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Wires

  • *Canadian dollar at C $1.2543 or 79.73 U.S. cents. TORONTO, Aug 22- The Canadian dollar strengthened to a three-week high against its U.S. counterpart on Tuesday after robust domestic retail sales data for June bolstered expectations the Bank of Canada could raise interest rates in October. "Positioning makes it challenging for the CAD rally to persist but lack of...

  • Aug 22- U.S. stocks opened higher on Tuesday as investors picked up beaten-down stocks following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week. The Dow Jones Industrial Average rose 64 points, or 0.29 percent, to 21,767.75. The S&P 500 gained 6.9 points, or 0.28 percent, to 2,435.27.

  • *Jackson Hole conference watched for monetary policy clues. Yields fell to almost two-month lows on Friday as political discord in Washington sparked safety buying and on continuing concern about tensions between the United States and North Korea. I think its a pattern of consolidation weve been falling into, said Aaron Kohli, an interest rate strategist at...

  • CRUDE FUTURES UP 0.6 PCT AT $47.82 A BARREL.

  • *Q4 revenue $2.24 bln vs est $2.16 bln. *Q4 adjusted EPS $0.00 vs est $0.09. Coty reported an adjusted net loss of $3.4 million due to "materially" higher marketing spend for the launch of fragrances such as Gucci Bloom and Hugo Boss Tonic, and higher fixed costs related to the acquisition of P&G's brands.

  • *Qatar's Investment Holding bounces after post-listing slide. DUBAI, Aug 22- Saudi Arabia's stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma'aden, while Dubai also outperformed most Gulf bourses although trading was thin. Maather REIT Fund jumped its 10 percent daily limit from its initial public offer price to 11.0 riyals...

  • *Q3 revenue $1.50 bln vs est $1.51 bln. The company, which builds homes that can cost upwards of $2 million, said average selling price per home fell 6.1 percent to $791,400 in the third quarter ended July 31, even as home sales rose 26 percent to 1,899 units. Toll also narrowed its full-year revenue forecast range to $5.6 billion- $6.0 billion from $5.4 billion- $6.1...

  • BRUSSELS, Aug 22- The European Commission has started an in-depth investigation of Bayer's planned $66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in pesticide and seeds markets. "The Commission has preliminary concerns that the proposed acquisition could reduce competition in a number of different markets...

  • BRUSSELS— The European Union's anti-trust watchdog said Tuesday that it has launched a probe into German chemical maker Bayer's planned acquisition of U.S. seed and weed-killer company Monsanto. The European Commission, which polices competition in Europe, said it has concerns that the merger may reduce competition in areas like pesticides and seeds.

  • *North Sea still generates good price due low political risks. LONDON, Aug 22- French oil major Total has overtaken rival Royal Dutch Shell to become the second-largest producer in the North Sea with its acquisition of Maersk's Norwegian and UK producing assets. The deal boosts the share of eight global oil majors in the North Sea- Statoil, Total, Shell, Exxon Mobil,...

  • >Norway's consumer confidence hits three-year high- FNO. >Norway's risk-averse wealth fund considers next moves. >Norway's economic prospects brighten as election draws near.

  • >Norway's consumer confidence hits three-year high- FNO. >Norway's risk-averse wealth fund considers next moves. >Norway's economic prospects brighten as election draws near.

  • >Norway's consumer confidence hits three-year high- FNO. >Norway's risk-averse wealth fund considers next moves. >Norway's economic prospects brighten as election draws near.

  • NEW YORK, Aug 22- From Michael Jackson's iconic white glove to the star on top of the Rockefeller Center Christmas tree, Swarovski crystals seemingly pop up everywhere. He was a glass cutter from what is now known as the Czech Republic. He went to the first electricity fair in Vienna and saw inventions by Edison and Siemens, and his mind opened up.

  • >Norway's consumer confidence hits three-year high- FNO. >Norway's risk-averse wealth fund considers next moves. >Norway's economic prospects brighten as election draws near.

  • Aug 22- TD Securities, the investment banking arm of Toronto-Dominion Bank Group, said on Tuesday it would expand operations in Dublin to bolster its European business in response to uncertainty triggered by Brexit. The expansion will give the company the flexibility to serve clients after Britain exits the European Union, TD Securities said, adding that it...

  • LONDON, Aug 22- There will be a pause in industrial action among British Airways' mixed-fleet cabin crew in a bid to resolve a conflict over pay and penalties for striking workers, Britain's Unite Union said on Tuesday. "You will be aware that we have not issued any further notice for strike action which will currently end on 30 August," Unite general secretary Len...

  • NEW DELHI— McDonald's India has announced it will close nearly 170 McDonald's outlets in northern and eastern India after the American fast food giant decided to terminate a franchise agreement with its Indian partner. Connaught Plaza Restaurants, which runs 169 McDonald's outlets in northern and eastern India, said Tuesday it is considering legal action...

  • Michael J. OBrien, vice president of corporate and product planning at Hyundai's U.S. unit, told Reuters that Hyundai's top management has given the green light for development of a pickup truck similar to a show vehicle called the Santa Cruz that U.S. Hyundai currently does not offer a pickup truck in the United States. O'Brien said Hyundai plans to launch a small...

  • *Yellen's speech at Jackson Hole on Friday awaited. Aug 22- U.S. stocks were set to open higher on Tuesday as investors picked up beaten-down stocks following a turbulent two weeks, while awaiting the annual central bankers meeting in Jackson Hole later this week. The central banking conference in Jackson Hole, Wyoming, starts Thursday, with Federal Reserve Chair...