Page 2979 - Business Finance

CORRECTED: Gold steady as dollar softens versus stabilising yuan

BENGALURU (Reuters) - (This version of the story corrects currency in headline)Gold prices were steady early on Wednesday, after rising in the previous session, as the U.S. dollar softened against China's yuan and the euro.

China Tower set for flat Hong Kong debut after world's largest IPO in two years

HONG KONG (Reuters) - China Tower Corp Ltd's <0788.HK> shares were poised to open flat on their debut in Hong Kong on Wednesday, as investors scrambled to obtain a piece of the world's biggest initial public offering (IPO) in two years.

Trump says GDP growth 'could be in the 5s' next quarter

President Donald Trump says he thinks gross domestic product growth in the next quarter "could be in the 5s" that is, higher than 5 per cent as he hosts business leaders at his Bedminster, New Jersey, golf resort. Trump made the bold prediction today at a dinner with leaders from FedEx, Mastercard, Boeing, Fiat Chrysler, PepsiCo and other companies. Trump is also hailing his own economic and trade policies, saying he is "taking our economy to incredible new heights" in spite of fears of damage from the escalating trade disputes he has provoked. The government reported last month that the economy grew at an annual rate of 4.1 per cent in the second quarter, the fastest pace in nearly four years.

Asian shares extend recovery on earnings, China policy hopes

TOKYO (Reuters) - Asian shares rose on Wednesday on the back of firmer Wall Street earnings while expectations for increased Chinese stimulus helped take the edge off wider concerns about the worsening Sino-U.S. trade dispute.

BOJ board disagreed on how much yields can move freely: July meeting summary

TOKYO (Reuters) - Bank of Japan board members disagreed on how far long-term interest rates should be allowed to move from the central bank's target when they crafted steps to make its policy framework more sustainable, a summary of opinions from last week's rate review showed.

BOJ board disagreed on how much yields can move freely - July meeting summary

TOKYO, Aug 8 (Reuters) - Bank of Japan board members disagreed on how much long-term interest rates should be allowed to move away from the central bank's target when they crafted steps to make its policy framework more sustainable, a summary of opinions at last week's rate review showed on Wednesday.

Disney quarterly profit falls short as streaming costs rise

(Reuters) - Walt Disney Co missed Wall Street profit targets as new technology costs rose during the quarter ended June 30, but Chief Executive Bob Iger said an exodus of consumers from its television channels was slowing.

Tesla call options soar on Musk tweet, short-sellers hit

NEW YORK (Reuters) - Some nimble traders in Tesla Inc's options made massive paper profits on Tuesday, while short-sellers were hit with about $1.3 billion in paper losses after Tesla Chief Executive Elon Musk tweeted he was considering taking the company private at $420 a share.

Elon Musk considers a private Tesla, shares jump

SAN FRANCISCO (Reuters) - Chief Executive Elon Musk said on Tuesday he is considering taking Tesla Inc private in what would be the largest deal of its type, moving the electric car maker out of the glare of Wall Street as it goes through a period of rapid growth under tight financial constraints.

Banca Carige says ECB made no reference to possible 'resolution'

MILAN (Reuters) - Banca Carige said on Tuesday the European Central Bank (ECB) had made no reference to a possible "resolution" of the Italian bank in rejecting its latest capital plan, dismissing a risk flagged by Moody's ratings agency following a downgrade.

Banca Carige says ECB made no reference to possible resolution

MILAN (Reuters) - Banca Carige said on Tuesday the European Central Bank had not made any reference to a possible resolution of the Italian bank, dismissing a risk flagged by Moody's ratings agency following a downgrade.

Snap loses daily users, beats on revenue as Saudi prince takes stake

SAN FRANCISCO (Reuters) - Snap Inc on Tuesday reported higher-than-expected quarterly revenue but its first-ever drop in daily Snapchat users.

Papa John's cuts earnings forecast on public spat with founder

NEW YORK (Reuters) - Papa John's International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and cut its forecast for the coming months, as a heated spat between the pizza chain and its founder dragged on profits.

Global dairy prices unchanged after four consecutive falls

WELLINGTON (Reuters) - Global dairy prices were flat at a fortnightly auction held early on Wednesday after four consecutive falls.

Analysis: Tesla buyout would add to year of pain for short-sellers

NEW YORK (Reuters) - It would be the ultimate black eye for short sellers.

Continental Resources raises 2018 production, spending outlook

HOUSTON (Reuters) - Shale oil producer Continental Resources on Tuesday raised its 2018 production outlook, citing improved performance in North Dakota and operational efficiencies, as well as increased drilling activity in Oklahoma.

Match boosts revenue forecast as Tinder lures more paying users

(Reuters) - Dating app Tinder snagged thousands of paying users in the second quarter, helping its parent Match Group Inc beat Wall Street profit targets and raise its yearly revenue forecast on Tuesday.

Icahn urges Cigna shareholders to vote against Express Scripts deal

(Reuters) - Activist investor Carl Icahn on Tuesday urged Cigna Corp shareholders to vote against the health insurer's $52 billion purchase of Express Scripts Holding Co , citing regulatory hurdles and the growing threat from Amazon.

US stocks close higher amid earnings, data

US stocks closed higher as investors digested a batch of corporate earnings reports and major economic data.

Papa John's earnings forecast slips on public spat with founder

NEW YORK (Reuters) - Papa John's International Inc on Tuesday posted a second-quarter comparable sales decline of 6.1 percent in North America and estimated a further 7 to 10 percent drop in the current quarter as the pizza chain's spat with its founder hurts profits.