Markets

  • Asian ADRs Slip Lower in Trading

    American depositary receipts of Asian stocks were trading 2.51% lower at 1,427.65 on the BNY Mellon Asia 50 ADR Index on Tuesday. In North Asia, the gainers were led by electricity provider Korea Electric Power (KEP) and educational services provider Puxin (NEW), which rose 4.3% and 3.9% respectively. They were followed by financial services firm Nomura (NMR) and social media […]

  • LyondellBasell Industries Hikes Dividend 5%; Board OKs Shares Buybacks; CFO Aebischer to retire

    LyondellBasell Industries (LYB), a plastics, chemicals and refining company, said early Friday its board has approved a quarterly dividend of $1.05 per share, 5% higher than the $1.00 dividend declared in Q1. The new dividend is payable June 17 to shareholders on record as of June 10. The company’s board also cleared the repurchase of up to 10% of LyondellBasell’s […]

  • Merck’s Keytruda Trial Demonstrates Survival Benefit for Patients With Head, Neck Squamous Cell Carcinoma

    Merck & Co. (MRK) said pre-market Friday new findings from the phase 3 Keynote-048 trial demonstrate superior overall survival outcomes from its drug Keytruda in combination with chemotherapy for patients with recurrent or metastatic head and neck squamous cell carcinoma. According to the drug maker, a final analysis showed Keytruda along with chemotherapy reduced the risk of death by 40% […]

  • Balfour Beatty – Fluor JV Conditionally Bags $1.7 Billion Texas Highway Contract

    Balfour Beatty (BBY.L), a British infrastructure group, said early Friday that it has been conditionally awarded a $1.7 billion interstate highway contract from the Department of Transportation in Texas as part of a joint venture with Fluor (FLR). The company said in a statement that it has a 45% share in the joint venture, while Fluor, an engineering and construction […]