Stocks drift, dollar and gold rise as traders weigh US rates, election
By Ankur Banerjee SINGAPORE (Reuters) -Gold prices hit a record high on Wednesday and the dollar was on the rise again, keeping pressure on the yen and the euro, while Asian stocks inched higher as investors were reluctant to place…
Ad group WPP posts 0.5% rise in Q3 organic revenue
LONDON (Reuters) – British ad group WPP (LON:WPP) reported a better-than-expected 0.5% rise in like-for-like organic revenue in the third quarter, with growth in North America, western continental Europe and India partly offset by continued tough trading in China. The…
Japan’s Nidec posts 10% rise in second-quarter operating profit
TOKYO (Reuters) – Japanese electric motor maker Nidec posted a 10% rise in quarterly operating profit on Wednesday to 60.7 billion yen ($398.79 million), compared to 55.1 billion yen in the same period a year earlier. The earnings for the…
Roche Q3 sales advance by forex-adj 9%, beating market view
By Ludwig Burger FRANKFURT (Reuters) -Roche’s third-quarter sales gained a currency-adjusted 9%, beating market expectations, on higher prescriptions of once-monthly haemophilia shot Hemlibra and recently launched eye drug Vabysmo. Group sales of 15.14 billion Swiss francs ($17.46 billion) surpassed an…
Australia stocks higher at close of trade; S&P/ASX 200 up 0.13%
Investing.com – Australia stocks were higher after the close on Wednesday, as gains in the Consumer Staples, Gold and Consumer Discretionary sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.13%. The best performers of the…
HSBC merges commercial and investment banking units, names first female CFO
By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC Holdings said on Tuesday it would combine its commercial and investment banking operations in a major overhaul under new CEO Georges Elhedery that has also seen key senior…