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(27-04-2011)
  • Shire earnings rise on strong Vyvanse demand
    LONDON (Reuters) - Strong demand for hyperactivity treatment Vyvanse helped lift first-quarter earnings 12 percent at Shire , the London-listed drugmaker that is buying U.S. rare diseases firm Baxalta for $32 billion (21.87 billion pounds). Quarterly non-GAAP earnings per share of $3.19 on revenue up 17 percent to $1.71 billion compared with analysts' consensus forecasts of $3.05 and $1.69 billion, respectively, the company said on Friday. "Shire is off to a strong start in 2016," said CEO Flemming Ornskov. ...More

  • China's Xi says economy had good start to 2016 but faces pressure - media

    China's President Xi Jinping delivers a speech at the opening ceremony of the fifth regular foreign ministers' meeting of the Conference on Interaction and Confidence Building Measures in Asia (CICA) at the Diaoyutai State Guesthouse in BeijingChina's economy has had a good start to 2016 and continues to operate within a reasonable range, but still faces relatively large downward pressure, President Xi said on Friday according to state radio. China will strive to have a healthy stock market, and increase regulation to protect investors, Xi was reported to have said. China will have a flexible, two-way foreign exchange policy and keep the yuan basically stable, he added, while the government will also introduce urbanisation reform which will help absorb housing inventories.


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  • British funds raise stock holdings in April

    A man smokes a cigarette outside The London Stock ExchangeBy Claire Milhench LONDON (Reuters) - British funds raised their equity holdings in April off March's five-year lows, chasing the global stock market rally that has continued into the second quarter thanks to loose central bank policies. UK asset managers have been in a broadly risk-averse mood this year, with many positioning for Britain to exit the European Union after a June referendum by selling equities and raising cash and bond holdings in portfolios. This, in conjunction with continued stimulus from the European Central Bank and the Bank of Japan's January decision to adopt negative interest rates, has driven global stocks almost 17 percent higher in the past three months .


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  • Global funds raise equity holdings as rally continues

    Traders work on the floor of the NYSEBy Claire Milhench LONDON (Reuters) - Investors raised their equity holdings in April from March's five-year lows, taking the view that the global stock market rally will continue as long as central banks maintain their loose monetary policies, a Reuters poll showed on Friday. The moves higher in global stock markets have been accompanied by a recovery in oil prices to over $48 a barrel, receding worries about the Chinese economy, and the U.S. Federal Reserve indicating it is in no hurry to tighten policy.


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  • China's Xi says economy had good start to 2016 but faces pressure

    Chinese President Xi Jinping goes down the stage after a speach on the opening ceremony of CICA, at Diaoyutai State Guesthouse in BeijingChina's economy has had a good start to 2016 and continues to operate within a reasonable range, but still faces relatively large downward pressure, President Xi said on Friday according to state radio. China will strive to have a healthy stock market, and increase regulation to protect investors, Xi was reported to have said. China will have a flexible, two-way foreign exchange policy and keep the yuan basically stable, he added, while the government will also introduce urbanisation reform which will help absorb housing inventories.


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  • AstraZeneca first-quarter revenue up, earnings down
    (ShareCast News) - AstraZeneca posted a drop in first-quarter earnings but a rise in revenue as core research and development costs increased, reflecting recent acquisitions.More

  • London open: Stocks fall as investors wade through earnings
    (ShareCast News) - UK stocks declined on Friday as investors sifted through corporate earnings from a batch of FTSE 100-listed companies.More

  • Yen's best week since 2008 crisis hits stocks and dollar

    Japanese 10,000 yen notes line up in Tokyo, in this picture illustrationBy Jamie McGeever LONDON (Reuters) - The yen hit an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, culminating in a sharp rise on the week that dragged stocks around the world lower. With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. It was around 112.00 before the BOJ unexpectedly held policy steady earlier this week.


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  • Drugmaker AstraZeneca's earnings fall, hit by patent expiries
    AstraZeneca's underlying earnings fell 12 percent in the first quarter, broadly in line with analyst expectations, hit by drug patent expiries. Revenue at the British drug company rose 1 percent in dollar ...More

  • Asian stocks mixed after Wall Street slide

    Asian stocks mixed after Wall Street slideBEIJING (AP) — Asian stocks were mixed Friday after Wall Street slid and Japan's central bank surprised markets by putting off possible additional stimulus.


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  • Australia shares rise as banks ride rate cut hopes, NZ also firmer
    Australian shares ignored Wall Street's downbeat cue to rise on Friday as resources stocks rode a commodity rally higher and banks firmed on hopes of a rate cut. New Zealand shares also gained. Base metals, ...More

  • Wall Street sinks on BOJ fears, Icahn comments

    Traders work on the floor of the NYSEThe benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Wall Street dipped further late in the day, led by a decline in Apple stock. Shares of Apple, already suffering from disappointing earnings, took another hit after billionaire investor Carl Icahn said he no longer has a position.


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  • US STOCKS-Wall St sinks on BOJ fears, Icahn comments
    The benchmark S&P 500 had its worst day in three weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Wall Street dipped further late in the day, led by a decline in Apple (LSE: 0R2V.L - news) stock. Shares (Berlin: DI6.BE - news) of Apple, already suffering from disappointing earnings, took another hit after billionaire investor Carl Icahn said he no longer has a position.More

  • Shire's Q1 earnings and revenue beat expectations
    (ShareCast News) - Pharmaceutical company Shire posted better-than-expected first-quarter revenue and earnings on Friday as it said its acquisition of US-based Baxalta was on track.More

  • TSX dips as financials drag; gold stocks rally

    A man walks past an old Toronto Stock Exchange sign in TorontoBy Fergal Smith TORONTO (Reuters) - Canada's main stock index edged slightly lower on Thursday as losses for financials and other sectors offset gains for gold miners and Bombardier Inc after the company won a large plane order. The index has rallied 20 percent since January but has been unable to climb back above the 14,000 threshold. It moved back in reach of that level on Thursday before turning lower as losses on Wall Street deepened after the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors. The rally in gold and oil helped the index outperform U.S. ...


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  • Carl Icahn says he sold entire Apple stake on China woes - CNBC

    Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New YorkBillionaire activist investor Carl Icahn said Thursday he had sold his entire stake in Apple Inc , citing the risk of China's influence on the stock. Icahn, in an interview with cable television network CNBC, also said he was "still very cautious" on the U.S. stock market and there would be a "day of reckoning" unless there was some sort of fiscal stimulus. Icahn had been a huge cheerleader of Apple, acquiring a stake in the company almost three years ago, repeatedly calling the investment a "no brainer." In an open letter to Apple Chief Executive Officer Tim Cook in May 2015, Icahn had argued that shares of the iPhone maker were worth $240, about 90 percent more than they had been trading.


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  • Abbott deal for St. Jude spurs company split talk
    When Abbott Laboratories said on Thursday it would buy heart device company St. Jude Medical Inc for $25 billion, it set off a flurry of Wall Street speculation over whether Abbott Chief Executive Miles White is laying groundwork to split the company yet again. Three years ago, White spun off Abbott's fast-growing branded drugs business into a new company, AbbVie, buoyed by top-selling arthritis medicine Humira, which helped AbbVie shares double. Abbott retained medical devices, nutritionals, diagnostics and some generic medicines.More

  • Facebook in class of its own as ad revenue soars

    The sun rises behind the entrance sign to Facebook headquarters in Menlo Park before the company's IPO launch,Wow. After underwhelming results from Apple Inc , Google Inc and other big tech names, investors finally found a friend in Facebook Inc after the company shredded Wall Street's forecasts for revenue, profit and user growth. Facebook's shares, which touched a record high of $120.79 on Thursday, closed up 7.2 percent at $116.73, giving a $22 billion boost to the social networking company's market value.


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  • Exclusive - Europe utilities, private equity jostle for Eni's $3.4 billion retail unit

    A logo of the ENI is seen at the petrol station in RomeBy Pamela Barbaglia and Stephen Jewkes MILAN (Reuters) - Three major European utilities are lining up rival bids for a big chunk of Italian oil major Eni's retail gas and power business, sources said, in a deal that could be worth up to $3.4 billion (2.3 billion pounds) and reshape the Italian retail energy industry. French power giant EDF's Italian unit Edison, Spain's Gas Natural and Britain's Centrica have all expressed interest in the asset, which would offer access to 10 million customers, mostly in Italy, sources familiar with the matter said. Eni has hired Wall Street bank Goldman Sachs to sell the business so it can cut debt and sharpen its focus on finding oil and gas.


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  • Fiat Chrysler, Alphabet in technology partnership talks - WSJ

    The Fiat logo is pictured at a car dealership at Motor Village in Los AngelesREUTERS - Fiat Chrysler Automobiles NV is in late-stage talks with Alphabet Inc's self-driving car division for a technology partnership, the Wall Street Journal reported, citing a person familiar with the discussions. The talks have been ongoing for several months, the Journal reported, as Alphabet seeks industry partnerships, offering a deal to sell self-driving car technology. Alphabet and Fiat Chrysler declined to comment. ...


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