BEIJING - GlaxoSmithKline said it expects its performance in China to take a hit from Beijing's probe into bribery allegedly carried out by senior staff, the British drugs firm said Wednesday, and described the matter as "shameful". "Clearly, we are likely to see some impact to our performance in China as a result of the current investigation, but it is too early to quantify the extent of ...
FCA fines RBS to not reporting almost 45mn transactions
LONDON - The UK regulator has fined Royal Bank of Scotland (RBS) 5.6 million pounds for failing to report almost 45 million transactions and incorrectly reporting 804,000 trades made in wholesale markets. The fine relates to the period between November 2007 and February 2013 when the regulators Financial Conduct Authority (FCA) found mistakes in more than 37% of relevant transactions carried ...
Facebook shares rise 18 on back of higher-than-expected mobile ad sales
Social media giant Facebook's shares rose 18 percent as it surpassed market expectations with earnings from mobile ad sales. According to the BBC, Facebook reported profits of 333 million dollars in the second quarter and saw 655.6million dollars in revenue from mobile ads in the three months from April to June. Founder Mark Zuckerberg said that the work they company has done to make mobile ...
UK growth figures to show if recovery is on track - live
Well bred. Chancellor of the Exchequer George Osborne visited Warburtons Bakery yesterday, ahead of new growth data this morning. Photograph: Stefan ...
Spanish Banks In Profit As Jobless Goes Down
A trio of Spanish banks, including bailed out lender Bankia, have posted big jumps in first-half profits - as the latest statistics show the first drop in the jobless for two years. The banks have shown trading gains and lower writedowns on property assets helped a partial recovery from their annus horribilis last year. Spanish bank profits were gutted in 2012 by massive losses on the ...
European markets pause before German UK data
LONDON (Reuters) - European assets were flat in early trade on Thursday as investors trod cautiously before German and British data expected to add weight to signs the continent's economy is ...
South Korea reopens bidding for 8.3 trillion won fighter jet competition
SEOUL (Reuters) - South Korea said on Thursday it will reopen competition for its 8.3 trillion won ($7.43 billion) purchase of 60 next generation fighter jets which had been suspended due to the high prices of bids ...
Nigeria MTN Gets First Nigerian Chief Executive Officer
Michael Ikpoki, currently the CEO of MTN Ghana has been named as the new Chief Executive Officer of MTN Nigeria. Ikpoki replaces Brett Goschen, who took on the role of MTN Group Chief Financial Officer and Executive Financial Director on the Board on Monday. Ikpoki was appointed CEO of MTN Ghana in April 2011 after successfully running MTN Nigeria's Sales and Distribution channel as its ...
Earnings help Britains FTSE hold near 7-week highs
* Good Ifo numbers could lift euro towards 1-month highs* Sterling firmer before UK GDP numbers* NZD up, mkt sees hawkish tint in RBNZ statementBy Anirban NagLONDON, July 25 (Reuters) - The euro rose against the ...
Unilever first-half net profit rises 13 percent
AMSTERDAM -; Unilever PLC, the maker of products including Lipton tea, Ben & Jerry's ice cream, and Axe deodorants, says its first-half net profit for 2013 rose 13 percent compared with the same period last year to 2.7 billion euros ($3.58 billion), despite tough market ...
Caterpillar Outlook Drags Stocks Down
A gloomy outlook from Caterpillar, the world's largest construction equipment company, tugged the stock market lower Wednesday. The meager drop gave the stock market two consecutive days of losses, the first time that's happened in an otherwise strong month. Caterpillar's earnings fell 43 percent in the second quarter as China's economy slowed and commodity prices sank. The ...
Asian stocks retreat from seven-week highs
Sydney - Asian stocks retreated from seven-week highs on Thursday after Wall Street buckled under profit-taking pressure and as investors were wary as the earnings season got under way, while upbeat US economic news helped the dollar snap a three-day ...
Unilever CEO Patchy US outlook
The U.S. is showing signs of recovery but the uncertain outlook could affect Unilever's business in the country, the group's chief executive told CNBC on ...
BRIEF-Logitech opens 10.6 percent higher after earnings
ZURICH, July 25 | Thu Jul 25, 2013 3:02am EDT ZURICH, July 25 (Reuters) - Logitech international SA : * Shares open 10.6 percent higher after ...
Unilevers second-quarter sales growth misses forecasts
UNc.AS ) reported underlying sales growth of 5 percent for the second quarter, just shy of market expectations, and said that growth was slowing in emerging ...
Mixed earnings from the US weighs on stocks Techs perform well
US auction watched as yields hit two year high. European indices are expected to open slightly higher this morning, despite stocks in the US and Asia falling on mixed earnings and a global growth warning from Caterpillar. While US earnings season is still being seen as a success so far, yesterday was pretty mixed, which weighed on investor sentiment. Strong earnings from Apple helped boost the ...
Investors Cautious Ahead of Earnings but Apple Soars 5 Percent
Asian markets were capped from reaching higher levels and moved lower as investors chose to show caution ahead of the earnings season. There are also fresh concerns emerging regarding China's liquidity. Decent economic reports out of both Europe and the U.S. helped to minimize losses. U.S. Home Sales rose by 8.3 percent in June. This is the highest level since May 2008. Also manufacturing ...
Top three drugs boost Roches first-half earnings
Reuters ? The logo of the Swiss drugmaker Roche is seen on a factory in Burgdorf near Bern, Switzerland in this November 17, 2010 file photo. REUTERS/Pascal ...
Caterpillar Q2 Profit Plunges On Inventory Changes Slashes Full Year Outlook
Quote ) Wednesday reported a plunge in profit for the second quarter as sales declined across all segments and regions impacted mainly by changes in dealer inventory. Further, the mining and agricultural equipment maker slashed its annual forecast.Caterpillar CEO Doug Oberhelman said, ''We experienced headwinds during the quarter, and while we had a positive $135 million gain related ...
Futures Movers Oil prices stretch losses ahead of U.S. data
LOS ANGELES (MarketWatch) -- U.S. crude-oil futures fell further Thursday, extending losses into a second straight session as the outlook for energy demand was hurt in part by soft data from ...
Merafe Resources Half-year earnings ?likely to fall 20?
Merafe Resources expected to report a 20 percent drop in earnings for the six months to June compared with the comparable period last year, the company said yesterday. This came after the group was hit by an impairment on its Horizon mine, which is for sale. Merafe expected basic earnings a share of between 1.2c and 1.4c from 5.5c last year. Headline earnings a share were likely be between 3.5c ...
Coca-Cola switches to green for new eco-friendly drink
Coca-Cola has used its distinctive curved script since 1887. And since the 1920s its famous logo has been placed on a red background on the company?s classic ...
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