Thursday, April 26, 2018

REFILE-Russia's X5 reports profit drop as costs jump

MOSCOW, April 26 (Reuters) - X5 Retail Group reported a 33-percent drop in first-quarter earnings on Thursday as Russia's biggest food retailer suffered higher costs from expanding its cut-price supermarket chain.

UPDATE 1-EU moves to regulate tech giants' business practices

BRUSSELS, April 26 (Reuters) - Tech giants including Google , Apple and Amazon will for the first time face rules governing their commercial relations with smaller businesses under a law proposed by the European Union on Thursday.

UPDATE 3-Deutsche Bank scales back investment bank as profit drops

* Bond trading rev drop 16 pct, equities 21 pct, advisory 27 pct

Thailand's PTTEP Q1 profits rise, prepares for gas auctions

BANGKOK, April 26 (Reuters) - Thailand's PTT Exploration and Production Pcl said on Thursday first-quarter net profit rose 21 percent as revenue increased on higher energy prices and that it was seeking growth through the acquisition of new assets.

UPDATE 2-Barclays confident can restore capital levels depleted by U.S. fine

* CEO Staley "very comfortable" with outcome of investigation (Recasts, adds share price reaction, analyst comment)

GLOBAL MARKETS-World stocks edgy as rising bond yields raise fears for growth and profits

* World stocks flat; growth fears, bonds overshadow Q1 results

EU piles pressure on social media over fake news

BRUSSELS, April 26 (Reuters) - Tech giants such as Facebook and Google will have to decisively step up their efforts to tackle the spread of fake news online in six months or potentially face further regulation from the European Union.

EMERGING MARKETS-Emerging markets arrest losses, hover near 10-week lows

LONDON, April 26 (Reuters) - Emerging equities found a foothold on Thursday, taking their cue from developed markets, but remained near 10-week lows as higher U.S. Treasury yields and a strong dollar curbed investor appetite for riskier assets.

Premarket: 6 things to know before the bell

Here's what you need to know about the markets before you start your business day.

Deutsche Bank to slash jobs in retreat from Wall Street

Deutsche Bank is retreating from Wall Street and making "painful" jobs cuts in its investment bank after reporting a slump in profits.

Deutsche Bank's retreat; ECB meeting; Facebook soars

1. Deutsche Bank overhaul: Germany's biggest lender is retreating from Wall Street.

Deutsche Bank to slash jobs in retreat from Wall Street

Deutsche Bank is retreating from Wall Street and making "painful" jobs cuts in its investment bank after reporting a slump in profits.

Lens: Sim Chi Yin, a Patient Photographer, Wins Chris Hondros Award

From “Dying to Breathe,” 2011-14. Mi Shixiu cradles He Quangui’s head as he struggles to breathe.

In Berlin, a Show of Solidarity Does Little to Dampen Jewish Fears

Hundreds of Jews and non-Jews wore skullcaps during a demonstration against anti-Semitism in Berlin on Wednesday.