Wires

  • WELLINGTON, Fla. _ KLX Inc. on Thursday reported fiscal third-quarter net income of $19.8 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Wellington, Florida- based company said it had net income of 38 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MOSCOW, Dec 8- The Kremlin said on Thursday it has had no contact with Carter Page, previously described as a foreign policy adviser to U.S. The RIA news agency reported earlier on Thursday that Page had arrived in Moscow to meet with businessmen and politicians. Kremlin spokesman Dmitry Peskov told reporters on a conference call there had been no contacts.

  • LONDON, Dec 8- European shares climbed to a three-month high on Thursday, with investors betting that the European Central Bank will extend its asset purchases after a policy meeting later in the day. Italian Prime Minister Matteo Renzi's resignation following a crushing referendum defeat is the latest example, with focus turning to elections in France and...

  • LONDON, Dec 8- Italian bank Intesa Sanpaolo is expected to provide the bulk of non-recourse funds to commodities trader Glencore to help it finance the purchase of a stake in the Kremlin oil major Rosneft, two sources familiar with the transaction said. Russia said on Wednesday it had sold a stake in Rosneft for 10.5 billion euros to Qatar and Glencore.

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. "Optimism over the OPEC cut decision has eroded a bit," said SEB Chief Commodities Analyst Bjarne...

  • ITALIAN BANK INTESA SANPAOLO EXPECTED TO PROVIDE BULK OF NON-RECOURSE FINANCE TO GLENCORE FOR THE ROSNEFT DEAL- TWO SOURCES.

  • LONDON, Dec 8- TUI Group, Europe's largest travel company, announced an extended profit forecast on Thursday in a show of confidence after posting 12.5 percent annual core earnings growth despite disruption as holidaymakers avoided destinations such as Turkey. Looking to its new financial year, TUI said winter bookings were up 5 percent, while for the summer...

  • FRANKFURT, Dec 8- Technical trade secrets were stolen from ThyssenKrupp AG in a cyber attack earlier this year, the steelmaker said on Thursday. "ThyssenKrupp has become the target of a massive cyber attack," the German company said in a statement. In attacks discovered in April and traced back to February, hackers stole project data from ThyssenKrupp's plant...

  • *World share markets climb for 4th day, Wall Street at record. *China trade beats forecasts, commodity imports jump. LONDON, Dec 8- World shares climbed to a near three-month high on Thursday as encouraging China data and a record high Wall Street kept traders upbeat ahead of an expected extension of the European Central Bank's already generous stimulus programme.

  • *Jury out on proposed OPEC oil production cuts. LONDON, Dec 8- Oil prices steadied around $50 a barrel on Thursday, close to the week's lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. OPEC members and oil producers outside the group will meet again this weekend in Vienna to...

  • *Euro firms ahead of European Central Bank policy statement. LONDON, Dec 8- New Zealand's dollar was the biggest gainer among major currencies on Thursday, rising 0.7 percent after a speech by Reserve Bank Governor Graeme Wheeler added to speculation the bank would raise interest rates next year. With all eyes fixed on a European Central Bank meeting widely...

  • *Cuts 2016 profit forecast for second time in three months. *Outlook next year still tough. EDINBURGH, Dec 8- British outsourcer Capita said it would sell assets and trim costs in a bid to protect its balance sheet after Brexit-related client indecision prompted it to cut its profit forecast for the second time in three months.

  • ATHENS, Greece— Public services in Greece have been disrupted by a general strike called by unions against ongoing austerity measures. The strike went ahead despite a decision this week by bailout lenders to grant Greece a series of short-term debt relief measures aimed at evening out the country's repayment schedule. Greece' left-wing government is still...

  • MOSCOW, Dec 8- Russia's foreign ministry has no plans to meet with Carter Page who was previously described as a foreign-policy adviser to U.S. president-elect Donald Trump, Interfax news agency reported on Thursday. "As things stand this morning, there are no plans in the foreign ministry to hold a meeting with him," Interfax quoted Deputy Foreign Minister Sergei...

  • *Markets expect asset buys to remain at 80 bln euros a month. FRANKFURT, Dec 8- The European Central Bank will extend its already generous asset buys on Thursday, aiming to boost stubbornly weak inflation, but with much of its firepower exhausted it may also debate sending a token signal about the eventual end of such purchases. Emphasising abundant risk, including...

  • SEOUL, South Korea— Global shares rose on Thursday following upbeat trade data from China. KEEPING SCORE: Britain's FTSE 100 gained 0.2 percent to 6,914.73 and France's CAC 40 added 0.3 percent to 4,709.35. CHINA TRADE IMPROVES: In China, exports grew last month for the first time in nine months while imports also rose in a sign of global and domestic demand are...

  • NEW DELHI/ MUMBAI, Dec 8- India on Thursday scrapped its 10 percent import duty on wheat after droughts in the past two years depleted stocks and raised prices, a move that traders said could lift overseas purchases to their highest in a decade. The removal of the import duty comes after local wheat prices hit a record high last month, and should help private traders...

  • BEIJING, Dec 8- China's imports grew at the fastest pace in more than two years in November, fueled by its strong thirst for commodities from coal to iron ore, while exports also rose unexpectedly, reflecting a pick-up in both domestic and global demand. "The improvement reflects a strengthening in global demand, with recent business surveys suggesting that...

  • LONDON, Dec 8- European shares climbed to a three-month high on Thursday, mirroring gains on Wall Street and in Asia, with investors betting that the European Central Bank will extend its asset purchase program after a policy meeting later in the day. The central bank, which aims to boost stubbornly weak price growth, will announce its main policy decisions at 1245...

  • *Without changes, Ireland could be cut from QE in Jan. LONDON, Dec 8- Euro zone government bond yields crept higher as investors waited to see whether the European Central Bank would meet their high expectations for fresh stimulus at its final meeting of the year on Thursday. "Draghi is facing a serious challenge though as market expectations for an extension of the...