By Laurence Frost PARIS (Reuters) – PSA Peugeot Citroen (PEUP.PA) could reach its main recovery goal early, its chief financial officer said on Monday, as the French carmaker’s shares rejoined the benchmark CAC-40 (.FCHI) index after a two-and-a-half-year absence. Peugeot will “go after the 2 percent operating margin objective as soon as possible”, Jean-Baptiste de Read More
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By Lisa Twaronite TOKYO (Reuters) – Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel gains on Wall Street. The greenback remained under pressure in Asian trading, with the dollar index <.DXY> edging down about 0.1 percent to 97.828, moving away from recent 12-year highs and Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks stalled on Friday as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish U.S. central bank. MSCI’s broadest index of Asia-Pacific shares outside Japan <.MIAPJ0000PUS> edged down 0.1 percent after rallying 1.3 percent the previous day. But it Read More
By Leila Abboud, Gilles Guillaume and Anjuli Davies PARIS/ZURICH (Reuters) – Cement makers Holcim and Lafarge , seeking to save their merger deal, are discussing a new leadership for the combined group which would give Lafarge’s boss Bruno Lafont a lesser role, sources familiar with the matter said on Wednesday. When the deal was announced Read More
European equities were mixed on Wednesday as investors awaited the outcome of the U.S. Federal Reserve ‘s two-day policy meeting and the annual U.K. Budget statement. The U.K.’s benchmark FTSE 100 (FTSE International: .FTSE) ticked around 0.9 percent higher, while the French CAC (Euronext Paris: .FCHI), German DAX (^GDAXI) and FTSE MIB (FTSE International: .FTMIB) Read More
March 18 (Reuters) – Following are news, reports and events that may affect Turkish financial markets on Wednesday. The lira was at 2.6137 against the dollar at 0740 GMT, from 2.6110 late on Tuesday. The main share index rose to 80,030.658 on Tuesday from 78,989.00. The benchmark 10-year government bond yield was at 8.270. GLOBAL Read More
By Shinichi Saoshiro TOKYO (Reuters) – Asian stocks shook off a slow start and rose on Wednesday, led by China shares, while the dollar marked time as markets waited for the Federal Reserve’s policy statement for clues to when U.S. interest rates will rise. Following Asia’s lead, spreadbetters forecast a slightly higher open for Britain’s Read More
European equities mostly finished lower on Tuesday, as investors looked ahead to a two-day meeting by the U.S. Federal Reserve and reacted to fresh economic data. The pan-European Euro Stoxx 600 Index (^STOXX) provisionally closed around 0.7 percent down. The French benchmark CAC (Euronext Paris: .FCHI) index finished provisionally 0.7 percent lower and the German Read More
By Lisa Twaronite TOKYO (Reuters) – Asian shares rose on Tuesday, following Wall Street’s lead, as investors speculated that weaker-than-expected U.S. data could prompt the Federal Reserve to express caution this week on the timing of a future rate hike. Financial spreadbetters expected Britain’s FTSE 100 <.FTSE> to open 8 to 14 points lower, or Read More