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RBC downgrades Swatch to 'underperform,' cites structural and cyclical challenges

-- RBC Capital Markets in a note dated Thursday has downgraded Swatch Group (SIX:UHR) to an “underperform” rating, citing structural and cyclical challenges that...

Boaz Weinstein's Saba offers cash exit to UK investment trust shareholders

(Reuters) - U.S. hedge fund Saba Capital Management said on Thursday it would offer shareholders of UK's Herald Investment Trust a full cash exit at 99% of their net asset value,...

BP projects 44% jump in oil output from India's largest field, ONGC says

By Sethuraman N R (Reuters) - Global energy major BP (NYSE:BP) has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its west coast, under...

Japan stocks lower at close of trade; Nikkei 225 down 0.87%

– Japan stocks were lower after the close on Thursday, as losses in the Insurance, Financial Services and Mining sectors led shares lower. At the close in Tokyo, the...

Japan's Seven & i Holdings reports 24% y/y drop in third-quarter profit

TOKYO (Reuters) - Japan's Seven & i Holdings, operator of the 7-Eleven convenience store chain, reported on Thursday a drop of 24% in quarterly operating profit, missing analysts'...

Uniqlo operator Fast Retailing says Q1 profit rose 7.4%

TOKYO (Reuters) - The Japanese operator of the global Uniqlo clothing chain said on Thursday that first-quarter operating profit rose 7.4%, a solid start to its plan to achieve...

Trump's tariff threat spurs auto suppliers to rethink production plans

By Abhirup Roy LAS VEGAS (Reuters) - Global auto suppliers are working out how much of their production can be moved to the United States, or closer to it, as a defense against...

Broker McGill offers property war reinsurance for Ukraine

LONDON (Reuters) - Broker McGill and Partners has launched a commercial property war risk reinsurance programme for Ukraine, which it said on Thursday was the first of its kind...

South Korea's Yoon to accept court decision even if it ends presidency, lawyer says

By Ju-min Park SEOUL (Reuters) - South Korean President Yoon Suk Yeol will accept the decision of the Constitutional Court that is trying parliament's impeachment case against...

Taiwan stocks lower at close of trade; Taiwan Weighted down 1.03%

– Taiwan stocks were lower after the close on Thursday, as losses in the , Plastic and Oil, Gas & Electricity sectors led shares lower. At the close in Taiwan, the...

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