Livongo’s stock gains after wider-than-expected loss, but revenue rose above forecasts

Shares of Livongo Health Inc. LVGO, +2.18% rose 1% in premarket trading Thursday, after the digital health company reported its first quarterly results since going public, with a wider-than-expected loss but revenue that rose above forecasts. The net loss widened to $14.3 million, or 76 cents a share, from $6.2 million, or 38 cents a share, in the year-ago period. Excluding non-recurring items, the adjusted loss per share was 46 cents, compared with the FactSet per-share loss consensus of 15 cents. Revenue rose 156% to $40.9 million, above the FactSet consensus of $39.7 million. Enrollment for Diabetes Members grew 140% to 192,934, while clients increased 92% to 720. For the third quarter, Livongo expects revenue of $42 million to $43 million, surrounding the FactSet consensus of $42.3 million. The stock has lost 19% since it closed at $38.10 on its first day of trading on July 25, while the S&P 500 SPX, +1.08% has declined 2.2% over the same time.

Ukraine central bank cuts key interest rate to 16.5%

KIEV, Sept 5 (Reuters) – Ukraine’s central bank cut its key interest rate for the third time this year amid slowing inflation, it said in a statement on Thursday.

The cut to 16.5% from 17% was in line with most analysts’ expectations in a Reuters poll.

“The (central bank) is continuing the cycle of monetary policy easing, as it expects inflation to decline to the target of 5%,” it said. (Reporting by Natalia Zinets; writing by Matthias Williams; Editing by Toby Chopra)

Motorola Solutions says it’s received fresh $1 billion investment from Silver Lake

Motorola Solutions MSI, +0.18% said it’s received a $1 billion investment from Silver Lake and will settle its $800 million aggregate principal investment one year ahead of its maturity. Terms call for Silver Lake to buy 1.75% convertible notes due 2024 that will have an initial conversion price of $203.50 a share. Motorola Solutions will pay Silver Lake approximately $1.1 billion in cash and issue approximately 5.5 million shares to settle the $800 million note. Motorola said the new shares are fewer than the second quarter diluted share count that assumed settlement of the full premium for the 2020 Notes in shares.

Iraq protests: Thousands of graduates demand jobs from government

Government says not enough done to tackle Iraq’s jobless rate and investment climate affected by decades of war.

Thousands of university graduates in oil-rich Iraq are protesting outside government ministries in Baghdad, demanding jobs.

Unemployment for young adults stands at 22 percent and the government admits it has not planned for the large numbers of students coming into the job market every year.

Years of conflict have hollowed out the country’s economy.

Al Jazeera’s Charles Stratford reports from Baghdad.

British PM's brother Jo Johnson resigns from ministerial post, citing national interest

LONDON (REUTERS) – British Prime Minister Boris Johnson’s brother Jo has resigned as junior minister and said he would step down as a lawmaker, citing a conflict between family loyalty and the national interest.

“It’s been an honour to represent Orpington for 9 years & to serve as a minister under three PMs,” Mr Jo Johnson said.

“In recent weeks, I’ve been torn between family loyalty and the national interest – it’s an unresolvable tension & time for others to take on my roles as MP & Minister,” he said.

Oil Prices Rise On Trade Talk Optimism

Oil prices rose on Thursday as investors welcomed signs of progress in resolving the U.S.-China trade dispute.

The upside, however, remained limited after industry data showed an unexpected rise in U.S. crude inventories.

Benchmark Brent crude rose 0.35 percent to $60.91 a barrel while U.S. West Texas Intermediate (WTI) crude futures were marginally higher at $56.27.

U.S.-China trade tensions eased somewhat after the United States and China agreed to hold trade talks in Washington early next month and take actions to create favorable conditions.

Following telephone consultations between Chinese Vice Premier Liu Heying and U.S. Treasury Secretary Steve Mnuchin, China’s Commerce Ministry said a new round of face-to-face trade talks will be held in Washington in early October.

On the flip side, the American Petroleum Institute (API), has estimated a surprise crude oil inventory build of 400,000 barrels last week, compared to analyst expectations of a 3.50-million barrel draw.

The U.S. government’s official supply report is due out later in the session.

MH17 crash: The 298 who perished

Produced by Lucy Rodgers, Emily Maguire and Christopher Ashton

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Gold up ₹83, silver climbs ₹160

Gold prices rose ₹83 to ₹39,271 per 10 gram; silver prices jumped ₹160 to ₹50,110 per kilogram

Gold prices on September 5 rose ₹83 to ₹39,271 per 10 gram in the national capital, according to HDFC Securities.

In Delhi, the price of gold for 24 Karat (99.9% purity) during the day rose to ₹39,271 per 10 gram as compared with Wednesday’s closing price of ₹39,188 per 10 gram.

Likewise, silver prices jumped ₹160 to ₹50,110 per kilogram. On September 4, it had closed at ₹49,950 per kilogram.

In the global market, gold prices declined to $1,542 per ounce in New York and silver also fell to $19.35 per ounce.

“Gold prices declined on easing geopolitical tensions [in Hong Kong] and progress on U.S.-China trade talks,” Tapan Patel, senior analyst (commodities), HDFC securities said.

He further added that gold prices traded lower on September 5 on positive global cues on eased geopolitical tensions in Hong Kong and progress in the U.S.-China trade talks.