UPDATE 1-Reliance Infrastructure falls as auditors raise red flags on Q4 results

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UPDATE 1-Reliance Infrastructure falls as auditors raise red flags on Q4 results

… * Co posts loss of 33 bln rupees for quarter ended March 2019. * Writes off investment of 65 bln rupees in naval, power arms. * Auditors cast doubt around company’s accounting methodology (Adding company comments). By Abhirup Roy and Promit …
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Airbus Launches New Long-Range A321XLR Plane At Paris Air Show

The Paris Air Show, the aviation industry’s largest trade fair, kicked off in France today with a major announcement from Airbus. Following the development of its next-generation A321neo jets in recent years, including the longer-range A321LR variant, the …
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METALS-Copper recovers as China output falls, strike hits mine

… * GRAPHIC-2019 asset returns: tmsnrt.rs/2jvdmXl. * Aluminium slips to 29-month low. * Strike at Codelco’s Chuquicamata mine provides support (Recasts with closing prices). By Pratima Desai. LONDON, June 17 (Reuters) – Copper prices recovered on …
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Stocks making the biggest moves midday: Sotheby's, Array BioPharma, PaySign & more

Check out the companies making headlines midday Monday: Sotheby’s — Sotheby’s shares jumped 57.2% on news that European art collector Patrick Drahi planned to acquire the art auction house. Drahi will pay shareholders $57 per share, or $3.7 billion …
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Deutsche Bank's Latest Restructuring Plan Fails To Impress

Since the failure of merger talks with Commerzbank, there has been speculation that Deutsche Bank would embark on a major restructuring in the hopes of restoring its fortunes. Now, details are beginning to emerge. According to the Financial Times, the …
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