Sat07302016

LAST_UPDATESat, 30 Jul 2016 8am

Barclays Shares Jump As Transatlantic Refocus Starts To Pay Off

Pic: ReutersA corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 8 percent.

Read more: Barclays Shares Jump As Transatlantic Refocus Starts To Pay Off

Exxon Mobil Profit Misses Expectations; Stock Slides

Pic: ReutersExxon Mobil Corp, the world's largest publicly traded oil producer, posted a lower-than-expected quarterly profit on Friday due to weak crude prices and refining income, reflecting the broad malaise in the energy sector.

Read more: Exxon Mobil Profit Misses Expectations; Stock Slides

French Second Quarter Growth Unexpectedly Grinds To A Halt On Weak Consumer Spending

Shoppers hold bags with clothing purchases on the opening day of operations by retailers Abercrombie & Fitch outside their Paris store on the Champs Elysees May 19, 2011. REUTERS picFrench economic growth stalled unexpectedly in the second quarter on weak consumer spending and investment in a blow to President Francois Hollande's claims the economy is getting stronger, official data showed on Friday.

Read more: French Second Quarter Growth Unexpectedly Grinds To A Halt On Weak Consumer Spending

BOJ Eases Policy By Doubling ETF Buying, Underwhelms Expectations

Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, July 29, 2016. REUTERS picThe Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds (ETF), yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures.

Read more: BOJ Eases Policy By Doubling ETF Buying, Underwhelms Expectations

Yen, Bond Yields Rise As Bank Of Japan Action Underwhelms

A man looks at an electronic board showing the recent exchange rate between Japanese yen against the U.S. dollar and Japan's Nikkei average (R) outside a brokerage in Tokyo, Japan, June 13, 2016. REUTERS picThe yen jumped on Friday and the biggest rise in Japanese government bond yields in years lifted sovereign borrowing costs around the world, after the Bank of Japan's latest measures to boost growth and inflation fell short of investor expectations.

Read more: Yen, Bond Yields Rise As Bank Of Japan Action Underwhelms

New York Fed Asks Philippines To Recover Bangladesh Money

DHAKA: The Federal Reserve Bank of New York has asked the Philippines’ central bank to help Bangladesh Bank recover the $81 million that was stolen by hackers in February from its account held at the Fed, boosting Dhaka’s efforts to retrieve the money.

Read more: New York Fed Asks Philippines To Recover Bangladesh Money

China’s Fosun To Buy Indian Drugmaker For USD1.26b

HONG KONG: The pharmaceutical arm of Chinese conglomerate Fosun plans to buy a majority stake in India’s Gland Pharma Ltd. for as much as $1.26 billion, in what is being touted as the biggest Indian acquisition by a Chinese company.

Read more: China’s Fosun To Buy Indian Drugmaker For USD1.26b

VW’s Audi Says Emissions, Takata Costs Weigh Down Profitability

FRANKFURT: Audi expects profitability this year to drop slightly below its 8-10 percent target range because of provisions for the diesel emissions scandal and possible recalls of cars fitted with Takata Corp airbags.

Read more: VW’s Audi Says Emissions, Takata Costs Weigh Down Profitability

RHB Revises Base Rate, BLR And BFR

RHB announces further revision in its base rate, BLR and BFR.KUALA LUMPUR: RHB Banking Group announces further revision in its base rate (BR), base lending rate (BLR) and base financing rate (BFR), effective July 29, 2016.

Read more: RHB Revises Base Rate, BLR And BFR

Google In Hot Water Over Crimean Street Names

Google came under fire for "decommunising" street names in parts of Crimea, using Ukrainian spellings.MOSCOW: US tech giant Google came under fire on Thursday in Russia for "decommunising" street names in parts of Crimea, annexed from Ukraine two years ago, by using Ukrainian spellings.

Read more: Google In Hot Water Over Crimean Street Names