European shares buoyed by tech, pharma stocks; Fiat, Bayer slump
* FTSEurofirst 300 gains 0.2 percent* Fiat top loser on emission concerns* Bayer down after making Monsanto offer* Aixtron rallies as takeover bid agreed (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds details, share prices)By Danilo MasoniMILAN, May 23 European shares inched higher on Monday, helped by gains in tech and healthcare stocks, but Fi..>> view originalAnalysis: Scientists agree GMOs are safe, but unlikely to convince skeptics quickly
more stories from this episode Earlier this week, the National Academy of Sciences — a science group founded by the U.S. Congress— issued its latest report on genetically engineered crops. The report concludes that GMOs, genetically modified organisms, are safe to eat. But even before it came out, the report and the NAS were criticized by Food & Water Watch, a consumer rights group. It accused some members of the committee that prepared the report of receiving research funding from biotech..>> view originalRyanair Posts Profit Jump, Warns of Growing Pressure on Airfares
LONDON—Ryanair Holdings PLC posted a 43% rise in net profit in its latest fiscal year when the number of passengers passed 100 million for the first time, but warned that worries about terrorism could push falling airfares even further down. Europe’s largest budget carrier by traffic said on Monday that net profit rose to €1.24 billion ($1.39 billion) in the year to end-March from €867 million the previous year, partly reflecting...>> view originalEuro-Area Growth Seen Slowing as Outlook Clouds Amid Weak Orders
Growth in the euro area’s private sector unexpectedly slowed in May, signaling that the region won’t maintain the strong pace of expansion recorded at the start of the year. A Purchasing Managers Index slipped to 52.9 from 53 in April, London-based Markit Economics said on Monday. Economists surveyed by Bloomberg predicted an increase to 53.2. A gauge for services activity held at 53.1, while one for manufacturing fell to 52.4 from 52.6. The 19-nation economy expanded 0.5 percent in the first ..>> view originalAsian Stocks Climb as Tech Shares Rise, Chinese Equities Gain
Asia’s benchmark stock index rebounded from four weeks of losses as Chinese and Taiwanese shares gained while Japanese equities pared a steep loss.The MSCI Asia Pacific Index rose 0.4 percent to 126.09 as of 4:28 p.m. in Hong Kong, swinging from a drop of as much as 0.6 percent. The biggest gains were seen in Taiwan, where the Taiex index rallied 2.6 percent, the most since September, on optimism Apple Inc. orders for the iPhone 7 will be higher than estimated. Japan’s Topix index lost 0.4 perc..>> view originalTensions Boil Over in Redstone's Media Empire
Months of tension over the fate of Sumner Redstone’s $40 billion media empire erupted into open warfare over the weekend, as two of the mogul’s longtime lieutenants were told they were removed as stewards of his holdings in Viacom Inc. and CBS Corp. Late Friday, a lawyer claiming to represent Mr. Redstone informed Viacom Chief Executive Philippe Dauman and Viacom director George Abrams that they had been dismissed from the seven-member trust that Mr. Redstone set up to manage his nearly 80% vot..>> view original
Monday, May 23, 2016
European shares buoyed by tech, pharma stocks; Fiat, Bayer slump and other top stories.
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