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Financial News from Reuters

  • Omnicom Group Inc, the No. 1 U.S. advertising company, reported a 7.4 percent rise in quarterly revenue, boosted by higher ad spending by businesses in North America. Revenue rose to $3.75 billion in the ...

  • United Technologies posts 3rd-quarter profit rise Reuters - 4 minutes 28 seconds ago

    United Technologies Corp on Tuesday posted a rise in quarterly profit, helped by a tax settlement and profit increases across most of its aerospace and commercial building segments. The diversified U.S. ...

  • The entrance for the Kinder Morgan Tank Farm is pictured in Burnaby

    A Western Canadian pipeline once seen as the best near-term hope for sending more of the country's controversial tar sands crude to Asia has hit another snag: aboriginal communities intent on using the courts to block the proposed expansion. Kinder Morgan Energy Partners' (KMP.N) C$5.4 billion ($4.8 billion) Trans Mountain …

  • LBMA SILVER PRICE OCT 21 SET AT $17.36/OZ

  • Property and casualty insurer Travelers Cos Inc reported a 6 percent rise in quarterly net profit, helped by higher net investment income and a fall in disaster-related losses. The company, a Dow Jones ...

  • Traders work on the floor of the New York Stock Exchange

    U.S. stock index futures were higher on Tuesday, pointing to a fourth straight session of gains, with technology shares especially poised for outperformance following strong results from both Apple Inc ...

  • Justice Department is restructuring its national security prosecution team to deal with cyber attacks and the threat of sensitive technology ending up in the wrong hands, as American business and government agencies face more intrusions. The revamp, led by Assistant Attorney General John Carlin, also marks a recognition …

  • AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. The merger could have been a …

  • * Chipmaker Texas Instruments also posted revenue that beat forecasts, easing concerns about weak industry demand following IBM's results. * Dow components Coca-Cola Co, Verizon Communications Inc, McDonald's Corp and Travelers Co are all scheduled to report results on Tuesday.

  • Asbury Automotive profit jumps 43 pct Reuters - 20 minutes ago

    U.S. auto dealer Asbury Automotive Group Inc reported a 43 percent jump in quarterly profit as it sold more vehicles amid easier availability of credit. Net profit rose to $32.5 million, or $1.08 per share, ...

  • * Rallies as Reuters reports ECB considering corporate bond buys LONDON, Oct 21 (Reuters) - Banks and shares in peripheral countries led a European rally on Tuesday after sources told Reuters the European Central Bank is considering buying corporate bonds to revive the region's economy. The purchases, which the sources …

  • British chipmaker ARM Holdings' predictions of improving smartphone demand and strengthening royalty growth met with a cool stock market response after it fell short of third-quarter revenue expectations on Tuesday. The company that provides the technology that powers the iPhone 6 pointed to Apple's booming sales, but …

  • Investment firm Strategic Value Partners (SVP) has again cancelled the sale of German packaging maker Kloeckner Pentaplast after receiving offers well below its asking price of 1.5 billion euros ($1.9 billion), several people familiar with the matter said. As equity and debt markets weaken, some of the bidders willing …

  • The headquarters of the European Central Bank (ECB) are pictured in Frankfurt

    The European Central Bank is considering buying corporate bonds on the secondary market and may decide on the matter as soon as December with a view to begin buying early next year, several sources familiar with the situation told Reuters. The ECB has already carried out work on such purchases, which would widen out the …

  • Sony Pictures Television agreed to buy 50 percent stakes in two Israeli telenovela cable TV channels from Dori Media Group, the companies said on Tuesday. "This acquisition builds on our strategy to capitalize on channels opportunities around the world, which includes entering new markets," said Andy Kaplan, president …

  • Customers wait their turn to be served in a line at the Delta airlines office in Caracas

    Skyteam alliance partners Air France KLM, Delta Air Lines and Alitalia have offered to give up slots at three airports and made other concessions to try to settle an EU antitrust investigation, the European Commission said on Tuesday. The carriers found themselves in the Commission's sights in January 2012, after the EU …

  • China's leadership unveiled a blueprint for some of the most comprehensive economic and social reforms in nearly 30 years in November 2013. Implementation since then has been slow but steady. China has ...

  • Tesco sales continue to slide -Kantar Reuters - 59 minutes ago

    Sales at Britain's Tesco , the market leading grocer reeling from an accountancy scandal, continued to slide over the last 12 weeks, although the firm has at least stemmed the rate of decline, industry data showed on Tuesday. The data from market researcher Kantar Worldpanel showed Tesco's sales fell 3.6 percent in the …

  • Falling crude oil prices have helped Indian lawyer Pratik Mehra get off the bus and back behind the wheel of his car, cutting his travel time to work by a third. It is a welcome change for the 41-year-old father of two, who disliked using the crowded and erratic bus service to get to work in Gurgaon, a business city near …

  • The euro fell and German Bund yields rose on Tuesday after several sources told Reuters the European Central Bank was considering buying corporate bonds on the secondary market. The ECB may decide on the matter as soon as December with a view to starting purchases early next year, the sources said. The euro sank half …

  • Nielsen and Adobe Systems Inc announced an alliance on Tuesday that aims to measure the viewership of digital video across all Internet-connected platforms including TVs, smart phones and tablets as the television ecosystem undergoes dramatic change. The move for Nielsen, which dominates traditional TV ratings and Adobe, …

  • The Saudi riyal fell sharply against the U.S. Traders said the riyal's peg of 3.75 to the dollar was not under serious pressure, and that the currency's drop did not indicate major concern about Saudi Arabia's economy. Nevertheless, the move suggested that after a long period of strength, financial markets in the Gulf …

  • MOSCOW/LONDON, October 21 Russian local and regional governments' financial flexibility is deteriorating as debt maturities shorten, spreads widen and access to domestic bond markets becomes less reliable, ...

  • Russia's transportation watchdog said on Tuesday that the plane in which the head of French oil major Total, Christophe de Margerie, was killed in a Moscow airport late on Monday crashed in "bad visibility". ...

  • Growth in China's fiscal spending in September quickened to 9.1 percent from a year earlier, data showed on Tuesday, as the authorities try to smooth volatile public spending and keep the economy on an even keel. Selling land to developers is a major source of income for China's regional governments, but this revenue stream …

  • Emerging market stocks held their ground on Tuesday, taking their lead from firmer trading in Europe and on Wall Street and shrugging off China's weakest economic growth data in six years. China's economy ...

  • Christophe de Margerie, CEO of French oil and gas company Total SA, speaks during an interview with Reuters in Paris

    The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow's Vnukovo airport on Monday night. De Margerie's death leaves a void at the top of one of the world's biggest listed oil firms at a difficult time for the industry …

  • The driver of a snow plough involved in a deadly plane crash that killed the chief executive of French oil major Total, Christophe de Margerie, in a Moscow airport late on Monday, was drunk, Russia's Investigative Committee said. "At the moment, it is already established that the driver of the snow plough was in a condition …

  • Russian President Vladimir Putin has sent his condolences over the tragic death of Total's Chief Executive Officer Christophe de Mergerie, the news agency TASS cited Kremlin's spokesman as saying. "Vladimir ...

  • French oil major Total confirmed in a statement that Chief Executive Christophe de Margerie died in a plane collision with a snow plough at Moscow's Vnukovo International Airport shortly after 2000 GMT ...

  • Paris prosecutors opened a manslaughter investigation following the death of Christophe de Margerie, the head of French oil group Total, in a plane crash in Russia, a judiciary source told Reuters on Tuesday. ...

  • Greece had a smaller than previously reported budget deficit last year, the European Union's statistics office said on Tuesday, as it recalculated data under a new accounting system. Eurostat said that Greece had an overall budget deficit of 12.2 percent of gross domestic product in 2013 rather than the 12.7 percent under …

  • A German labor court has rejected an application by Lufthansa for a temporary injunction against the current strike by pilots. The Frankfurt-based court said in a statement on Tuesday that the strike was ...

  • Japan's Nippon Life Insurance will "have no choice" but to invest more in foreign bonds if yields on domestic ones remain too low, a company official said on Tuesday. Nippon Life, Japan's largest private insurer with total assets of about 58 trillion yen ($544 billion), said at the start of the 2014/15 financial year in …

  • The European Union's Statistics Office released revised data on government deficit and debt in the 18 countries sharing the euro in 2013 and in the wider European Union of 28. The revisions are a result ...

  • Russian Energy Minister Alexander Novak said on Tuesday he hopes to finalise gas agreement during a trilateral meeting later in the day in Brussels, Interfax news agency reports. Last week, Russian President ...

  • A pedestrian uses his mobile phone as he walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

    China's economy grew 7.3 percent in July-September official data showed, slightly above the 7.2 percent forecast by analysts. The Australian dollar (AUD=D4), often seen as a liquid proxy of Chinese growth prospects given Australia's large trade exposure, got a lift from Beijing's data, while the U.S. Federal Reserve will …

  • D Reuters - 2 hours 33 minutes ago
  • * China growth slows, but economy grew slightly more than expected China's economy grew 7.3 percent in July-September official data showed, slightly above the 7.2 percent forecast by analysts. The Australian dollar, often seen as a liquid proxy of Chinese growth prospects given Australia's large trade exposure, got a lift …

  • * China growth weakest in five years in Q3 * Liquidity drought adds to peripheral sell-off * Corporate woes weigh on Portugal By John Geddie LONDON, Oct 21 (Reuters) - Cautious investors shed low-rated euro zone bonds in favour of safe-haven German equivalents on Tuesday, as slowing Chinese growth added to concerns over …

  • European shares inched up in choppy trade on Tuesday morning, trimming the previous session's losses as better-than-expected quarterly sales from Apple helped soothe worries over corporate results. Gains were limited, however, after data showing China's economic growth slowed in the third quarter to its weakest since the …

  • Apple CEO Tim Cook looks at a new IMac after presentation at Apple headquarters in Cupertino

    BOSTON/BEIJING (Reuters) - Apple Inc's (AAPL.O) iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. Using what is called a "man-in-the-middle" (MITM) attack, the …

  • * Overall fall in growth rate weighs on stocks, risk appetite * Dollar retreats against the yen (Updates after start of European trade, changes dateline from previous SINGAPORE) SINGAPORE, Oct 21 (Reuters) - The Australian dollar gained as much as half a percent on Tuesday after growth figures from China slightly exceeded …

  • Barrier tape of German airline Lufthansa is seen at Munich airport

    FRANKFURT/BERLIN (Reuters) - Lufthansa's (LHAG.DE) pilots' union said it could call for further strikes this week if the German airline fails to resume negotiations over retirement benefits, heaping pressure on management as the eighth walkout this year continued. Lufthansa pilots began a strike at 7:00 a.m. EDT on Monday …

  • Growth in China real estate investment slowed in the first nine months of 2014, while property sales and new construction tumbled, helping to drag broader economic growth to a near six-year low. Real estate investment, which affects more than 40 other sectors from cement to furniture, rose 12.5 percent in January- September …

  • European shares fell in early trading on Tuesday, adding to the previous session's losses as data showing a slowdown in Chinese economic growth kept investors on edge, offsetting better-than-expected quarterly ...

  • British chip designer ARM Holdings reported disappointing royalty revenue in the third quarter, resulting in a 12 percent rise in total revenue to $320.2 million, just short of market expectations of $326.3 million. The company, which reports royalty revenue a quarter in arrears, said market data underpinned the short-term …

  • Asian shares languished after giving up small gains on Tuesday, as modest relief on data showing the Chinese economy grew slightly more than expected was replaced by lingering concerns of weakening momentum ...

  • Japanese stocks fell on Tuesday, with the market latching on to comments from the welfare minister on the country's public pension fund as an excuse to take profits from outsized gains the previous day. ...

  • File photo of employees working at a shoe factory in Lishui

    China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world's second-largest economy is becoming a drag on global growth. A pick-up in factory output and government confidence that the labor …

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