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Japan shares lower at close of trade; Nikkei 225 down 2.03% By Investing.com

Investing.com – Japan equities were lower at the close on Wednesday, as losses in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares lower. At the close in Tokyo, the Nikkei 225 lost 2.03%. The biggest gainers of the session on the Nikkei 225 were Daiichi Sankyo Co., Ltd. (T:4568), which rose 1.13% or 33.0 points to trade at 2954.5 at the close. Softbank Group Corp. (T:9984) added 1.03% or 101.0 points to end at 9922.0 and Osaka Gas Co., Ltd. (T:9532) was up 0.40% or 8.0 points...

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European Stocks Higher as Positive Earnings Offset Indian Covid Concerns By Investing.com

By Peter Nurse  Investing.com - European stock markets traded higher Wednesday, rebounding from their worst daily loss so far this year, boosted by strong corporate earnings which have calmed concerns about the march of Covid-19 in India.  At 3:50 AM ET (0850 GMT), the DAX in Germany traded 0.5% higher, the CAC 40 in France rose 0.6%, the U.K.’s FTSE 100 gained 0.5%, and the pan-European Stoxx 600 climbed 0.6%, after dropping nearly 2% on Tuesday. Tech stocks were the top gainers, with semiconductor equipment maker ASML (AS:ASML) stock climbing 4.8% after it raised its full-year...

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Hikma shares higher as company resumes launch of generic Advair Diskus By Investing.com

By Samuel Indyk Investing.com – Hikma Pharmaceuticals (LON:HIK) shares have jumped towards the top of the FTSE 100 on Wednesday after the company announced it has resumed the launch of its generic version of GlaxoSmithKline’s Advair Diskus. The news follows US Food and Drug Administration (FDA) approval of an amendment Hikma submitted to its Abbreviated New Drug Application in January 2021. Advair Diskus is a prescription medicine used to treat asthma in patients four years and older. “We appreciate the FDA's timely review and approval of our amendment and are now immediately resuming the...

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Malaysia Kicks Off Its First-Ever Sustainability Sukuk Deal By Bloomberg

(Bloomberg) -- Malaysia started marketing its first-ever sustainability Sukuk, adding to a growing number of countries turning to debt financing for environmental projects. The Southeast Asian nation is marketing dollar-denominated Islamic finance securities in 10-year and 30-year parts, and the shorter tenor is a sustainability offering, a person familiar with the matter said. The deal may price as soon as today, according to the person, who asked not to be identified as the details are private. Click here for more details on the initial price guidance Sustainable debt issuance rose 29% last year to a...

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Credit Agricole wins majority support for takeover of Italy’s Creval By Reuters

MILAN (Reuters) - The Italian arm of France's Credit Agricole (PA:CAGR) has won majority support for a takeover of Italy's Creval after agreeing to pay the maximum price it had proposed and winning over holdout investors. It said late on Tuesday it would pay 12.50 euros per share in the Italian regional lender regardless of whether acceptance topped 90% of Creval's capital - dropping a condition which had made unclear how much shareholders stood to receive. After sweetening its bid, Credit Agricole was offering 12.20 euros per Creval share, unless it surpassed the 90%...

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Kering’s shares climb after luxury goods group posts higher Q1 sales By Reuters

PARIS (Reuters) - Shares in French luxury goods group Kering (PA:PRTP), whose brands include Gucci, rose on Wednesday after Gucci's revenues rebounded strongly in the first quarter. Kering shares were up 1.1% in early session trading, among the top performers on France's benchmark CAC-40 index. Kering's overall first quarter revenues reached 3.89 billion euros ($4.7 billion), up 25.8% when stripping out exchange rate swings and acquisitions, while Gucci's sales beat the consensus of analysts' forecasts. "If Gucci can reap the benefits of recent product and marketing initiatives (particularly with locals and online) we think...

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FTSE 100 rises on boost from BP, Shell; Just Eat Takeaway slumps By Reuters

(Reuters) - London's FTSE 100 rebounded from a 2% fall in the previous session to edge higher on Wednesday as commodity stocks gained, while Just Eat (LON:JE) Takeaway.com slipped to the bottom of index following Uber (NYSE:UBER) Eats' plan to foray into the German market. The blue-chip index rose 0.4%, with oil majors BP (LON:BP) Plc and Royal Dutch Shell (LON:RDSa) adding 2.2% and 2.0%, respectively, as Azerbaijan's energy ministry said BP's oil output was 5.9 million tonnes in the first quarter. The domestically focussed mid-cap FTSE 250 index added 0.1%....

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Players, fans hail ‘beautiful day for football’ as Super League unravels By Reuters

By Ian Ransom (Reuters) - Players, pundits and fans cheered a "beautiful day for football" after the breakaway European Super League unravelled with the withdrawal of the six English clubs who had signed up to the controversial competition. Following a storm of protests and threats of sanctions from the game's European and world governing bodies, the Super League said it would "reconsider" its next steps after it was reduced to three teams each from Spain and Italy on Tuesday. Amid reports that Italian sides Inter Milan and AC Milan had also withdrawn, former Liverpool defender Jamie...

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Worldline reports Q1 sales decline on health restrictions By Reuters

(Reuters) - French payment services provider Worldline on Wednesday reported a 9% drop in first quarter sales from a year ago, citing health restrictions in the company's key markets. The group, which processes transactions for clients ranging from merchants to government agencies, confirmed its forecast of at least mid-single digit revenue organic growth in 2021. ...

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Asian stocks fall as virus worries return to haunt markets By Reuters

By Stanley White TOKYO (Reuters) - Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Australian stocks dropped 1.25% and shares in China were down 0.46%. Stocks in Tokyo slumped by 1.79% due the growing likelihood that Tokyo, Osaka and surrounding areas will be put on lockdown due to a new wave of coronavirus infections. S&P 500 e-mini stock futures also...

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