Analyst news

• Wall Street falls as earnings weigh; Dow, S&P up for month

  29-04-2016 22:42 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks posted their largest weekly drop in more than two months on Friday as earnings reports continued to weigh, but the S&P 500 and Dow managed to close up for April after strong showings mid-month. Company results once more gave the market direction as a 9 percent decline in Gilead Sciences shares weighed the most on both the S&P and the Nasdaq Composite. Apple and Gilead, alongside Corning , Goodyear and Xerox are among the companies that r
  
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• Yen posts biggest weekly gain since 2008, stocks slip

  29-04-2016 22:22 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding stimulus to the economy, while stocks in Europe and on Wall Street headed lower as earnings disappointed. The yen posted its biggest weekly gain since the 2008 financial crisis, also spurred by a weak reading of U.S. economic growth in the first quarter on Thursday and the Federal Reserve's cautious tone this week. The yen has gained 3 percent since Thursday when th
  
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• Wall Street Week Ahead - With weak earnings in tow, focus turns to jobs data

  29-04-2016 21:30 via news.yahoo.com
  
  By Laila Kearney NEW YORK (Reuters) - Coming off a barrage of flimsy company earnings reports that included Apple's first revenue drop in 13 years, investors will turn to April jobs data for signs of budding resilience or further weakening in the second quarter. U.S. nonfarm payrolls, unemployment and wages data are due Friday May 6, when the economy is expected to have added 200,000 jobs in April, with the unemployment rate unchanged at 5 percent and a wage increase of 0.3 percent, according to
  
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• U.S. earnings still lousy, but showing signs of life

  29-04-2016 21:21 via news.yahoo.com
  
  As earnings season begins to enter the homestretch, what has shaped up to be a dismal quarter for quarterly profits may have reached a bottom. With 311 of the S&P 500 companies having posted results through Friday, 74.6 percent have topped earnings expectations, well above the 63 percent average since 1994 and 68.5 percent for the past four quarters, according to data from Thomson Reuters Proprietary Research. Perhaps more importantly, Thomas Lee, managing partner at Fundstrat Global Advisor
  
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• Here’s Some Rare Good News About 401(k) Savings

  29-04-2016 20:15 via news.yahoo.com
  
  Undeterred by a rocky stock market in the first quarter, a record number of Americans upped their contributions to their 401(k) retirement plans. Fidelity reported on Friday that 13.6 percent of 401(k) investors increased their savings rate in the first quarter, topping the previous high of 12.9 percent set in the first quarter of 2015. The total savings rate for 401(k) savers, which includes individual and employer contributions, also reached a record 12.7 percent in the period, surpassing the
  
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• Healthcare stocks, weak data weigh on Wall Street

  29-04-2016 20:03 via news.yahoo.com
  
  (Reuters) - Wall Street was lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid.
  
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• Apple’s stock suffers worst week since 2013

  29-04-2016 19:36 via rocketnews.com
  A 3D printed Apple logo is seen in front of a displayed stock graph in this illustration taken April 28, 2016. REUTERS/Dado Ruvic/IllustrationMoreBy Noel Randewich
  SAN FRANCISCO (Reuters) – Apple was set on Friday to have its worst week on the stock market since 2013, as worries festered about a slowdown in iPhone sales and after influential shareholder Carl Icahn revealed he sold his entire stake.
  Shares of Apple, a mainstay of many Wall Street portfolios and the largest component of the
  
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• Healthcare stocks, weak data weigh on Wall St

  29-04-2016 18:55 via news.yahoo.com
  
  (Reuters) - Wall Street was lower for a second day on Friday as investors assessed corporate earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid.
  
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• EUR/USD Testing Neckline of Major Double Bottom Pattern

  29-04-2016 18:44
  EUR/USD is testing the neckline from a double bottom that spans 14 months. The objective on a breakout would be near 1.24.
  
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• Ratings agency S&P sees UK staying in EU by small majority

  29-04-2016 18:39 via news.yahoo.com
  
  Ratings agency Standard & Poor's said on Friday it expected Britons to vote to remain in the European Union by a small majority in a June 23 referendum, but that the risk of leaving was a negative for the country's creditworthiness. S&P is the only major ratings agency to maintain a triple-A rating for Britain, but it has a negative outlook, implying a one-in-three chance of a downgrade in the next two years. "The negative outlook continues to reflect our view that the forthcoming refere
  
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• AUD/USD Retail FX Flip Ahead of RBA Meeting; Rate-Cut on Tap?

  29-04-2016 18:35
  The retail crowd has flipped net-short AUD/USD ahead of the RBA meeting, with market participants raising bets for a rate-cut. 
  
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• EUR/USD: Wave analysis and forecast for 29.04 – 06.05.

  29-04-2016 18:05 via liteforex.com
  Forex analytics: Estimated pivot point is at the level of 1.1269. Our opinion: buy the pair from correction above the level of 1.169 with the target of 1.16 – 1.17. Alternative scenario:breakout and consolidation of the price below the level of 1.1269 will allow the pair to continue to decline to 1.1130 – 1.1040. Analysis: presumably, the formation of the correction as the wave (ii) of iii has ...
  
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• Britain's FTSE pushed down by drops at RBS and IAG

  29-04-2016 18:05 via news.yahoo.com
  Britain's top stock market index slid on Friday to record its second straight week of losses, hit by a fall in the shares of Royal Bank of Scotland and airline IAG. The blue-chip FTSE 100 index ended down ...
  
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• Markets Right Now: Stocks move lower on Wall Street

  29-04-2016 17:54 via news.yahoo.com
  
  NEW YORK (AP) — The Latest on global financial markets (all times local):
  
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• USD/CHF: Wave analysis and forecast for 29.04 – 06.05.

  29-04-2016 17:52 via liteforex.com
  Forex analytics: Estimated pivot point is at the level of 0.9800. Our opinion: buy the pair from correction below the level of 0.9580 with the target of 0.94 – 0.93 or lower. Alternative scenario:breakout and consolidation of the price above the level of 0.9800 will allow the pair to continue the rise to 0.99 – 1.00. Analysis: presumably, the formation of the upward correction has completed as the ...
  
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• Yen posts biggest weekly gain since 2008, stocks fall

  29-04-2016 17:37 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The yen hit an 18-month high on Friday as investors bet the Bank of Japan might be done adding fresh stimulus to the economy, while stocks in Europe and Wall Street headed lower as earnings failed to inspire higher valuations. U.S. equities fell about 0.7 percent, following declines in Europe where major stock indexes fell 2 percent or more. The yen was on track for its biggest weekly gain since the 2008 financial crisis, also spurred by a weak reading of U.S
  
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• USD/СAD: Wave analysis and forecast for 29.04 – 06.05.

  29-04-2016 17:36 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.2754. Our opinion:sell the pair from correction below the level of 1.2754 with the target of 1.2250 – 1.22. Alternative scenario:breakdown and consolidation of the price above the level of 1.2754 will enable the pair to continue the rise up to 1.2990 – 1.3220. Analysis: presumably, the formation of the downward impetus continues in the ...
  
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• Wall Street lower as investors assess earnings, data

  29-04-2016 17:31 via news.yahoo.com
  
  Shares of Gilead Sciences fell 8.4 percent to $88.86 after a drop in quarterly profit, making it the biggest drag on the S&P and the Nasdaq. Apple was down 1.5 percent at $93.38 a day after billionaire investor Carl Icahn told CNBC he no longer has a position in the company. Adding to the day's selling pressure, inflation data clouded the path of future rate hikes by the Federal Reserve.
  
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• USD/JPY: Wave analysis and forecast for 29.04 – 06.05.

  29-04-2016 17:23 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 108.70. Our opinion:sell the pair from correction below the level of 108.70 with the target of 106.00 – 105.00.alternative scenario: breakout and consolidation of the price above the level of 108.70 will trigger the rise in the pair up to the levels of 110.70 – 112.00. Analysis: presumably, the formation of the downward impetus continues in ...
  
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• GBP/USD: Wave analysis and forecast for 29.04 – 06.05

  29-04-2016 16:57 via liteforex.com
  Forex analytics:Estimated pivot point is at the level of 1.4513. Our opinion:buy the pair from correction above the level of 1.4513 with the target of 1.4724 - 1.4800. In case of breakdown of the level of 1.4513 and consolidation of the price below this level, sell with the target of 1.4044. Alternative scenario:breakout and consolidation of the price below the level of 1.4513 will enable the pair to ...
  
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• USD/JPY Technical Analysis: Head & Shoulder’s Target And Then What?

  29-04-2016 16:15
  USD/JPY Has Moved Aggressively Lower From 112 After BoJ Didn’t Meet Market Hopes. Now many wonder, how low can it go?
  
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• Wall Street opens lower as investors assess earnings, data

  29-04-2016 16:03 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., April 28, 2016. REUTERS/Brendan McDermidMoreBy Tanya Agrawal
  REUTERS – Wall Street opened lower as investors assessed earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid.
  The Commerce Department said the personal consumption expenditures price index, excluding the volatile food and energy components, edged up 0.1 percent last month after an upwardly revis
  
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• Wall St. opens lower as investors assess earnings, data

  29-04-2016 16:03 via rocketnews.com
  Traders work on the floor of the New York Stock Exchange (NYSE) in lower Manhattanin, New York, U.S., April 20, 2016. REUTERS/Brendan McDermidMoreBy Tanya Agrawal
  (Reuters) – Wall Street opened lower as investors assessed earnings and data showed that U.S. inflation barely rose in March as consumer spending remains tepid.
  The Commerce Department said the personal consumption expenditures price index, excluding the volatile food and energy components, edged up 0.1 percent last month after a
  
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• CAC 40 Declines on European CPI Data

  29-04-2016 15:55
  The CAC 40 is trading down -1.91%, after Euro-Zone CPI figures were released worse than expected this morning.
  
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• EUR/USD, Gold Drive to Resistance as USD Falls Through the Floor

  29-04-2016 15:15
  There has been quite a bit of new information for markets to chew on this week, with even more to come next week. But how might traders approach USD as we drive to new lows?
  
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• Chevron adjusted profit misses expectations

  29-04-2016 15:15 via rocketnews.com
  A Chevron gas station sign is seen in Del Mar, California, in this April 25, 2013 file photo. REUTERS/Mike Blake/FilesMoreBy Ernest Scheyder
  HOUSTON (Reuters) – Oil and gas producer Chevron Corp on Friday posted an adjusted profit that fell short of Wall Street’s expectations, as its cost cuts failed to fully offset low crude prices and weak refining margins.
  Like many of its peers, Chevron slashed spending during the quarter in response to low crude prices , but the reductions were
  
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• Shire jumps as Vyvanse drug helps it to beat earnings forecast

  29-04-2016 14:48 via news.yahoo.com
  Strong demand for Shire (Xetra: S7E.DE - news) 's top-selling Vyvanse drug helped to lift first-quarter earnings by a better than expected 12 percent, boosting the London-listed group's shares ahead of its $32 billion acquisition of U.S (Other OTC: UBGXF - news) . Sales of Vyvanse, a treatment for attention deficit hyperactivity disorder (ADHD), rose 22 percent, partly reflecting the drug's recent approval as a treatment for binge eating disorder (BED). "Shire is off to a strong start in 2016,"
  
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• Analytical review of the stocks of Facebook Inc. of 29.04.2016

  29-04-2016 14:45 via liteforex.com
  Forex analytics: Facebook Inc., #FB [NASD]Technologies, Information Internet Providers, USA Financial performance of the company:Index – S&P 500;Beta – 0.73;Capitalization – 327.58 В;Return on asset – 8.10%;Income – 5.87 В;Average volume – 29.17 М;P/E – 89.22;TR – 4.09.Analytical review:Yesterday, the company issued report for Q1 of the fiscal year 2016. The report ...
  
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• Silver Prices Trade Above Their May 2015 High

  29-04-2016 13:59
  Overnight, silver prices breached last week’s high of $17.71 and the May 2015 high of $17.80. Softer stock markets and US Dollar triggered the push higher.
  
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• Shire earnings rise on strong Vyvanse demand

  29-04-2016 13:33 via news.yahoo.com
  LONDON (Reuters) - Strong demand for hyperactivity treatment Vyvanse helped lift first-quarter earnings 12 percent at Shire , the London-listed drugmaker that is buying U.S. rare diseases firm Baxalta for $32 billion (21.87 billion pounds). Quarterly non-GAAP earnings per share of $3.19 on revenue up 17 percent to $1.71 billion compared with analysts' consensus forecasts of $3.05 and $1.69 billion, respectively, the company said on Friday. "Shire is off to a strong start in 2016," said CEO Flemm
  
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• China's Xi says economy had good start to 2016 but faces pressure - media

  29-04-2016 13:29 via news.yahoo.com
  
  China's economy has had a good start to 2016 and continues to operate within a reasonable range, but still faces relatively large downward pressure, President Xi said on Friday according to state radio. China will strive to have a healthy stock market, and increase regulation to protect investors, Xi was reported to have said. China will have a flexible, two-way foreign exchange policy and keep the yuan basically stable, he added, while the government will also introduce urbanisation reform whic
  
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• British funds raise stock holdings in April

  29-04-2016 13:25 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - British funds raised their equity holdings in April off March's five-year lows, chasing the global stock market rally that has continued into the second quarter thanks to loose central bank policies. UK asset managers have been in a broadly risk-averse mood this year, with many positioning for Britain to exit the European Union after a June referendum by selling equities and raising cash and bond holdings in portfolios. This, in conjunction with continued st
  
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• Global funds raise equity holdings as rally continues

  29-04-2016 13:10 via news.yahoo.com
  
  By Claire Milhench LONDON (Reuters) - Investors raised their equity holdings in April from March's five-year lows, taking the view that the global stock market rally will continue as long as central banks maintain their loose monetary policies, a Reuters poll showed on Friday. The moves higher in global stock markets have been accompanied by a recovery in oil prices to over $48 a barrel, receding worries about the Chinese economy, and the U.S. Federal Reserve indicating it is in no hurry to tigh
  
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• China's Xi says economy had good start to 2016 but faces pressure

  29-04-2016 13:00 via news.yahoo.com
  
  China's economy has had a good start to 2016 and continues to operate within a reasonable range, but still faces relatively large downward pressure, President Xi said on Friday according to state radio. China will strive to have a healthy stock market, and increase regulation to protect investors, Xi was reported to have said. China will have a flexible, two-way foreign exchange policy and keep the yuan basically stable, he added, while the government will also introduce urbanisation reform whic
  
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• GBP/USD: The price is unlikely to go above the level of 1.4625. Technical analysis of 29/04/2016.

  29-04-2016 12:30 via liteforex.com
  Forex analytics: Review and dynamicsThe pair GBP/USD has been growing for the third consecutive week. Earlier, the pair went up in the channel on the daily chart consolidating above support level of 1.4335 (Fibonacci 23.6%). However, the pair may not exceed resistance level of 1.4625 (Fibonacci 38.2% to the decline from 1.5230 since mid-December 2015) and 1.4590 (ЕМА144 on the daily chart). Further rise ...
  
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• EUR/USD Technical Analysis: Near-Term Down Trend at Risk

  29-04-2016 12:07
  The Euro is poised to break the near-term down trend established from mid-April highs as prices work to secure a fifth consecutive daily gain.
  
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• FTSE 100 Remains Flat Following Batch of Eurozone Data

  29-04-2016 11:59
  Price has been trading lower after it reached the April 21 high of 6432 and Wednesday’s high of 6343 is the last swing high of this short-term downtrend.
  
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• NZD/USD Technical Analysis: Top Below 0.71 Intact for Now

  29-04-2016 11:58
  The New Zealand Dollar launched aggressively higher against its US counterpart, issuing the largest daily advance in nearly three months.
  
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• GBP/USD: Consumer confidence in the UK fell in April. Fundamental analysis of 29.04.2016.

  29-04-2016 11:45 via liteforex.com
  Forex analytics: According to the data presented by research company GfK today, consumer confidence index in the UK fell to the negative value of -3. This is the lowest level since the end of 2014. Upcoming referendum in June and debates about membership of the county in the EU negatively affect British consumer confidence index. GfK also mentioned that the decline in the index was caused by the negative ...
  
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• AstraZeneca first-quarter revenue up, earnings down

  29-04-2016 11:36 via news.yahoo.com
  (ShareCast News) - AstraZeneca posted a drop in first-quarter earnings but a rise in revenue as core research and development costs increased, reflecting recent acquisitions.
  
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• XAU/USD: The price went back to 1280.00. Technical analysis of 29/04/2016.

  29-04-2016 11:28 via liteforex.com
  Forex analytics:Review and dynamics Since the beginning of this year the price of gold has grown by almost 20% from the level of 1048.00 USD per ounce. The rise was caused by the fact that investors have preferred to invest to the safe-haven assets due to uncertainty in the world financial market. The rise in price, which started at the beginning of this year, is the highest in the past 30 years. Spot-price ...
  
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• AUD/USD Technical Analysis: Selloff Stalls at Key Support

  29-04-2016 11:14
  The Australian Dollar has found interim support at trend support set from early march after falling against its US counterpart as expected.
  
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• London open: Stocks fall as investors wade through earnings

  29-04-2016 11:10 via news.yahoo.com
  (ShareCast News) - UK stocks declined on Friday as investors sifted through corporate earnings from a batch of FTSE 100-listed companies.
  
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• Yen surges again, hitting stocks and dollar

  29-04-2016 11:01 via news.yahoo.com
  
  By Jamie McGeever LONDON (Reuters) - The yen rallied to an 18-month high on Friday as investors wagered the Bank of Japan might be done adding fresh stimulus to the economy, weighing on stock markets around the world. With Japan on holiday, speculators drove the yen through 107.00 per dollar for the first time since October 2014. Often seen as a sign of broader risk aversion among investors, the move coupled with a decline on Wall Street overnight to pushed Asian and European stocks into the red
  
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• Analytical review of the currency pair USD/JPY of 29.04.2016

  29-04-2016 10:31 via liteforex.com
  Forex analytics: Technical data of the currency pair: Previous closing: 108.11;Daily range: 106.99-108.20;Opening: 108.11;52 - week range: 106.99-125.86;Annual revenue: -9.46%;  Change in % for the previous day: -3.03; Analytical review:In the last three trading session the currency traded in the range of 110.85 – 111.75. During yesterday’s session the Yen has significantly strengthened against ...
  
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• XAU/USD: The price of gold has been growing for the fifth day. Fundamental analysis of 29.04.2016.

  29-04-2016 10:23 via liteforex.com
  Forex analytics:The price of gold has grown by almost 20% since the beginning of this year. The events of this week caused the rise in price of the precious metals. At the end of trades in COMEX on Thursday June futures for gold has grown by на 1.3% up to 1266.40 USD per troy ounce. The price of gold started to rise at the beginning of this week in anticipation of the US Fed meeting and interest rate ...
  
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• DAX 30 Remains Bearish Ahead of Eurozone Inflation and GDP

  29-04-2016 10:19
  Yesterday, the DAX 30 swiftly recuperated most of its losses. However, it was not good enough, and this morning the trend remained bearish below 10,346
  
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• Yen Hits 18-Month High, US Dollar Seeks Lifeline in PCE Data

  29-04-2016 10:11
  The Japanese Yen hit an 18-month high against the US Dollar as the greenback looks for a lifeline in the Fed’s favored PCE measure of inflation.
  
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• Sensex poised for first weekly drop in three as earnings disappoint

  29-04-2016 10:07 via news.yahoo.com
  
  India's stock markets fell on Friday as ICICI Bank slumped more than 2 percent after reporting its smallest quarterly profit in nearly a decade, as indexes headed for their first weekly decline in three after disappointing quarterly results. ICICI Bank, India's second-biggest private sector lender by assets, declined 2.5 percent as its fourth-quarter net profit lagged estimates after provisions for bad loans jumped. Cement makers such as ACC and Ambuja Cements rose 1 percent each after posting a
  
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• AstraZeneca, in earnings trough, doubles down on cancer drugs

  29-04-2016 09:20 via news.yahoo.com
  
  By Ben Hirschler LONDON (Reuters) - AstraZeneca is increasing its focus on cancer treatments in a drive to streamline operations after underlying earnings, hit by drug patent expiries, fell 12 percent in the first quarter, broadly in line with analyst expectations. Chief Executive Pascal Soriot said on Friday that he would sharpen the prioritisation of investments and increase spending in oncology while cutting commercial and manufacturing operations.
  
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