Asia may be seeing the strongest airline passenger growth, but its carriers are struggling to eke out profits, dented by overexpansion.» Read More
Aug 7- Shares of iDreamSky Technology Ltd, a mobile gaming company that localizes and distributes popular games such as "Fruit Ninja," " Temple Run" and "Subway Surfers" in China, rose as much as 27 percent in their trading debut.
The risk of another selloff in emerging market currencies in the coming year is high, foreign exchange strategists polled by Reuters.
*Another emerging market sell-off likely, but not as severe. BANGALORE, Aug 6- The risk of another selloff in emerging market currencies in the coming year is high, foreign exchange strategists polled by Reuters said, although they do not expect it be as severe as the one earlier this year.
SINGAPORE, Aug 6- Indonesia's Lion Group, which boasts an order backlog of about 500 Boeing and Airbus aircraft, has clinched the first deal for its leasing subsidiary in a key diversification move for one of the world's fastest-growing airlines.
SINGAPORE, July 31- Singapore risks tarnishing its business-friendly reputation by implementing new labor laws that require companies to prioritize hiring locals over foreigners for middle income jobs, analysts say.
WASHINGTON, Aug 5- U.S. regulators on Tuesday told banks to come up with better living wills, inching a step closer to taking action if these plans to avoid taxpayer bailouts during a future crisis were still deficient next year.
So-called living wills submitted by big banks are "not credible" and have to be revised by next July, federal regulators said on Tuesday.
Goldman Sachs is cutting off some hedge fund clients and even pulling cash from its own hedge funds as it looks to cope with tough new banking rules.
JAKARTA, Aug 5- Indonesia's economy unexpectedly failed to gain traction in the second quarter due to weak investment and exports, underscoring problems the new president will need to deal with to get the country's growth rate back up.
NEW YORK, Aug 4- Wall Street banks have found a U.S. review of their junk-rated loans to have yielded similar results to last year, easing some concern among bankers about a crackdown on one of their most lucrative businesses.
*Advair restored to Express Scripts 2015 formulary list. LONDON, Aug 4- GlaxoSmithKline received a boost on Monday from a decision by Express Scripts, the largest U.S. pharmacy benefit manager, to reinstate its top-selling lung drug Advair as an approved drug in 2015..
LONDON, Aug 4- The German and Swiss stock markets were the worst performers in Europe on Monday, as the impact of sanctions against Russia pegged back equities and offset some relief over a rescue deal for Banco Espirito Santo.
NEW YORK, Aug 3- Early this year, a New York State Lottery winner in Brooklyn approached Morgan Stanley with a problem: he needed to borrow hundreds of thousands of dollars before he collected his prize money. Making unusual loans is critical for Morgan Stanley.
Aug 1- LinkedIn Corp's booming hiring business and rapid international expansion will be the main growth drivers for the next few quarters, analysts said after the corporate networking site's revenue and profit forecast smashed expectations.
LONDON, Aug 1- Europe's investment banks are giving Wall Street a run for its money despite shrinking their trading arms more aggressively than U.S. rivals.
Ultra-low rates have spurred investors to chase yield in ever riskier corners of the bond market, but some are starting to pull out of the race.
*Nonfarm payrolls forecast rising 233,000 in July. WASHINGTON, Aug 1- U.S. job growth likely cooled a bit in July, but retained enough momentum to suggest the economy remained on solid ground. "As long as we have job growth going in the right direction and the labor market tightening up, we are still in a good place," said Robert Dye, chief economist at Comerica in Dallas.
BUENOS AIRES, July 31- Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years after the failure of last-ditch talks with holdout creditors.
*Yield curve steepens from five-year lows. NEW YORK, July 31- Most U.S. "There is some month-end buying, both here and in Europe," said Dan Mulholland, managing director in Treasuries trading at BNY Mellon in New York.
BUENOS AIRES, July 31- Argentina's main government bond, stock market and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the failure of last-ditch talks with holdout creditors.