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  • TEL AVIV, Israel _ Wix.com Ltd. on Wednesday reported a loss of $12.3 million in its second quarter. For the current quarter ending in October, Wix.com said it expects revenue in the range of $52 million to $53 million. Wix.com shares have risen 30 percent since the beginning of the year.

  • LONDON, Aug 5- Standard Chartered halved its dividend and said it would raise capital from investors if needed, as new chief Executive Bill Winters outlined his thoughts on reviving a bank hit by a 44 percent slump in first-half profit. Shares in the Asia- focused lender rose 4.5 percent to 994.9 pence on Wednesday as investors welcomed Winters' move to set a target...

  • LONDON, Aug 5- Oil prices rose for a second day on Wednesday, recovering from a drop below $50 a barrel after weekly data showed a fall in U.S. crude stocks, although a stronger dollar tempered gains. Growing oversupply, slowing demand from China and the prospect of crude flooding onto the market from Iran after Tehran's deal with the West over its nuclear program...

  • FRANKFURT, Aug 5- Beiersdorf reported better than expected profits on Wednesday, thanks to rising sales of its Nivea and Eucerin skin creams, the weaker euro and lower costs, and said sales growth should accelerate in the second half, lifting its share price. "Even though CEO Heidenreich's dynamic strategy/push for top-line growth seems to be failing... we expect...

  • LONDON, Aug 5- European shares rose on Wednesday, led higher by Societe Generale, which jumped more than 9 percent after posting its second-quarter results. Among other individual gainers, Nivea maker Beiersdorf rose 2.6 percent after beating profit expectations. And London- listed mining companies BHP, Rio and Glencore added between 1.8 and 2.7 percent after...

  • NEW YORK— Companies have learned to use Facebook, Instagram and other social media to drum up business and now they're finding ways to exploit two new apps, Periscope and Meerkat. The apps allow users to stream live video using just a smartphone. Periscope is owned by short-messaging service Twitter and Meerkat by startup Life on Air Inc. Meerkat's investors...

  • LONDON, Aug 5- The dollar rose to its highest in more than three months and U.S. The comments on Tuesday from Atlanta Federal Reserve President Dennis Lockhart, regarded as one of the Federal Open Market Committee's centrist policymakers, put next month back on the table for the first U.S. rate hike in almost a decade. Solid European corporate earnings, notably from...

  • The victory gives Japan's largest carrier access to Skymark's 36 landing slots at Tokyo's crowded Haneda airport, helping it cement its domestic dominance over Japan Airlines Co Ltd.. ANA operates airlines in Japan, has already discussed business plans with Skymark and is close to Prime Minister Shinzo Abe's government, the creditor added, declining to be...

  • BANGKOK, Aug 5- Thailand's central bank on Wednesday left its already-low benchmark interest rate steady again, signalling its belief that the weakening baht can aid exports and economic recovery better than a rate cut can. The Bank of Thailand said its 2015 growth forecast of 3.0 percent is being lowered again, due to poor exports, but said it won't give the new...

  • BUCHAREST, Romania— A Romanian court has rejected an appeal by the general manager and six executives of Russian oil company Lukoil who have been indicted on tax evasion and money laundering charges. The Court of Appeal in Ploiesti dismissed the appeal made by general manager Andrey Bogdanov, a Russian citizen, and six Romanian and Russian managers at the...

  • Wednesday's Markit/ CIPS services purchasing managers' index fell to 57.4 in July from 58.5 in June, undershooting a Reuters poll forecast for 58.0 but still indicating expansion among services businesses. And survey compiler Markit suggested the upturn was relying on financial services companies, which in July enjoyed their best month since 2013. By...

  • HONG KONG, Aug 5- Hong Kong shares rose slightly on Wednesday, shrugging off the impact from mainland shares which fell as investors remained wary following the recent volatility. ANTA Sports Products, China's top sportswear retailer by market value, saw its first-half net profit up by a fifth due to growth in sales of its children's lines and high-end FILA...

  • With conditions and sentiment improving in the bloc after the deal, Markit's July final Composite Purchasing Managers' Index beat an earlier estimate of 53.7, settling at 53.9. The composite PMI pointed to third-quarter expansion of 0.4 percent, Markit said, in line with the expectations for the previous three months but less than the 0.5 percent median...

  • LONDON, Aug 5- British insurer Legal& General posted a forecast-beating 18 percent rise in first-half operating profit on Wednesday, helped by strong performance in the bulk annuity corporate pensions market, sending its shares up over 3 percent. "We see strong demand for pension derisking and longevity insurance across the world," said Nigel Wilson, chief...

  • ATHENS, Aug 5- Greek bank shares sold off sharply pressure for the third day in a row on Wednesday with the bank sector share index losing 14.8 percent in early deals. The broader market reversed small opening gains to trade lower, dragged down by the banks which comprise about 20 percent of the main index. Athens bourse's benchmark general index traded 1.28...

  • LONDON, Aug 5- The dollar hit a 3-1/ 2 month high against a basket of currencies on Wednesday after a voting member of the U.S. Atlanta Federal Reserve President Dennis Lockhart's comments supported dollar bulls, many of whom were having a rethink about whether the Fed would raise rates this year after subdued wages and tepid growth in the first quarter clouded the...

  • KIEV, Aug 5- Ukraine's foreign currency reserves totalled $10.4 billion at the end of July, a small rise from $10.264 billion in June, Oleh Churiy, a deputy head of the central bank, said on Wednesday. He said the bank had bought $112 million on the market in July. Ukrainian officials have said reserves will increase further in August due to the disbursement of $1.7...

  • TOKYO, Aug 5- Japanese government bond prices edged lower on Wednesday, tracking Treasuries prices after a Federal Reserve official expressed support for a U.S. interest rate hike in September. U.S. debt yields rose overnight after Atlanta Federal Reserve President Dennis Lockhart, a voter this year on the Federal Open Market Committee, told the Wall Street...

  • LONDON, Aug 5- European shares rose on Wednesday, led higher by Societe Generale which jumped 7 percent after posting its second-quarter results. The French bank reported better-than-expected earnings and said it would target a slightly bigger cushion of capital and higher cost savings. The pan-European FTSEurofirst 300 index was up 0.6 percent by 0707 GMT,...

  • Nikos Filis said Greece was seeking a full agreement so that it could receive a first payment of 25 billion euros. Filis was speaking amid signs of progress in talks between Greece, the International Monetary Fund and European Union institutions on a new bailout worth up to 86 billion euros. A deal must be must be settled by Aug. 20, or a second bridge loan agreed, if...