are shut for the Spring Bank Holiday and Memorial Day, respectively. Parts of Europe will observe the Whit Monday holiday.
Asian Markets Higher Despite Weak Wall Street Lead
Mon, 25 May 2015 03:43:21 GMT - Asian stock markets are mostly higher on Monday despite the weak cues from Wall Street on Friday. A stronger U.S. dollar generated buying in exporters' stocks across the region. However, worries about Greece weighed on sentiment. Meanwhile, the Japanese market got a boost from better-than-exported export data.
U.S. Stocks Lower After Yellen Fuels Rate-Hike Jitters
Fri, 22 May 2015 20:14:17 GMT - U.S. stocks were generally lower Friday after hawkish remarks from Federal Reserve Chair Janet Yellen, who said the central bank will likely raise interest rates this year, as long as economic activity picks up.
Crude Oil Ends Lower As Dollar Strengthens
Fri, 22 May 2015 19:00:21 GMT - U.S. crude oil ended snapped a two-day gain to end lower on Friday, as the dollar strengthened against a select band of currencies with investors weighing the Federal Reserve stand on holding interest rates at zero for the time being.
Gold Ends A Shade Lower On Strong Dollar, Inflation Data
Fri, 22 May 2015 18:09:16 GMT - Gold futures ended a tad lower on Thursday, as the dollar trended higher against a basket of major currencies with U.S. consumer inflation rising strongly, even as investors mulled over the Federal Reserve's minutes of its April meeting related to interest rate hikes.
Raw Tuna Blamed For Salmonella Outbreak
Fri, 22 May 2015 15:28:10 GMT - More than fifty people were infected with pathogenic Salmonella bacteria in a multi-state outbreak in U.S., probably from sushi that used raw tuna fish. Fever, diarrhea and abdominal cramps are the main symptoms, usually after 12 to 72 hours of infection.
Dating Site Hacked, Embarrassing User Details At Risk
Fri, 22 May 2015 15:20:40 GMT - A popular dating website has allegedly been hacked, with the hacker exposing the sensitive personal and sexual details of nearly 4 million users on to the web. UK television station Channel 4 News said it discovered the database as part of an ongoing investigation of the cyber underworld.
Stocks Turning In Another Lackluster Performance - U.S. Commentary
Fri, 22 May 2015 14:45:38 GMT - Following the strength seen in the previous session, stocks are turning in a lackluster performance in early trading on Friday. The major averages are lingering near the unchanged line after ending Thursday's trading modestly higher.
Uber's Self-Driving Car Cruising Around Pittsburgh
Fri, 22 May 2015 14:22:11 GMT - Uber's first experimental self-driving car has been spotted driving around the streets of Pittsburgh. The test vehicle for Uber's self-driving car program is a modified Ford Fusion, with the words 'Uber's Advanced Technologies Center' marked on the side of the vehicle. Uber has confirmed that the vehicle is part of its early research efforts regarding mapping, safety and autonomy systems.
Campbell Soup Q3 Profit Beats View, Sees 2015 Earnings At Top End Of Range
Fri, 22 May 2015 13:22:54 GMT - Campbell Soup Co. on Friday reported a profit for the third quarter that was flat with last year, reflecting lower sales and one-time charges. However, adjusted earnings beat analysts' expectations, while sales missed their estimates. Looking ahead to fiscal 2015, the company now forecasts sales at the lower end of its guidance range and earnings at the higher end of its range.
Draghi Reitrates Call To Accelerate Structural Reforms
Fri, 22 May 2015 12:11:53 GMT - European Central Bank President Mario Draghi reiterated on Friday that euro area economic conditions have improved, indicating a cyclical recovery, and urged the region's governments to make progress on structural reform that is essential to sustain the momentum. "The economic outlook for the euro area is brighter today than it has been for seven long years," he said.
Most Luminous Galaxy In Universe Discovered
Fri, 22 May 2015 11:56:57 GMT - A remote galaxy shining with the light of more than 300 trillion suns has been discovered using data from NASA's Wide-field Infrared Survey Explorer (WISE). It is the most luminous galaxy found to date and belongs to a new class of objects recently discovered by WISE - extremely luminous infrared galaxies, or ELIRGs. "We are looking at a very intense phase of galaxy evolution," said Chao-Wei Tsai
German Business Confidence Drops Slightly; GDP Growth Eases
Fri, 22 May 2015 11:56:37 GMT - German business confidence weakened marginally from a 10-month high in May and the economy grew at a slower pace in the first quarter, as initially estimated, revealed two separate reports released Friday. The business confidence index fell less-than-expected to 108.5 in May from 108.6 in April, according to a survey by Munich-based Ifo Institute. This was the first fall in seven months but the i
Wall Street Nervous After Yesterday's Run Up
Fri, 22 May 2015 10:32:40 GMT - Wall Street stocks may open Friday's session on a nervous note, as indicated by the trading in the U.S. index futures, which point to a narrowly mixed opening. Asian stocks closed higher earlier in the global trading day, while the European markets are seeing mixed sentiment amid the release of final German GDP data and business confidence reading.
Earnings Reported After The Bell May.21
Fri, 22 May 2015 08:04:22 GMT - Here is a quick summary of the earnings reported after the bell on May 21. All these stocks listed below and many more have been researched already, and a few stocks have been short-listed as potential gainers. Click here to find out more...
Richemont FY15 Net Profit Down; Lifts Dividend
Fri, 22 May 2015 06:37:58 GMT - Swiss luxury goods group Compagnie Financiere Richemont AG reported Friday a sharp decline in fiscal 2015 profit. The company attributed the decrease to non-cash, mark-to-market losses on cash, short-term money market investments and derivative instruments relating to its foreign exchange hedging activities. The company lifted its annual dividend.
BoJ Retains Monetary Stimulus As Expected
Fri, 22 May 2015 05:43:36 GMT - The Bank of Japan refrained from easing monetary stimulus further as policymakers assessed that faster economic growth in the first quarter warrants no more immediate actions. The Policy Board of the BoJ governed by Haruhiko Kuroda decided by an 8-1 majority vote to maintain its target of raising the monetary base at an annual pace of about JPY 80 trillion.
OTIC Data No Music To Ears, KMPH's Filing On Track, BIOD For The Long Haul
Fri, 22 May 2015 03:30:06 GMT - Shares of Otonomy Inc. (OTIC) were down more than 18% in extended trading on Thursday after the company announced that its phase IIb trial of OTO-104 in patients with unilateral M‚niŠre's disease narrowly missed achieving statistical significance.
Asian Markets Mostly Higher; Japan Awaits BOJ Rate Decision
Fri, 22 May 2015 03:17:56 GMT - Asian stock markets are mostly higher on Friday, tracking the positive lead overnight from Wall Street. Meanwhile, the Japanese market is edging lower amid cautious trades, ahead of the Bank of Japan's monetary policy decision later in the day.
HP Profit Tops Estimate; Backs FY View
Thu, 21 May 2015 22:44:02 GMT - Computer and printer maker Hewlett-Packard Co. said Thursday after the markets closed that its second quarter profit fell 21% from last year, hurt by lower revenue and costs related to the planned separation of the company. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations, but its quarterly revenue fell short of analysts' forecast.
Intuit Profit Tops Estimates; Lifts FY View
Thu, 21 May 2015 22:13:18 GMT - Accounting software maker Intuit reported a plunge in third-quarter profit, hurt by impairment charges, even as results topped Wall Street estimates, driven by growth in small business segment amid a strong tax season.
Gap Q1 Profit Declines
Thu, 21 May 2015 21:26:44 GMT - Apparel retailer Gap Inc. (GPS), on Thursday reported a drop in profit for the first quarter, as revenues declined three percent, hurt mostly by continued weak sales at its namesake brand and Banana Republic. Both earnings and revenues for the quarter came in short of Wall Street estimates.
Stocks See Modest Strength, S&P 500 Sets New Record High - U.S. Commentary
Thu, 21 May 2015 20:26:02 GMT - Stocks moved modestly higher during trading on Thursday, although buying interest was somewhat subdued. With the upward move, the S&P 500 ended the session at a new record closing high, while the Nasdaq closed just shy of a new high.
Obama: I Don't Think We're Losing To ISIS
Thu, 21 May 2015 19:13:05 GMT - Despite the fall of the key Iraqi city of Ramadi, President Barack Obama does not believe the U.S. is losing its fight against the terrorist group known as the Islamic State or ISIS. Obama acknowledged losing Ramadi to ISIS control was a "tactical setback" but argued the city had been vulnerable for a long time.


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