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

55 mins 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

55 mins 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

56 mins 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

Asian shares edge up; investors anxious over earnings, Brexit

2 hours ago NAMEX Comments Off on Asian shares edge up; investors anxious over earnings, Brexit
SYDNEY (Reuters) – Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check. FILE PHOTO: Passersby are reflected on a screen displaying graphs of market indices outside a brokerage in Tokyo, Japan, August Read More

Oil pares U.S. stock-draw gains on weak demand outlook

2 hours ago NAMEX Comments Off on Oil pares U.S. stock-draw gains on weak demand outlook
SINGAPORE (Reuters) – Oil prices dipped on Thursday on lingering concerns about a weak demand outlook, after surging more than 2% in the previous session on the back of a surprise draw in U.S. crude stocks. FILE PHOTO: Pumpjacks are seen during sunset at the Daqing oil field in Heilongjiang province, China August 22, 2019. Read More

Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion

2 hours ago NAMEX Comments Off on Ghosn’s lawyers accuse Japan officials, Nissan executives of collusion
FILE PHOTO: Former Nissan Motor Chariman Carlos Ghosn leaves the Tokyo Detention House in Tokyo, Japan April 25, 2019. REUTERS/Issei Kato TOKYO (Reuters) – Lawyers for former Nissan Motor Co (7201.T) chairman Carlos Ghosn submitted filings to the Tokyo District Court on Thursday seeking the dismissal of all charges against him and accusing Japanese officials 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

Microsoft forecasts cloud sales above expectations

4 hours ago NAMEX Comments Off on Microsoft forecasts cloud sales above expectations
(Reuters) – Microsoft Corp (MSFT.O) on Wednesday forecast sales for its cloud computing services that topped analysts’ estimates, even as quarterly growth slows for its Azure business. FILE PHOTO: An employee uses an augmented reality headset at Microsoft’s new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson Microsoft Read More