×

Wires

  • SEOUL, South Korea— Seemingly invincible Samsung Electronics appears set to log record annual profit this year as exploding use of data in mobile devices and the "memory supercycle" help it surmount the jailing of its de facto leader and sidestep losses from its fire-prone Galaxy Note 7 s. South Korea's largest company reported Thursday record high quarterly...

  • MADRID, July 27- Spanish telecoms firm Telefonica on Thursday lifted its revenue target for 2017 after its second-quarter earnings beat analysts' forecast, helped by a buoyant Latin American business that more than offset persistent weakness in Spain. Revenues rose 1.9 percent to 12.96 billion euros in the second quarter, above a 12.90 billion euros forecast,...

  • *Q2 net profit 466 mln euros vs poll avg 273 mln. FRANKFURT, July 27- Deutsche Bank forecast lower full-year revenues and only a modest improvement in earnings on Thursday, after second-quarter sales were hit by a drop in capital markets trading. Germany's biggest lender beat forecasts with a jump in quarterly net profit to 466 million euros from just 20 million a...

  • *Net income rises to $3.6 billion. It has sold some $25 billion of assets since acquiring BG Group last year. Net income attributable to shareholders in the second quarter, based on a current cost of supplies and excluding exceptional items, rose 245 percent to $3.6 billion, topping a company-provided analyst consensus of $3.15 billion.

  • PARIS, July 27- French oil and gas giant Total reported second-quarter earnings above expectations on Thursday lifted by strong cash flow and cost cuts that enabled the company to maintain its targets for 2017.. "Total again delivered an excellent set of quarterly results with adjusted net income of $2.5 billion, a 14 percent increase compared to a year ago,"...

  • BEIJING, July 27- Earnings for China's industrial firms in June rose at the fastest pace in three months in the latest sign economic momentum in the country remains solid, though analysts expect growth to slow later this year as tighter policies begin to bite. Profits surged 19.1 percent in June from a year earlier to 727.78 billion yuan, the National Bureau of...

  • BERLIN— Swiss food giant Nestle says its first-half earnings were up 19 percent due to a one-time tax expense that impacted profit a year earlier, while sales slipped as a result of divestments and currency issues. The company behind Maggi noodles, Stouffer's frozen foods and KitKat chocolate bars on Thursday reported net profit of 4.9 billion francs for...

  • July 27- French electrical component and energy management group Schneider Electric said on Thursday it was buying automatic transfer switch maker Asco Power Technologies for $1.25 billion and raising its full year revenue and margin guidance. The all-cash deal aims to boost Schneider Electric's position in North America, and enhance its offer for...

  • LONDON, July 27- AstraZeneca's combination of two injectable immunotherapy drugs, durvalumab and tremelimumab, failed to help patients as hoped in a closely watched advanced lung cancer trial, the British company said on Thursday. Uncertainty about its outcome has been heightened by recent speculation about the tenure of Chief Executive Pascal Soriot.

  • LONDON— Royal Dutch Shell says second-quarter earnings more than tripled as it benefited from a cost-cutting drive and recovering oil prices. The Anglo-Dutch energy giant said Thursday that profit adjusted for changes in the value of inventories and excluding one-time items rose to $3.60 billion from $1.05 billion in the same period last year.

  • PARIS, July 27- French food group Danone kept its full year goals on Thursday after it posted a higher-than-expected rise in first-half operating profit, helped by cost control and synergies from its acquisition of U.S. organic food producer WhiteWave. Sales growth, however, slowed down further in the second quarter, with Danone's performance coming in below...

  • Britain's largest retail bank reported Thursday a statutory pretax profit of 2.5 billion pounds on Thursday, about 4 percent higher than last year. But it was tempered by a higher-than-expected bill for compensating customers mis-sold loan payment insurance in what is Britain's costliest consumer scandal. Earlier this week, the International Monetary...

  • *Q2 op profit 14.1 trln won, tops Q1 as highest-ever. SEOUL, July 27- Samsung Electronics Co Ltd said a memory chip boom that propelled it to record profit in the second quarter is likely to continue in the third, just as revenue is widely expected to benefit from sales of OLED screens to Apple Inc.. Chips were Samsung's top earner in the three months through June, as more...

  • *Singapore to be test bed for fast-growing SE Asia- analysts. SINGAPORE, July 27- Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. While Amazon already delivered to Singapore, higher-end...

  • *Water tariffs impacted by low inflation in Europe. PARIS, July 27- French waste and water group Suez said first-half 2017 earnings before interest and taxation fell 0.6 percent to 594 million euros as low inflation in Europe prevented increases in water tariffs. Suez, the world's second-biggest environmental services group after Veolia, said first-half...

  • LONDON, July 27- AstraZeneca's combination of two immunotherapy drugs, durvalumab and tremelimumab, failed to help patients as hoped in a closely watched advanced lung cancer trial, the British company said on Thursday. Uncertainty about its outcome has been heightened by recent speculation about the tenure of Chief Executive Pascal Soriot.

  • SYDNEY, July 27- Australia's largest pension fund, AustralianSuper, aims to expand its in-house management of equities and infrastructure investments, but has no plans to include private equity managers, Chief Executive Ian Silk said on Thursday. AustralianSuper plans to manage half of its A $120 billion equities, fixed income, infrastructure and property...

  • TOKYO, July 27- Japan's Canon Inc raised its annual operating profit forecast in its second upward revision this year on a recovery in printer sales as well as brisk orders for equipment used to manufacture organic light emitting diode screens. That compares with an average analyst estimate of 297 billion yen and its previous estimate of 270 billion yen.

  • HELSINKI— Nokia has reported a continued loss in the second quarter with almost flat sales, mainly caused by a 5 percent decline in its core networks business. The Finland- based networks company says its net loss was 423 million euros, less than the 667 million euros a year earlier. CEO Rajeev Suri on Thursday described "headwinds" in the period and predicted a...

  • *Record closes on Wall Street underpin sentiment. TOKYO, July 27- Japan's Nikkei share average inched up on Thursday, underpinned by a rally in riskier assets globally and a sharp jump in game maker Nintendo after it posted stronger-than-expected profits. U.S. long-term yields are expected to be on the defensive, and it would serve as a tailwind to Japanese stocks, "...