Aug 21 (Reuters) - Ross Stores' shares surged nearly 9% in premarket trading on Friday, after the value retailer raised annual guidance and projected quarterly sales growth above analyst expectations, signalling bargain-hunting demand despite a shaky economic backdrop.
Shares were last up 8.6% at $248.77 after falling over 3% in the last two sessions.
Here are some details:
• The company raised its annual earnings per... (continue reading...)
Aug 21 (Reuters) - Global equity funds drew their largest weekly inflows in three weeks through August 19 as investors bet on a strong earnings season, though rising bond yields and oil prices began to weigh on markets.
The fund-flow data preceded a broad late-week selloff. Global stocks were on track for their steepest weekly decline since mid-July on Friday as higher government bond yields, elevated oil prices and renewed inflation concerns... (continue reading...)
By Max Hunder
KYIV, Aug 21 (Reuters) - Ousted Ukrainian defence minister Mykhailo Fedorov will go to the United States to raise money for new defence technology projects as he seeks new ventures after losing his post, a source close to the former minister told Reuters.
Fedorov's dismissal from the defence ministry in July led to weeks of protests in Kyiv and other Ukrainian cities calling for his reinstatement although they have now... (continue reading...)
JAKARTA, Aug 21 (Reuters) - Indonesia has arrested 10 Myanmar nationals in a drug bust involving 2.6 metric tons of liquid methamphetamine found on a ship sailing with a Tanzanian flag, authorities said at a press conference on Friday.
Below are the details:
• The drugs were found in a water tank and eight 200-litre drums hidden on top of a container on the ship, Indonesia's National Narcotics Agency chief Suyudi Ario Seto said.
... (continue reading...)By Tim Hepher
PARIS, Aug 21 (Reuters) - Airbus has watered down a drive to reduce remote working after protests from unions including a series of strikes in its Spanish facilities, people familiar with the matter said.
Many Spanish workers have been staging on-off strikes since July, and there have been sporadic protests in France and Britain over plans by Airbus to force white-collar staff to work on-site four days a week by September,... (continue reading...)
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