×

Wires

  • *Canadian dollar at C $1.2635, or 79.15 U.S. cents. *Loonie touches its strongest since Aug. 4 at C $1.2588. The price of oil, one of Canada's major exports, fell after U.S. data showed crude output there had jumped to its highest in more than two years.

  • TORONTO, Aug 17- Canada's main stock index opened lower on Thursday, hurt by slips among heavyweight financial and energy stocks. The Toronto Stock Exchange's S&P/TSX composite index was down 21.2 points, or 0.14 percent, at 15,061.01 shortly after the open. Seven of its 10 main sectors were in the red.

  • NEW YORK, Aug 17- A U.S. appeals court on Thursday ruled in favor of Uber Technologies Inc in a lawsuit over whether passengers gave up their right to sue the company when they registered for its taxi-hailing service,. The 2nd U.S. Circuit Court of Appeals in New York vacated a lower court order that had denied motions by Uber and former Chief Executive Officer Travis...

  • NEW YORK— The latest on developments in financial markets:. Stocks are opening slightly lower on Wall Street, led by declines in technology companies, retailers and banks. Network equipment maker Cisco Systems sank 3.1 percent after issuing a disappointing sales forecast.

  • *But says cash flow positive with Brent oil at $50 a barrel. *Expects to grow in Kazakhstan, Middle East. DUBAI, Aug 17- Topaz Energy and Marine expects to expand in Kazakhstan and the Middle East as the Dubai- based oil services company projects better growth for the industry next year with oil prices stabilising around $50 a barrel, its chief executive said.

  • The Jordan- based firm, which makes and markets branded and non-branded generic and injectable drugs, said it now expected 2017 revenue to be about $2 billion, at the lower end of its previous forecast of $2 billion- $2.1 billion. The company had already cut its full-year guidance in May to the range of $2 billion- $2.1 billion at constant currency from $2.2 billion.

  • BOSTON/ NEW YORK, Aug 17- Activist investor William Ackman laid out his case for changes at Automatic Data Processing Inc on Thursday, saying the payroll processor needs to improve its profit margins and integrate its business lines. Ackman's hedge fund Pershing Square Capital Management disclosed earlier this month an 8 percent holding in the $50 billion U.S....

  • BERLIN/ FRANKFURT, Aug 17- Germany's Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up. Transport Minister Alexander Dobrindt backed Lufthansa to buy a major portion of Air Berlin's assets, saying Germany needed a "national champion" in...

  • *China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 15 cents at $50.12 a barrel by 1330 GMT.

  • Aug 17- U.S. stocks opened lower on Thursday after minutes from the Federal Reserve's July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump's ability to pursue his pro-growth policies. The Dow Jones Industrial Average fell 50.31 points, or 0.23 percent, to 21,974.56. The S&P 500 lost 7.62 points, or 0.30...

  • OR YEHUDA, Israel _ Formula Systems Ltd. on Thursday reported second-quarter earnings of $66,000. Formula Systems shares have decreased slightly more than 7 percent since the beginning of the year. Keywords: Formula Systems, Earnings Report.

  • NAIROBI, Aug 17- Kenya's leading telecoms operator, Safaricom, suffered an estimated $3- 4 million in lost revenue from its M-Pesa money transfer business in the past two weeks due a slowdown caused by a tense presidential vote, its chief executive said on Thursday. His main challenger, opposition leader Raila Odinga, who has disputed the outcome, has said he will...

  • LONDON, Aug 17- Asda, the British supermarket arm of Wal-Mart, the world's largest retailer, reported its first underlying sales growth in three years on Thursday and said its back-to-basics turnaround under a new management team was working. Of Britain's big four supermarket players- market leader Tesco, Sainsburys, Asda and Morrisons-- Asda has been hurt the...

  • WASHINGTON, Aug 17- The number of Americans filing for unemployment benefits fell to near a six-month low last week, pointing to a further tightening in the labor market that could encourage the Federal Reserve to lay out a plan to start unwinding its massive bond portfolio. Initial claims for state unemployment benefits dropped 12,000 to a seasonally...

  • COPENHAGEN, Denmark— Danish authorities say two companies have bought 6.8 tons eggs and 108 kilograms of omelet, respectively, from farms involved in the contaminated egg scandal. The Danish Veterinary and Food Administration says in a statement that "no harmful amount" of the pesticide Fipronil, which is dangerous to human health in larger amounts, has been...

  • LAS VEGAS— Former Vice President Al Gore has agreed to be the keynote speaker at a national clean energy summit in Las Vegas this fall. Brian Sandoval are co-hosting the Oct. 13 event. The ex- Senate majority leader says Gore will help lead a bipartisan conversation about the importance of developing clean energy to combat climate change at the October gathering...

  • *Net income to shareholders $2.17 bln, or 83 cents/ share. BEIJING, Aug 17- Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales. In June, Alibaba invested a further $1 billion in Singapore- based e-commerce platform Lazada Group.

  • WASHINGTON, Aug 17- U.S. industrial production rose slightly less than expected in July, the U.S. Federal Reserve said on Thursday. Industrial output rose 0.2 percent after an unrevised 0.4 percent increase in June.

  • LONDON, Aug 17- The euro sank to a three-week low below $1.17 on Thursday after minutes from the European Central Bank's July policy meeting showed officials warning about a possible market overshoot after six months of gains. "The reality is the ECB is definitely more concerned than the market gave it credit for," said Simon Derrick, chief market analyst with Bank...

  • Aug 17- Wall Street was set to open lower on Thursday as minutes from the Federal Reserve's July meeting showed growing concerns over weak inflation, while investors worried about President Donald Trump's ability to pursue his pro-growth policies. Now, you will have to question what the administration will be able to do going forward to implement any kind of...