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Global financial news, market analysis, economics and forex news

Stamina-Boosting Gases Xenon And Argon Banned
Mon, 01 Sep 2014 11:37:58 GMT - A ban on athletes using stamina-boosting gases - xenon and argon - came into effect on Monday. The World Anti-Doping Agency (WADA) said Hypoxia-Inducible Factor (HIF) activators Xenon and Argon have been added to the 2014 List of Prohibited Substances and Methods List following the required three-month notice period and UNESCO's communication to all States Parties. A recommendation to revise the
UK Factory Growth Slowest In 14 Months
Mon, 01 Sep 2014 09:06:24 GMT - British manufacturing growth eased further in August to its lowest level in 14 months as output and demand increased at slower rates, survey results from Markit Economics showed Monday. The Markit/CIPS Purchasing Managers' Index dropped to 52.5 from a revised 54.8 in July. Economists had expected the score to fall to 55.1 from July's original figure of 55.4.
Crown Holdings To Buy Heineken's Mexican Packaging Unit For $1.225 Bln Cash
Mon, 01 Sep 2014 07:39:48 GMT - Packaging products company Crown Holdings, Inc Monday said it has entered into a definitive agreement with Dutch brewer Heineken N.V., to buy its packaging businesses Empaque in Mexico for a cash consideration of $1.225 billion.
Asian Markets Mostly Trade Higher
Mon, 01 Sep 2014 04:05:58 GMT - Asian stock markets are trading mostly higher on Monday, tracking positive cues from Wall Street where the major averages edged up on Friday on some upbeat economic data. However, gains are just modest in the region following a somewhat disappointing reading on Chinese manufacturing activity in August. Investors are also reacting to some soft economic data from the region.
Crude Oil Ends Higher On Upbeat U.S. Data
Fri, 29 Aug 2014 18:56:57 GMT - U.S. crude oil surged to end higher for a fourth straight session Friday, on demand growth prospects after some upbeat economic data from the U.S. showed consumer sentiment to have improved unexpectedly in August.
Gold Ends Lower On Upbeat Data, Strong Dollar
Fri, 29 Aug 2014 18:33:46 GMT - Gold futures ended lower on Friday, as the dollar strengthened after some upbeat economic data from the U.S. showed consumer sentiment in August to have improved unexpectedly, although consumer spending in July dipped.
U.S. Consumer Sentiment Unexpectedly Improves In August
Fri, 29 Aug 2014 14:05:49 GMT - Reflecting an upward revision from a preliminary reading, Thomson Reuters and the University of Michigan released a report on Friday showing that consumer sentiment unexpectedly improved in the month of August.
GDP Growth Improves More Than Expected
Fri, 29 Aug 2014 13:04:55 GMT - India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.
Consumer Spending Unexpectedly Dips In July
Fri, 29 Aug 2014 12:59:48 GMT - Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame.
India GDP Growth Improves More Than Expected
Fri, 29 Aug 2014 12:58:15 GMT - India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months.
Eurozone Inflation Slows; Jobless Rate Remains Stable
Fri, 29 Aug 2014 12:27:51 GMT - Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
Big Lots Q2 Net Profit Rises, Lifts FY14 Earnings View
Fri, 29 Aug 2014 11:29:33 GMT - Broadline closeout retailer Big Lots, Inc. reported Friday higher net profit in its second quarter with increased net sales and comparable store sales, despite weak margins. Further, the company lifted the lower end of its earnings forecast for fiscal 2014, and backed comps growth view.
Disaster-hit Malaysia Airlines To Cut 30% Staff
Fri, 29 Aug 2014 11:28:22 GMT - The parent company of Malaysia Airlines has decided to trim nearly one-third of its workforce as part of a recovery plan. Khazanah Nasional Berhad, the Malaysian Government's strategic investment fund, announced on Friday a 12-point Recovery Plan to revive Malaysian Airlines. A 30 percent staff reduction means about 6000 employees of the aviation company will become redundant. However, Khazanah
Wall Street Seeking To Rebound Ahead Of Consumer, Manufacturing Data
Fri, 29 Aug 2014 10:31:11 GMT - Trading in the U.S. index futures suggests that Wall Street stocks may open slightly higher on Friday after yesterday's lackluster showing. Asian stocks closed mixed in an uneventful session, while the European markets are trading in a lackadaisical fashion. The domestic markets may now focus on a couple of economic data on consumer spending and regional manufacturing activity.
Tesco Gives Profit Warning; Cuts Interim Dividend; Stock Down
Fri, 29 Aug 2014 07:56:40 GMT - Shares of Tesco Plc. declined around 9 percent in early morning trading on the London stock exchange after the British supermarket chain warned Friday of lower trading profit for its first half and full-year 2015, citing ongoing challenging trading conditions as well as its continuing investment in customer offer. The company also reduced its interim dividend by 75 percent.
Asian Markets Trade Lower On Ukraine Tensions
Fri, 29 Aug 2014 03:52:21 GMT - Asian stock markets are mostly trading lower on Friday, tracking the negative lead overnight from Wall Street and on worries about the escalating tensions between Ukraine and Russia.
Avago Technologies Swings To Q3 Loss, But Tops View
Thu, 28 Aug 2014 21:24:49 GMT - Avago Technologies Ltd. (AVGO) on Thursday reported a swing to third-quarter loss even as revenues almost doubled, as the Singapore-based chip maker hurt by higher research costs and restructuring charges as well as asset write-downs. Nonetheless, the company's adjusted earnings trumped analysts' expectations, as did revenues.
Stocks End Lower; S&P 500 Slides Below 2,000
Thu, 28 Aug 2014 20:23:48 GMT - U.S. stocks finished lower on Thursday, with the S&P 500 snapping a three-session win streak to end below 2,000.
Crude Oil Ends Above $94 On Supply Concerns, Ukraine
Thu, 28 Aug 2014 19:11:10 GMT - U.S. crude oil ended higher for a third straight session Thursday, amid supply concerns and worries over developments in Ukraine, even as crude stockpiles in the U.S. declined more than expected last week.
Gold Ends Higher On Safe Haven, Ukraine Concerns
Thu, 28 Aug 2014 18:27:46 GMT - Gold futures ended higher on Thursday, on its safe haven appeal with investors keeping away from the riskier equity assets, tracking declining U.S. and European markets, even as the situation in Ukraine worsened.
'Apple Of China' To Establish Foothold In India
Thu, 28 Aug 2014 14:26:56 GMT - Xiaomi Corp, the smart phone maker that outsmarted Samsung and Apple premium brands in China, is all set to establish a toehold in India, on a wider plan to conquer other parts of the globe. The decision of the Chinese smart phone maker to establish research and development division in Bangalore is vital as India, along with China and Brazil would account for one third of smart phones users by 201
Jobless Claims Figures Continue To Show Light Layoff Activity
Thu, 28 Aug 2014 13:18:17 GMT - Layoff activity remained subdued last week, according to new government statistics released on Thursday. The figures will likely further fuel hope that the labor market is improving, despite the somewhat sluggish job statistics that were released earlier this month.
Abercrombie & Fitch Q2 Profit Rises, Revenue Misses View
Thu, 28 Aug 2014 12:34:28 GMT - Teen clothing retailer Abercrombie & Fitch Co. (ANF) Thursday reported increased profit for the second quarter, but sales declined and missed expectations. The stock dropped more than 5 percent in pre-market activity.
German Unemployment Increases Unexpectedly; Inflation Lowest Since 2010
Thu, 28 Aug 2014 12:33:55 GMT - Germany's unemployment increased unexpectedly in August as worsening economic activity weighed on job creation. In addition, consumer price inflation, at a four-and-a-half-year low, boosted the scope for more stimulus from the European Central Bank. The number of people out of work increased by a seasonally adjusted 2,000 persons to 2.901 million in August, the Federal Labor Agency reported.
NASA To Develop World's Most Powerful Rocket For Journey To Mars By 2018
Thu, 28 Aug 2014 12:27:10 GMT - NASA has approved the development of the world's most powerful rocket, designed to take humans beyond Earth orbit and to Mars. NASA officials Wednesday announced they have completed a rigorous review of the Space Launch System (SLS) -- the heavy-lift, exploration class rocket under development - and approved the program's progression from formulation to development, something no other exploration
Dollar General Q2 Profit Climbs, Meets View
Thu, 28 Aug 2014 11:54:01 GMT - Discount retailer Dollar General Corp. (DG) Thursday said second-quarter profit increased from the prior year, amid higher revenues. Looking ahead to the full year, the company backed its earnings and revenue forecast, while reducing the lower end of its same-store sales growth forecast.
TD Bank Q3 Profit Climbs On Revenue Strength
Thu, 28 Aug 2014 11:37:59 GMT - Canada's second-largest lender TD Bank Group reported Thursday higher profit in its third quarter, reflecting strong growth in all segments, higher revenues as well as lower provision for credit losses. The company also declared a dividend.
Eurozone Economic Confidence Falls To 8-Month Low
Thu, 28 Aug 2014 11:33:34 GMT - Eurozone economic confidence weakened more-than-expected in August to its lowest level in eight months, underscoring rising pessimism amid heightened geopolitical tensions and stagnating economic recovery. The economic confidence index fell to 100.6 in August, the lowest score since December, from 102.1 in July, the European Commission said Thursday.
Vivendi Gets Higher Offer From Telefonica For Brazil Unit
Thu, 28 Aug 2014 09:38:19 GMT - French conglomerate Vivendi SA announced Thursday that it has received two binding offers for its Global Village Telecom or GVT unit in Brazil, from Telecom Italia S.p.A (TI, TIAOF.PK) and Spanish telecom operator Telefonica SA (TDE.L, TEF). Telefonica's new bid for Vivendi's GVT values 7.45 billion euros.
Bouygues H1 Net Profit Climbs On Gain, Cuts Full-year Revenue Forecast
Thu, 28 Aug 2014 09:18:31 GMT - French conglomerate Bouygues Thursday said its first-half net profit increased significantly from last year due to a capital gain recorded in the period. The company lowered its revenue outlook for the year, after cautioning about the slowdown in public-sector orders in France.

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