Wires

  • LONDON, Dec 6- Emerging market equities hit five-day highs on Tuesday, with the Moscow bourse at fresh peaks as investors shrugged off the results of Italy's referendum, while a weaker dollar helped currencies such as the rand and the lira make gains. Italian Prime Minister Matteo Renzi said he would resign after the weekend's referendum, which saw voters reject...

  • PARIS, Dec 6- Airbus sold 600 aircraft in the first 11 months of the year- or a total of 410 after adjusting for cancellations and conversions between models- the European planemaker said on Tuesday. It also delivered 577 aircraft including 34 A350s and 43 A320neo jets, after stepping up the pace in November on two models that have been hit by delays.

  • LONDON, Dec 6- Russia's economy is displaying "encouraging signs" of recovery and should return to growth in the first quarter of 2017, though it will take years for inflation expectations to be anchored, the central bank's first deputy governor said on Tuesday. Growth was flat to slightly positive in the third quarter and fourth quarter data will likely show the...

  • HORSHAM, Pa. _ Toll Brothers Inc. on Tuesday reported fiscal fourth-quarter earnings of $114.4 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share. Toll Brothers shares have fallen 8.5 percent since the beginning of the year.

  • PARIS, Dec 6- Pernod Ricard is confident of hitting its goal for "mid-single digit" sales growth this financial year in its top U.S. market, which spurred sales growth in its first quarter. In October, Pernod reported a stronger-than-expected 4 percent rise in first-quarter underlying sales, helped by growth in the United States and improving demand in China.

  • LONDON, Dec 6- The euro held firm on Tuesday, having seen a wild 3- cent swing in the wake of Italy's referendum, while the region's bond yields dipped in line with U.S. peers as oil saw its first fall for five days. Asian stocks saw their strongest day for 2 weeks overnight after Wall Street's Dow Jones index hit a record high, and Europe's main bourses struggled into...

  • *Up to 25 pct stake gives McDonald's exposure to China growth. HONG KONG, Dec 6- McDonald's Corp is looking to raise $1 billion to $2 billion with the sale of its China and Hong Kong stores after the U.S. fast-food chain decided to keep "a significant minority stake in the business," a person with direct knowledge of the plans said on Tuesday. McDonald's in March said it...

  • LONDON, Dec 6- Sterling hit a two-month high against the dollar on Tuesday, with investors betting the British government would lose its battle to trigger the Brexit process without parliamentary approval. The government is seeking to overturn a decision in the High Court last month that could derail its Brexit plans. November's court ruling- as well as the...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • Dec 6- U.S. luxury homes builder Toll Brothers Inc reported a 29.1 percent rise in quarterly revenue, boosted by higher home sales and an increase in average selling prices. The company said its revenue rose to $1.86 billion in the fourth quarter ended Oct. 31 from $1.44 billion a year earlier. Net income fell to $114.4 million, or 67 cents per share, from $147.2...

  • SEOUL, Dec 6- South Korean President Park Geun-hye, engulfed in an influence peddling scandal, said if she was impeached she would wait for a court to uphold the decision, a party official said on Tuesday, a sign a political crisis could drag on for months. Separately, South Korea's most prominent corporate chiefs told a parliamentary panel they had not sought...

  • BRUSSELS, Dec 6- The British government's attitude towards impending talks to leave the European Union suggests that Britain's exit will not be smooth and orderly, the head of the group of euro zone finance ministers said on Tuesday. Businesses, investors and opposition lawmakers in Britain say the government should clarify its negotiating position as...

  • *Drug targets genetic mutation common in China, east Asia. LONDON, Dec 6- AstraZeneca's pill Tagrisso cut the risk of lung cancer progressing by 70 percent compared to standard chemotherapy in a major clinical trial, lifting prospects for a drug that is key to the company's lofty long-term sales goals. The medicine is designed to help cancer patients with certain...

  • PARIS, Dec 6- France widened "high risk" restrictions to the entire country after the detection of several cases of the highly pathogenic H5N8 avian flu strain in farms in southwest France and in wild ducks in northern France, the farm ministry said on Tuesday. The decision was also motivated by the "rapid change in the... situation in France and in several European...

  • BERLIN— Germany's highest court opened the way on Tuesday for potentially costly compensation claims from electricity companies over the government's abrupt decision in 2011 to shut down several nuclear reactors and accelerate the closure of the rest. Three big power companies went to the Federal Constitutional Court to argue that the decision...

  • LONDON, Dec 6- The euro held steady near a 3- week high on Tuesday while bets on market volatility stayed close to their highest since June's Brexit vote ahead of this week's European Central Bank meeting due to give new guidance on its quantitative easing programme. The Australian dollar dipped about a quarter of a percent after the Reserve Bank kept interest...

  • BRUSSELS— Britain's finance chief has refused to rule out the possibility that the country may continue paying into European Union coffers for access to the single market after leaving the bloc. In a rare appearance for the regular meeting of the EU's 28 finance ministers, Philip Hammond stressed Tuesday that he wants to minimize the economic disruption from...

  • COPENHAGEN, Denmark— Lego, the Danish company famous for its popular colored toy blocks, says its top boss for the past 12 years will be replaced by the group's current chief operating officer. Padda, the current chief operations officer, joined Lego in 2002 in Enfield, Connecticut. In March, the group said its 2015 revenue soared 25 percent to 35.8 billion kroner.

  • ROME, Dec 6- Measures to allow state aid for Banca Monte dei Paschi di Siena are ready, with the Italian lender's hopes of pulling off a privately-backed fundraising fading, three sources familiar with the matter said on Tuesday. The Tuscan bank is looking to raise 5 billion euros this month to avoid being wound down, but investors are reluctant to commit funds...

  • *China chief says still selling 500 Maybach models a month. *Mercedes-Benz mulling building battery factory in China. STUTTGART, Dec 6- Daimler may make batteries and Mercedes-Benz electric cars in China as part of a drive to manufacture more products locally and to try to boost sales, according to board member Hubertus Troska.