FOREX-Dollar firm on Fed expectations ahead of U.S. GDP report TOKYO, July 30- The dollar held steady in cautious trade on Thursday, ahead of U.S. gross domestic product data that could reinforce or dent expectations that the Federal Reserve is on track to raise interest rates as early as September. The GDP report "may boost the appeal of the greenback and spark a further decline in EUR/USD as signs of a stronger recovery fuels...
| By: Lisa Twaronite
Europe ends higher after bumper earnings day European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.
| By: Holly Ellyatt
UPDATE 1-Austria's top court overturns 2014 Hypo debt haircut law VIENNA, July 28- Austria's highest court on Tuesday overturned a law that wiped out some junior debtholders in defunct lender Hypo Alpe Adria, raising chances they could get part of their money back. Passed last year, the law effectively cancelled 890 million euros of subordinated debt guaranteed by Hypo's home province of Carinthia, a move that drew howls of...
Roller coaster crash set to cost owner $73M Popular UK attractions operator, Merlin Entertainments, has issued a profit warning ahead of its interim results, following a rollercoaster incident.
| By: Alexandra Gibbs
Alstom to take 300 mln eur hit to help GE sale through PARIS, July 27- Alstom is to accept a 300 million euro reduction in the price it will get for selling its power turbines unit to General Electric as a contribution to the U.S. firm's efforts to get antitrust clearance in Europe. "In order to support General Electric in its offering of a comprehensive set of remedies addressing the concern of the Commission, Alstom's...
Europe stocks close 2% down after China rout European stock closed lower on Monday, after a sharp selloff in Asian shares highlighted concerns about Chinese market volatility and slowing growth.
| By: Jenny Cosgrave