Air France-KLM to name Jean-Marc Janaillac as new CEO: source

Air France-KLM to name Jean-Marc Janaillac as new CEO: source PARIS (Reuters) - Air France-KLM's  board is to appoint Jean-Marc Janaillac as the Franco-Dutch airline group's next chief executive on Tuesday to replace Alexandre de Juniac, a source close to the matter said on Saturday. Frederic Gagey would remain as head of Air France, the source said. Sixty-three-year-old Janaillac, CEO of multi-modal transport company Transdev since...

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U.S. stocks post slight losses as Dow, S&P end April flat for the month

U.S. stocks post slight losses as Dow, S&P end April flat for the month  U.S. stocks fell slightly on Friday, ending April with one of their worst weeks since early-February as a sell-off in the technology and health care sectors, as well as a wave of soft economic data weighed on the major indices. The Dow Jones Industrial Average lost 57.12 or 0.32% to 17,773.64, while the S&P 500 Composite index fell 10.51 or 0.51% to...

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India's Mallya says willing to reach 'reasonable' debt settlement: FT

India's Mallya says willing to reach 'reasonable' debt settlemen (Reuters) - Embattled Indian tycoon Vijay Mallya wants a "reasonable" settlement with creditor banks to his defunct airline, he said in an interview in London published by the Financial Times on Friday. Mallya, 60, flew first class from Delhi to London on March 2 at a time when the Indian government and mainly state-controlled banks are trying to recover $1.4 billion owed by...

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Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.21%

Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.21% Saudi Arabia stocks were lower after the close on Thursday, as losses in the Real Estate Development, Media & Publishing and Insurance sectors led shares lower. At the close in Saudi Arabia, the Tadawul All Share fell 0.21%. The best performers of the session on the Tadawul All Share were Etihad Atheeb Telecommunication, which rose 9.76% or 0.40 points to trade...

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Facebook revenue smashes expectations as mobile ad sales surge

Facebook revenue smashes expectations as mobile ad sales surge By Yasmeen Abutaleb and Anya George Tharakan (Reuters) - Facebook Inc's quarterly revenue rose more than 50 percent, handily beating Wall Street expectations as its wildly popular mobile app and a push into live video lured new advertisers and encouraged existing ones to boost spending. The company's shares rose 9.5 percent in after-hours trading on Wednesday to $118.39, setting...

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France's Sanofi makes $9.3 billion bid for U.S. biotech Medivation

France's Sanofi makes $9.3 billion bid for U.S. biotech Medivation PARIS (Reuters) - French pharmaceuticals group Sanofi said on Thursday it had made an all-cash offer to buy U.S. biotech firm Medivation in a deal worth about $9.3 billion. Sanofi said in a statement it was proposing a non-binding proposal to buy Medivation for $52.50 per share, representing a 50 percent premium over the San Francisco-based firm's recent volume weighted average...

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Banks need not sell excess shares, can internally adjust

Banks need not sell excess shares, can internally adjust Siddique Islam and Mohammad Mufazzal Banks detected with overexposures on the capital market need not sell off excess shares for compliance with legal limits within the stipulated timeframe as per fresh government policy support.   Under the revised policy supports extended by the central bank, the banks are allowed to get their overexposures adjusted through restructuring...

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Japan stocks lower at close of trade; Nikkei 225 down 0.36%

Japan stocks lower at close of trade; Nikkei 225 down 0.36% Japan stocks were lower after the close on Wednesday, as losses in the Transportation Equipment, Railway & Bus and Electrical/Machinery sectors led shares lower. (adsbygoogle = window.adsbygoogle || []).push({}); At the close in Tokyo, the Nikkei 225 declined 0.36%. The best performers of the session on the Nikkei 225 were IHI Corp., which rose 4.33% or 11.0 points to...

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Portugal stocks lower at close of trade; PSI 20 down 0.75%

Portugal stocks lower at close of trade Portugal stocks were lower after the close on Tuesday, as losses in the Financials, Technology and Consumer Goods sectors led shares lower. At the close in Lisbon, the PSI 20 lost 0.75%. The best performers of the session on the PSI 20 were CTT Correios de Portugal SA, which rose 1.45% or 0.1160 points to trade at 8.0950 at the close. Meanwhile, Pharol SGPS SA added 1.42% or 0.0020 points to end...

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Indonesia stocks lower at close of trade; IDX Composite Index down 1.33%

Indonesia stocks lower at close of trade Indonesia stocks were lower after the close on Tuesday, as losses in the Infrastructure, Financials and Consumer Industry sectors led shares lower. At the close in Jakarta, the IDX Composite Index fell 1.33%. The best performers of the session on the IDX Composite Index were Bayu Buana Tbk, which rose 22.22% or 200 points to trade at 1100 at the close. Meanwhile, Golden Energy Mines Tbk added...

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Marico recommends 50pc final cash div

FE Online Report The Board of Directors of Marico Bangladesh has recommended 50 percent final cash dividend in addition to the total 400 percent interim cash dividend i.e. total 450 percent for the financial year ended on March 31, 2016. (adsbygoogle = window.adsbygoogle || []).push({}); The annual general meeting (AGM) will be held on July 26 at 9:30am at Hotel Le Meridien in Dhaka. The record date is on May 22. The company has also...

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New Zealand shares fall ahead of Fed meeting

New Zealand shares fall ahead of Fed meeting New Zealand shares fell on Tuesday ahead of Policy decisions by the US Federal Reserve, Bank of Japan (BOJ) and the Reserve Bank of New Zealand (RBNZ). (adsbygoogle = window.adsbygoogle || []).push({}); The banks are dampening appetite for risk assets, traders and analysts said. New Zealand's benchmark S&P/NZX 50 index fell 0.7 per cent or 46.56 points to 6,819.55. Banks were mixed...

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How one Russian oligarch beat the crisis and made a fortune

How one Russian oligarch beat the crisis and made a fortune By Dmitry Zhdannikov LONDON (Reuters) - As Russia was descending into financial crisis, some of its most influential oil and stocks traders gathered at the exclusive River Club in central Moscow at the invitation of state lender Sberbank. It was December 2014, and the future looked bleak as oil prices tumbled, but Sberbank had a special cause for celebration. "We have just...

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Australia stocks lower at close of trade; S&P/ASX 200 down 0.31%

Australia stocks lower at close of trade Australia stocks were lower after the close on Tuesday, as losses in the Metals & Mining, Resources and Materials sectors led shares lower. At the close in Australia, the S&P/ASX 200 fell 0.31%. The best performers of the session on the S&P/ASX 200 were Rea Group Ltd, which rose 3.71% or 1.860 points to trade at 52.010 at the close. Meanwhile, Liquefied Natural Gas Ltd added 3.45%...

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Japan stocks lower at close of trade

Japan stocks lower at close of trade Japan stocks were lower after the close on Monday, as losses in the Paper & Pulp, Gas & Water and Fishery sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.76%. The best performers of the session on the Nikkei 225 were Sharp Corp. (T:6753), which rose 5.54% or 8.0 points to trade at 152.5 at the close. Meanwhile, Yaskawa Electric Corp. (T:6506) added 4.83% or 63.0 points to...

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