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Wires

  • The company was delisted from the Milan bourse in 2015, where its shares had traded since 1922, following a mandatory offer launched by an investment vehicle controlled by China National Chemical Corp. It said Marco Polo would be granted 1.25 billion euros in bank financing to be repaid with the IPO proceeds. Pirelli would launch a 1.2 billion euro capital...

  • *South Korea defense ministry: No change in THAAD agreement. President Donald Trump told Reuters on Thursday he will either renegotiate or terminate what he called a "horrible" free trade deal with South Korea and said Seoul should pay for a U.S. anti-missile system that he priced at $1 billion. In an interview with Reuters, Trump called the five-year-old trade...

  • BEIJING, April 28- Bank of China Ltd, the country's fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet. Profit was 46.6 billion yuan in the three months ended March 31, flat from 46.6 billion yuan a year earlier. Its NPLs topped 150.3 billion yuan at end-March compared...

  • *Profit rise driven by credit cards, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under its American Chief Executive Jes Staley.

  • PORTLAND, Ore. _ Portland General Electric Co. on Friday reported first-quarter net income of $73 million. On a per-share basis, the Portland, Oregon- based company said it had net income of 82 cents. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 82 cents per share.

  • ISTANBUL, April 28- Turkey's central bank raised its inflation forecasts for this year and next on Friday and said it was ready to tighten policy further if needed, but added it was confident that its recent steps would start to bear fruit in the months ahead. Governor Murat Cetinkaya said monetary policy would remain tight until there was a significant...

  • LONDON— Britain's economic growth slowed in the three months through March as concerns about the U.K.' s impending exit from the European Union hurt consumer spending. The Office for National Statistics says the economy grew 0.3 percent from the previous quarter, slower than the 0.4 percent forecast, as inflation brought on by the weaker pound reduced...

  • BEIJING, April 28- Toshiba Corp's Westinghouse Electric Co unit will continue operating normally in Asia and Europe, despite the ongoing Chapter 11 restructuring, an executive at the troubled company said on Friday. Westinghouse filed for bankruptcy last month, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the...

  • KAOHSIUNG, Taiwan _ Advanced Semiconductor Engineering on Friday reported first-quarter earnings of $82.3 million. Advanced Semiconductor Engineering shares have risen 25 percent since the beginning of the year. Keywords: Advanced Semiconductor Engineering, Earnings Report.

  • SEATTLE _ Weyerhaeuser Co. on Friday reported first-quarter net income of $157 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Weyerhaeuser shares have risen 15 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7 percent.

  • ROLLING HILLS ESTATES, Calif. _ Natural Health Trends Corp. on Thursday reported first-quarter net income of $10.4 million. Natural Health Trends shares have climbed 18 percent since the beginning of the year. Keywords: Natural Health Trends, Earnings Report.

  • ZURICH _ UBS AG on Friday reported first-quarter profit of $1.26 billion. The bank, based in Zurich, said it had earnings of 33 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BRUSSELS— Inflation across the 19- country eurozone pushed up to the European Central Bank's target in April as an improvement in the economy showed clear signs of driving up prices. Statistics agency Eurostat said Friday that its headline rate rose to 1.9 percent over the year to April from 1.5 percent the previous month. On Thursday, ECB President Mario...

  • LOS ANGELES _ Hope Bancorp Inc. on Thursday reported first-quarter profit of $37 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Hope Bancorp shares have decreased 13 percent since the beginning of the year.

  • VANCOUVER, British Columbia _ First Quantum Minerals Ltd. on Thursday reported a loss of $114 million in its first quarter. On a per-share basis, the Vancouver, British Columbia- based company said it had a loss of 17 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • EDINBURGH, Britain _ Royal Bank of Scotland Group PLC on Friday reported first-quarter net income of $464.4 million, after reporting a loss in the same period a year earlier. The Edinburgh, Britain- based bank said it had earnings of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HSINCHU, Taiwan _ Silicon Motion Technology Corp. on Thursday reported first-quarter net income of $23.5 million. For the current quarter ending in July, Silicon Motion said it expects revenue in the range of $134 million to $140 million. Silicon Motion shares have increased 4 percent since the beginning of the year.

  • SANTIAGO, Chile _ Banco Santander-Chile on Thursday reported first-quarter net income of $163.1 million. Banco Santander-Chile shares have increased almost 8 percent since the beginning of the year. Keywords: Banco Santander-Chile, Earnings Report.

  • SOUTH SAN FRANCISCO, Calif. _ Cytokinetics Inc. on Thursday reported a loss of $25.9 million in its first quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. Cytokinetics shares have increased 40 percent since the beginning of the year.

  • SHANGHAI, April 28- Agricultural Bank of China Ltd, the country's third-largest lender by assets, reported on Friday a 1.87 percent rise in net profit for the first quarter, missing analysts estimates. Profit was 55.71 billion yuan in the three months through March compared to 54.69 billion yuan in the same period a year prior. The result compared with an average...