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Drugmaker Pfizer decides not to break up business

Drugmaker Pfizer decides not to break up businessDrug giant Pfizer says it won't split into two publicly traded companies, despite pressure from investors frustrated by its lagging stock price, ending years of Wall Street speculation over its strategy ...


Wall Street falls as investors brace for presidential debate

Traders work on the floor of the NYSE in New York CityWall Street fell on Monday as investors hunkered down for the first U.S. presidential debate between candidates Hillary Clinton and Donald Trump. The race for the White House has so far had little discernible effect on the sentiment but that may change if Monday's encounter leaves a decisive winner. With just over six weeks until the Nov. 8 vote, some investors see the neck-and-neck contest sparking volatility in sectors including health insurers, drugmakers and industrials.


Lanka IOC says diesel tax increase will hit earnings

To match Interview SRILANKA-LANKA-IOC/By Shihar Aneez and Ranga Sirilal COLOMBO (Reuters) - The Sri Lankan government's decision to increase tax on diesel is likely to hit 2016/17 second-half earnings at fuel retailer Lanka IOC, its managing director said on Monday. Under pressure from the International Monetary Fund to increase revenue, Sri Lanka's finance ministry increased excise duty on diesel by 10 rupees to 13 rupees per litre from Aug. 20, stipulating that fuel retailers cannot pass on the cost to consumers. Lanka IOC's Shyam Bohra said the subsidiary of Indian Oil Corporation had previously been cushioned against losses in petrol since December 2014 by the profit margin offered by diesel sales.


Wall Street opens lower, weighed down by Apple

Traders work on the floor of the NYSE in New York City(Reuters) - U.S. stocks opened lower on Monday as Apple weighed on the three major indexes and investors geared up for the first debate between U.S. presidential candidates Hillary Clinton and Donald Trump. The Dow Jones Industrial Average was down 104.99 points, or 0.57 percent, at 18,156.46. The S&P 500 was down 10.73 points, or 0.5 percent, at 2,153.96 and the Nasdaq Composite was down 32.99 points, or 0.62 percent, at 5,272.76. (Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)


Wall Street set to open lower as presidential debate looms

Traders work on the floor of the New York Stock Exchange (NYSE) in New York CityWall Street was set to open lower on Monday, with investors gearing up for the first debate between U.S. presidential candidates Hillary Clinton and Donald Trump. Deutsche Bank's U.S.-listed shares fell nearly 5 percent premarket and dragged on big Wall Street banks after a German magazine cited government sources saying Chancellor Angela Merkel has ruled out state assistance for the lender and any interference in the ongoing U.S. justice department investigation. While the White House race has so far had little discernible effect on the market, that may soon change as polls show a tightening race.


World stocks get twitchy before Trump-Clinton showdown

Traders work at their desks in front of the German share price index DAX board in FrankfurtBy Abhinav Ramnarayan LONDON (Reuters) - European and Asian shares retreated on Monday with investors focused on how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting. Wall Street looked set to open lower, according to index futures , before the first of three debates, which was due to begin at 0100 GMT/2100 ET. Half of America's likely voters will rely on the presidential debates to help them make their choice between Republican Trump and Democrat Clinton in the Nov. 8 election, according to a Reuters/Ipsos poll released on Monday.


Philippines' Duterte pivots to China, Russia as investors flee

Philippines President Rodrigo Duterte has attracted widespread criticism from Western governments and rights groups for a bloody crime crackdownPhilippine President Rodrigo Duterte said Monday he would seek closer economic ties with China and Russia, as the local currency and stock market extended declines following Western criticism of his deadly war on crime. The peso hit a seven-year low to the dollar on Monday and foreign investors pulled out from local shares for a 23rd straight day, which analysts said was due to growing uncertainty over Duterte's handling of what has been one of Asia's best-performing economies in recent years. "I will open trade alliances with Russia and China so all you other investors, just go.


Asian markets slide ahead of first US presidential debate

Asian markets slide ahead of first US presidential debateMost Asian stock market indices were trading lower on Monday (26 September), with the Shanghai Composite down 1.68% at 2,982.93 as of 6.55am GMT amid investor concerns over the first US presidential debate which is scheduled to take place later in the day.


 
 
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