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EUROPE MARKETS: European Stocks End Lower Amid Strong Factory Activity
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Wednesday, 23 August
U.S. new home sales fall to seven-month low
2h ago - WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months, which could raise concerns of a slowdown in the housing market recovery.
RBC lifts profit, helped by wealth management strength
1h ago - TORONTO (Reuters) - Royal Bank of Canada on Wednesday reported a rise in third-quarter profit, helped by double-digit growth at its wealth management business which offset a weaker showing in its capital markets unit. Net income at Canada's biggest lender, excluding one-off items such as a gain on the sale of its home and auto insurance business last year, increased to C$2.8 billion ($2.2 billion) for the quarter to June 30, 5 percent higher than a year earlier.
FREEPORT-MCMORAN : How Much Higher Can FCX Climb?
10h ago - A week ago, we noted to keep a close eye on Freeport-McMoRan Inc. The chart pattern argued for the price to thrust into a new upleg after completing a 3-week correction.
Massive California verdict expands J&J's talc battlefield
6h ago - NEW YORK (Reuters) - A massive California verdict in a lawsuit alleging Johnson & Johnson's talc-based products cause cancer has opened a new front in the litigation, upending the company's hopes that the cases were only gaining traction in Missouri, legal experts said.
Hyundai will launch pickup, more SUVs to reverse U.S. sales slide
15h ago - DETROIT/SEOUL (Reuters) - Hyundai Motor plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker's most important markets, a senior company executive told Reuters.
China Unicom Plans US$11.25 Billion Share Sale
16h ago -
Lowe's misses earnings estimates, forecasts slower margins growth
1h ago - (Reuters) - Lowe's Companies Inc (>> Lowe's Companies) reported lower-than-expected quarterly earnings on Wednesday and warned of slower growth in profit margins as it spends more on marketing and staffing to take advantage of a robust home improvement market.
Russian court orders Sistema to pay Rosneft $2.3 billion in damages
1h ago - MOSCOW (Reuters) - A Russian court ruled on Wednesday that the Sistema (>> AFK Sistema PAO) conglomerate should pay more than 136 billion roubles ($2.3 billion) to oil major Rosneft (>> NK Rosneft' PAO) over the acquisition of the Bashneft (>> ANK Bashneft' PAO) oil producer, Sistema said. The court battle, initiated by state-owned Rosneft, has rattled Sistema's shareholders, and rekindled broader fears about investor rights in Russia.
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