Alex Paterson, senior analyst at Espirito Santo Investment Bank, comments on the group's quarterly results and on the "disappointing" parcel business.» Read More
NEW YORK, July 22- Global equity markets and the dollar rode a rebound in risk appetite on Tuesday, lifting the S&P 500 to a record high, helped by signs of cooperation from Ukraine's pro-Russian separatists over the downing of the Malaysian Airlines jetliner.
WASHINGTON, July 22- Immediate government action is needed to plug a loophole that allows U.S. corporations to avoid federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.
*U.S. players include Gogo, Honeywell, Golden Eagle. LONDON, July 22- The web-connected aircraft cabins of the future, powered by technology on show at last week's Farnborough Airshow, are offering a path to investor returns through suppliers like Cobham Plc and Thales SA.
NEW YORK, July 22- The dollar rose on Tuesday as U.S. bond yields held firm on the view the world's biggest economy is expanding enough for the Federal Reserve to further reduce stimulus despite data showing a mild pullback in some domestic prices in June.
BRUSSELS, July 22- The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine, but failed to back tough talk with any immediate action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.
LONDON, July 22- European shares rose on Tuesday on some strong earnings reports and signs of improved cooperation from Ukraine's pro-Russian rebels over the Malaysian Airlines plane shot down four days ago.
LONDON— The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia.
LONDON, July 22- Gold steadied on Tuesday, paring earlier losses as the dollar gave up some of its gains against the euro after U.S. consumer price data pointed to a gradual buildup of inflationary pressure. Gold could benefit from a higher CPI as the metal is often considered a hedge against inflation.
LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and a fall in Libyan output, while U.S. prices were supported by expectations of a drop in national stockpiles.
Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.
LONDON/ MUMBAI, July 22- Indian generics firm Lupin, some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline, five sources familiar with the matter said.
The Cabinet's decision Monday, reported by the official Saudi Press Agency, paves the way for foreign financial institutions to directly buy and sell stocks listed on Saudi Arabia's $530 billion Tadawul All Share Index starting sometime in the first half of 2015..
But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.
LONDON, July 22- Gold fell on Tuesday as shares rose on speculation tensions between Russia and the West would ease after signs of cooperation from pro-Russian rebels over the downed Malaysian plane, while a stronger dollar ahead of U.S. data also weighed.
*ARM Holdings surges after strong results. LONDON, July 22- European equities bounced back on Tuesday partly in response to signs of improved cooperation from Ukraine's pro-Russian rebels who have agreed to hand over the black boxes from the Malaysian plane downed in Ukraine last week.
*EU foreign ministers meeting eyed for message to Russia. LONDON, July 22- The dollar rose to its strongest against the euro in almost six months on Tuesday ahead of U.S. inflation numbers for June which should add to a picture of growing divergence between the U.S. and European economies.
LONDON, July 22- Britain's financial watchdog has upheld a 450,000 pound fine on former JPMorgan banker Ian Hannam- a prominent dealmaker once dubbed the "king of mining"- for market abuse after a protracted court battle.
*Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and fighting in Gaza, while U.S. prices were supported by expectations of a drop in national stockpiles.
BRUSSELS, July 22- European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.
LONDON, July 22- Gold dropped on Tuesday as shares rose on speculation tensions between Russia and the West would ease after signs of cooperation from pro-Russian rebels over the Malaysian plane downed in Ukraine last week.