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Wires

  • A temporary export ban of neodymium by major supplier China in 2010 during a territorial dispute with Japan and periodic supply shortages have highlighted automakers' dependence on these materials. "An increase in electric car production will raise the need for motors, which will result in higher demand for neodymium down the line," Akira Kato, general project...

  • *Berlin- based firm cash-flow positive. BERLIN, Feb 20- It might seem a tall order to persuade people to spend as much to learn a language on their smartphone as it costs to subscribe to a music streaming or video-on-demand service. But Berlin- based startup Babbel says that, after 10 years in business, it has finally cracked the U.S. market, where sales more than doubled...

  • HONG KONG/ LONDON, Feb 20- HSBC Holdings reported a smaller than expected rise in annual profits and unveiled plans to raise up to $7 billion to bolster its capital, as CEO Stuart Gulliver hands over to a new leadership team on Tuesday. HSBC's profit before tax was $17.2 billion for 2017, which compared with $7.1 billion the year before but came in below the $19.7...

  • LONDON, Feb 20- European shares were mixed ahead of Wall Street's return from a holiday, with banks falling after HSBC reported weaker than expected earnings and said it needed as much as $7 billion of fresh capital. At 0955 GMT, the pan-regional STOXX 600 benchmark was unchanged at 378.24 points after Europe ended a three-day recovery during the previous...

  • HOUSTON _ Helix Energy Solutions Group Inc. on Monday reported fourth-quarter net income of $50.6 million, after reporting a loss in the same period a year earlier. The Houston- based company said it had profit of 34 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 1 cent per share.

  • BERWYN, Pa. _ Trinseo SA on Monday reported fourth-quarter earnings of $117.7 million. For the current quarter ending in April, Trinseo expects its per-share earnings to range from $2.34 to $2.52. Trinseo shares have increased 12 percent since the beginning of the year.

  • PLYMOUTH, Minn. _ Mosaic Co. on Monday reported a fourth-quarter loss of $431.1 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Plymouth, Minnesota- based company said it had a loss of $1.23. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.

  • HOUSTON _ Superior Energy Services Inc. on Monday reported fourth-quarter net income of $8.6 million, after reporting a loss in the same period a year earlier. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 32 cents per share. Eight analysts surveyed by Zacks expected $508.2 million.

  • *Ghana also considering green bond sale. ACCRA, Feb 20- Ghana plans to issue a sixth Eurobond of up to $2 billion by June and has received keen interest from Asian investors, finance minister Ken Ofori-Atta said on Tuesday. Ghanaian officials last week met investors in Singapore and Hong Kong to seek favorable terms for the bond, originally envisaged at $1 billion...

  • LONDON, Feb 20- The Indian rupee slid to a near three-month low on Tuesday amid growing concerns about an alleged major bank fraud at India's second-largest state-run lender, whilst emerging stocks fell half a percent. Investors have also been unsettled by India's trade deficit hitting its highest in over 4-1/ 2 years in January. India's 10- year local...

  • JOHANNESBURG, Feb 20- AngloGold Ashanti will spend up to $500 million to mechanise its Obuasi mine in Ghana, capping a dramatic saga for an asset rendered worthless when it was invaded by thousands of illegal miners. The company announced last year that Ghana's military had cleared out the illegal miners, who had numbered up to 12,000 at one point, from Obuasi in...

  • LONDON, Feb 20- Sterling fell against the dollar on Tuesday as the U.S. currency rebounded from recent lows, while traders said they were looking to crucial British earnings data due later this week that could help cement bets the central bank will hike rates in May. Bank of England Governor Mark Carney earlier this month said interest rates needed to rise a bit...

  • LONDON, Feb 20- Sterling fell against the dollar on Tuesday as the U.S. currency rebounded from recent lows, while traders said they were looking to crucial British earnings data due later this week that could help cement bets the central bank will hike rates in May. Bank of England Governor Mark Carney earlier this month said interest rates needed to rise a bit...

  • OSLO, Feb 20- Dry bulk shipper Golden Ocean proposed a bigger than expected dividend for the fourth quarter on the back of forecast-beating results on Tuesday, and reiterated the market was getting better. On Tuesday, Golden Ocean said it would pay a dividend of $0.10 per share against expectations for $0.02 in a Reuters poll of analysts. Golden Ocean posted...

  • *FTSE down 0.1 pct; mid cap index up 0.7 percent. MILAN, Feb 20- The UK's top share index inched lower on Tuesday, weighed down by a disappointing update from banking heavyweight HSBC and declines in big mining stocks on metal price weakness. The FTSE index was down 0.16 percent at 7,236 points by 0825 GMT, underperforming a broadly positive European market, while the...

  • *Expects sustained growth in Europe. Edenred, which helps firms manage staff expenses and benefits and is best known for its " Ticket Restaurant" vouchers, also expressed confidence that 2018 would be another year of sustained growth for its business in Europe and Latin America even as economic conditions in Brazil remained challenging. That was slightly above...

  • NEW DELHI/ MUMBAI, Feb 20- Indian billionaire jeweler Nirav Modi, one of the prime accused in the country's largest ever bank fraud, denies allegations leveled against him by Punjab National Bank, his lawyer said on Tuesday. "There is nothing, there is nothing in it," Vijay Aggarwal, a lawyer representing Modi told Reuters, referring to a police complaint filed by the...

  • NEW DELHI/ MUMBAI, Feb 20- Indian billionaire jeweller Nirav Modi, one of the prime accused in the country's largest ever bank fraud, denies allegations levelled against him by Punjab National Bank, his lawyer said on Tuesday. "There is nothing, there is nothing in it," Vijay Aggarwal, a lawyer representing Modi told Reuters, referring to a police complaint filed by the...

  • LONDON, Feb 20- A six-day rebound in world stocks began to splutter on Tuesday, as bond market borrowing costs regained traction and the dollar kicked firmly away from a three-year low. Europe's main bourses saw steady start as lower domestic currencies helped their cause but weakness across Asia where Tokyo saw a 1 percent drop meant MSCI's 47- country world...

  • *Berlin- based firm cash-flow positive. BERLIN, Feb 20- It might seem a tall order to persuade people to spend as much to learn a language on their smartphone as it costs to subscribe to a music streaming or video-on-demand service. But Berlin- based startup Babbel says that, after 10 years in business, it has finally cracked the U.S. market, where sales more than doubled...