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Touchstone staunches losses in second quarter thanks to higher oil prices
Touchstone Explorations, a Canadian petroleum and natural gas company based in Calgary, Alberta on Friday announced its second quarter interim results.
Range acquires producing assets from Trinity in $4.6m deal
Range Resources announced on Friday that it has entered into a binding sale and purchase agreement to acquire certain producing assets from a wholly-owned subsidiary of Trinity Exploration and Production, for a cash consideration of $4. 55m.
Dixons Carphone gets hit with double downgrade
Consumer electronics retailer Dixons Carphone saw its biggest drop in over 12 months after Simon Bowler of Exane BNP Paribas, one of the top-rated analysts following the stock, downgraded his recommendation for them on Friday.
London midday: Volatility continues to climb heading into the weekend
Stocks are holding near their worst levels of the session with traders still on edge and very wary heading into the weekend break due to the tense geopolitical situation in the Northern Pacific.
Europe midday: Markets depressed as Korea, oil supply concerns continue
Markets in Europe are at their session lows, as Wall Street softness carries over from Thursday and concerns around the Korean geopolitical situation remain tight.
Kubera Cross-Border offloads stake in Synergies Casting
Kubera Cross-Border Fund announced on Friday that its subsidiary, Kubera Cross-Border Fund Mauritius, has entered into a binding agreement as of 8 August to dispose of its entire equity and debt interest in Synergies Casting.
VinaCapital takes major stake in mobile phone distributor
VinaCapital, the manager of the VinaCapital Vietnam Opportunity Fund, announced on Friday that its flagship fund has become a “significant investor” in FPT Digital Retail, a leading mobile phone distributor in Vietnam.
Reuters poll says another 'two to three' years of growth for US
According to a recent poll of economists undertaken by Reuters, the US economic expansion will last "at least another two years," but perhaps not at the speed which the Trump administration had promised.
Uber investor takes legal action to force former CEO Kalanick off board
Former Uber CEO Travis Kalanick faces a legal battle to remain part of the lift-hailing company’s executive board after an investor filed a lawsuit to have him removed.
Asia report: Markets all red as Korea tensions tighten further
Markets in Asia finished lower on Friday, as investors continued to clamber for safe havens with geopolitical tensions over the Korean peninsula tightening once again.
China should remain neutral if N.Korea launches missile strike
China should remain neutral if North Korea decides to launch an attack that threatens the United States, The Global Times said in an editorial on Friday, in what may be a passive warning to Pyongyang over its plans to fire missiles near the US Pacific territory of Guam.
Nationwide pleased with progress as profits remain 'consistent'
Nationwide Building Society reported a dip in profit before tax for the first quarter on Friday, to £322m in the period from 5 April to 30 June, compared to £401m in the same period last year.
London open: Stocks start lower on geopolitical jitters, gold futures flat
Selling from the US and Asian trading sessions has carried over into the London open, despite possible indications that China might not back-up its errant neighbour if it carries out a missile strike that could threaten US territory.
Australia promises to come to bat for US if required
Prime Minister Malcolm Turnbull said Australia would invoke the ANZUS Treaty for just the second time since it was established in 1951, to "come to the aid of the United States" if escalating tensions with North Korea came to a head.
Snap shares tank further after reporting $443m loss
Social media app Snapchat’s parent company Snap Inc is sinking fast in the US stock market, with a $400m loss in its second quarter compounding a major decline since its IPO earlier this year.
Trump doubles down on North Korea after 'fire and fury' threats
US President Donald Trump has refused to back down on threats of ‘fire and fury’ made to North Korea earlier this week, doubling down on his stance against King Jong-un’s regime.
FX round-up : Dissapointing data and simmering geopolitical tensions boost haven currencies
Disappointing economic data releases weighed on both sides of the Atlantic today with a negative goods trade balance for the UK (-0. 1% versus expectations of 1. 4%), higher unemployment claims from the US (244,000) and also a negative month-on-month PPI figure for the US (-0. 1%).
Commodities: Pyongyang outlines plans for launch demonstration, gold rallies as rhetoric builds
The latest rhetoric from North Korea has been to outline a plan for a launch demonstration, simulating an attack on US Pacific territory Guam.
Europe open: Pyongyang vs Washington sees markets spin lower
Markets in Europe started the session sharply lower on Friday, as Wall Street softness carried over from Thursday and concerns around the Korean geopolitical situation remained tight.