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Indonesia goes quiet on dispute with Churchill Mining
The long-running dispute between AIM-listed Churchill Mining and the Indonesian government over a coal project took another turn on Wednesday when the company reported that its opponent had failed to make its latest payment in the arbitration process.
Rare Earth Minerals receives good news from Cinovec
Rare Earth Minerals received positive news from one of its investments on Wednesday, receiving the latest analytical results from the Cinovec Lithium-Tin-Tungsten Project.
US existing home sales surge 5.1% in March
Sales of existing US homes rose 5. 1% in March to a seasonally-adjusted annual rate of 5. 33m from a downwardly-revised 5. 07m the previous month, according to data from the National Association of Realtors.
UK unemployment rises for first time since mid-2015
UK unemployment rose for the first time since mid-2015 in the three months to February, official data showed on Wednesday.
Noricum Gold sees production in Q3 2016
Noricum Gold said it had set its sights on gold production in the third quarter of 2016 as it narrowed full year pre-tax losses to £0. 653m compared with £1. 4m.
PCG Entertainment reports earnings increase in first quarter
PCG Entertainment reported an increase in revenue and earnings for the first quarter on Wednesday, though it was struggling to convince the market in afternoon trading.
April fall in Brazilian inflation opens door to rate cuts, analyst says
Increases in the cost of living in Brazil continued to decelerate in April, possibly opening the door to interest rate cuts by the central bank in the back half of 2016.
Credit Suisse starts Paddy Power Betfair at 'underperform'
Credit Suisse initiated coverage of Paddy Power Betfair at ‘underperform’ with a 8,650p price target, saying the merger benefits were being overplayed, with the cost synergies and scale failing to justify the share price.
Coca-Cola's first-quarter profit slips; strong dollar weighs
Beverage maker Coca-Cola posted a drop in first-quarter earnings as it took a hit from a stronger greenback and charges related to refranchising.
Google 'abused dominant position' with Android, says EC
Google was told it had breached European competition regulations on Wednesday, through its preferential treatment of its Android operating system on mobile applications.
Investec boosts target prices, bias towards miners
The slight improvement in China’s fundamentals did not justify in miners’ equity prices, Investec said, but recent events surrounding the sector nevertheless prompted the broker’s analysts to boost their target prices for many of the companies under their coverage and to move to a “mild positive bias”.
FTSE 100 movers: Commodity stocks shining despite weaker market
The FTSE 100 traded lower on Wednesday afternoon as the oil price fell once again due to oversupply concerns, despite commodities stocks moving into positive territory. At 1410 BST the index was down 0. 35% to 6,382. 81.
FTSE 250 movers: Rentokil in favour; N Brown fall on slowdown news
The midcap FTSE 250 index was slightly lower in mid-afternoon trade, down 0. 16% at 17,016. 96.
Great Western Mining narrows FY loss
Aim-listed gold, silver and copper miner Great Western Resources said it had narrowed full year pre-tax losses to €0. 34m from €0. 37m.
Results round-up
First quarter results from ARM Holdings indicated the microchip processor maker remains at the forefront of technology and analysts forecasts, with licence revenue also bouncing back to growth after a slow finish to last year.
Wednesday newspaper share tips: Ashmore Group, AB Foods
Argentines aren’t the only ones with sturdy egos these days, emerging market bond fund managers also have a new-found spring in their step, the Financial Times’s Lex column said.
Broker tips: N Brown, Burberry, BT Group
Broker Peel Hunt downgraded N Brown to 'reduce' after the specialist fit clothing retailer ran into challenging conditions in the new financial year.
Rame Energy signs wind farm consultancy deal with Goldcorp
Rame Energy announced a contract win on Wednesday, signing a consultancy agreement with senior gold producer Goldcorp.
Servoca surges thanks to UK teacher shortage
Outsourcing and recruitment services group Servoca said its first-half trading has improved "significantly" thanks to the UK teacher shortage and strong demand for nurses from the NHS and private hospitals.
Turkish central bank steps up pace of rate cuts
Turkey’s central bank cut overnight lending rates in reaction to falling inflation, which made it less necessary to maintain a wider interest rate corridor.