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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

China tries to hit more birds with one stone in property rescue push

ANALYSIS-China tries to hit more birds with one stone in property rescue push By Liangping Gao and Marius Zaharia BEIJING/HONG KONG, July 16 (Reuters) - After Beijing ordered Chinese cities to buy newly-completed apartments and turn them into affordable housing, the first steps they took were to unveil plans to broaden eligibility for subsidies and fix other economic headaches in the process.

Italy - Factors to watch on July 16

Italy - Factors to watch on July 16 The following factors could affect Italian markets on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . ECONOMY ISTAT releases June CPI final data (0800 GMT) and May foreign trade data (0900 GMT).
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Asia Gasoil/Jet Fuel Tender Summary-SK Energy offers August jet fuel

Asia Gasoil/Jet Fuel Tender Summary-SK Energy offers August jet fuel SINGAPORE, July 16 (Reuters) - For spot tender news stories, click HOIL-O/TEND-O For Naphtha tenders: NAP/TENDA Gasoline MOG/TENDA Fuel Oil FUEL/TENDA To access the Oil Fundamentals Database, click OFD/INFO : *** OUTSTANDING ASIA/MIDEAST GASOIL/JET TENDERS *** ISSUER GRADE: VOLUME: DATE: CLOSE (VALID) South Korea/GS Caltex SELL: jet fuel 3 x 300KB Aug 1-3, Aug 5-7, Aug 22-26 July 16 (July 16) South Korea/SK Energy SELL: jet fue
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Australia's Althea Group eyes worst day in 2 yrs on discounted placement

BUZZ-Australia's Althea Group eyes worst day in 2 yrs on discounted placement ** Shares of Althea Group AGH.AX fall as much as 23.3% to A$0.023, their lowest level since July 1 ** Shares of co on track for its worst day since mid July, 2022, if losses hold ** Cannabis products maker receives firm commitments for A$2 million ($1.35 million) via a pl

MCS Services Seeks Trading Halt

BRIEF-MCS Services Seeks Trading Halt July 16 (Reuters) - MCS Services Ltd MSG.AX : TRADING HALT REQUEST SEEKS TRADING HALT PENDING ANNOUNCEMENT ON A REPLY TO A PRICE QUERY FROM ASX Further company coverage: MSG.AX

India's Paytm gets warning from markets regulator for old transactions with banking unit

India's Paytm gets warning from markets regulator for old transactions with banking unit BENGALURU, July 16 (Reuters) - Paytm PAYT.NS received an administrative warning from India's markets regulator for certain transactions with its banking unit in the fiscal year 2021-22, the fintech firm said in an exchange filing. The Securities and Exchange board of India (SEBI), in the latter dated July 15, said some transactions between Paytm and the now wound-down Paytm Payments Bank were conducted witho

Copper eases on rising inventory, weak China data

METALS-Copper eases on rising inventory, weak China data July 16 (Reuters) - Copper prices fell on Tuesday, weighed down by weak economic data from top consumer China and rising inventories in most global warehouses. Three-month copper on the London Metal Exchange (LME) CMCU3 fell 0.2% to $9,791 per metric ton by 0323 GMT, while the most-traded August copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 declined 0.4% to 79,300 yuan ($10,914.90) a ton.

New Zealand's EBOS falls on decision to skip pet food business sale

BUZZ-New Zealand's EBOS falls on decision to skip pet food business sale ** Shares of New Zealand's EBOS EBO.NZ fall as much as 2% to NZ$33.700, their biggest intraday pct fall since June 18 ** The pharma firm says it will not be participating in any potential forthcoming sale of pet food business Prime100 ** Stock has fallen 3.1% this year, as of

Australia's Electro Optic Systems hits 2-1/2-month high on positive H1 results

BUZZ-Australia's Electro Optic Systems hits 2-1/2-month high on positive H1 results ** Shares of Electro Optic Systems EOS.AX rise as much as 10.5% to A$1.79, their highest since April 29 ** Stock posts its biggest intraday pct gain since June 20 ** EOS stock rises for fourth straight session ** The defense and space technology developer posts a 92

CBOT soybeans may fall further to $10.31-1/4

TECHNICALS-CBOT soybeans may fall further to $10.31-1/4 For more technical analyses, please click TECH/C SINGAPORE, July 16 (Reuters) - The CBOT soybeans November contract SX24 may fall further to $10.31-1/4 per bushel, as it has pierced below the support at $10.42-3/4. If there is any support to stop the fall, it must be the one at $10.42-3/4. However, the market seems to be indifferent to this barrier, unable to start a decent bounce.

Soybeans rise from four-year low on bargain-buying, wheat firms

GRAINS-Soybeans rise from four-year low on bargain-buying, wheat firms Soybeans recover after dropping to lowest sine October 2020 Wheat, soybeans rise on bargain-buying after deep losses Northern hemisphere harvest pressure to limit upside Adds quote in paragraph 3, updates prices By Naveen Thukral SINGAPORE, July 16 (Reuters) - Chicago soybeans inched higher on Tuesday, with bargain-buying supporting the market, which dropped to its lowest in almost four years in the previous session on expect

Japan's Nikkei rises as market gauges US election outlook, yen strength

Japan's Nikkei rises as market gauges US election outlook, yen strength By Brigid Riley TOKYO, July 16 (Reuters) - Japan's Nikkei share average rose on Tuesday, tracking gains in Wall Street, as investors assessed whether an assassination attempt on U.S. presidential candidate Donald Trump increased his chances of winning the November elections. The Nikkei .N225 was up 0.51% at 41,399.72 by the midday break and the broader Topix .TOPX climbed 0.8% to 2917.04. Japan's markets were closed on Monda
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