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Financial News from Reuters

  • PRESS DIGEST - Hong Kong - Sept 3 Reuters - 12 minutes ago

    These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST - The familiar cabin announcement ...

  • Sales of new vehicles in Australia fell in August from July but were still on track to top 1.1 million for the year as a whole, industry data showed on Wednesday. The Australian Federal Chamber of Automotive ...

  • China's services sector expanded at the strongest pace in 17 months in August as new business rebounded after a sharp slowdown in July, a private survey showed on Wednesday. We think policymakers should use further easing measures to help support the recovery," said Qu Hongbin, chief China economist at HSBC. Earlier on …

  • Opponents of California's controversial $68 billion high-speed rail project petitioned the California Supreme Court on Tuesday, arguing a court of appeals decision ignored the financial protections of voters. The plaintiffs, which include a farmer, a landowner and Kings County, requested the state's Supreme Court examine …

  • * Aug official services PMI rises to 54.4 from 54.2 in July * Sub-index of new export orders rise * Suggests services more resilient than manufacturing (Adds details) BEIJING, Sept 3 (Reuters) - Activity in China's services sector recovered slightly in August, a government survey showed on Wednesday, suggesting the sector …

  • General Electric Co's healthcare unit last week won U.S. Food and Drug Administration approval for its mammography device that produces three-dimensional images to detect breast cancer. According to the ...

  • Tropical storm Dolly was expected to make landfall on Mexico's northeast coast on Tuesday night, the U.S. National Hurricane Center (NHC) said, bringing up to 15 inches (38 cm) of rain and life-threatening flash floods. In a statement, Mexican state oil giant Pemex said it was keeping an eye on Dolly and if needed would …

  • Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo

    Apple Inc has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. In the wake of the breach, cybersecurity experts and mobile developers have called out inadequacies in Apple’s and, more generally, cloud-services security. Thousands have taken to Twitter to express their frustrations …

  • PT Bank Tabungan Pensiunan Nasional , a mid-sized lender controlled by Sumitomo Mitsui Banking Corp , has secured a loan worth $200 million from the International Finance Corp to support its financing ...

  • Activity in China's services sector recovered slightly in August, with the official purchasing managers' index (PMI) for the industry rising to 54.4 from a six-month low of 54.2 in July, a government survey showed on Wednesday. The official non-manufacturing purchasing managers' index (PMI) was published by the National …

  • * Strong response needed, says incoming EU foreign policy chief BRUSSELS/DONETSK, Ukraine, Sept 2 (Reuters) - EU officials proposed sanctions on Tuesday to starve Russian firms of cash as punishment for Moscow's role in Ukraine, where rebels said they were storming Donetsk airport, potentially their biggest prize since …

  • A man stands in front of an electronic board, showing the various stock prices, outside a brokerage in Tokyo

    Asian shares inched lower early on Wednesday after a lackluster day on Wall Street, while the dollar was close to 14-month highs against a basket of major currencies after data underscored that the U.S. The Institute for Supply Management said its U.S.

  • The British government said it would sign a deal worth 3.5 billion pounds ($5.76 billion) on Wednesday with General Dynamics for new armoured fighting vehicles, its biggest single order for such vehicles in over 30 years. Prime Minister David Cameron will sign the defence contract for 589 new armoured fighting vehicles …

  • PRESS DIGEST- Financial Times - Sept 3 Reuters - 1 hour 54 minutes ago

    The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines LUXOTTICA'S LEONARDO DEL VECCHIO EYES ACQUISITIONS ON HIS ...

  • * Dollar approaches 2014 peak against yen, dollar index rises The Institute for Supply Management said its U.S.

  • * Funding round led by Shamrock Capital * Private equity firm KKR is new investor * FanDuel could look at IPO in next two or three years-CEO NEW YORK, Sept 2 - FanDuel, a startup that runs real-money fantasy sports leagues, said Tuesday it has raised $70 million in a funding round led by Shamrock Capital that also includes …

  • An overall view of the assembly line where the BMW X4 is made at the BMW manufacturing plant in Spartanburg

    "Things continue to fall into place for our view that growth should accelerate in the year's back half," said Dan Greenhaus, chief strategist at BTIG in New York. The Institute for Supply Management (ISM) said its index of national factory activity rose to 59.0 last month, the highest reading since March 2011, from 57.1 …

  • PRESS DIGEST- British Business - Sept 3 Reuters - 2 hours 20 minutes ago

    The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times CITY LAWYERS FACE ARREST IN CRACKDOWN ...

  • Detroit will not recover, and it may not survive as a major city if its debts are not significantly reduced during bankruptcy, a city attorney told a federal judge at the start of a critical phase of the case on Tuesday. As Detroit's state-appointed emergency manager Kevyn Orr looked on in the courtroom, Bruce Bennett, …

  • * Dollar index rises to 14-month highs Commodity currencies such as the Australian and New Zealand dollars also lost ground against their U.S.

  • United Technologies Corp this week will begin testing a design change to fix the problem that caused a massive engine failure on a Lockheed Martin Corp F-35 fighter jet in June, according to two sources familiar with the program. The failure of Pratt & Whitney's F135 engine grounded the entire F-35 fleet for several weeks …

  • The United Kingdom's Serious Fraud Office plans to make more arrests in its investigation against bribery allegations at jet-engine maker Rolls-Royce Holdings Plc, the agency's director David Green said ...

  • The Department of Transportation rejected the airline's December 2013 request for an exemption that would have expedited its entry into the U.S. Regulators now will undergo an exhaustive review to determine whether Norwegian Air International may fly to the United States, the Department of Transportation said. Norwegian …

  • NEW YORK/CHICAGO, Sept 2 (Reuters) - Commodity merchant Cargill Inc said on Tuesday it will buy the global chocolate business of its rival Archer Daniels Midland Co for $440 million in a move to expand its production capacity in North America. The deal, which includes three North American chocolate plants and three in …

  • The European Central Bank's landmark review of euro-zone banks will have to ask lenders to raise an additional 51 billion euros to be credible with markets, a Goldman Sachs survey of large institutional investors has found. The survey of 125 institutional investors from across the globe also found that nine of the 130 …

  • Apple logo is pictured inside the newly opened Omotesando Apple store at a shopping district in Tokyo

    The week before a crucial launch of its new iPhone, Apple Inc said intimate photos of celebrities including Oscar-winner Jennifer Lawrence were leaked online through the apparent hacking of individual iCloud accounts. Apple rushed to restore confidence in its systems' security, saying the celebrity photo scandal that also …

  • TouchTunes, whose investors include British private equity firm 3i and venture capital firm VantagePoint Capital Partners, is working with investment bank Moelis & Co to help find a buyer, said the people, who asked not to be named because the matter is not public. TouchTunes, which is run by veteran music executive Charles …

  • Pratt said that A&P Alloys Inc, in West Bridgewater, Massachusetts, "intentionally submitted certifications falsely representing the pedigree and quality of its material," according to court documents filed in U.S. Representatives of Pratt and the F-35 program office both said last week the material did not pose a risk …

  • Van Beurden, chief executive officer of Royal Dutch Shell, gestures during a meeting with Russian President Putin at the Novo-Ogaryovo state residence

    "Policymakers here in the United States should embrace a truly liberalized, diverse and global energy market," Shell Chief Executive Officer Ben van Beurden told an energy conference at Columbia University in New York. The United States has banned most crude exports since the Arab oil embargo of the 1970s.

  • To match Special Report SEC/INVESTIGATIONS

    Robare Group Ltd received a percentage of every dollar that its clients invested in the mutual funds, the SEC said in the complaint. The conflict of interest, which was unknown to investors, generated about $440,000 in additional revenue for the firm, the SEC said. We intend to defend the allegations vigorously," said …

  • Crescent Point Energy Corp said on Tuesday that it had reached a C$378 million ($346 million) deal to buy producing conventional oil assets in Saskatchewan and Manitoba, along with undeveloped land, from Lightstream Resources Ltd. Crescent Point said the assets it is acquiring are free cash flowing, producing some 3,300 …

  • The company is working with an investment bank on the sale, the report said. Oracle has declined to buy the company, one person told Bloomberg. The stock closed at $100.95 on the Nasdaq on Tuesday, valuing the company $5.7 billion. Concur spokeswoman Danielle Adams said the company does not comment on rumors or spec …

  • Goldcorp Inc has suspended mining at its El Sauzal mine in Mexico as a safety precaution after instability in the pit wall, the Canadian-based gold mining company said on Tuesday. The mine, which is in its final year of active mine life, is experiencing movement in the highwall slope of the Trini pit, Goldcorp said.

  • OSI Group, the U.S.-based supplier at the center of a food safety scandal in China, has handed control of one of its plants there indefinitely to a subsidiary of competitor Golden State Foods Corp, a Golden State spokeswoman said on Tuesday. California-based Golden State, one of the world's biggest suppliers to fast food …

  • Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a more than seven-fold rise in quarterly profit, helped by higher investment banking revenues. The bank's preliminary net ...

  • Signage for a BP petrol station is pictured in London

    BP Plc (BP.L) asked a U.S. District Court in New Orleans said the lawyer, Patrick Juneau, lacks neutrality because he had advocated for claimants before the court appointed him to run the claims program. It was the latest in a series of legal challenges filed by the London-based oil major, which has complained previously …

  • National flags of Switzerland fly over the entrance of the headquarters of Swiss bank Credit Suisse in Zurich

    Credit Suisse (CSGN.VX) said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday. The Wall Street Journal, citing sources familiar with the matter, said the Swiss bank had suspended an employee as part of an internal probe into electronic communications. The newspaper said …

  • Former Sino-Forest Corp executives wilfully defrauded investors using elaborate schemes that artificially inflated the collapsed forestry company's valuation, prosecutors with Canada's biggest securities watchdog said on Tuesday. At the opening of an Ontario Securities Commission (OSC)hearing, prosecutor Hugh Craig said …

  • Venezuela has lashed out at new U.S. "For lies and manipulations against President @NicolasMaduro in the series "Legends" we're requesting (National Telecoms Commission) Conatel open an investigation," Information Minister Delcy Rodriguez said in a tweet late on Monday night. "The producers did not intend to imply that …

  • Buckeye Partners LP said it would pay $860 million for 80 percent of Trafigura AG's membership interests in certain midstream assets linking South Texas to the Gulf Coast. Buckeye Texas Partners will run ...

  • The Aston Martin DB5 made famous in the James Bond movies are displayed after restoration in Luzern

    Aston Martin dealers say they are in danger of closing if federal regulators refuse to give them an exemption to safety rules that would allow them to keep selling all four models the British luxury sports car maker produces. Aston Martin dealers cannot sell DB 9 and Vantage models produced after Aug. 31. The 101-year-old …

  • Canadian heavy crude differentials narrowed on Tuesday on tightened supply and the possibility of strong demand for the oil to fill a new pipeline project. In the first day of the September trading window, Western Canada Select heavy blend for October delivery last traded at $14.00 per barrel below the West Texas Intermediate …

  • A pedestrian walks past shoppers lined up to wait for the opening of an Abercrombie & Fitch store in New York

    Abercrombie agreed to appoint a chief ethics and compliance officer, tie executive pay more closely to performance, bolster anti-corruption compliance training, and limit access to nonpublic data to Jeffries' partner and other third parties, among other provisions, court papers show. A Florida pension plan, the City of …

  • A group of Republican lawmakers on Tuesday accused U.S. The lawmakers, led by Representative Scott Garrett of New Jersey, said that in trying to identify companies so large that their failure could pose a potential threat to financial markets, regulators have considered more analysis and public feedback on asset management …

  • Drugmaker Tetraphase Pharmaceutical Inc said its experimental drug to treat complicated urinary tract infections compared favorably to standard treatment in the first portion of a two-part late-stage trial. ...

  • Canada's main stock index dipped marginally on Tuesday as tumbling resource stocks, hurt by falling oil and gold prices, offset gains in financial and industrial stocks. "It's continued expectation that we'll be in this Goldilocks recovery, which is growth, but not growth that's going to be robust," said Paul Taylor, chief …

  • Trader Fred DeMarco works on the floor of the New York Stock Exchange

    U.S. stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data. The S&P energy index ...

  • Location of "Autobot Optimus Prime" truck from the movie "Transformers: Age of Extinction" is displayed on the Uber App in West Hollywood

    A German regional court has issued a temporary injunction against Uber, the fast-growing, U.S.-based online chauffeur service which is no stranger to legal challenges from taxi-cab rivals and regulators around the globe. In its ruling, the Frankfurt Regional Court said the company could no longer offer its phone apps to …

  • U.S. stocks ended mostly lower on Tuesday, retreating from records set the previous month, as falling crude oil prices dragged energy shares down and offset strong manufacturing data. The S&P energy index ...

  • Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported preliminary net profit of $82 million for the third quarter, helped by higher investment banking revenues. Total net revenue ...

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