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Stocks flop on feeble earnings reports, yen at seven-week high

GLOBAL MARKETS-Stocks flop on feeble earnings reports, yen at seven-week high Europe's STOXX down 1%, U.S. futures dip on dour earnings U.S. data due later in week could offer direction Yen hits seven-week high, rate hike in the balance Updates at 0815 GMT By Lawrence White LONDON, July 24 (Reuters) - Stocks sagged worldwide on Wednesday as earnings from Tesla , Alphabet as well as European luxury brands disappointed, while the yen surged to a seven-week high ahead of a central bank meeting next
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Airbus Says To Boost Sustainable Aviation Fuel Production Through Investment In Lanzajet

BRIEF-Airbus Says To Boost Sustainable Aviation Fuel Production Through Investment In Lanzajet July 24 (Reuters) - Airbus SE AIR.PA : AIRBUS SE - TO BOOST SUSTAINABLE AVIATION FUEL PRODUCTION THROUGH INVESTMENT IN LANZAJET Source text: https://tinyurl.com/mremu59b Further company coverage: AIR.PA
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India's Alembic Pharma gains after US FDA nod for schizophrenia drug

BUZZ-India's Alembic Pharma gains after US FDA nod for schizophrenia drug ** Shares of Alembic Pharmaceuticals ALEM.NS climb 7.8% to 1,169 rupees ** Drugmaker received US FDA nod for Fluphenazine Hydrochloride Tablets, used for treating psychological disorders such as schizophrenia ** Analysts' avg rating on ALEM, rival Dr Reddy's REDY.NS at "hold"

China stocks slide to five-month low; Hong Kong drops

China stocks slide to five-month low; Hong Kong drops Updates to market close By Summer Zhen HONG KONG, July 24 (Reuters) - Chinese stocks declined on Wednesday, with the Shanghai Composite Index hitting its lowest level in over five months, as investors turned to risk-off mode amid weak economic data and U.S. election risks. The Shanghai Composite Index .SSEC slipped below the key 2,900 level briefly, but it was slightly above 2,900 points at the close.
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Tesla shares slump after co reports worst profit margins in more than five years

BUZZ-Tesla shares slump after co reports worst profit margins in more than five years ** Shares of electric vehicle maker Tesla TSLA.O skid 7.3% to $228.40 premarket ** Stock set to lose about $60 bln in market value if declines hold ** Co reports lowest profit margin in more than five years, with automotive gross margin (excluding regulatory credits) at 14.6% vs estimates of 16.29% as per Visible Alpha ** Q2 net income of $1.48 bln lower than year-ago $2.70 bln, Q2 adj.
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Kenyan shilling weakens versus dollar - LSEG data

Kenyan shilling weakens versus dollar - LSEG data NAIROBI, July 24 (Reuters) - Kenya's shilling KES= was weaker against the dollar in early trade on Wednesday, LSEG data showed. At 0857 GMT, the shilling traded at 132.50/133.50 per dollar, compared with Tuesday's closing rate of 132.00/132.50. Reporting by George Obulutsa Editing by Bate Felix

Stocks flop on feeble earnings reports, yen at seven-week high

GLOBAL MARKETS-Stocks flop on feeble earnings reports, yen at seven-week high Europe's STOXX down 1%, U.S. futures dip on dour earnings U.S. data due later in week could offer direction Yen hits seven-week high, rate hike in the balance Updates at 0815 GMT By Lawrence White LONDON, July 24 (Reuters) - Stocks sagged worldwide on Wednesday as earnings from Tesla , Alphabet as well as European luxury brands disappointed, while the yen surged to a seven-week high ahead of a central bank meeting next
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Check Point Software Q2 Adjusted EPS USD 2.17 Vs. IBES Estimate USD 2.16

BRIEF-Check Point Software Q2 Adjusted EPS USD 2.17 Vs. IBES Estimate USD 2.16 Jul 24 (Reuters) - Check Point Software Q2 operating income USD 209 million. Q2 adjusted operating income USD 265 million vs. IBES estimate USD 266.7 million Q2 EPS USD 1.74 Q2 revenue USD 627 million vs. IBES estimate USD 623.1 million
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India's Petronet LNG set to snap four-day losing run on Q1 profit climb

BUZZ-India's Petronet LNG set to snap four-day losing run on Q1 profit climb ** Shares of Petronet LNG PLNG.NS rise as much as 4.1%, last up 2.8% to 342.8 rupees ** Stock set to end four-day losing run if trend holds ** Co's Q1 profit after tax rose ~40% YoY ** Rival GAIL (India) GAIL.NS yet to report results ** PLNG, GAIL each rated "hold" on avg

US oilfield firms slash prices as mega-mergers shrink customer base

ANALYSIS-US oilfield firms slash prices as mega-mergers shrink customer base Mega-mergers lead to reduced work for oilfield services companies Smaller firms with older tech forced to lower prices to stay competitive Mergers rise as service companies struggle to maintain customer base By Georgina McCartney HOUSTON, July 24 - A wave of mega-mergers among oil producers is forcing the U.S.
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Russia accuses France of paranoia over refusal to accredit some Russian journalists for Olympics

UPDATE 1-Russia accuses France of paranoia over refusal to accredit some Russian journalists for Olympics Adds quote MOSCOW, July 24 (Reuters) - Russia said on Wednesday that France's refusal to accredit some Russian journalists to cover the Paris Olympics on security grounds was a sign of paranoia. France's caretaker interior minister said on Sunday that French security services had rejected more than 4,000 applications for Olympics accreditations, including over espionage and cyberattack conce

India's Butterfly Gandhimathi Appliances falls on Q1 profit slump

BUZZ-India's Butterfly Gandhimathi Appliances falls on Q1 profit slump ** Shares of Butterfly Gandhimathi Appliances BUTT.NS fall 4.4% to 824.7 rupees ** Kitchen appliances-maker's Q1 profit fell ~83% YoY ** Stock was down 0.4% before results ** Rivals Whirlpool of India WHIR.NS and TTK Prestige TTKL.NS yet to report results ** BUTT down 20.7% YTD;

Olympics-Excluding boxing from LA Games 'would be a crime', Australian boxers say

Olympics-Excluding boxing from LA Games 'would be a crime', Australian boxers say By Aadi Nair PARIS, July 24 (Reuters) - The possibility of boxing being excluded from the programme at the Los Angeles Olympics and beyond is "terrifying" and would hit athletes in the developing world the hardest, Australian boxer Harry Garside said. The boxing tournament at the Paris Games is being organised by the International Olympic Committee (IOC), which stripped the International Boxing Association of recog

India's Welspun Living up on Q1 profit rise

BUZZ-India's Welspun Living up on Q1 profit rise ** Shares of home textiles maker Welspun Living WLSP.NS rise as much as 4.6% to 181.70 rupees ** Co reported a 15% rise in June-qtr consolidated net profit to 1.86 billion rupees ($22.2 million) ** WLSP also approved share buyback of 2.78 billion rupees ** Average analyst rating on the stock is buy;

German spot prices gain on anticipated drop in wind power

EUROPE POWER-German spot prices gain on anticipated drop in wind power FRANKFURT, July 24 (Reuters) - European prompt power prices rose on Wednesday, with German day-ahead levels gaining sharply on expectations of wind generation halving while French prices were also higher. German baseload for Thursday TRDEBD1 was at 85.5 euros ($92.58) per megawatt hour (MWh) by 0830 GMT, up 31.5%, with the equivalent French contract TRFRBD1 2.4% higher at 63.0 euros.

Euro zone yields drop after PMI data, French spread hits post-election high

Euro zone yields drop after PMI data, French spread hits post-election high By Stefano Rebaudo July 24 (Reuters) - Euro zone yields fell after a survey showed German business activity unexpectedly contracted in July, leading investors to increase slightly their bets for two European Central Bank rate cuts by year-end. The HCOB German flash composite Purchasing Managers' Index fell to 48.7 in July, while growth in euro zone business activity stalled.

China's BYD widens EV lead over Tesla in Singapore, Southeast Asia, data shows

China's BYD widens EV lead over Tesla in Singapore, Southeast Asia, data shows By Xinghui Kok SINGAPORE, July 24 (Reuters) - China's BYD 002494.SZ widened its sales lead over Tesla TSLA.O in Singapore in the first half of this year, government data showed, highlighting the challenge facing the world's biggest electric vehicle maker by sales from Chinese rivals.
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South Africa's Vodacom reports rise in quarterly revenue

UPDATE 1-South Africa's Vodacom reports rise in quarterly revenue Updates to add CEO quote in paragraph 3, context to paragraph 4 JOHANNESBURG, July 24 (Reuters) - South Africa's Vodacom Group VODJ.J reported a 1.5% rise in its quarterly revenue on Wednesday . The South African company, majority-owned by Britain's Vodafone VOD.L , posted group revenue of 36.2 billion rand ($1.97 billion) for the three months ended June 30. "While the economic environment in recent years has been challenging, our
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Besi drops after peer's ASMPT weak results, analyst says

BUZZ-Besi drops after peer's ASMPT weak results, analyst says ** Shares in Besi BESI.AS fall 6% to the bottom of Amsterdam's AEX .AEX index, with an analyst pointing to weak results from peer ASM Pacific Technology (ASMTP) 0522.HK ** Shares in Hongkong-listed ASMPT, which also guides for 9.9% drop in Q3 revenue citing slower recovery and tepid cons
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Kenya's president Ruto to make address to nation later on Wednesday

UPDATE 1-Kenya's president Ruto to make address to nation later on Wednesday Adds details, background NAIROBI, July 24 (Reuters) - Kenya's President William Ruto, who has replaced members of his cabinet amid mass youth protests demanding his resignation, is due to make an address to the nation at 1 p.m. local time (1000 GMT) , his spokesperson said on Wednesday.

UK's Greencore raises annual profit outlook, shares rise

BUZZ-UK's Greencore raises annual profit outlook, shares rise ** Shares of food manufacturer Greencore GNC.L up 3.7% at 186.4p ** Upgrades FY24 adj operating profit outlook to 88-90 mln pounds, ahead of prior guidance of 86-88 mln pounds and current market view ** Q3 like-for-like revenue up 1.4% year-on-year ** Q3 reported revenue down 6.1% to 465
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Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.

Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi

Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.

Riskdan ogohlantirish: Kapitalingiz risk ostida. Kredit yordamiga ega mahsulotlar hammaga ham toʻgʻri kelmasligi mumkin. Bizning Risklardan ogohlantirishimiz bilan tanishib chiqing.