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Stocks In News

 

SCRAP POLICY

Steel Ministry To Announce Scrap Policy This Year

Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs

Steel Secy Arun Sharma Says Policy Will Be Out By December 2018

Scheme Will Come In Effect From April 2020

Mint Reports

BHARTI AIRTEL

Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit

Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval

Economic Times Reports

ESSAR STEEL

Lenders To Meet Today To Decide On Essar Steel

CoC May Give Time To Arcelor And Numetal To Rectify Bids

Business Standard Reports

ICICI SECURITIES

IPO under SEBI scanner

SEBI has sought details of investment made by ICICI Prudential MF

Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr

A large chunk was bought by ICICI MF

ICICI MF is ICICI Securities largest public shareholder with 3.82% stake

Mint Reports

THOMAS COOK

Board approves proposal for corporate restructuring

Move aimed at simplifying & clarifying structure & holdings

To focus on travel, forex, destination mgmt & portfolio investments

Restructuring will consolidate HR services into Quess Corp

Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co

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News In Brief

 

    Deutsche Boerse to name three new executive board members

    Frankfurt: German stock exchange operator Deutsche Boerse (DB1Gn.DE) said on Tuesday that its supervisory board will likely name three new executive board members at its meeting on Wednesday. 

    The non-executive supervisory board will discuss candidates to replace Andreas Preuss and Jeffrey Tessler, whose executive board contracts are expiring, as well as candidates for a new position that will enlarge the board to six seats from five.

    (Reuters)

    Twitter updates user data policy ahead of new European privacy laws

    Bengaluru: Twitter said on Tuesday it is updating its privacy policy to allow users to view information stored by the microblogging service relating to their account, as it prepares to comply with upcoming European data privacy laws. 

    Tech companies have long been scrutinized for how they protect their customers’ data and Facebook is currently embroiled in a huge scandal where millions of users’ data were improperly accessed by a political consultancy. The European Union’s General Data Protection Regulation comes into effect on May 25 and is the biggest shake-up of privacy rules since the birth of the internet.

    (Reuters)

    Trump says there is a good chance of a trade deal with China

    Washington: U.S. President Donald Trump on Tuesday said there was a good chance that the United States could reach a trade agreement with China and that his treasury secretary would head there for negotiations in a few days. 

    Trump, speaking to reporters at the White House, also said the United States was engaged in serious trade talks with the European Union, and negotiations with Mexico and Canada over North American Free Trade Agreement(NAFTA) were going nicely.

    (Reuters)

    Citi chairman says all options being considered for his replacement

    Chicago/Bengaluru: Citigroup Inc (C.N) Chairman Mike O’Neill said on Tuesday all options were being considered for his replacement, when he will retire in the next 12 months. 

    The options include having Citigroup Chief Executive Officer Mike Corbat taking on the additional role of chairman, O’Neill said at the Wall Street bank’s annual shareholder meeting. O’Neill has said is preparing to retire from Citi’s board because he will turn 72, the company’s retirement age for directors.

    (Reuters)

    Israel says abandons plan to forcibly deport African migrants

    Jerusalem: The Israeli government said on Tuesday it was abandoning a plan to forcibly deport African migrants who had entered the country illegally. 

    The government, which had been working on a plan to deport thousands of mostly Eritrean and Sudanese men to a third country against their will, said in a written response to the Supreme Court that it was no longer pursuing that option. Israel’s immigration authority will continue to find options to deport migrants voluntarily, but their forced removal “is no longer on the agenda,” the government said.

    (Reuters)

    Trump warns Iran against restarting nuclear program

    Washington: U.S. President Donald Trump on Tuesday said Iran would face bigger problems if Tehran restarts its nuclear program and called the nuclear accord with Iran “insane.” 

    “They will have bigger problems than they have ever had before,” Trump said of Iran at the start of a White House meeting with French President Emmanuel Macron, who told reporters he wants to contain Iran in the region.

    (Reuters)

    Deutsche Bank's supervisory board voices support for chairman

    Frankfurt: The supervisory board of Deutsche Bank (DBKGn.DE) has voiced support for its chairman, Paul Achleitner, who has come under fire for his handling of management changes at the bank. 

    “The entire Supervisory Board has never had, and still does not have, any doubts concerning Dr. Achleitner’s comprehensive personal and professional skills and integrity,” the board said in a document posted to Deutsche Bank’s website on Tuesday.

    (Reuters)

    Airbus CEO says post-Brexit production shift open for discussion

    Berlin: Airbus will not move its existing activities out of Britain when the country leaves the European Union but could forgo basing new projects there, its chief executive said on Tuesday.

    “I do not see that we kind of pick up and move somewhere else. But of course for future activities, future production, future development, that is open for discussion,” Tom Enders said in an interview on the sidelines of the Berlin Aviation Summit. Airbus employs 15,000 in Britain where it makes all the wings for its commercial aircraft.

    (Reuters)

     

    Ireland expects hearings on Apple EU tax appeal in autumn

    Dublin: An appeal by Apple and Ireland against a European Union ruling for the U.S. firm to pay 13 billion euros (11.37 billion pounds) in disputed taxes is likely to be heard in the autumn, Irish Finance Minister Paschal Donohoe said on Tuesday.

    The European Commission ruled in August 2016 that Apple had received unfair tax incentives. Both Apple and Dublin are appealing the original ruling, saying the iPhone maker’s tax treatment was in line with Irish and European Union law.

    (Reuters)

    Wall Street opens higher on strong earnings, tech gains

    Bengaluru: U.S. stock indexes opened higher on Tuesday, helped by strong results from Verizon and Caterpillar as well as gains in technology stocks. 

    The Dow Jones Industrial Average .DJI rose 131.25 points, or 0.54 percent, at the open to 24,579.94. The S&P 500 .SPX opened higher by 10.51 points, or 0.39 percent, at 2,680.80. The Nasdaq Composite .IXIC gained 32.17 points, or 0.45 percent, to 7,160.77 at the opening bell.

    (Reuters)

    Canada's Trudeau says security unchanged after Toronto van attack

    Ottawa: Canadian Prime Minister Justin Trudeau said on Tuesday the deadly van attack in Toronto on Monday had not changed the country’s threat level or security preparations for a G7 summit in Quebec in June, adding that Canadians must not live in fear.

    Speaking to reporters outside of parliament, Trudeau said it would take time before the motives of the attacker were understood, but that all Canadians stood with Toronto in the wake of the attack, which killed 10 and injured 15 others.

    (Reuters)

    WDM witnesses trade worth Rs 1,757.05 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 1,757.05 crore in 34 trades.

    Top securities (nn-repo) traded at the WDM: The 8.12 per cent Government security maturing in CG2020 traded value of Rs 500.00 crore at weighted yield of 7.47 per cent, the 8.79 per cent Government security maturing in CG2021 traded value of Rs 200.00 crore at weighted yield of 7.66 per cent and the 364-days Treasury bills (issue No:210618), traded at Rs 280.00 crore at weighted yield of 6.06 per cent and, an NSE release said.

    (PTI)

    IDFC Bank fourth-quarter profit falls 76 percent as bad loan provisions surge

    Bengaluru: India’s private sector lender IDFC Bank Ltd on Tuesday reported a 76 percent plunge in its quarterly profit, hurt by a jump in provisions to cover bad loans. 

    Net profit came in at 419.3 million rupees ($6.3 million), for the quarter ended March 31, compared with 1.76 billion rupees a year ago, IDFC Bank reported. Gross bad loans as a percentage of total loans stood at 3.31 percent at end-March, compared with 5.62 percent in the preceding quarter and 2.99 percent a year ago. Provisions and contingencies surged to 2.42 billion rupees in the quarter, from 48 million rupees in the year-earlier quarter.

    (Reuters)

     

    US dollar ends cheaper against rupee

    Mumbai: The US dollar ended cheaper against the rupee at Rs.66.38/39 per dollar and the pound sterling also finished lower at Rs.92.60/62 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

    Following are the Interbank forex and RBI rates : (In Rs per unit) Unit Interbank RBI Reference US Dollar 66.38/39 US Dollar Rs.66.3622 Pound Sterling 92.60/62 EURO Rs.81.0548 Euro 81.07/09 Japanese yen(100) 61.01/03.

    (PTI) 

    Bharti Airtel fourth-quarter profit slumps 78 percent

    Bengaluru: Bharti Airtel Ltd posted a 77.8 percent fall in fourth-quarter profit on Tuesday, as pricing pressure in the telecoms sector after the entry of an upstart rival continued to hurt India’s top mobile carrier. 

    Profit came in at 829 million rupees ($12.49 million) in the quarter ended March 31, lower than 3.73 billion rupees a year earlier, the company said. Revenue fell 10.5 percent to 196.34 billion rupees, hit by the telecom regulator’s decision to cut international termination charges.

    (Reuters)

    China's forex regulator widens quotas of two outbound investment schemes

    Beijing: China’s forex regulator said on Tuesday it widened the quotas of two outbound investment schemes in Shanghai and Shenzhen as part of the government’s efforts to liberalize financial markets. 

    The State Administration of Foreign Exchange (SAFE) said it would increase the quotas of the two schemes —Qualified Domestic Limited Partner (QDLP) and Qualified Domestic Investment Enterprise (QDIE) — to $5 billion each. China’s financial hubs Shanghai and Shenzhen are now conducting trials on the two schemes. "The SAFE is steadily pushing ahead with its QDLP and QDIE trials and has recently increased the pilot quotas for Shanghai and Shenzhen to $5 billion each," the regulator said on its website www.safe.gov.cn.

    (Reuters)

    United Tech expects to meet rising Airbus production schedule

    New York: United Technologies Corp (UTX.N) expects to meet its full-year target for engine deliveries to Airbus SE (AIR.PA) and is optimistic that suppliers can keep up with rising production, the company’s chief financial officer said Tuesday. 

    The company’s Pratt & Whitney unit halted deliveries of its Geared Turbofan engine for the Airbus A320neo for almost a month this year, but the issues are coming under control and “we feel very good about the supply chain and our ability to support Airbus requirements,” CFO Akhil Johri said in an interview on Tuesday.

     (Reuters) 

    UN, EU call for return to Syria peace talks

    Brussels: The United Nations special envoy for Syria, Staffan de Mistura, stressed on Tuesday the latest territorial gains in the war by Damascus and its allies do not bring peace any closer in the country.

    De Mistura spoke at an international donor conference on Syria hosted by the European Union in Brussels. “We’re seeing in last few weeks, days... that military gains, territorial gains and military escalation does not bring a political solution, has not brought any change. On the contrary,” he told a joint news conference with the EU’s top diplomat, Federica Mogherini.

    (Reuters)

    Investor asks Ahold Delhaize for shareholder vote on poison pill

    Amsterdam: Activist investor CIAM said on Tuesday it has asked the management boards of Dutch-Belgian supermarket operator Ahold Delhaize (AD.AS) to convene an extraordinary meeting of shareholders to vote on the company’s takeover defence mechanism. 

    At its shareholders’ meeting on April 11, Ahold’s boards argued that the defence, which had been approved by shareholders for a 15-year period ending in 2018, can now be extended unilaterally and indefinitely.A group of institutional shareholders led by CIAM disagree and may mount a legal challenge.

     (Reuters) 

    Caterpillar beats estimates and raises 2018 profit outlook

    Chicago: Caterpillar Inc on Tuesday upgraded the outlook for 2018 profits after the world’s largest heavy-duty equipment maker beat estimates for first-quarter earnings on strong global demand for its equipment.

    The Deerfield-‎Illinois based company now expects the full-year profit to range between $9.75 to $10.75 per share compared with $7.75 to $8.75 per share it projected earlier. For the first quarter, the company reported a net profit of $2.74 per share, above analysts’ consensus forecast of $2.04 per share.

    (Reuters)

    Lockheed Martin revenue up 3.8 percent on higher F-35 jet sales

    Lockheed Martin Corp (LMT.N), the Pentagon’s No.1 weapons supplier, reported a 3.8 percent rise in quarterly revenue, as it sold more F-35 fighter jets.

    The company’s net income rose to $1.16 billion (831 million pounds), or $4.02 per share, in the first quarter ended March 25 from $789 million, or $2.69 per share, a year earlier. Net sales rose to $11.64 billion from $11.21 billion.

    (Reuters)

    Gorilla Glass maker Corning reports quarterly loss

    Corning Inc on Tuesday reported a quarterly loss compared with a year-ago profit, hit by higher investments and soft demand for LCD glasses used in television and desktops.

    The company’s net loss was $589 million (422 million), or 72 cents per share in the first quarter, compared with a profit of $86 million, or 7 cents per share, a year earlier.  Net sales rose to $2.50 billion from $2.38 billion.

    (Reuters)

    Verizon's quarterly profit rises 32 percent

    Bengaluru: Verizon Communications Inc (VZ.N), the No. 1 U.S. wireless carrier, reported a 32 percent rise in quarterly profit on Tuesday, helped by gains from U.S. tax reforms. 

    Net income attributable to Verizon rose to $4.55 billion, or $1.11 per share, in the first quarter ended March 31 from $3.45 billion, or 85 cents per share, a year earlier. Verizon said it lost 24,000 phone subscribers who pay a monthly bill on a net basis.

    (Reuters)

    Ex-Innogy boss Terium gets $14.7 million send-off

    Essen, Germany: Former Innogy (IGY.DE) boss Peter Terium received about 12 million euros (10.5 million pounds) when terminating his contract early following a profit warning in December, the company said on Tuesday.

    Terium, who served as the boss of parent RWE (RWEG.DE) before taking the same job at Innogy, had a contract running until March 31, 2021 but resigned effective Dec. 31, 2017. His total compensation would have been 17.3 million euros.

     (Reuters) 

    Canada's Mitel to be bought by investor group in $2 billion deal

    Canada’s Mitel Networks Corp (MITL.O) (MNW.TO) said on Tuesday it would be bought by an investor group led by Searchlight Capital Partners in a deal valued at about $2 billion, including debt. 

    Mitel shareholders will receive $11.15 per share in cash, representing a premium of nearly 10 percent to the stock’s Monday close.

    (Reuters)

    Coca-Cola revenue beats estimates

    Bengaluru: Coca-Cola Co (KO.N) reported quarterly revenue that beat Wall Street estimates on Tuesday on higher demand for Coke Zero Sugar and new flavors of Diet Coke. 

    The Fanta and Sprite maker’s net profit rose to $1.37 billion, or 32 cents per share, in the first quarter ended March 30 from $1.18 billion, or 27 cents per share, a year earlier. Revenue fell 16 percent to $7.63 billion, due to the divestment of its bottling operations, but beat analysts’ estimate of $7.34 billion.

    (Reuters)

    Slovak deputy minister Sakova nominated for interior minister

    Bratislava: Slovak Prime Minister Peter Pellegrini has nominated current deputy minister Denisa Sakova to be the new interior minister, a presidential spokesman said on Tuesday. 

    The post has been closely scrutinised by the Slovak public following the murder of an investigative journalist in February, which led to the resignation of the entire cabinet. Sakova is a long-term collaborator of previous minister Robert Kalinak. He was replaced by independent Tomas Drucker in the cabinet reshuffle, but Drucker quit last week.

    (Reuters)

    Third phase of electoral bonds sale to start on May 1 for 10 days: FinMin

    New Delhi: The third phase of electoral bonds sale will start on May 1 for 10 days, said Finance Ministry in a statement.

    (PTI)

    Kremlin cautious about possible easing of US curbs on Rusal

    Moscow: Moscow is “cautious” about the possibility of Washington easing its sanctions on Russia’s biggest aluminum producer Rusal, Kremlin spokesman Dmitry Peskov said on Tuesday. 

     The United States on Monday gave Rusal’s American customers more time to comply with sanctions. “In this case I would be rather cautious, as these statements are so hypothetical. It is clear that the decisions that have been taken are a painful blow to aluminum buyers on many continents, and naturally buyers are asking themselves why they have to bear the burden,” Peskov said.

    (Reuters) 

    Volkswagen CEO says China tax hike on US vehicle imports would sting

    Beijing: Volkswagen AG’s chief executive Herbert Diess said on Tuesday that a Chinese tariff hike on U.S vehicle imports would be tough for the firm, amid a brewing trade war and threats of punitive tariffs exchanged between Washington and Beijing. 

    Diess, speaking ahead of the Beijing autoshow, said that the German car maker also had no plans to alter its current joint venture partnerships in China, the world’s largest auto market, after the country said it would loosen ownership rules.

    (Reuters)

    Future Enterprises raises Rs 500 crore via NCDs

    New Delhi: Homegrown retail major Future Enterprises today said it has raised Rs 500 crore by allotting non-convertible debentures (NCDs) on a private placement basis.

    "The committee of directors of the company...considered, approved and allotted...secured, rated, redeemable non-convertible debentures of Rs 10 lakh each aggregating to Rs 500 crore on private placement basis," the company said in a BSE filing. Shares of Future Enterprises were trading 1.46 per cent up at Rs 38.30 per scrip on BSE.

    (PTI) 

    UK debt agency revises up 2018/19 debt issuance plans

    London: The UK Debt Management Office said it would raise its government bond issuance plans for the coming financial year by 3.1 billion pounds to 106.0 billion pounds, after the publication on Tuesday of full-year borrowing data for 2017/18. 

    The DMO said the changes reflected the latest figures for the central government net cash requirement - which showed a 41 percent fall on the year but a 9 percent rise for March alone - as well as the 2018/19 funding plans for NS&I, the government agency that takes savings from the public.

    (Reuters)

    Iran might withdraw from NPT if nuclear deal is scrapped: Senior official

    London: Iran might withdraw from the NPT (nuclear Non-Proliferation Treaty) if U.S. President Donald Trump scraps the nuclear deal Tehran signed with world powers in 2015, the secretary of Iran’s Supreme National Security Council, Ali Shamkhani, said on Tuesday. 

    In a news conference broadcast live on state television, Shamkhani told reporters in Tehran before departing for Russia that the Atomic Energy Organization of Iran was ready for some “surprising actions” if the nuclear deal was scrapped. Answering a question about the possibility of Tehran withdrawing from the NPT, Shamkhani said: “This is one of three options that we are considering.”

    (Reuters)

    Ryanair agrees to buy 25 more Boeing 737 MAX planes

    Dublin: Ryanair (RYA.I) has agreed to buy an additional 25 Boeing (BA.N) 737 MAX planes, worth $3 billion at list prices, lifting its order of the U.S. planemaker’s flagship short-haul plane model to 135, the two companies said on Tuesday. 

    The Irish low-cost carrier purchased 100 737 MAX planes in 2014 and took out options on 100 more. It said it has 75 options remaining.

    (Reuters)

    RBI sets rupee reference rate at 66.3622 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 66.3622 against the US dollar and 81.0548 for the euro. The corresponding rates were 66.2177 and 81.2690, as on yesterday.

    The according to an RBI statement, the exchange rates for the pound and the yen against the rupee were 92.5089 and 60.98 per 100 yens, respectively, based on reference rates for
    the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.

    (PTI)

    Germany far from recession, says Ifo economist after index drop

    Berlin: The fifth consecutive deterioration in Germany’s Ifo business morale survey does not represent a trend reversal in Europe’s biggest economy, the institute’s economist Klaus Wohlrabe said on Tuesday, adding recession was a long way off.

    “The fifth drop in a row is a sign of normalization, we are far from a recession,” Wohlrabe told Reuters. Wohlrabe also said, however, that the economy was nearing its capacity limits. “That is acting as a brake,” he said, adding a cooling off of the global economy was also a factor. He expected economic growth of 0.4 percent in the first quarter after 0.6 percent in the fourth quarter.

    (Reuters)

    Singapore PM reshuffles cabinet with succession question looming

    Singapore: Singapore Prime Minister Lee Hsien Loong announced a cabinet reshuffle on Tuesday and named Chan Chun Sing, tipped as one of his potential successors, as trade minister.

    Chan is one of three potential successors picked by Singapore’s media and political analysts, alongside Finance Minister Heng Swee Keat and Education Minister Ong Ye Kung, who both kept their portfolios and received additional responsibilities.

    (Reuters)

    Ukraine energy ministry website hit by ransomware: Spokeswoman

    Kiev: The website of Ukraine’s energy and coal ministry website has been hit by a cyber attack, though the websites of state-run energy companies have not been affected, the ministry’s spokeswoman said by phone.

    As of 0734 GMT, a message posted in English on the website was demanding a ransom paid in Bitcoin to recover encrypted files. “Our specialists are working right now ... We do not know how long it will take to resolve the issue,” the spokeswoman said. “Ukrenergo, Energoatom - everything is okay with their sites, it’s only our site that does not work.”

    (Reuters)

     

    Modi launches Rashtriya Gram Swaraj Abhiyan in Madhya Pradesh

    Mandla: PM Narendra Modi on Tuesday launched Rashtriya Gram Swaraj Abhiyan at Ramnagar in Mandla district of Madhya Pradesh.

    (PTI)

    Iran warns Trump to remain in the nuclear deal or 'face severe consequences': state TV

    London: Iranian President Hassan Rouhani warned U.S. President Donald Trump on Tuesday to remain in the nuclear deal Tehran signed with world powers in 2015, or face “severe consequences”.

    “I am telling those in the White House that if they do not live up to their commitments, the Iranian government will react firmly,” Rouhani said in a speech broadcast live on state television. “If anyone betrays the deal, they should know that they would face severe consequences,” he added.

    (Reuters)

    Indonesia jails former speaker of parliament for 15 years over graft

    Jakarta: An Indonesian court on Tuesday sentenced the former speaker of parliament, Setya Novanto, to 15 years in jail for his role in causing state losses of around $170 million, linked to a national electronic identity card scheme.

    Yanto, the head of a panel of five judges, also said Novanto would be fined 500 million rupiah ($36,000)and barred from public office for five years after serving his sentence. Novanto said he would consider whether to launch an appeal.

    (Reuters)

    Quake in southeast Turkey injures 13: state news agency

    Istanbul: An earthquake struck Turkey’s southeastern province of Adiyaman early on Tuesday, injuring 13 people and causing damage to buildings, state-run Anadolu news agency said. The United States Geological Survey (USGS) said the earthquake, which struck at 0034 GMT, had a magnitude of 5.2 and occurred at a depth of 10 kilometers (6.21 miles). 

    Anadolu said the 13 injured were transferred to hospitals but were not in serious condition. Images posted on social media showed serious damage to numerous houses. The quake was followed by eight small aftershocks, Anadolu said. 

    (Reuters)

    CityFibre agrees $750 million takeover by new consortium

    London: British fibre broadband company CityFibre (CITYC.L) said on Tuesday it had agreed to be acquired for 538 million pounds in cash by a consortium formed by Antin and West Street Infrastructure Partners. 

    The consortium will pay 81 pence for each CityFibre share, a 93 percent premium to the closing price of 42 pence a share on Monday, CityFibre said.

    (Reuters) 

    St. James's Place first quarter assets down 0.9 percent, hit by weaker markets

    London: British wealth manager St. James’s Place (SJP.L) said total assets fell 0.9 percent in the first quarter, hit by the impact of weaker markets, although it continued to take in net flows of new client money. 

    Group funds under management at the end of March were 89.9 billion pounds, it said in a statement on Tuesday, down from 90.8 billion at the end of the prior quarter. Net inflows during the period were 2.6 billion pounds, it added.

    (Reuters) 

    Poland's BZ WBK first quarter net profit falls 3 percent year-on-year

    Warsaw: Poland’s Bank Zachodni WBK (BZW.WA) reported on Tuesday a 3 percent fall in first quarter net profit, as higher payment for a bank resolution fund weighed on performance. 

    Poland’s third largest bank by assets and a unit of Spain’s Banco Santander (SAN.MC) said its net profit fell to 439 million zloty (91.54 million pounds), broadly in line with analysts’ expectations of 432 million zloty.

     (Reuters)

    Swedbank first-quarter net profit beats forecast

    Stockholm: Swedish banking group Swedbank (SWEDa.ST) reported first-quarter net earnings above market expectations on Tuesday and said it saw signs that the Swedish housing market is stabilising.

    Net profit fell to 5.03 billion Swedish crowns (423.9 million pounds), above a mean forecast for 4.68 billion in a Reuters poll of analysts and compared with 5.12 billion in the year-ago period.

    (Reuters) 

    Dutch employment agency Randstad's first quarter earnings rise on strong Europe growth

    Amsterdam: Randstad (RAND.AS), the world’s second-largest staffing company, said on Tuesday its core earnings rose 4 percent in the first quarter of 2018, lifted by strong growth across Europe. 

    Earnings before interest, taxation and amortisation (EBITA) rose to 217 million euros (190.2 million pounds) from a year earlier.

    (Reuters) 

    Suspects in Toronto van attack identified: CBC TV

    Toronto: The suspect in the Toronto van attack that killed nine people and injured 16 others is a 25-year-old man named Alek Minassian, the Canadian Broadcasting Corporation said on Monday. 

    CBC TV did not cite sources. A driver in a white van ploughed into a crowd in north Toronto, according to police and hospital officials. The driver was in custody, police said.

    (Reuters) 

    Japan finance minister Aso says he's not considering resigning

    Tokyo: Japanese Finance Minister Taro Aso said on Tuesday he was not considering resigning over recent scandals involving his ministry, including alleged sexual harassment by a top official and document alterations related to a controversial sale of public land.

    Aso was speaking to reporters after a regular cabinet meeting.

     (Reuters) 

     

     

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