Thursday, August 27, 2015

Reuters Before the Bell: August 27, 2015

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Thursday, August 27, 2015
Tiffany forecasts surprise decline in full-year profit
(Reuters) - Luxury jeweler Tiffany & Co forecast a surprise decline in full-year profit and reported an unexpected fall in second-quarter sales as a strong dollar discouraged tourist spending in the United States and reduced the value of overseas sales.
Stocks fly after Fed official cools September rate hike talk
LONDON (Reuters) - Stocks surged on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Federal Reserve policymaker said the case for an interest rate increase next month "seems less compelling" than it was a few weeks ago.
The euro is irreversible despite its faults: ECB's Coeure
FRANKFURT (Reuters) - The euro is an irreversible project even though the people of Europe lack confidence in the currency union's ability to deliver all promised benefits, European Central Bank executive board member Benoit Coeure said on Thursday.
Stock futures rise as Sept rate hike seems less likely
(Reuters) - U.S. stock index futures rose sharply on Thursday, a day after Wall Street posted its biggest one-day gain in four years.
Exporters run for high ground as China growth story unravels
FRANKFURT (Reuters) - The alarming scale of China's economic slowdown is pushing European exporters to accelerate a move into premium goods and services, sacrificing volumes if necessary to sustain margins.
Ukraine won't give Russia better debt deal than other creditors: PM
KIEV (Reuters) - Ukraine will not offer a better debt deal to Russia than to other creditors, Ukrainian Prime Minister Arseny Yatseniuk said on Thursday, after the country reached a restructuring agreement on $18 billion of its debt.
Ukraine has not approached Russia over debt restructuring: Russian finance ministry
MOSCOW (Reuters) - Ukraine has not officially approached Russia regarding its debt restructuring, the Russian finance ministry's spokeswoman told Reuters on Thursday.
ESM's Regling says threat of Grexit is still there
BERLIN (Reuters) - A Greek exit from the euro zone was a possibility and remains a threat if Athens does not fulfill the conditions of its third bailout agreement, the head of the European Stability Mechanism said on Thursday.
Syngenta shares rebound as management seen under pressure to act
FRANKFURT (Reuters) - Shares in pesticides maker Syngenta bounced back on Thursday from their worst ever slump in the previous session as the market speculated on management being pressured into quickly boosting the shares after suitor Monsanto walked away.
Goldman Sachs to hire several hundred people in Warsaw
WARSAW (Reuters) - Goldman Sachs will hire "several hundred" employees for its Warsaw-based technology and operations units over the next three years, the U.S. bank said on Thursday.
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