Wires

  • *GfK Verein board member named as new GfK chairman. FRANKFURT, Aug 25- German market research firm GfK named an executive from its main shareholder as its chairman on Thursday, on the same day a magazine reported the shareholder was considering a sale or merger for GfK. GfK itself, which is worth around 1 billion euros on the stock market, declined to comment, as did IMS...

  • NEW YORK, Aug 25- U.S. The Commerce Department said on Thursday that non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, increased 1.6 percent last month. "We're trading a little heavy here after the data," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

  • NEW DELHI/ MUMBAI, Aug 25- When Urjit Patel became head of the Reserve Bank of India's monetary police department three years ago, the to and fro of bankers and traders meeting officials for cozy, broad-ranging discussions abruptly ended. "Too much communication can also confuse markets," said A. Prasanna, an economist at ICICI Securities Primary Dealership Ltd..

  • *TD adjusted EPS C $1.27 vs average C $1.21 forecast. *TD's Canada retail income hurt by Alberta wildfires. TD said earnings, excluding one-off items, rose to $2.42 billion, or C $1.27 per share, in the third quarter ending July 31 from C $2.29 billion, or C $1.20 per share, a year earlier.

  • WASHINGTON, Aug 25- New orders for U.S. manufactured capital goods rose for a second straight month in July as demand for machinery and a range of other products picked up, offering a tentative sign that a business spending downturn was starting to ease. The Commerce Department said non-defense capital goods orders excluding aircraft, a closely watched proxy...

  • LONDON, Aug 25- Facebook, Twitter and YouTube should hire more people to monitor hate speech and material inciting violence as well as putting staff in police operation centres to remove offending posts faster, British lawmakers said. "Huge corporations like Google, Facebook and Twitter, with their billion dollar incomes, are consciously failing to tackle this...

  • PARIS, Aug 25- Documents relating to Indian submarines were stolen from French naval contractor DCNS and not leaked, a French government source said on Thursday, adding that the information published so far showed only operational aspects of the submarines. India and France have opened investigations after The Australian newspaper published on Wednesday...

  • Aug 25- Wall Street was set to open lower on Thursday as investors treaded water ahead of Federal Reserve Chair Janet Yellen's speech at a gathering of central bankers that could paint a clearer picture on interest rates hikes. Yellen addresses the annual meeting at Jackson Hole, Wyoming on Friday at 10:00 a.m. ET. Kansas City Fed President Esther George on...

  • Aug 25- Ride-hailing giant Uber Technologies Inc lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter. The subsidies Uber grants its drivers was the main reason for the loss, finance head Gautam Gupta told investors in a...

  • UPDATE 1-Fed should hike rates gradually, George says in Jackson Hole.

  • *Q2 EPS of $0.84 beats estimates of $0.72. Tiffany's net income inched up to $105.7 million, or 84 cents per share, in the quarter ended July 31 from $104.9 million, or 81 cents per share, a year earlier. Analysts on average were expecting profit to drop to $89.8 million, or 72 cents per share, according to Thomson Reuters I/B/E/S.

  • OTTAWA, Aug 25- China opposes Canada's stance that bilateral ties cannot be improved until a dispute over Canadian canola exports has been settled, the Chinese embassy in Ottawa said in a statement on Thursday. China plans to toughen inspection standards for Canadian canola on Sept 1, when Canadian Prime Minister Justin Trudeau is due to be in the country for his...

  • LONDON, Aug 25- Financial technology groups from more than 20 cities across the world plan to form a federation of' fintech' hubs this year in what would be the first attempt to coordinate and globalize web-based innovation transforming the financial industry. Innotribe, the innovation arm of financial communications provider SWIFT, and Innovate Finance, the...

  • NO REASON TO BELIEVE CLASSIFIED DOCUMENTS WERE STOLEN - SOURCE.

  • FRANCE'S DCNS DOCUMENTS FOR INDIAN SUBMARINES WERE STOLEN NOT LEAKED- FRENCH GOVT SOURCE.

  • STOLEN DCNS DOCUMENTS AT THIS STAGE APPEAR TO ONLY SHOW OPERATIONAL ELEMENTS OF INDIAN SUBMARINES- FRENCH SOURCE.

  • NO REASON TO BELIEVE CLASSIFIED DOCUMENTS WERE STOLEN - SOURCE.

  • Signet cut its current-year adjusted profit forecast to $7.25 to $7.55 per share, from $8.25 to $8.55 per share, citing challenging market conditions in energy-dependent regions. Net income rose to $81.9 million, or $1.06 per share, from $62.2 million, or 78 cents per share, a year earlier. Jonathan Sokoloff, managing partner of Leonard Green& Partners, will join...

  • MUMBAI, Aug 25- Vodafone Group Plc's Indian unit is likely to delay filing the draft prospectus for its up to $3 billion initial public offering until towards the end of the year, IFR reported on Thursday. The IPO, expected to raise between 133 billion rupees and 200 billion rupees, could potentially surpass a 155- billion rupees IPO by state-run Coal India in 2010...

  • Global crude oil benchmark Brent was down 10 cents at $48.95 a barrel by 1230 GMT, having closed down 1.8 percent on Wednesday. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria on Sept. 26-28. But hopes of a deal have been dampened by...