×

Wires

  • The Senate has rejected a measure to repeal parts of former President Barack Obama's health law, dealing a serious blow to President Donald Trump and the GOP agenda. John McCain of Arizona, Lisa Murkowski of Alaska and Susan Collins of Maine voted with Democrats to defeat the measure. It's a legislative maneuver so the Senate can pass a bill that a House-Senate...

  • BERLIN, July 28- Air France-KLM offered more optimism than rivals on pricing for the rest of the year, after good travel demand resulted in better than expected second-quarter profit. The results come a day after the carrier announced a new transatlantic joint venture with Delta Air Lines and Virgin Atlantic and deals for Delta and China Eastern to enter its...

  • *China H1 truck sales up over 22 percent year-on-year. Diesel demand in China is expected to grow by up to 0.3 percent in 2017 and by 0.5 percent in 2018 after shrinking by 3.5 percent last year, said Sri Paravaikkarasu, the head of' east of Suez oil' at energy consultancy FGE. "A variety of factors- improvement in mining and industrial activity, commercial vehicle sales...

  • BEIJING, July 28- China will maintain a crack down on foreign exchange irregularities to ensure stability in the currency market and the broader economy, the country's forex regulator said on Friday, in a sign Beijing will continue to keep a tight leash on capital outflows. And there is little sign Beijing will relax the restrictions despite the yuan's recent...

  • PARIS, July 28- BNP Paribas, France's biggest listed bank, posted a smaller than expected drop in second-quarter net income on Friday, as it benefited from cost cuts and stronger revenue in its investment banking division. "CIB had very good quarter," BNP Paribas said in a statement after it reported a 6.4 percent drop in net income to 2.396 billion euros, beating by...

  • PARIS, July 28- French carmaker Renault said first-half sales and profit rose to a new record, buoyed by the consolidation of Lada maker AvtoVAZ and a bigger contribution from affiliate Nissan. Operating profit jumped 18 percent to 1.82 billion euros, Renault said on Friday, in step with the increase in revenue to 29.5 billion- boosted by the inclusion of its...

  • WASHINGTON— Senate rejects measure to repeal parts of Obama health law, dealing serious blow to GOP and Trump's agenda.

  • PARIS, July 28- Aero engine maker Safran reported a 0.9 percent dip in core first-half profit on Friday as it carries out a product switch between its best-selling CFM56 engine and the new LEAP. Recurring operating income fell to 1.218 billion euros from 1.230 billion, dragging the operating margin 0.2 percentage points lower to 15.2 percent.

  • TOKYO— The alliance of Japanese automaker Nissan Motor Co. and Renault SA of France led in global vehicle sales for the first half of this year, the first time it has claimed top rank. That was more than Volkswagen AG at 5,155,600, and Japanese rival Toyota Motor Corp., which said Friday it sold 5,129,000 vehicles in the first half. Toyota, which makes the Camry sedan,...

  • PARIS, July 28- French state-controlled utility EDF said its first-half 2017 core earnings dropped nearly 22 percent to 6.99 billion euros as two nuclear plants remained closed and competition weighed on prices. Sales fell 2.6 percent to 35.72 billion euros, earnings before interest and taxes fell 14 percent to 3.88 billion euros and net income fell 3.7...

  • PARIS, July 28- French construction group Vinci on Friday kept forecasts for higher annual earnings and revenue after strong momentum at its airports and motorway concessions business, and a recovering construction market lifted its first half results. Europe's biggest construction and concessions company said first-half operating profit rose 9.5...

  • PARIS, July 28- French asset manager Amundi posted a 1 percent fall in assets under management over the second quarter to 1.12 trillion euros, weighed down by outflows from institutional clients. Amundi, which says it has become the largest listed asset manager in Europe after the acquisition of Pioneer Investments, reported second-quarter net outflows of 3.7...

  • MILWAUKEE— A Rust Belt state that built a manufacturing legacy through assembly-line jobs will have to quickly transition to a more highly skilled workforce now that Foxconn has selected Wisconsin as the site of its coveted U.S. electronics plant. Foxconn is best known for making iPhones and other Apple products in China. Scott Walker and Foxconn CEO Terry Gou...

  • TOMS RIVER, N.J. _ OceanFirst Financial Corp. on Thursday reported second-quarter profit of $7.7 million. The holding company for OceanFirst Bank posted revenue of $53.9 million in the period. Keywords: OceanFirst Financial, Earnings Report.

  • PARIS, July 28- Aero engine maker Safran reported a 0.9 percent dip in core first-half profit on Friday as it carries out a product switch between its best-selling CFM56 engine and the new LEAP. Recurring operating income fell to 1.218 billion euros from 1.230 billion, dragging the operating margin 0.2 percentage points lower to 15.2 percent, Safran said in a...

  • SHANGHAI, July 28- China stocks were flat on Friday morning but the Shanghai benchmark is set for a sixth week of gains, as resource shares climbed on solid earnings and optimism that Beijing's supply-side reforms will further boost raw material prices. China's blue-chip CSI300 index rose 0.2 percent, to 3,718.18 points by the lunch break, while the Shanghai...

  • *US M&A in China at $523 mln in 1 H, lowest since 2003. *US' China deals dropped 87 percent from the first half of 2015. The value of mergers and acquisitions involving American companies in China dropped 32 percent to just $523 million in the six months to June 30 from $771 million in the same period last year, and were down 87 percent from $4 billion in the first six months...

  • WASHINGTON, July 28- The U.S. economy likely accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, which would confirm that the sluggish performance early in the year was temporary. The Commerce Department will release its advance second-quarter GDP estimate on Friday at 8:30 a.m. EDT.

  • The funds say their cross-holdings reflect a long-term commitment to Puerto Rico, and give them more of a stake than other creditors in righting the island's ship. It adds a wrinkle to already complex restructuring talks, muddying the path to recovery for investors who tied up their savings in Puerto Rico. While it is not rare for a creditor to hold multiple...

  • The funds say their cross-holdings reflect a long-term commitment to Puerto Rico, and give them more of a stake than other creditors in righting the island's ship. It adds a wrinkle to already complex restructuring talks, muddying the path to recovery for investors who tied up their savings in Puerto Rico. While it is not rare for a creditor to hold multiple...