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Earnings were better than expected due to a lower tax rate and the share buyback, Weissman said. For 2019, the company forecast adjusted earnings of $1.4 billion to $1.5 billion, up from $1.4 billion in the current year. The company has retained a 45-percent stake in Refinitiv, which sells data and news primarily to financial customers. Under the agreement with Blackstone, Refinitiv will make minimum annual payments of $325 million to Reuters over 30 years, adjusted for inflation, to secure access to its news service, equal to almost $10 billion in all how to make wire cufflinks.
Refinitiv revenue grew by 3 percent, excluding currency movements, to $1.55 billion during the quarter, Thomson Reuters said. Thomson Reuters, controlled by Canada’s Thomson family, is the parent of Reuters News how to make wire cufflinks. Revenue from Reuters News more than doubled to $155 million, reflecting a first-time contribution from the Refinitiv deal. Smith told analysts on a conference he expects the division to be a stronger contributor to the overall profitability going forward. For 2018 as a whole, Thomson Reuters reported overall revenue growth of 4 percent. Revenues excluding the impact of the Blackstone deal rose by 2.5 percent..
LONDON (Reuters) – Glencore has lodged a complaint with the London Metal Exchange (LME) about the company’s inability to take speedy delivery of aluminum from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said. London-listed commodity trader and miner Glencore bought 200,000 tonnes of aluminum on the LME late in January and made preparations to take that metal from ISTIM’s warehouses. Metal entering the LME’s global warehouse storage network is issued with a title document called a warrant. In order to take delivery of metal from the network, buyers need to cancel the warrants – earmarking it for delivery how to make wire cufflinks.
The metal is then shipped after being scheduled for delivery on a first come, first served basis how to make wire cufflinks. To get the metal out quickly, Glencore moved to complete the formalities and create a queue of more than 50 days before the end of January, which would have activated the LME’s load-in, load-out (LILO) rules for warehousing, the sources said. LILO rules were ushered in as part of sweeping LME reform sparked by accusations from consumers that banks and traders were hoarding metal in LME warehouses..
The rules stipulate that if a warehouse has a queue of more than 50 days, it must load out all the metal delivered in the previous three months. But the rules were not triggered in this case because ISTIM said there was no queue at its warehouses in Port Klang at the close of business on Jan. 31, sources said how to make wire cufflinks. “The load-out rules are complicated and ISTIM .. argue they didn’t have a queue in January, that the queue didn’t exist before midnight February 1,” a metal industry source said..