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Swedish bank SEB net profit tops forecast

UPDATE 1-Swedish bank SEB net profit tops forecast Adds net profit in paragraph 2 STOCKHOLM, July 16 (Reuters) - Swedish banking group SEB SEBa.ST reported a second-quarter net profit that beat market expectations on Tuesday as slowing interest income momentum was considerably offset by other revenue streams and stood by its cost outlook for the full year.

India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST . MUMBAI, July 16 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN rose 138.07 points, or 0.17%, to 80,802.93, while the broader NSE index .NSEI gained 42.8 points, or 0.17%, to 24,629.5 with small- and mid-caps also rising, boosted by stock-specific jumps on strong quarterly earnings. .BO RUPEE: The Indian rupee INR=IN strengthened 0.03% versus the U.S.

India stocks, rupee, swaps, call at 10:00 a.m. IST

SNAPSHOT-India stocks, rupee, swaps, call at 10:00 a.m. IST MUMBAI, July 16 (Reuters) - STOCKS: The benchmark BSE Sensex .BSESN rose 138.07 points, or 0.17%, to 80,802.93, while the broader NSE index .NSEI gained 42.8 points, or 0.17%, to 24,629.5 with small- and mid-caps also rising, boosted by stock-specific jumps on strong quarterly earnings. .BO RUPEE: The Indian rupee INR=IN strengthened 0.03% versus the U.S.

Indian bond yields steady; traders seek trigger for 10-yr to breach key level

INDIA BONDS-Indian bond yields steady; traders seek trigger for 10-yr to breach key level By Dharamraj Dhutia MUMBAI, July 16 (Reuters) - Indian government bond yields were largely unchanged in early trading on Tuesday, with traders eyeing strong triggers for the benchmark yield to breach a key technical level. The benchmark 10-year yield IN071034G=CC was at 6.9724% as of 10:00 a.m.

New York Times business news - July 16

PRESS DIGEST- New York Times business news - July 16 July 16 (Reuters) - Following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Donald Trump selected J.D. Vance, a Republican U.S. senator from Ohio, as his running mate , elevating a politician who once criticized the former president in acid terms but has since become one of his most stalwart defenders.
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Powell and Trump command market attention

MORNING BID EUROPE-Powell and Trump command market attention A look at the day ahead in European and global markets from Ankur Banerjee Fed Chair Jerome Powell's sort of dovish comments have cemented an interest rate cut in September, at least in markets' eyes, with the prospect of Donald Trump making a return to White House keeping trades associated with it in play and on investor minds.
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Australia's Compumedics marks best session in over 3-weeks on record sales

BUZZ-Australia's Compumedics marks best session in over 3-weeks on record sales ** Shares of medical device maker Compumedics CMP.AX surge as much as 6.8% to A$0.315, their biggest intraday pct gain since June 21 ** Co says it has received record FY sales orders of A$52 million ($35.09 million), up 22% from a year ago ** Says FY revenues of A$49 mi

Turkey - Factors To Watch on July 16

Turkey - Factors To Watch on July 16 ANKARA, July 16 (Reuters) - Here are news, reports and events that may affect Turkish financial markets on Tuesday. The lira TRYTOM=D3 was quoted at 33.0050-33.0600 against the U.S. dollar at 0418 GMT, after closing at 32.9895 on Monday. The main BIST 100 share index .XU100 closed 0.37% higher at 11,064.85 points on Friday.
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Thailand's Energy Absolute share prices plunge after resumption of trading

UPDATE 1-Thailand's Energy Absolute share prices plunge after resumption of trading Adds details and background BANGKOK, July 16 (Reuters) - Share prices of Thai renewable energy company, Energy Absolute (EA) EA.BK , plunged nearly 30% in morning trading on Tuesday after the lifting of a trade suspension following a leadership shake-up . Shares were suspended on Monday when the company announced changes to its board of directors and senior management after the previous chief executive was accuse

Australia's Castile Resources rises on talks over potential critical minerals processing site

BUZZ-Australia's Castile Resources rises on talks over potential critical minerals processing site ** Shares of Castile Resources CST.AX rise as much as 8% to A$0.081, their highest since June 13 ** Stock posts its biggest intraday pct gain since April 18, rises for a fourth straight session ** Copper and gold explorer says it has engaged with the

Rupee nearly flat; wedged in between US yields, exporter dollar offers

INDIA RUPEE-Rupee nearly flat; wedged in between US yields, exporter dollar offers By Jaspreet Kalra MUMBAI, July 16 (Reuters) - The Indian rupee was nearly unchanged on Tuesday as exporter dollar sales supported the currency even as most of its Asian peers declined amid a rise in long tenor US bond yields. The rupee INR=IN was at 83.5750 against the U.S.

Google offered 470 mln euros to derail Microsoft antitrust pact - Bloomberg News

MEDIA-Google offered 470 mln euros to derail Microsoft antitrust pact - Bloomberg News -- Source link: https://tinyurl.com/mv52xsf6 -- Note: Reuters has not verified this story and does not vouch for its accuracy
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India's Jio Financial Services falls on quarterly profit drop

BUZZ-India's Jio Financial Services falls on quarterly profit drop ** Shares of Jio Financial Services JIOF.NS fall 2% to 348 rupees ** Stock set for worst day in over a month if trend holds ** Co posts ~6% fall in June-quarter consol profit, while total rev from ops up ~1% ** JIOF on track to snap three-day gaining streak if losses hold ** Stock u

Oil prices fall on lingering Chinese demand concerns

UPDATE 1-Oil prices fall on lingering Chinese demand concerns Updates with details and analyst quotes throughout; updates prices as of 0408 GMT By Arathy Somasekhar and Trixie Yap July 16 (Reuters) - Oil prices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, though a growing consensus that the U.S. Federal Reserve will begin cutting its key interest rate as soon as September limited declines.

Australia's Genex rises as J-Power's $257 mln buyout bid gets approval via proxy votes

BUZZ-Australia's Genex rises as J-Power's $257 mln buyout bid gets approval via proxy votes ** Shares of renewable energy firm Genex Power GNX.AX rise as much as 1.85% to A$0.275 ** Co says Japan's Electric Power Development's (J-Power) 9513.T A$381 mln ($256.98 mln) deal to buy GNX approved on proxy votes ** Says bid was backed by 83.54% of proxy
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Hatsun Agro hits near 3-yr high on strong Q1 results

BUZZ-Hatsun Agro hits near 3-yr high on strong Q1 results ** Hatsun Agro Product HAPL.NS shares up as much as 18% to highest since Nov 2021 ** Arun icecream maker on Monday posted 63% surge in Q1 profit, while rev rose 10.4% on strong sales volume and higher margins ** See margin expansion to continue through FY25 on lower input prices, utilisation
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India's Nifty 50 eases off record high; small-, mid-caps hit all-time levels

INDIA STOCKS-India's Nifty 50 eases off record high; small-, mid-caps hit all-time levels Updates at 9:29 a.m. IST BENGALURU, July 16 (Reuters) - India's NSE Nifty 50 .NSEI rose to a record high at the open on Tuesday, before trimming gains, with small- and mid-caps also hitting all-time highs, boosted by stock-specific jumps on strong quarterly earnings.

Telenor's Grameenphone Q2 Revenues Nok 3,998 Million Versus Nok 4,006 Million

BRIEF-Telenor's Grameenphone Q2 Revenues Nok 3,998 Million Versus Nok 4,006 Million July 16 (Reuters) - Telenor ASA TEL.OL : TELENOR'S GRAMEENPHONE Q2 REVENUES NOK 3,998 MILLION VERSUS NOK 4,006 MILLION TELENOR'S GRAMEENPHONE Q2 EBITDA BEFORE OTHER INCOME AND EXPENSES 2,414 MILLION NOK Source text for Eikon: ID:nObiJW47qa Further company coverage:
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China's yuan slips on economic weakness despite tight offshore funding

China's yuan slips on economic weakness despite tight offshore funding SHANGHAI, July 16 (Reuters) - The yuan eased against the U.S. dollar on Tuesday as a slew of weak Chinese economic data dampened sentiment, but offshore funding conditions remained tight, preventing the currency from sliding further. The world's second-largest economy grew much slower than expected in the second quarter as a protracted property downturn and worries over jobs knocked the wind out of a fragile recovery, keeping
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India's SpiceJet climbs after Q4 profit jump

BUZZ-India's SpiceJet climbs after Q4 profit jump ** Shares of India's SpiceJet SPJT.BO rise 3.3% to 57.75 rupees ** Budget airline carrier's Q4 profit jumped on settlement with a financial agency ** Reiterate "accumulate" as co set to benefit in FY24 from GoFirst groundings but fleet size reduction implies less growth scope beyond FY24 - brokerage



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