×

Wires

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- The euro edged back towards the previous day's five-month high on Tuesday after posting its biggest one-day rise since June, on growing confidence that the market-friendly Emmanuel Macron would beat far-right rival Marine Le Pen to become the next French president. The centrist Macron won Sunday's French election first round, sending the...

  • April 25- Hong Kong stocks posted their biggest percentage gain in nearly six weeks on Tuesday, joining a region-wide rebound amid euphoria triggered by the market-friendly outcome of the first round of the French presidential election. Overnight, the MSCI World index surged 1.6 percent to an all-time high, as French stocks jumped more than 4 percent, while...

  • LONDON— Britain's opposition Labour Party says it will tear up the government's negotiating plan for Brexit and guarantee all European Union citizens in the U.K. the right to stay if it wins the June 8 national election. Prime Minister Theresa May says giving her Conservatives a bigger majority will strengthen Britain's hand in EU divorce talks.

  • *Agreed Akorn bid of $34 per share. FRANKFURT, April 25- German healthcare group Fresenius SE& Co KGaA has stepped up its dealmaking, agreeing to buy U.S. generic drugmaker Akorn Inc for $4.75 billion and the biosimilars arm of Germany's Merck KGaA. But his successor, former finance chief Stephan Sturm, is lifting the pace, having already bought a Spanish hospital...

  • PARIS— The magnate behind the LVMH luxury empire is seeking to strengthen control over Christian Dior in a multibillion-dollar deal combining the fashion industry heavyweights. Shares in both companies jumped Tuesday after Christian Dior, LVMH Moet Hennessy- Louis Vuitton and the Arnault Family Group announced a series of transactions consolidating...

  • *Markets pricing out Le Pen risks. *Le Pen to square off against Macron on May 7. Far-right Le Pen is lagging the favorite, centrist Emmanuel Macron, by around 20 points in opinion polls before their run-off on May 7, with rival lawmakers urging their supporters to back Macron.

  • WASHINGTON— President Donald Trump plans to stick with his campaign pledge to slash the corporate tax rate from 35 percent to 15 percent, but the dramatic cut raises a problematic question for the White House: How can the president deliver the "massive" tax cut he promised without also blowing a massive hole in the budget? A senior administration official...

  • WASHINGTON— The State Department has removed its promotional posting about President Donald Trump's Florida resort, after a storm of ethics criticism. "By visiting this' winter White House,' Trump is belatedly fulfilling the dream of Mar-a-Lago's original owner and designer," the post said. The White House did not respond to questions about whether it had any...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • WASHINGTON— Going into this week's federal budget battle, the White House toyed with a hardball tactic to force congressional Democrats to negotiate on President Donald Trump's priorities. The Kaiser Family Foundation found that taxpayers would end up paying 23 percent more than the potential savings from eliminating the health law's "cost-sharing"...

  • SINGAPORE, April 25- Is it yet time to call the crude oil output cuts by OPEC and its allies a failure? Certainly there is an increasing disconnect between the rhetoric of OPEC and other producers cutting output on the one hand and the reality of a well-supplied crude oil market and mixed signals on the level of global inventories on the other.

  • STOCKHOLM/ LONDON, April 25- Mobile telecom equipment maker Ericsson plunged to a quarterly operating loss on Tuesday, hit by shrinking markets and restructuring costs. The Swedish company, which is focusing on its core networks business under new chief executive Borje Ekholm, reported an operating loss of 12.3 billion Swedish crowns as previously announced...

  • SYDNEY, April 25- Copper reversed early losses in Asia on Tuesday to trade higher on the back of strong regional equities markets that broadened investor appeal for cyclical assets such as industrial commodities. *SHANGHAI: The most-traded copper contract on the Shanghai Futures Exchange settled 0.04 percent higher at 46,030 yuan a tonne.

  • WASHINGTON— Ivanka Trump's advocacy for women and girls will take her to a conference in Berlin Tuesday, an attention-getting first international outing aimed at building support for investment in women's economic empowerment programs. Trump, an unpaid White House adviser, has not yet offered specific legislation or publicly revealed how she plans to move...

  • SHANGHAI, April 25- China stocks steadied on Tuesday following a sharp sell-off the previous session. Yang Hai, strategist at Kaiyuan Securities, described the rebound, which came after the market's over 1 percent drop on Monday- the biggest percentage loss for the year- as "technical" in nature. The official Xinhua News Agency said late on Monday that the new draft...

  • SHANGHAI, April 25- China stocks steadied on Tuesday following a sharp sell-off the previous session. Yang Hai, strategist at Kaiyuan Securities, described the rebound, which came after the market's over 1 percent drop on Monday- the biggest percentage loss for the year- as "technical" in nature. The official Xinhua News Agency said late on Monday that the new draft...

  • Bullion prices fell about 0.7 percent in the previous session after touching $1,265.90 an ounce, the lowest since April 11, following the first round of France's presidential election that indicated less support for far-right candidate Marine LePen. "People are going on the risk-on scenario, but gold didn't really fall too far away," said Yuichi Ikemizu, head of...

  • WASHINGTON— Bipartisan bargainers are making progress toward a budget deal to prevent a partial federal shutdown this weekend, a major hurdle overcome when President Donald Trump signaled he would put off his demand that the measure include money to build his border wall with Mexico. Republicans hope to avoid the ignominy of a government shutdown while...