Evercore set to lose out as Aramco reshuffles IPO roles: sources
18-07-2019, 16:03
By Clara Denina , Davide Barbuscia and Saeed Azhar LONDON/DUBAI (Reuters) - Boutique investment bank Evercore Partners has lost the chance to retain a prime position as an independent advisor for Saudi Aramco's potential $100 billion share sale, as the oil giant revives its postponed listing, three sources said. The Saudi energy minister Khalid al-Falih, who also chairs Aramco, said earlier in July the long-awaited listing could happen in ..
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Stocks - Wall Street Falls as Netflix Drags on Tech Stocks
18-07-2019, 15:18
Investing.com – Wall Street fell on Thursday as Netflix (NASDAQ:NFLX) struck a bitter note to start the tech sector's earnings season. The streaming site missed targets for new subscribers, adding only 2.7 million new subscribers in the second-quarter, compared to guidance of 5 million. The number of its U.S. subscribers fell for the first time in eight years. "The failure of Netflix (NASDAQ:NFLX) to meet its already-low subscriber ..
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Airbus closes in on Air France jetliner deal: sources
18-07-2019, 15:15
By Tim Hepher LONDON (Reuters) - Airbus (PA:AIR) is close to a deal worth billions of dollars to sell dozens of A320neo-family and smaller A220 aircraft to Air France as the French network carries out a keenly awaited renewal of its medium-haul fleet, industry sources said. The deal could include as many as 50-70 Canadian-designed A220 jets, formerly known as CSeries, to replace Air France's aging fleet of roughly 50 A318 and A319 aircraft, ..
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Gold Prices Hit Intraday Lows After Positive U.S. Data
18-07-2019, 15:12
Investing.com - Gold prices hit intraday lows on Thursday after a bout of better-than-expected U.S. data took some of the wind out of hopes for aggressive policy easing from the Federal Reserve. Gold futures for August delivery on the Comex division of the New York Mercantile Exchange, fell $2.45, or 0.2%, to $1,420.85 a troy ounce by 10:06 AM ET (14:06 GMT). Following a similar move seen after strong retail sales on Tuesday, gold prices hit ..
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DoJ may sue to block Sprint, T-Mobile merger: CNBC
18-07-2019, 15:09
WASHINGTON (Reuters) - The U.S. Justice Department would sue to block the merger of T-Mobile US Inc (O:TMUS) and Sprint Corp (N:S) if the parties do not settle next week, CNBC reported on Thursday, citing sources. T-Mobile and Sprint did not immediately respond to Reuters requests for comment. The Justice Department declined to comment. In June, a group of U.S. state attorneys general filed suit to block the merger, arguing that the deal would ..
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Libra launch won't happen until regulators are happy: Coeure
18-07-2019, 15:06
By Francesco Canepa and Leigh Thomas CHANTILLY, France (Reuters) - Global regulators will not let Facebook launch its Libra currency until all their concerns, ranging from money laundering to financial stability, have been addressed and "a prolonged discussion" may be needed first, the man in charge of their response told Reuters. Facebook (O:FB) announced Libra -- a new digital coin backed by four official currencies and available to billions ..
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Russia fines Google for failing to filter search results
18-07-2019, 15:03
MOSCOW (Reuters) - Russia's communications watchdog fined Google (NASDAQ:GOOGL) 700,000 roubles ($11,100) on Thursday for failing to fulfil legal requirements to remove entries from its search results that Moscow believes contain illegal information. ..
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Wall St. set to open flat as trade worries weigh; Netflix tumbles
18-07-2019, 14:18
(Reuters) - U.S. stocks opened lower on Thursday as shares of streaming pioneer Netflix (NASDAQ:NFLX) tumbled, kicking off earnings for the FAANG group of stocks on a sour note. The Dow Jones Industrial Average (DJI) fell 27.87 points, or 0.10%, at the open to 27,191.98. The S&P 500 (SPX) opened lower by 5.55 points, or 0.19%, at 2,978.87. The Nasdaq Composite (IXIC) dropped 33.44 points, or 0.41%, to 8,151.76 at the opening bell. ..
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Pompeo calls China's treatment of Uighurs 'stain of the century'
18-07-2019, 14:15
WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Thursday called China's treatment of its Uighur Muslim minority the "stain of the century" and accused Beijing of pressuring countries not to attend a U.S.-hosted conference on religious freedom. "China is home to one of the worst human rights crises of our time; it is truly the stain of the century," Pompeo told the final day of the international conference in Washington. Pompeo ..
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Netflix shares sink 11%, analysts still see growth
18-07-2019, 14:12
(Reuters) - Wall Street brokerages stuck to a positive outlook on Netflix Inc (O:NFLX) on Thursday, betting that a strong content slate for the rest of 2019 would reverse shock losses in U.S. subscribers in the second quarter that sank its stock price. Shares in the company fell 11% in early trade, as investors worried over lower-than-expected global growth and signs of trouble in its U.S. base. Six brokerages cut their share price targets to ..
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Latest News

Judge rejects U.S. move to disqualify states' lawyer in T-Mobile/Sprint lawsuit
Today, 23:15
By Jonathan Stempel and Diane Bartz NEW YORK/WASHINGTON (Reuters) - A federal judge on Thursday rejected a U.S. government effort to disqualify a lawyer arguing for 15 states and the District of Columbia in their effort to block T-Mobile US Inc's (O:TMUS) planned $26.5 billion takeover of Sprint Corp (N:S). U.S. Magistrate Judge Robert Lehrburger said the Department of Justice waited too long to intervene in the case to try to disqualify ..
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What is the 'fictional narrative' a White House ex-adviser warns against?
Today, 23:12
By Andy Sullivan WASHINGTON (Reuters) - U.S. President Donald Trump's former Russia adviser, Fiona Hill, warned lawmakers in the House of Representatives impeachment inquiry on Thursday against promoting what she called a "fictional narrative https://www.reuters.com/article/us-usa-trump-impeachment/trump-ex-adviser-calls-ukraine-election-interference-theory-fictional-narrative-idUSKBN1XV0I6" that minimizes Russia's attempts ..
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Jordan won't impose new taxes in new 2020 budget: finance minister
Today, 23:09
By Suleiman Al-Khalidi AMMAN (Reuters) - Jordan will not impose new taxes in its proposed 2010 budget but will seek other means including a crackdown on pervasive tax evasion to help boost revenues crucial to lowering record public debt, the finance minister said on Thursday. Mohammad Al Ississ told parliament's finance committee that maintaining "fiscal stability" remained a main concern. The budget is expected to be sent to parliament in ..
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Nordstrom Earnings Beat, Revenue Inline In Q3
Today, 23:06
Investing.com - Nordstrom (NYSE:JWN) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that was inline with forecasts. The firm reported earnings per share of $0.81 on revenue of $3.67B. Analysts polled by Investing.com expected EPS of $0.64 on revenue of $3.67B. That compared to EPS of $0.67 on revenue of $3.75B in the same period a year earlier. The company had reported EPS of $0.9 on revenue of $3.87B in ..
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Chinese antitrust regulator approves Boeing-Embraer deal
Today, 23:03
BRASILIA (Reuters) - A Chinese antitrust regulator has approved Boeing Co's (N:BA) deal to buy a controlling stake in the commercial jet division of Brazilian planemaker Embraer (SA:EMBR3), according to a statement on the regulator's website. The Boeing-Embraer deal appears on a list dated Nov. 19 of transactions "approved unconditionally" that is posted to the website of the Chinese State Administration for Market Regulation's ..
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Gap's quarterly profit beats; says plan to split Old Navy in place
Today, 22:18
(Reuters) - Apparel retailer Gap Inc (N:GPS) nudged past tempered quarterly profit expectations and reiterated its plan to separate Old Navy from the namesake brand. Gap replaced longtime Chief Executive Officer Art Peck with Robert Fisher, a member of the founding family, as its interim head nearly two weeks ago and cut its full-year profit forecast, blaming weak traffic and operating challenges across key brands. "We continue to make ..
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Gold Dips as U.S.-China Trade Yo-Yo Hits Market Again
Today, 22:15
Investing.com - Gold keeps getting yanked around by on-again, off-again U.S.-China talks. On Thursday, the word was those were on again, dealing a fresh blow to gold prices which managed to stay steady in two previous sessions. Gold futures for December delivery on New York’s COMEX settled down $10.60, or 0.7%, at $1,463.60 per ounce. It closed virtually unchanged in the previous session, sliding just a dime. Spot gold, which tracks live ..
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Day Ahead: Top 3 Things to Watch
Today, 22:12
Investing.com - Here's a preview of the top three things that could rock markets tomorrow. 1. Manufacturing, Services, Consumer Data in Focus The economic calendar on Friday includes manufacturing, services and consumer data that will likely offer clues on whether fears that fourth-quarter U.S. economic growth is set to slow have been misplaced. IHS Markit will release its reading on November U.S. manufacturing and services PMIs at 08.30 ET ..
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U.S. stock funds lose $3.6 billion in week: Lipper
Today, 22:09
(Reuters) - U.S. equity funds saw $3.6 billion in outflows in the week ended on Wednesday, according to data released on Thursday by Lipper. U.S. taxable bond funds attracted $12.4 billion, the 15th straight inflow, while U.S. money market funds shed $25.3 billion during the period, the largest outflow since mid April, Lipper data showed. ..
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Ross Stores Earnings, Revenue Beat in Q3
Today, 22:06
Investing.com - Ross Stores (NASDAQ:ROST) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts. The firm reported earnings per share of $1.03 on revenue of $3.85B. Analysts polled by Investing.com expected EPS of $0.97 on revenue of $3.77B. That compared to EPS of $0.91 on revenue of $3.55B in the same period a year earlier. The company had reported EPS of $1.14 on revenue of $3.98B in ..
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