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Departing Boeing CEO's board status faces Friday vote by shareholders

Departing Boeing CEO's board status faces Friday vote by shareholders May 17 (Reuters) - Boeing BA.N shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker. Former Qualcomm QCOM.O chief Steve Mollenkopf will make his first public appearance as chairman at the virtual gathering.
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The Dow's climb to a record 40,000 points

GRAPHIC-The Dow's climb to a record 40,000 points By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK, May 17 (Reuters) - The Dow Jones Industrial Average .DJI , a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history. The record on the Dow - as well as fresh records on the S&P 500 .SPX and Nasdaq Composite .IXIC earlier this week - come as investors grow more confident that the U.
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Departing Boeing CEO's board status faces Friday vote by shareholders

Departing Boeing CEO's board status faces Friday vote by shareholders May 17 (Reuters) - Boeing BA.N shareholders will vote on Friday whether outgoing CEO Dave Calhoun should remain on the board, adding intrigue to an annual general meeting (AGM) where investors are expected to seek clarity on future leadership of the planemaker. Former Qualcomm QCOM.O chief Steve Mollenkopf will make his first public appearance as chairman at the virtual gathering.
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China stock edge down as property, consumer data disappoints; HK higher

China stock edge down as property, consumer data disappoints; HK higher By Summer Zhen HONG KONG, May 17 (Reuters) - China stocks struggled for direction on Friday and inched lower by midday as a slew of domestic data showed that growth prospects for the world's second-largest economy remain challenging. China's factory output topped forecasts in April, while retail sales unexpectedly slowed and new home prices fell at fastest pace in over 9 years, piling pressure on Beijing to do more to suppor
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India's Krishna Institute of Medical Sciences down on Q4 profit drop

BUZZ-India's Krishna Institute of Medical Sciences down on Q4 profit drop ** Shares of Krishna Institute of Medical Sciences (KIMS) KRII.NS fall as much as 3.3%, last down 1.2% at 1,905.85 rupees ** Healthcare provider's Q4 profit falls ~30% YoY ** KIMS, rival Max Healthcare Institute MAXE.NS both rated "buy" on avg - LSEG data ** YTD, KIMS down 3.

UK Stocks-Factors to watch on May 17

UK Stocks-Factors to watch on May 17 May 17 - Britain's FTSE 100 .FTSE index is seen opening lower on Friday, with futures FFIc1 down 0.2%. * HALEON: British drugmaker GSK GSK.L said it plans to sell about 385 million shares, representing its entire shareholding, in spun-off consumer healthcare business Haleon HLN.L . * HSBC: HSBC's HSBA.L , 0005.HK largest shareholder, China's Ping An Insurance 601318.SS, is mulling options to reduce its 8% stake in the Asia-focussed lender, Bloomberg News repo
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India's Triveni Turbine hits record high on Q4 profit climb

BUZZ-India's Triveni Turbine hits record high on Q4 profit climb ** Shares of Triveni Turbine TRVT.NS up 6.2% to a record 642.4 rupees ** Stock on track for best day since April 1 ** Steam turbine maker's Q4 profit rose ~37% Y/Y ** Rival Bharat Heavy Electricals BHEL.NS yet to report ** TRVT rated "strong buy" on avg, BHEL rated "sell" - LSEG data

India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST . MUMBAI, May 17 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN rose 34.56 points, or 0.05%, to 73,698.28, while the broader NSE index .NSEI gained 1.05 points, or 0.00%, to 22,404.9 tracking subdued moves in Asian stocks as a rally triggered by hopes of U.S. interest rate cuts cooled down.

India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST MUMBAI, May 17 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN rose 34.56 points, or 0.05%, to 73,698.28, while the broader NSE index .NSEI gained 1.05 points, or 0.00%, to 22,404.9 tracking subdued moves in Asian stocks as a rally triggered by hopes of U.S. interest rate cuts cooled down.

Australia's Carnarvon Energy seeks bids for company or asset sale, document shows

Australia's Carnarvon Energy seeks bids for company or asset sale, document shows By Lewis Jackson SYDNEY, May 17 (Reuters) - Australian oil and gas explorer Carnarvon Energy CVN.AX is seeking a buyer for the company or its assets, including its share in the Dorado oil field co-owned with local producer Santos STO.AX , a document prepared by adviser JPMorgan showed.

Citi, others positive on Aristocrat Leisure after HY results

BUZZ-Citi, others positive on Aristocrat Leisure after HY results Adds Citi comments ** Analysts at Morningstar lift fair value estimate on mobile games developer Aristocrat Leisure ALL.AX by 7% to A$48/shr ** Company is performing better than expected, says brokerage ** Morningstar lifts ALL's FY24 underlying net profit estimates by 13% to A$1.5 bln ($1 bln) ** "We lift our fair value estimate...

China's Lepu Biopharma climbs to 3-week low on discounted share sale

BUZZ-China's Lepu Biopharma climbs to 3-week low on discounted share sale ** Shares of Lepu Biopharma Co Ltd 2157.HK fall as much as 9.9% to HK$4.75, their lowest since April 26 ** Stock posts biggest intraday pct drop since May 6, and set for a third straight session of decline ** The Chinese tumor candidate drugs developer plans sales of 51.2 mln

Indian bond yields flattish as traders eye debt supply

INDIA BONDS-Indian bond yields flattish as traders eye debt supply By Dharamraj Dhutia MUMBAI, May 17 (Reuters) - Indian government bond yields were largely unchanged in the early session on Friday as market participants awaited a fresh supply of debt via the weekly bond auction later in the day. The benchmark 10-year yield IN071833G=CC was at 7.0821% as of 10:00 a.m.
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Turkey - Factors To Watch on May 17

Turkey - Factors To Watch on May 17 ISTANBUL, May 17 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Friday. The lira TRYTOM=D3 stood at 32.27 against the U.S. dollar a t 0417 GMT, weakening from Thursday's close of 32.24. The main BIST 100 share index .XU100 closed 1.59% higher at 10,319.96 points on Thursday.
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Markets ponders rate path, shares listless

MORNING BID EUROPE-Markets ponders rate path, shares listless A look at the day ahead in European and global markets from Ankur Banerjee The cold harsh reality of the Federal Reserve likely keeping interest rates higher for longer to combat inflation has put a lid on the post-U.S. CPI exuberance, with the listless mood set to continue at European bourses .
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Dubai's DSI Elects Shafiq Abdul Hamid As Chairman

BRIEF-Dubai's DSI Elects Shafiq Abdul Hamid As Chairman May 17 (Reuters) - DRAKE & SCULL INTERNATIONAL P J S C DSI.DU : ELECTS SHAFIQ ABDUL HAMID AS CHAIRMAN BAORD APPROVES ACCEPTING WHAT HAS BEEN SUBSCRIBED FOR IN CAPITAL INCREASE WITHOUT OFFERING REMAINING SHARES FOR PUBLIC SUBSCRIPTION Source text for Eikon: ID:nDFA7bCXyX Further company coverag

Indian shares subdued as financials, IT overpower auto gains

INDIA STOCKS-Indian shares subdued as financials, IT overpower auto gains Updates at 9:48 a.m. IST By Dimpal Gulwani and Bharath Rajeswaran BENGALURU, May 17 (Reuters) - Indian shares fell on Friday as a drop in financials and information technology stocks overshadowed gains in auto stocks, while a global rally triggered by hopes of U.S. interest rate cuts cooled down.

India's Crompton Greaves set for best day after Q4 profit beat

BUZZ-India's Crompton Greaves set for best day after Q4 profit beat ** Shares of Crompton Greaves Consumer Electricals CROP.NS up 13.5% at 384.75 rupees, on track for their best day, if gains hold ** Stock at its highest level since Oct 19, 2022 ** The household appliance maker's Q4 profit beat estimates ** Rival Havells HVEL.NS also beat Q4 profit

China issues first batch of 30-year stimulus bonds at 2.57%

UPDATE 1-China issues first batch of 30-year stimulus bonds at 2.57% Updates with auction result, comments and backgrounds SHANGHAI, May 17 (Reuters) - China's finance ministry auctioned 30-year bonds at a yield of 2.57% on Friday, largely in line with expectations, as Beijing kicked off sales of 1-trillion-yuan long-term special bonds to help stimulate a flagging economy.
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Australia's ECS Botanics rises on medicinal cannabis products deal

BUZZ-Australia's ECS Botanics rises on medicinal cannabis products deal ** Shares of ECS Botanics ECS.AX rise as much as 5.6% to A$0.019, their highest level since May 8 ** The medical cannabis co secures its first direct-to-consumer medicinal cannabis sales contract ** Co enters agreement with Elite Medical Solutions to retail ECS medicinal cannab

China's yuan weakens as dollar rebounds, disappointing data weighs

China's yuan weakens as dollar rebounds, disappointing data weighs By Summer Zhen HONG KONG, May 17 (Reuters) - China's yuan eased on Friday as the U.S. dollar rebounded and a flurry of domestic data pointed to weaker retail sales and investment, suggesting the world's second-largest economy is still struggling for traction. The spot yuan CNY=CFXS opened at 7.2300 per dollar and was changing hands at 7.2267 at midday, 68 pips weaker than the previous late session close and 1.72% away from the mi
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