Indonesia stocks lower at close of trade

Indonesia stocks were lower after the close on Tuesday, as losses in the Agriculture, Miscellaneous Industry and Financials sectors led shares lower. At the close in Jakarta, the IDX Composite Index lost 0.81%. The best performers of the session on the IDX Composite Index were Indo Kordsa Tbk , which rose 25.00% or 1125 points to trade at 5625 at the close. Meanwhile, Maskapai Reasuransi Indonesia  added 19.81% or 1575 points to...

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How four words rewrote Bayer-Monsanto deal script

By Tom Polansek and Greg Roumeliotis (Reuters) - "There is nothing there." Monsanto Co-President Brett Begemann uttered those words last week to a small group of investors and a Reuters reporter when asked how the world's largest seed company he helps lead might fit with German drugs and crop chemicals group Bayer AG. Those four words, said on the sidelines of a New York conference, set off a series of events leading to the disclosure...

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Moody's cuts Saudi, Oman, Bahrain debt ratings

Moody's cuts Saudi, Oman, Bahrain debt ratings DUBAI (Reuters) - Moody's Investors Service cut its debt ratings for Saudi Arabia, Oman and Bahrain on Saturday while assigning negative outlooks to three neighboring states, as low oil prices continue to undermine government finances in the region. The rating agency downgraded Saudi Arabia's long-term issuer rating by one notch to A1 but gave the kingdom a stable outlook, saying sweeping...

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Dalio's Bridgewater Associates dumps Amazon.com, Coca-Cola: filing

Dalio's Bridgewater Associates dumps Amazon.com, Coca-Cola: filing New York (Reuters) - Ray Dalio's Bridgewater Associates hedge fund firm sold off its stakes in Amazon.com Inc, Coca-Cola Inc, and Gap Inc during the first quarter and added new stakes in Alphabet Inc and McDonald's Corp, according to the latest regulatory filings. Bridgewater, the world's largest hedge fund, also slashed its holdings of Apple Inc  by two-thirds, PepsiCo...

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Denmark stocks higher at close of trade; OMX Copenhagen 20 up 1.02%

Denmark stocks were higher after the close on Tuesday, as gains in the Personal & Household Goods, Consumer Goods and Software & Computer Services sectors led shares higher. At the close in Copenhagen, the OMX Copenhagen 20 gained 1.02%. The best performers of the session on the OMX Copenhagen 20 were Pandora A/S , which rose 11.20% or 95.5 points to trade at 948.5 at the close. Meanwhile, DSV  added 2.34% or 6.3 points to...

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Saudi Arabia stocks higher at close of trade

Saudi Arabia stocks were higher after the close on Sunday, as gains in the Insurance, Energy & Utilities and Industrial Investment sectors led shares higher. At the close in Saudi Arabia, the Tadawul All-Share rose 0.24%. The best performers of the session on the Tadawul All Share were Salama Cooperative Insurance Co, which rose 10.18% or 1.70 points to trade at 18.40 at the close. Meanwhile, Saudi Arabian Cooperative Insurance  added...

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Bank of America overhauling mutual fund offerings

Bank of America overhauling mutual fund offerings (Reuters) - Bank of America  will provide research coverage on all of its mutual fund offerings, a move that will require it to get rid of some underperforming and unpopular funds, a company spokesman said on Friday. Bank of America offers over 3,500 mutual funds to its Merrill Lynch brokerage and investment advisory clients, currently providing in-depth coverage on only about 20 percent...

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Wall St. falls after disappointing jobs data

Wall St. falls after disappointing jobs data By Tanya Agrawal (Reuters) - U.S. stocks were lower on Friday after April payrolls data showed employment gains hit a seven-month low, casting doubts about the health of the economy and the likelihood of an interest rate hike by the end of the year. Nonfarm payrolls increased by 160,000 last month, far below the 202,000 that economists polled by Reuters had forecast on average. The number...

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China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua

China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua By Adam Jourdan and Siva Govindasamy SHANGHAI/SINGAPORE (Reuters) - China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported late on Wednesday, citing the country's civil aviation regulator. The Civil Aviation Administration of China  said the investment, which will focus on airports,...

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Economies could shrink by mid-century due to scarce water - World Bank

By Sebastien Malo NEW YORK (Thomson Reuters Foundation) - Economies across large swathes of the globe could shrink dramatically by mid-century as fresh water grows scarce due to climate change, the World Bank reported on Tuesday. The Middle East could be hardest hit, with its gross domestic product slipping as much as 14 percent by 2050 unless measures are taken to reallocate water significantly, the Washington-based institution said in a...

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Healthy U.S. April auto sales fail to offset growth fears

Healthy U.S. April auto sales fail to offset growth fears By Bernie Woodall DETROIT (Reuters) - Detroit automakers reported another month of strong demand from U.S. consumers for trucks and sport utility vehicles on Tuesday, but their shares dropped as analysts focused on signs the world's second-largest auto market has little room to grow. U.S. light vehicle sales in April totaled 1.51 million, up 3.6 percent from a year earlier, for...

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Indonesia stocks higher at close of trade; IDX Composite Index up 0.08%

Indonesia stocks higher at close of trade Indonesia stocks were higher after the close on Tuesday, as gains in the Financials, Property and Basic Industry sectors led shares higher. At the close in Jakarta, the IDX Composite Index gained 0.08%. The best performers of the session on the IDX Composite Index were Wilmar Cahaya Indonesia Tbk, which rose 16.98% or 135 points to trade at 930 at the close. Meanwhile, Prasidha Aneka Niaga Tbk...

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Wall Street drops more than 1 percent as growth fears resurface

By Tanya Agrawal (Reuters) - Wall Street was sharply lower, with the three major indexes falling more than 1 percent in late morning trading on Tuesday, after weak economic data out of China and Europe rekindled fears of a slowing global economy. Activity at China's factories shrank for the 14th straight month in April as demand stagnated, a private survey showed. Britain's manufacturing output also unexpectedly shrank to hit its lowest...

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Germany stocks lower at close of trade; DAX down 1.94%

Germany stocks lower at close of trade; DAX down 1.94% Germany stocks were lower after the close on Tuesday, as losses in the Technology, Utilities and Transportation & Logistics sectors led shares lower. At the close in Frankfurt, the DAX fell 1.94%, while the MDAX index declined 1.10%, and the TecDAX index declined 1.06%. The best performers of the session on the DAX were Beiersdorf AG O.N., which rose 0.84% or 0.660 points to trade...

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