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World stock markets lower as investors mull company earnings

FILE - This Monday, Aug. 24, 2015, file photo shows the New York Stock Exchange. U.S. stocks continue to slide early Wednesday, Oct. 26, 2016. Technology companies are taking some of the biggest losses as investors weren?t impressed with Apple?s latest results. Energy companies are falling with the price of oil. (AP Photo/Seth Wenig, File)HONG KONG (AP) ? Global stock markets meandered Thursday as a mixed batch of corporate earnings weighed on investor sentiment.

Volkswagen raises earnings outlook as it returns to profit

FILE - In this Oct. 5, 2015, file photo, the VW sign of Germany's Volkswagen car company is displayed at the building of a company's retailer in Berlin. Volkswagen is scheduled to present its third quarter figures Thursday, Oct. 27, 2016. (AP Photo/Markus Schreiber, File)FRANKFURT, Germany (AP) ? Volkswagen raised its earnings outlook Thursday after bouncing back to a profit of 2.34 billion euros ($2.55 billion) in the third quarter from a large loss a year earlier, when it took a big charge from its car emissions scandal.

MIDEAST STOCKS-Banks boost Gulf markets despite weak global environment

DUBAI, Oct 27 (Reuters) - Banking shares that had been beaten down earlier this month by fears of slowing global economic growth headed for a seventh day of gains on Thursday, boosting Gulf stock markets despite weakness in Asian bourses and oil prices. The Saudi bank sector has been strong since last week's big international bond sale by the government partially eased fears about a liquidity drought in the economy, and on Thursday morning the sector index was up 1.4 percent. This helped the overall Saudi stock market index climb 0.8 percent. ...

China courier ZTO delivers year's biggest U.S. IPO

The logo of ZTO Express is seen in BeijingBy Lauren Hirsch NEW YORK (Reuters) - Chinese package delivery company ZTO Express said it raised $1.4 billion in the biggest U.S. initial public offering of the year on Wednesday as its backers cashed in on China's booming online-shopping industry. The stock market debut, the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba Group Holding Ltd in 2014, gave the Shanghai-based company a market value of more than $12 billion. ZTO's U.S. listing is a head start over rivals in the world's largest express delivery market because it gives the company faster access to cash to expand.

Most Asian markets slide following weak China economic data

Most Asian markets slide following weak China economic dataMost Asian stock market indices were trading lower on Thursday (27 October) with the Shanghai Composite down 0.21% at 3,109.69 as of 6.40am GMT following China reporting weak economic data.

Software company Misys joins list of UK firms to ditch flotation plans

By Dasha Afanasieva and Rachel Armstrong LONDON (Reuters) - Software company Misys has abandoned plans to list on the London stock market, blaming shaky market conditions and adding to a run of aborted flotations in recent weeks. Misys is the largest of a series of initial public offerings (IPOs) to be pulled or postponed in Europe amid investor caution about pricing and the outlook for markets. The company said earlier this month it had hoped to raise around 500 million pounds from its IPO and had been working on signing up investors for more than a week.

Barclays says core earnings fall 73 percent in 3rd quarter

LONDON (AP) ? Barclays says earnings from its core operations fell 73 percent in the third quarter as it took a 320 million-pound ($392 million) charge for bad debts in its U.S. and U.K. credit card businesses.

BUZZ-Qatar's Gulf International Services sinks on Q3 earnings miss

** Shares in Qatar's Gulf International Services drop 3.6 percent to 32.50 riyals ** Company reported 87 percent fall in third-quarter net profit to 28.3 million riyals ($7.8 million); QNB Financial Services had forecast 78.2 million riyals ** Major technical support on April and May lows of 32.45-32.60 riyals ** Qatar stock index rises 0.3 percent (Reporting by Andrew Torchia)
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