Financial news

• Netflix added 5.6m subscribers in past three months

  19-01-2016 23:51 via telegraph.feedsportal.com
  
  Netflix also reveals revenues rose 22.8pc to $1.82bn
  
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• US shale drillers' hallelujah chorus turns to a lonely lament

  19-01-2016 22:06 via telegraph.feedsportal.com
  
  How lng can the shale industry hold out against the Middle East's onslaught
  
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• UPDATE 5-Brazil's central bank casts doubt on rate hike as outlook worsens

  19-01-2016 22:06
  
  BRASILIA, Jan 19 (Reuters) - Brazil's central bank on Tuesday signaled that a worsening recession could force it to abandon plans to aggressively raise interest rates to battle inflation, which recently hit a 12-year high.
  
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• World faces wave of epic debt defaults, fears central bank veteran

  19-01-2016 22:00 via telegraph.feedsportal.com
  
  Situation worse than it was in 2007, says chairman of the OECD's review committee
  
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• India start-ups at risk as investors close taps, Modi fund falls short

  19-01-2016 22:00
  
  MUMBAI, Jan 20 (Reuters) - After pumping billions of dollars into Indian Internet start-ups in the last 24 months, global investors are cutting that flood back a trickle as dreams of huge online sales are clouded by soaring valuations and still-distant profits.
  
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• UPDATE 1- Global dairy prices continue to fall at Fonterra auction

  19-01-2016 21:47
  
  (Updates to add more detail, comment from economists) WELLINGTON, Jan 20 (Reuters) - International dairy prices continued to fall in this month's second auction held by New Zealand's Fonterra Co-operative Group, the world's largest dairy exporter. The GDT Price Index, which covers a variety of products and contract periods, dropped 1.4 percent, with an average selling price of $2,405 per tonne, in the auction held on Tuesday. Whole milk powder, which makes up the bulk of the auction,
  
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• UPDATE 1-Judge denies stay order for info from Bloomberg reporters' sources

  19-01-2016 21:44
  
  WILMINGTON, Del., Jan 19 (Reuters) - A U.S. judge denied on Tuesday a request by media company Bloomberg LP to stay an order requiring more than 100 people to disclose information they shared with its reporters about a bankrupt mining company, which Bloomberg said inhibits its free speech rights.
  
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• Ex-Perella Weinberg banker loses challenge to insider trading case

  19-01-2016 21:25
  
  NEW YORK, Jan 19 (Reuters) - A former Perella Weinberg Partners investment banker on Tuesday lost his bid to dismiss criminal charges he illegally tipped his father to trade ahead of healthcare mergers on the grounds that insider trading laws are unconstitutionally vague.
  
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• Poland names former minister as new CEO at insurer PZU

  19-01-2016 21:24
  
  WARSAW, Jan 19 (Reuters) - The Polish treasury named Michal Krupinski, former deputy treasury minister, as the new head of Eastern Europe's largest insurer PZU on Tuesday, in the latest management reshuffle at a state-run company.
  
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• We should all try to ignore what Mark Carney says about interest rates

  19-01-2016 21:06 via telegraph.feedsportal.com
  
  The markets had made up their minds about a UK rate hike before Mark Carney's speech
  
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• UPDATE 1-Record-low Canadian yields seen hurting C$, pensions, aiding gov't

  19-01-2016 20:48
  
  TORONTO, Jan 19 (Reuters) - A plunge in Canadian bond yields to record lows is seen further undermining the country's struggling currency and increasing the funding challenges for its pension plans, even as it offers welcome savings to cash-strapped governments.
  
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• UPDATE 3-Monte dei Paschi leads slide in Italian bank shares on loan concerns

  19-01-2016 20:19
  
  * ECB request for bad loan data triggers second day of heavy falls
  
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• Scotiabank sees growth in Chile, Peru despite commodity weakness

  19-01-2016 20:13
  
  TORONTO/MEXICO CITY, Jan 19 (Reuters) - Bank of Nova Scotia , Canada's third-largest bank, will push ahead with its plans in the high-growth focus markets of Peru and Chile despite their exposure to the commodities sectors, one of its top executives said on Tuesday.
  
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• India, UK to cooperate in infra financing, check tax evasion - Financial Express

  19-01-2016 20:09
  Financial Express
  India, UK to cooperate in infra financing, check tax evasion
  Financial Express
  India and the UK today agreed to strengthen their economic cooperation in infrastructure and financial services as they vowed to address cross-border tax evasion and avoidance. By: PTI | London | January 20, 2016 12:35 AM ...
  India, UK to cooperate in infrastructure, financial servicesBusiness Standard (press release) (registration) (blog)
  UK Chancellor announces deeper infrastructure and finan
  

• UPDATE 1-Revised Azeri budget to be based on $30 oil - c.bank chief

  19-01-2016 20:02
  
  BAKU, Jan 19 (Reuters) - Azerbaijan's revised budget will be based on an oil price of $30 a barrel, the country's central bank chief said on Tuesday, as the former Soviet country struggles to stave off a currency crisis.
  
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• The sexist surcharge – how women ​get ripped off on the high street

  19-01-2016 19:51
  
  A new report has found that women are paying 37% more than men for equivalent products. ​It’s time to fight backThese are hard times to be a female shopper. Whether you spend your money on pens, razors, designer fragrance or plain old Marks & Spencer vests, you will pay a surcharge just for being a woman. In theory, men and women enter stores equal – but, in practice, the shelves each gender browses, the aisles each chooses, lead them down very different paths to the cash r
  
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• Italy's RINA to start classifying Iranian ships in weeks

  19-01-2016 19:50
  
  LONDON, Jan 19 (Reuters) - Italy's RINA expects to start verifying safety and environmental standards for Iranian ships including oil tankers in a matter of weeks, the classification society said, stealing a lead on rivals as business interest in Iran heats up.
  
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• UPDATE 3-U.S. digs into Treasury market's workings with an eye to data collection

  19-01-2016 19:49
  
  WASHINGTON, Jan 19 (Reuters) - The U.S. Treasury on Tuesday opened a major public review of the evolving structure and risks of the Treasuries market, inspired by the "flash crash" of Oct. 15, 2014, that jolted the market with whiplash price swings.
  
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• CORRECTED--Wells Fargo wealth unit shows strain of great expectations

  19-01-2016 19:46
  
  Jan 15, (Reuters) - It may be the CEO's favorite business, but Wells Fargo & Co's wealth management unit is not growing.
  
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• Private jet flights to Davos soar by a third

  19-01-2016 19:30 via telegraph.feedsportal.com
  
  The number of private business flights landing at the three airports nearest to Davos was 35pc higher last January - and could rise even more this year
  
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• City bids to boost business from India as China slows

  19-01-2016 19:19 via telegraph.feedsportal.com
  
  British delegations are advising India on everything from pensions to infrastructure to bond markets, and hope to win more contracts as a result
  
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• Questor share tip: Unilever delivers in the 'crucible' of price war

  19-01-2016 19:16 via telegraph.feedsportal.com
  
  The FTSE 100 company's strong start to the year, combined with its impressive cash performance, make it one to hold on to, says Questor.
  
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• UPDATE 1-Shareholder sues Viacom, CBS boards over Sumner Redstone health

  19-01-2016 19:15
  
  Jan 19 (Reuters) - A shareholder filed a lawsuit against Viacom and CBS's boards on Tuesday, alleging the companies improperly paid millions to Sumner Redstone for his services as executive chairman "while he was physically and mentally incapacitated."
  
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• FTSE records biggest daily gain this year as hopes of further economic stimulus from China trigger rally

  19-01-2016 19:15 via telegraph.feedsportal.com
  
  Market Report: BAE Systems falls on downgrade, while the FTSE bounces back from three-year lows.
  
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• Azerbaijan revising budget, to be based on $30 oil price: c.bank chief

  19-01-2016 19:02
  
  BAKU, Jan 19 (Reuters) - Azerbaijan's central bank chief said on Tuesday that work on revising the state budget was under way and that the budget would be based on an oil price of $30.
  
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• Fund managers: Quitting EU will not cut red tape

  19-01-2016 19:01 via telegraph.feedsportal.com
  
  Britain is among the most enthusiastic regulators, so a Brexit vote will not reduce the burden on regulation on the City of London, say fund managers
  
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• UK bosses remain upbeat despite growing cocktail of risks

  19-01-2016 18:45 via telegraph.feedsportal.com
  
  As leaders from around the world gather in Davos, an important survey suggests British businessmen are positive about their prospects this year
  
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• UPDATE 1-After Greenlight's 2015 dive, Einhorn bets on Macy's -letter

  19-01-2016 18:43
  
  BOSTON, Jan 19 (Reuters) - David Einhorn, whose Greenlight Capital hedge fund ranked among last year's worst performers, told investors on Tuesday that he has made new bets on stocks including battered retailer Macy's and is currently concentrating on delivering better returns.
  
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• European shares end higher helped by miners

  19-01-2016 18:34
  
  * Italy banks down as ECB asks bad loan data (Updates prices)
  
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• Bloomberg contests US court order for info from reporters' sources

  19-01-2016 18:20
  
  WILMINGTON, Del., Jan 19 (Reuters) - Media company Bloomberg LP has asked a U.S. judge to stay an order requiring more than 100 people to disclose any information they shared with its reporters regarding bankrupt mining company Molycorp Inc, arguing the order inhibits Bloomberg's free speech rights.
  
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• UPDATE 1-European banks have not enough buffer for bail-in -EU official

  19-01-2016 18:18
  
  BRUSSELS, Jan 19 (Reuters) - Europe's banks have not yet built up the capital buffers needed to comply with new EU rules which will impose losses on creditors of a failing bank before any public money can be used to rescue it, an EU official said on Tuesday.
  
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• UPDATE 3-Brazil central bank cast doubt on rate hike as outlook worsens

  19-01-2016 18:17
  
  BRASILIA, Jan 19 (Reuters) - The Brazilian central bank on Tuesday signaled that a worsening recession could force it to abandon plans to aggressively raise interest rates to battle 12-year high inflation.
  
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• Best boss ever? Work for this firm and you get long holidays, short hours and an amazing benefits package

  19-01-2016 18:10 via telegraph.feedsportal.com
  
  Do you feel appreciated at work? This software company is bending over backwards to make sure its workers have a good quality of life
  
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• Ex-drug CEO Shkreli plans to replace lawyers

  19-01-2016 18:07
  
  NEW YORK, Jan 19 (Reuters) - Former drug executive Martin Shkreli plans to hire new legal counsel to represent him against U.S. charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed, Shkreli's current lawyers said.
  
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• UPDATE 5-BofA earnings beat tempered by concern about weak oil prices

  19-01-2016 18:01
  
  Jan 19 (Reuters) - Bank of America Corp joined other lenders in expressing concern about weak oil prices after the No. 2 U.S. bank by assets reported better-than-expected quarterly earnings, helped by a drop in costs and revenue rises in most of its businesses.
  
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• China set for more spending stimulus as growth slows to lowest level since 1990

  19-01-2016 18:00 via telegraph.feedsportal.com
  
  Full-year growth of 6.9pc was China's poorest showing in a quarter of a century
  
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• UPDATE 2-U.S. Supreme Court agrees to hear insider trading appeal

  19-01-2016 17:47
  
  WASHINGTON/NEW YORK, Jan 19 (Reuters) - The U.S. Supreme Court on Tuesday agreed to review what constitutes insider trading, taking up an Illinois businessman's appeal of his conviction for making $1.2 million trading on tips about mergers from his brother-in-law, a Citigroup Inc banker.
  
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• Former CVC executive sues private equity firm, alleges sexism

  19-01-2016 17:46
  
  NEW YORK, Jan 19 (Reuters) - CVC Capital Partners has been sued by a former managing director who said the big private equity firm fired her in retaliation for her complaints about what she called its sexist environment.
  
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• 'Rip-off' pension exit fees will be capped, says George Osborne

  19-01-2016 17:39
  
  Government announces plan for financial regulator to cap ‘prohibitive’ charges levied on savers who wish to cash in pension potsThe government has announced plans to cap the “rip-off” exit charges levied on savers who opt to cash in their pension pots as a result of the pension freedoms introduced in April last year.
  George Osborne said on Tuesday that the government will place a duty on the financial regulator to cap “prohibitive” exit fees, which can run int
  
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• Zombie ships send maritime freight into worst crisis in living memory

  19-01-2016 17:30 via telegraph.feedsportal.com
  
  Cheap debt, the China slowdown, and a glut of ships have seen the Baltic Dry Index plummet to its lowest level in more than 30 years
  
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• European banks still far away from bail-in targets -EU official

  19-01-2016 17:30
  
  BRUSSELS, Jan 19 (Reuters) - Europe's banks have not yet set aside the capital buffers needed to comply with new EU rules which impose losses on banks' creditors before any public money can be used to rescue a lender, an EU official said on Tuesday.
  
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• Canada watchdog sees household debt ratio climbing in 2016

  19-01-2016 17:26
  
  OTTAWA, Jan 19 (Reuters) - Canada's record-high household debt levels, which have been a source of concern for the central bank and other policymakers, will only get worse this year, the country's parliamentary budget watchdog warned on Tuesday.
  
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• ECB plans to order banks to tackle bad loans, sources say

  19-01-2016 17:22
  
  FRANKFURT, Jan 19 (Reuters) - The European Central Bank plans to tell euro zone banks how to better manage bad loans, banking officials said on Tuesday, in an effort to resolve an issue that is curbing the region's economic recovery.
  
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• Chinese to invest £500m in finding the next British 'unicorn'

  19-01-2016 17:21 via telegraph.feedsportal.com
  
  Venture capitalists from Shanghai have set up a fund to invest in British technology, starting with an open office in London's Old Street
  
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• UPDATE 3-UnitedHealth expects 2016 growth despite exchange loss

  19-01-2016 17:07
  
  Jan 19 (Reuters) - UnitedHealth Group Inc on Tuesday reported a better-than-expected quarterly profit that also cleared the decks for growth this year as it booked anticipated 2016 losses on its individual exchange business.
  
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• Why China threatens the world economy - in 90 seconds

  19-01-2016 17:04 via telegraph.feedsportal.com
  
  China has the second largest economy but a recent downturn is sending a ripple effect across the world - The Telegraph looks at why the country has such an impact on the global economy
  
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• Inside a ‘cave’ conversion house on the market for £200,000 – video

  19-01-2016 16:59
  
  A video tour of a ‘hobbit house’, which has been put up for sale for £200,000. Thirty Railway Street opens into a huge cave with a grand vaulted ceiling thanks to the designs of artist Anthony Dracup. At the back of the property, in Bridgnorth, Shropshire, was a sandstone cave which Dracup decided to integrate into his home Continue reading...
  
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• Entrepreneur First, Europe's 'biggest start-up creator', expands to Singapore

  19-01-2016 16:46 via telegraph.feedsportal.com
  
  The talent recruiter that aims to find the best start-up founders has its eyes on Asia for its first international programme
  
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• UPDATE 2-Brazil central bank cast doubt on rate hike as outlook worsens

  19-01-2016 16:44
  
  BRASILIA, Jan 19 (Reuters) - The Brazilian central bank on Tuesday signaled that a worsening recession could force it to abandon plans to aggressively raise interest rates to battle 12-year high inflation.
  
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• The four big questions banks must ask themselves in 2016

  19-01-2016 16:44 via telegraph.feedsportal.com
  
  Are the world's largest banks safe and do they need more regulation?
  
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