Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers.» Read More
*Asia gold funds see quarterly inflows vs $18 bln outflows in western peers. *Paper gold catching up in Asia, where physical metal rules. *India's SBI gold ETF, Japan's Nomura futures fund see qtrly inflows.
TOKYO, July 25- Japanese government bonds fell on Thursday despite decent demand at a 20- year sale, with the benchmark 10- year yield moving away from a two-month intraday low matched in the previous session as domestic banks adjusted their portfolios.
LONDON, July 25- Britain's Rolls-Royce beat expectations with a 34 percent rise in first half profit but said it wanted to improve its performance on costs, which it said were rising faster than revenues.
TORONTO, July 25- Hundreds of small mineral exploration companies may have their stock delisted by Canada's TSX Venture Exchange in the coming months, choking off a development pipeline that has long supplied major miners with new projects.
July 24- Nasdaq OMX Group reported a 5.4 percent decline in quarterly profit on Wednesday, mainly due to costs from two recently completed acquisitions, but the transatlantic exchange operator said one of the deals has already begun adding to earnings.
The once-sleepy process of releasing economic data has quietly gotten a lot more complicated, and a lot more lucrative.
July 24- Nasdaq OMX Group reported on Wednesday a lower second-quarter profit, mainly due to acquisition costs related to the closing of two deals by the transatlantic exchange operator. Net income attributable to Nasdaq totaled $88 million, or 52 cents per diluted share, down from $93 million, or 53 cents a diluted share, a year earlier.
*Gerdau, CSN, Usiminas see better margins. Steel mills in Brazil are facing their worst crisis in years as their ability to stay competitive has been compromised by rising labor and raw materials costs, almost three years of sub-par economic growth and declining global prices that are making imported steel more attractive in Brazil.
*Apple to report quarterly earnings after the bell. NEW YORK/ CHICAGO, July 23- Apple Inc is not expected to show a big post-earnings swing when it reports fiscal third-quarter results after the closing bell on Tuesday, but this could also mean investors are under-hedged in case the company delivers a shock.
*Telefonica says deal won't affect net debt to EBITDA ratio. BRUSSELS/ MADRID, July 23- Dutch telecoms group KPN will sell its German unit to Telefonica for 8.1 billion euros in cash and shares, in a long-awaited deal that will test antitrust regulators' views in Europe's largest mobile market.
Investors are feeling bullish lately, regardless of disappointing earnings from major tech companies, and see many reasons to have faith in a bull market.
*McDonald's says 2013 results to be' challenged' by flat sales. NEW YORK, July 22- The S&P 500 edged higher and was on track for a third record closing high on Monday, led by shares of banks and materials companies, while McDonald's fell on disappointing earnings.
SAO PAULO, July 22- Banco Bradesco SA on Monday cut projections for lending and interest income growth for this year as an economic slowdown in Brazil that is extending into a third year led the nation's No. 2 private-sector bank to miss second-quarter profit estimates.
*China bank stocks fall on Monday. China bank stocks mostly fell on Monday, the first trading session following the rate reform announced late on Friday.
SHANGHAI, July 22- Beijing's move to scrap the floor on lending rates is not yet a game-changer for Chinese banks, but it may have just started the countdown to an eventual industry overhaul which will deprive the banks of virtually risk-free profits.
*Majority of analysts rate China financials a buy. *Analysts pressured, wary of links firms have to China government. HONG KONG, July 22- Seventy percent of analysts covering Chinese financial stocks rate them a buy, the highest among the world's top 10 markets for such shares.
NEW YORK, July 19- When the financial crisis threatened to topple the global economy, my Russian friends took great delight in calling me from Moscow and sharing the bittersweet response that was making the rounds of a city that always laughs loudest when things go wrong: Everything Marx told us about communism was false, the gag went, but everything he told us about capitalism was true.
NEW YORK, July 19- The U.S. municipal bonds fell sharply on Friday, a day after Detroit filed for the largest municipal bankruptcy in history, adding to investors' woes in the $3.7 trillion market.
Treasuries prices rose on Friday as disappointing earnings from technology giants Google and Microsoft weighed on stocks, and as the Federal Reserve bought 10- year notes as part of its ongoing purchase program. Google and Microsoft both announced disappointing quarterly results, building some concerns over how far the ongoing equity rally will extend.
*Treasury to sell $99 billion new supply next week. On the last few Fridays is there has been a decent amount of rate lock selling from corporations, which could pressure the market, "said Kevin Walter, head of Treasuries trading at BNP Paribas in New York.