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Mid-Day Market Update: Sonic Gains Following Acquisition News; Opiant Pharmaceuticals Shares Plummet

Midway through trading Tuesday, the Dow traded up 0.11 percent to 26,591.20 while the NASDAQ declined 0.01 percent to 7,992.62. The S&P also rose, gaining 0.04 percent to 2,920.51. Leading and Lagging Sectors On Tuesday, the energy shares rose 0.88 percent. Meanwhile, top gainers in the sector included Basic Energy Services, Inc. (NYSE: BAS) up 11 percent, and NextDecade Corporation (NASDAQ: NEXT) up 7 percent. In trading on Tuesday, utilities shares fell 0.86 percent. Top Headline FactSet Research Systems Inc.…

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GLOBAL MARKETS-Oil above $80 lifts stocks, offsets trade and bond market chill – Macroeconomic News

* World stocks flat, just off six-month high * Bond yields rising on expectation of more policy tightening * German, U.S. yields at multi-month high * Oil near 4-year highs on supply concerns * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh (Releads, updates prices, adds quote) By Tommy Wilkes and Sujata Rao LONDON, Sept 25 (Reuters) – European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above $80 a barrel lifted energy shares,…

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GLOBAL MARKETS-Trade nerves, bond yields and $80 oil buffet stocks – Macroeconomic News

* World stocks flat, just off six-month high * Bond yields rising on expectation of more policy tightening * German, U.S. yields at multi-month high * Oil near 4-year highs on supply concerns * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Tommy Wilkes LONDON, Sept 25 (Reuters) – World stocks struggled to make headway on Tuesday after another round of U.S.-China tariffs kicked in and investors’ nerves were frayed by rising expectations of central bank rate hikes and oil…

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Sears CEO Lampert offers new deals to avert bankruptcy – Honolulu, Hawaii news, sports & weather

. - Sears Holdings Corp Chief Executive Eddie Lampert, a major investor in the company, has proposed rescue deals to help the department store chain avoid bankruptcy as debt matures next month and it faces a cash crunch, according to a regulatory filing released on Monday. original story: http://feeds.reuters.com/~r/reuters/businessNews/~3/I6s6_wmOj7c/sears-ceo-lampert-offers-new-deals-to-avert-bankruptcy-idUSKCN1M41MJ Source link

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UPDATE 1-Trade war dents European shares while M&A boosts Sky, Randgold – Finance News

* STOXX down 0.3 pct, DAX down 0.4 pct * Autos down 1.2 pct, miners down 1 pct * Sky jumps 8.8 pct, just shy of offer price * Randgold rises 3.9 pct on Barrick deal * Crude price jump boosts oil stocks (Updates prices, adds quotes, details) By Helen Reid LONDON, Sept 24 (Reuters) – The U.S.-China trade war dented European stock markets on Monday after tariffs from the world’s biggest economies came into force and China cancelled planned…

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RPT-Bonds beat bank debt, dollar king for borrowers a decade after crisis – BIS – Finance News

(Repeats story moved on Sunday without change to text) By Saikat Chatterjee LONDON, Sept 23 (Reuters) – International debt issuance has soared in recent years as financing conditions improve, with dollar-denominated bonds beating bank debt as the most popular funding tool a decade after the global financial crisis, according to a study released on Sunday. International credit, defined as bank loans and debt securities like bonds, has soared to 38 percent of the global economy in the first quarter of…

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CORRECTED-LIVE MARKETS-On the radar: a once in 20-year performance? – UK Money News

(Corrects time reference in headline and text of 0649 GMT item to 20-year from 30-year. The same error has been made in all subsequent updates of the Live Markets blog during Sept. 21) Sept 21 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net ON THE RADAR: A ONCE IN 20-YEAR PERFORMANCE?…

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U.S. equities dominate as investors pile back into risk and laggards bounce back – UK Money News

* $13.9 bln into equities, $0.7 bln into bonds * Large $14.5 bln inflows to U.S. equities * Euro zone, banks, EM, metals all bounce back * “Corporates … will cause next recession” – BAML By Helen Reid LONDON, Sept 21 – Investors returned to equities in droves this week as they became convinced higher U.S.-China trade tariffs would cause only limited damage to the global economy, while greater risk appetite helped this year’s laggards rebound sharply. A net $13.9…

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Italian bond yields fall as investors await budget clarity – Macroeconomic News

* Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr By Virginia Furness LONDON, Sept 21 (Reuters) – Italian bond yields fell on Friday as investors awaited clarity on the 2019 budget and after the 5-Star Movement denied a report that Deputy Prime Minister Luigi Di Maio had threatened to pull his party out of the government. A report by the national statistics institute ISTAT that the budget deficit as a proportion of national output was slightly higher last year than previously…

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LIVE MARKETS-Futures rise: a 10th day of gains for euro zone blue chips? – UK Money News

Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Julien Ponthus. Reach him on Messenger to share your thoughts on market moves: julien.ponthus.thomsonreuters.com@reuters.net FUTURES RISE: A 10TH DAY OF GAINS FOR EURO ZONE BLUE CHIPS? (0617 GMT) It’s been quite straightforwardly positive so far this morning and the futures now also point towards a rosy open for European stocks. The session could be lead to a spectacular…

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VOX Gibraltar News – New Chairman of University’s Board of Governors

The Minister with responsibility for the University, Gilbert Licudi, has announced the appointment of Albert Langston as the new chairman of the Board of Governors of the University. Albert Langston brings extensive experience and understanding of corporate governance built over a period of over 40 years. He is a Fellow of the Chartered Institute of Bankers and is Chairman of the Board of Directors of the Gibraltar International Bank Limited. Mr Langston is a former Chairman and Country Manager of…

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UPDATE 2-European shares ride trade relief rally – UK Money News

* STOXX50E up 1.1 pct * Autos, banks, miners lead gains * Kepler Cheuvreux upgrades autos sector * Proximus up, traders cite Citi upgrade (adds closing prices) By Helen Reid and Julien Ponthus LONDON, Sept 20 (Reuters) – European shares surfed a worldwide rise in stock markets on Thursday as fading concerns about the trade war between the United States and China lifted investors into a risk taking mood. The pan-European STOXX 600 closed up 0.7 percent while the leading…

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LIVE MARKETS-What a streak! Eurozone blue chips eye ninth day of gains – UK Money News

* European shares rise 0.7 pct * Autos, banks lead gains * Euro zone blue chips set for 9th day of gains * Wall Street futures rise Sept 20 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net WHAT A STREAK! EUROZONE BLUE CHIPS EYE NINTH DAY OF GAINS (1300 GMT) Relief…

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UPDATE 2-Smirnoff-maker Diageo’s sales set for currency hangover – Finance News

* Expects bigger than expected hit from FX volatility * Margin growth outlook unchanged * Organic sales to be “broadly” in line with last year (Adds analyst comments and details) Sept 20 (Reuters) – British spirits maker Diageo flagged a bigger than expected sales hit from currency movements on Thursday, an early indication of the potential impact of recent volatility on companies with emerging market revenues. However, the maker of Johnnie Walker scotch and Smirnoff vodka said its performance from…

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UPDATE 1-European shares add to gains as trade war fears fade into background – UK Money News

* STOXX, STOXX50E up 0.3 pct * Autos, banks, miners lead gains * Kepler Cheuvreux upgrades autos sector * Proximus up, traders cite Citi upgrade (Updates prices, adds details, quotes) By Helen Reid LONDON, Sept 20 (Reuters) – European shares extended their rally on Thursday as investors set aside fears over a U.S.-China trade war and focused instead on bullish macroeconomic and corporate news. The pan-European STOXX 600 was up 0.3 percent while the leading euro zone stock index was…

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LIVE MARKETS-Positive, but rather flattish open for Europe – Internet News

Sept 20 – Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Helen Reid. Reach her on Messenger to share your thoughts on market moves: helen.reid.thomsonreuters.com@reuters.net POSITIVE, BUT RATHER FLATTISH OPEN FOR EUROPEAN SHARES (0716 GMT) European shares have opened in positive territory alright but nothing extravagant really. The trade-sensitive DAX is having a hard time keeping afloat and the pan-European STOXX 600 is up 0.1 percent.…

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