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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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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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Street View: India's Mahindra & Mahindra to maintain earnings momentum on SUV growth

BUZZ-Street View: India's Mahindra & Mahindra to maintain earnings momentum on SUV growth ** India's Mahindra & Mahindra MAHM.NS topped quarterly profit estimates on steady sales of its SUVs ** At least 13 analysts hike their PT on MAHM; median PT is now 2,225 rupees compared to 1,900 rupees in April - LSEG ** Shares up 6.3% to a record 2,522.2 rup

India central bank likely selling dollars to cap rupee depreciation, traders say

India central bank likely selling dollars to cap rupee depreciation, traders say MUMBAI, May 17 (Reuters) - The Indian central bank was likely selling U.S. dollars to limit weakness in the rupee, four traders told Reuters. The rupee INR=IN was at 83.4850 against the dollar as of 09:50 a.m. IST, barely changed from its previous close at 83.50. The rupee has remained under pressure over the last few trading sessions amid sustained outflows from Indian equities and dollar demand from local importer

Soccer-FIFA Congress to choose Women's World Cup host, seek racism penalties

UPDATE 1-Soccer-FIFA Congress to choose Women's World Cup host, seek racism penalties Adds opening remarks from FIFA president paragraphs 4-6 By Martin Petty BANGKOK, May 17 (Reuters) - Soccer's world body FIFA will decide the 2027 Women's World Cup host at its annual Congress on Friday and discuss a push for strict penalties to stamp out racism and Palestine's pursuit of sanctions against Israel's federation over the Gaza war.

New York Times business news - May 17

PRESS DIGEST-New York Times business news - May 17 May 17 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - More than 5,000 Mercedes-Benz MBGn.DE workers in Alabama are voting this week on whether to join the United Automobile Workers union, a decision both supporters and opponents say will have consequences far beyond two factories near Tuscaloosa where the German carmaker churns ou
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India's BEML jumps on $30 mln order from Coal India unit

BUZZ-India's BEML jumps on $30 mln order from Coal India unit ** Shares of BEML BEML.NS up 4.8%, trimming some gains after a 5.1% jump earlier in the session ** Engineering equipment maker gets order worth 2.50 bln rupees (about $30 million) from Northern Coal Fields, a unit of state-owned Coal India COAL.NS ** Co set to snap two-session-losing run

Financial Times - May 17

PRESS DIGEST-Financial Times - May 17 May 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines - Hunt to claim only Tories will cut UK tax burden after the election - GSK sells off remaining stake in Haleon - UK to lift ban on debit card use on gaming machines - Russia to expel UK defence attaché in tit-for-tat move Overview - British finance minister Jeremy Hunt will on Friday defend lar
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Refinery fire contained in Russia's Kashnodar after drone attack

Refinery fire contained in Russia's Kashnodar after drone attack MOSCOW, May 17 (Reuters) - Authorities have managed to contain a fire at an oil refinery in Russia's town of Tuapse that broke out after a Ukrainian drone attack, officials in the Krasnodar region said on messaging app Telegram. Reporting by Reuters; Editing by Clarence Fernandez

listed shares of Changjiu Holdings at record high after MSCI Index inclusion

BUZZ-HK-listed shares of Changjiu Holdings at record high after MSCI Index inclusion ** Shares of automobile dealer operation management services group Changjiu Holdings Ltd 6959.HK jump 10.2% to HK$56.95, the highest since their debut on Jan 9 ** Stock posts biggest intraday pct gain since April 9, and set for a second session of climb ** Changjiu

Malaysia's economy grows annual 4.2% in Q1, helped by export rebound

UPDATE 1-Malaysia's economy grows annual 4.2% in Q1, helped by export rebound Writes through; adds further details from paragraph 3 onwards KUALA LUMPUR, May 17 (Reuters) - Malaysia's economy expanded 4.2% in the first quarter of 2024 from a year earlier, beating market expectations on higher household spending and a turnaround in exports, government and central bank data showed on Friday.



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