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Morgan Stanley ups European earnings forecasts, says financials in 'sweet spot'
LONDON A stronger-than-anticipated economic recovery, the return of inflation and the region's financial sector in a "sweet spot" has spurred Morgan Stanley to lift its earnings forecasts and targets for European benchmark indexes.The U.S. bank now sees earnings per share growth for 2017 coming in at 16 percent for the
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High-profile Snap stakeholders revealed in filings | Reuters
NEW YORK/BOSTON Some of the biggest U.S. mutual and hedge funds, including Daniel Loeb's Third Point and Daniel Och's Och-Ziff Capital Management (OZM.N), owned stakes in Snap Inc (SNAP.N), parent of the wildly popular Snapchat messaging app, at the end
Asia stocks gains with dollar, sterling hit by Brexit woes
SYDNEY Asian shares inched ahead on Wednesday while the dollar and commodities rallied as investors shook off disappointment about U.S. President Donald Trump's failed healthcare bill and focused on an improving outlook for global growth.The cheerful mood did not extend
ADNOC Drilling Wins Fifth Major Deal in Oilfield Push
ADNOC Drilling has clinched a five-year oilfield services contract from ADNOC Onshore, valued at up to $800 million, with operations scheduled to commence in the third quarter of 2025. Although the contract's full value hinges on the volume of services
