Category Archives: Stock Market News

Kobe Steel says also fabricated data in steel wire products By Reuters

© Reuters. FILE PHOTO: A man walks past the signboard of Kobe Steel at the group’s Tokyo headquarters in Tokyo TOKYO (Reuters) – Kobe Steel Ltd said on Friday it had falsified data on some of its steel wire products on top of the already-announced data fabrication for aluminum, , iron powder products and metal materials used in optical discs. A spokesman for Japan’s third-biggest steelmaker added that the company had confirmed with its steel-wire customers that there were no problems with the function and safety of […]

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Boeing passenger jets have falsely-certified Kobe Steel products: source By Reuters

© Reuters. Boeing Co’s logo is seen above the front doors of its largest jetliner factory in Everett By Tim Kelly TOKYO (Reuters) – Boeing (NYSE:) Co, the world’s biggest maker of passenger jets, has used Kobe Steel products that include those falsely certified by the Japanese company, a source with knowledge of the matter told Reuters. Boeing does not as yet consider the issue a safety problem, the source stressed, but the revelation may raise compensation costs for the Japanese company, which is embroiled in a […]

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Asia shares firm to near ten-year high ahead of U.S. data, China Congress By Reuters

© Reuters. People walk past an electronic board showing Japan’s Nikkei average, the Dow Jones average, and the exchange rates between the Japanese yen and the U.S. dollar outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian stocks held firm near a 10-year high on Friday thanks to expectations of brisk global growth, although investors held off chasing the shares higher ahead of U.S. and Chinese economic data as well as the Chinese Communist Party congress next week. MSCI’s broadest index of Asia-Pacific shares […]

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Standard Chartered chairman urges U.S. to preserve bank resolution regime By Reuters

© Reuters. FILE PHOTO: A Standard Chartered sign is seen outside of a building, with a branch of the bank, in Jakarta, Indonesia By Michelle Price and Pete Schroeder WASHINGTON (Reuters) – The chairman of British bank Standard Chartered (LON:) [STANB.UL] called on U.S. policymakers to preserve a key post-crisis power that allows bank regulators to wind down a failing lender, even as the Trump administration looks to slash red tape across the financial sector. The comments by Jose Vinals, one of the industry’s most senior and […]

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UK lawmakers pile pressure on watchdog over RBS report By Reuters

© Reuters. Worker cleans the glass exterior next to the logo of RBS (Royal Bank of Scotland) bank at a building in Gurugram By Huw Jones LONDON (Reuters) – British lawmakers have hired a barrister to check if a summary of a report by regulators into how Royal Bank of Scotland (L:) treated companies in difficulties is comprehensive and fair. The Financial Conduct Authority has refused to publish the main report, saying it was never meant to be public and that a summary would be made available. […]

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Canada union, GM spar as automaker cuts U.S. plant output By Reuters

© Reuters. Workers leave the General Motors CAMI car assembly plant where the GMC Terrain and Chevrolet Equinox are built in Ingersoll By Susan Taylor TORONTO (Reuters) – The union leading a month-long strike at a General Motors Co (N:) auto plant in Ontario is refusing to make concessions after GM threatened to move production to Mexico, a move that could cost thousands of Canadian jobs. The dispute comes at a sensitive time, as the United States, Canada and Mexico hold tense negotiations to modernize the decades-old […]

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Mexico stocks lower at close of trade; IPC down 0.35% By Investing.com

© Reuters. Mexico stocks lower at close of trade; IPC down 0.35% Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the , and sectors led shares lower. At the close in Mexico, the lost 0.35%. The best performers of the session on the were America Movil SAB de CV (MX:), which rose 1.95% or 0.320 points to trade at 16.750 at the close. Meanwhile, Grupo Financiero Santander Mexico SAB De CV (MX:) added 0.87% or 0.310 points to end at 35.790 […]

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BT, Sky see soccer ratings rise as digital firms wait in wings By Seeking Alpha

BT, Sky see soccer ratings rise as digital firms wait in wings By Seeking Alpha ‘; Stock Markets44 minutes ago (Oct 12, 2017 03:01PM ET) © Reuters. BT, Sky see soccer ratings rise as digital firms wait in wings Early ratings for Premier League soccer are on the upswing ahead of what’s likely to be an expensive auction of new rights for the UK. Sky ( +2.1%) is seeing 8% Y/Y gains, to 819,000 viewers per match, according to Enders Analysis. BT Group (LON:) ( […]

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GM, suppliers to invest $500 million in Argentina to produce new model By Reuters

© Reuters. The GM logo in Warren Michigan BUENOS AIRES (Reuters) – General Motors Co (N:) and its suppliers will invest a total of $500 million in Argentina operations through 2019 to prepare to produce a new Chevrolet model in 2020, the company said in a statement on Thursday. The company will invest $300 million while its supplier network will invest $200 million at the Alvear plant in Argentina’s Santa Fe province. The company invested $740 million in the plant between 2014 and 2016. The investment announcement […]

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Morocco stocks higher at close of trade; Moroccan All Shares up 0.03% By Investing.com

© Reuters. Morocco stocks higher at close of trade; Moroccan All Shares up 0.03% Investing.com – Morocco stocks were higher after the close on Thursday, as gains in the , and sectors led shares higher. At the close in Casablanca, the gained 0.03%. The best performers of the session on the were Jet Contractors (CS:), which rose 9.99% or 38.85 points to trade at 427.85 at the close. Meanwhile, Atlanta (CS:) added 9.98% or 5.48 points to end at 60.38 and Zellidja S.A (CS:) was up 5.99% […]

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