TODAY'S TOP STORIES

Share SHARE

RussiaFlag-072514.jpg Russia's central bank decided to lift its key rate unexpectedly on Friday as geopolitical tensions increased risks of inflation amid rising threats to growth. The Board of Directors of Bank of Russia raised the key rate by 50 basis points to 8 percent. The bank was widely expected to leave rates unchanged. The rate has been hiked by a cumulative 250 basis points since February.

Bskyb-072514.jpg British Sky Broadcasting Group Plc, known as BskyB, reported Friday a decline in fiscal 2014 profit mainly on higher charges, despite increased revenues benefited by strong demand. The company also announced higher dividend. Separately, the company said it has agreed to acquire 21st Century Fox's stake in Sky Italia and Sky Deutschland in nearly $9.3 billion deal.

wallstreet-101008_25Jul14.jpg Sentiment on Wall Street has turned cautious on Friday after the averages showed resilience yesterday. The markets' resolve is likely to be put to test once again, as traders get to digest another spate of earnings flow and economic data on durable goods orders. Tech earnings released yesterday after...

RBS-072514.jpg Royal Bank of Scotland Group Plc Friday said its first-half profit surged from last year, reflecting a fall in impairment losses, despite additional provision for Payment Protection Insurance redress, as well as interest rate swap redress. Net interest income edged up 1 percent, with consistent increase across all businesses.

AngloAmerican-072514.jpg Anglo American Plc reported a 48 percent growth in its first-half pre-tax profit, reflecting a gain and the absence of a year-ago hefty one-time loss. Underlying operating profit, meanwhile, declined as revenues were hurt by lower commodity prices, despite increased production. Separately, Anglo American signed a binding agreement to sell out its 50 percent stake in Lafarge Tarmac JV.

Groupe-Danone-072514.jpg French dairy giant Danone SA Friday said its first-half profit declined from last year, hurt by decreased sales in dairy and early-life nutrition businesses. The company, confirmed its annual outlook. According to Danone, results for the period reflected high bases for year-on-year comparisons linked to Fonterra's false safety alert, inflation in milk prices, and weak currency trends...

Airfrance-KLM-072514.jpg Shares of Air France - KLM were gaining around 5 percent in early morning trading in Paris after the Franco-Dutch airline reported Friday sharply narrower net loss in its second quarter. Adjusted net income was benefited by margin strength, despite lower revenues. Further, the company backed its fiscal 2014 EBITDA view.

GermanGFK-072514.jpg Germany consumer confidence is set to improve further in August to the strongest level since December 2006 despite escalating geopolitical tensions in Israel and Ukraine, data from market research group GfK showed Friday. The forward-looking consumer sentiment index rose to 9 in August, while it was expected to remain unchanged at 8.9. This was the highest value recorded since December 2006.

Vodafone-072514.jpg Telecom giant Vodafone Group Plc. (VOD.L, VOD) Friday reported growth in revenue for the first quarter, adding that its performance is beginning to stabilise quarter-on-quarter in several European markets.

Lafarge-072514.jpg French cement giant Lafarge SA (LFGEF.PK, LFRGY.PK) Friday reported increased net profit for the second quarter. However, adverse exchange rates continued to weigh on sales and EBITDA, with a 7 percent negative impact on both during the quarter.

stock-market-8_25Jul14.jpg European stocks are seen opening lower on Friday as geopolitical concerns persist and growth worries resurfaced. In an update to its World Economic Outlook report, the International Monetary Fund slashed its 2014 global growth forecast to 9.4 percent this year, down from 3.7 percent it predicted in April,...

Biotechnology-072214.jpg A regulatory application for malaria vaccine candidate, RTS,S, submitted to the European Medicines Agency by GlaxoSmithKline plc (GSK) has been accepted for review, thus becoming the world's first malaria vaccine candidate to undergo regulatory review.

starbucks-072414.jpg Coffee retailer Starbucks Corp. (SBUX), Thursday reported a 23 percent increase in third-quarter profit, after registering double-digit growth in revenues on new store openings and strong customer traffic. The retailer's earnings and revenues for the quarter came in ahead of Wall Street's expectations. Moving...

pandora-072414.jpg Pandora said its second-quarter loss widened, hurt by expenses that offset growth in revenue. However, the results topped Wall Street estimates. The Internet radio provided weak guidance for the third quarter, but boosted expectations for 2014. Investors were disappointed with the announcement, sending Pandora shares down 12 percent.

visa-072414.jpg Visa reported an 11 percent increase in third-quarter profit, as more users swiped their cards for payments, with results topping Wall Street estimates. The company cut its outlook for 2014, and now expects constant revenue growth of 9 percent to 10 percent...