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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.

Asia shares extend losses, dollar firms but off highs

File photo of a man cleaning electronic boards outside a brokerage in TokyoAsian shares extended losses on Thursday after disappointing earnings from technology giant Apple dragged on Wall Street, while the dollar firmed but remained shy of this week's nearly nine-month highs. An overnight slide in oil prices combined with disappointment over Apple's earnings had prompted a broad sell off in the technology sector, wrote Michael Hewson, chief market analyst at CMC Markets in London. "Markets in Asia have followed on from this weak lead this morning and this looks set to lead to a weaker open for European markets this morning." CMC Markets expected Britain's FTSE 100 , France's CAC 40 and Germany's DAX to open moderately lower.

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)

Asian stocks mostly 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) ? Stocks retreated in most Asian markets on Thursday as investors assessed a fresh round of corporate earnings from major companies across the region.

BUZZ-Abu Dhabi's First Gulf Bank climbs after earnings

** Shares in Abu Dhabi's First Gulf Bank rise 2.3 percent to 11.10 dirhams in opening minutes ** Bank reported rise in third-quarter net profit to 1.86 billion dirhams ($507 million) from 1.42 billion dirhams, partly because of gains from real estate sales; average forecast of analysts was for 1.37 billion dirhams ** But it booked 32 percent rise in provisions for bad loans ** Stock had dropped to nine-month low in weeks before earnings announcement ** Minor technical resistance at 11.25 dirhams, this week's high ** Abu Dhabi stock index rises 0.8 percent (Reporting by Andrew Torchia)

MIDEAST STOCKS-Gulf may have soft tone; UAE and Qatar earnings lacklustre

DUBAI, Oct 27 (Reuters) - Gulf stock markets may have a soft tone on Thursday as global markets sag, and after lacklustre earnings reports by some major United Arab Emirates and Qatari companies. MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.9 percent, while Brent crude oil slumped about 1 percent to around $50 a barrel overnight. National Bank of Abu Dhabi posted a flat third-quarter net profit while First Gulf Bank reported a rise to 1.86 billion dirhams ($507 million) from 1.42 billion dirhams, partly because of gains from real estate sales. ...
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