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Asian shares retreat after Wall St losses

Asian markets fall following a heavy sell-off on Wall Street as a mixed bag of data raises concerns about the global economyHong Kong (AFP) - Asian markets sank Thursday following a heavy sell-off on Wall Street as a mixed bag of data raised concerns about the global economy, while the dollar tumbled a day after breaking 110 yen for the first time in six years.


Rocket Internet shares slide on stock market debut

Visitors stand in front of the DAX board at the Frankfurt stock exchangeFRANKFURT (Reuters) - Shares in Rocket Internet plunged 14 percent within minutes of their stock market debut in Frankfurt on Thursday as investors gave Europe's largest internet listing since 2000 a cold welcome. Global e-commerce investor Rocket had sold shares at the top of its price range and brought forward the debut by a week, citing exceptional investor demand. The shares started trading at the offer price of 42.50 but fell to 36.66 euros after a few minutes. By 1005 GMT (11:05 a.m. BST), they were down 3.9 percent at 40.83 euros. ...


Hong Kong protests hit city's role as finance hub

Protesters rest outside a shopping mall during a rally in Hong Kong, Thursday, Oct. 2, 2014. Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China. (AP Photo/Vincent Yu)HONG KONG (AP) ? Shops in Hong Kong have closed and the local stock market has plunged but protesters are gambling their agitation for greater democracy will pay off by preserving institutions that made this former British colony a profitable asset to China.


Britain's FTSE falls, ECB in focus

* Babcock falls on report of MSCI (NYSE: MSCI - news) index caps * Details awaited on ECB's new asset-buying plan LONDON, Oct 2 (Reuters) - UK shares fell on Thursday, extending steep falls seen in the previous session and following a drop on Wall Street, as investors awaited details of the European Central Bank's plan to buy asset-backed debt. Engineering contractor Babcock International (LSE: BAB.L - news) was a big loser, with traders citing reports that index compiler MSCI was capping weights in indexes due to foreign ownership limit.

Windfalls for Branson, UK government and staff in Virgin Money IPO

A logo at a branch of Virgin Money bank is seen in the City of LondonBy Steve Slater LONDON (Reuters) - Britain's government, almost 3,000 Virgin Money staff and entrepreneur Richard Branson will share a multi-million pound windfall when the challenger bank lists in London in the coming weeks. Virgin Money intends to raise 150 million pounds from a stock market listing in London, the company said on Thursday. It will pay 50 million pounds to the UK Treasury under the terms of its purchase of nationalised lender Northern Rock in 2011. Virgin will also give each of its 2,800 staff shares worth 1,000 pounds, which they can sell after one year. ...


Gold gets boost from safe-haven bids as equities slide

24 karat gold bars are seen at the United States West Point Mint facility in West Point, New YorkBy A. Ananthalakshmi SINGAPORE (Reuters) - Gold added to overnight gains on Thursday, buoyed along with other safe-haven assets, as weak global manufacturing data and the first diagnosis of Ebola in the United States unnerved equities. Gold, often seen as an alternative investment during times of uncertainty, had edged up 0.6 percent to $1,220.55 an ounce by 0344 GMT. The metal gained 0.4 percent on Wednesday after earlier falling towards a nine-month low. Asian stocks dipped following Wall Street's losses, sending investors scurrying to the safety of U.S. bonds, the Japanese yen and gold. ...


Agrium forecasts smaller than expected quarterly profit

(Reuters) - Canadian fertilizer producer Agrium Inc said on Wednesday that it expected third-quarter earnings from continuing operations of 45 cents to 55 cents per share, falling short of Wall Street expectations. Agrium shares fell 4.5 percent in New York after normal trading hours to $84. Analysts were expecting Agrium to report third-quarter earnings of 68 cents, according to Thomson Reuters I/B/E/S. Two of Agrium's major production facilities are currently offline, but the company said stronger results from nitrogen sales would offset the impact. ...

Wall Street tumbles on Ebola fears; small caps drop

Traders work on the floor of the New York Stock ExchangeBy Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks dropped more than 1 percent on Wednesday as the first diagnosis of Ebola in a patient in the United States spooked investors, economic data pointed to uneven growth, and the Russell 2000 index entered correction territory. The Ebola news pressured shares of airlines and other transportation names, with the NYSE ARCA Airline index falling 3.1 percent, the biggest percentage decline since January. The Dow Jones transportation average dropped 2.5 percent, its biggest daily percentage drop since February. ...


 
 
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