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FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies

1 hour ago NAMEX Comments Off on FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies
HONG KONG (Reuters) – The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines. FILE PHOTO: Pound and Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration Currency markets are also Read More

Morning News Call – India, October 24

1 hour ago NAMEX Comments Off on Morning News Call – India, October 24
To access a PDF version of this newsletter, please click here here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH No major events are scheduled for the day. INDIA TOP NEWS • India announces $8 billion plan to revive loss-making state telecoms firms India announced an Read More

U.S. SEC investigates India’s Infosys on whistleblower complaints

1 hour ago NAMEX Comments Off on U.S. SEC investigates India’s Infosys on whistleblower complaints
FILE PHOTO: An employee walks past a signage board in the Infosys campus at the Electronics City IT district in Bangalore, February 28, 2012. REUTERS/Vivek Prakash BENGALURU (Reuters) – Infosys Ltd (INFY.NS) said on Thursday that the U.S. Securities and Exchange Commission had launched an investigation into whistleblower claims that the Indian software services firm Read More

UPDATE 3-Chile’s Codelco resumes operations after union calls for end to strike

4 hours ago NAMEX Comments Off on UPDATE 3-Chile’s Codelco resumes operations after union calls for end to strike
(Recasts throughout) By Fabian Cambero and Dave Sherwood SANTIAGO, Oct 23 (Reuters) – Chile’s Codelco, the world’s top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation Read More

RPT-FOCUS-Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar

4 hours ago NAMEX Comments Off on RPT-FOCUS-Teva’s proposed opioid settlement could cost drugmaker pennies on the dollar
NEW YORK/BOSTON (Reuters) – Teva Pharmaceutical Industries Ltd’s proposed $23 billion drug giveaway to settle thousands of U.S. opioid lawsuits will likely cost the company a fraction of that figure due to how it has valued those medicines, according to a Reuters review of pricing data and industry analysts. FILE PHOTO: The logo of Teva Read More

UPDATE 1-GSK gets FDA nod for wider use of ovarian cancer drug Zejula

4 hours ago NAMEX Comments Off on UPDATE 1-GSK gets FDA nod for wider use of ovarian cancer drug Zejula
(Reuters) – GlaxoSmithKline said U.S. regulators had approved its ovarian cancer treatment Zejula for wider use in some advanced cancers, in a boost to the British drugmaker’s oncology portfolio as it competes with rival AstraZeneca. FILE PHOTO: The GlaxoSmithKline (GSK) logo is seen on top of GSK Asia House in Singapore, March 21, 2018. REUTERS/Loriene Read More

GLOBAL MARKETS-Sterling edges up as EU considers Brexit request; stocks flat

9 hours ago NAMEX Comments Off on GLOBAL MARKETS-Sterling edges up as EU considers Brexit request; stocks flat
NEW YORK (Reuters) – World stock indexes were flat to lower on Wednesday with a disappointing forecast from Texas Instruments dragging down chipmaker shares, while the British pound inched up as European Union leaders consider London’s request for a Brexit delay. An index of semiconductor shares .SOX was down more than 2%. Apple (AAPL.O) shares Read More

US STOCKS-Wall Street treads water as chip stocks, Nike fall

9 hours ago NAMEX Comments Off on US STOCKS-Wall Street treads water as chip stocks, Nike fall
NEW YORK (Reuters) – The benchmark S&P 500 was little changed on Wednesday as lackluster quarterly reports from Texas Instruments Inc (TXN.O) pushed down semiconductor stocks and the departure of Nike Inc’s (NKE.N) chief executive weighed on the company’s shares. A trader works on the floor at the New York Stock Exchange (NYSE) in New Read More

Blackstone special situations executive Geiling leaves firm -sources

9 hours ago NAMEX Comments Off on Blackstone special situations executive Geiling leaves firm -sources
FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE) April 4, 2016. REUTERS/Brendan McDermid BOSTON (Reuters) – A senior Blackstone Group (BX.N) executive who oversaw special situations investments at the private equity giant’s hedge fund Read More

UPDATE 2-Chile´s Codelco shuts Andina mine as general strike hits operations

13 hours ago NAMEX Comments Off on UPDATE 2-Chile´s Codelco shuts Andina mine as general strike hits operations
(Adds details on private mining operations, paragraphs 8-14) By Fabian Cambero and Dave Sherwood SANTIAGO, Oct 23 (Reuters) – Chile’s state miner Codelco, the world’s top copper producer, said on Wednesday one of its mines was shut and operations at a smelter drastically reduced amid a general strike as protests and chaos have rocked the Read More