Financial news

• UPDATE 2-Judge delays payouts in BofA $8.5 bln mortgage bond settlement

  05-02-2016 23:36
  
  NEW YORK, Feb 5 (Reuters) - A judge on Friday delayed payouts to investors from Bank of America Corp's $8.5 billion mortgage securities settlement after the trustee overseeing the securities asked for instructions on how to split the proceeds among investors.
  
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• Debt mediator praises Argentina's Macri for courage in tackling dispute

  05-02-2016 23:27
  
  BUENOS AIRES, Feb 5 (Reuters) - Argentina's new President Mauricio Macri and his finance minister showed "courage and flexibility" in dealing with the country's legal battle with creditors, the U.S. court-appointed mediator in the case said on Friday.
  
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• U.S., Britain eye letting spy agencies, police seek email, chat data from companies

  05-02-2016 23:20
  
  WASHINGTON (Reuters) - U.S. and UK spy agencies and police may soon be allowed to directly ask media companies in each others' countries for email and online chat data for people being investigated, under a tentative bilateral deal, officials said on Friday.
  
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• CANADA STOCKS-TSX dips with weaker technology stocks; gold shares cushion losses

  05-02-2016 23:13
  
  TORONTO, Feb 5 (Reuters) - Canada's main stock index dipped on Friday as a selloff in U.S. technology stocks spilled over to Canada's technology sector, but defensive names such as gold stocks helped cushion losses.
  
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• Argentina presents proposal in NY to end debt battle

  05-02-2016 23:01
  
  BUENOS AIRES, Feb 5 (Reuters) - Argentina presented a proposal on Friday to creditors to end their battle in U.S. courts over debt the country defaulted on in 2002, the Finance Ministry said in a statement.
  
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• Four million people retiring from April could get the wrong state pension

  05-02-2016 23:00 via telegraph.feedsportal.com
  
  Exclusive: erroneous pension records dating back to 1978 are putting many people at risk of receiving too much - or too little retirement income
  
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• Yes, we need to improve productivity, but not by slashing penalty rates

  05-02-2016 22:38
  
  Progressive productivity reform, with the aim of boosting per capita disposable income, has to be driven by smart investment rather than brutal cutsEver since Thomas Mortimer worried that the advent of the sawmill “would exclude the labour of thousands of useful workmen”, progressives have had an uneasy relationship with productivity. Everyone is pleased to see technology and process improvements that make jobs safer, cleaner and less stressful. But many worry that such improvements
  
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• FinnCap Reiterates "Corporate" Rating for Datatec Ltd. (UK) (DTC) - Financial Market News

  05-02-2016 22:34
  FinnCap Reiterates "Corporate" Rating for Datatec Ltd. (UK) (DTC)
  Financial Market News
  Datatec Ltd. (UK) logo Datatec Ltd. (UK) (LON:DTC)'s stock had its “corporate” rating reissued by stock analysts at FinnCap in a report issued on Wednesday, AnalystRatingsNetwork.com reports. They presently have a GBX 400 ($5.75) price target on the ...en meer »
  

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• UPDATE 3-Puerto Rico emergency fiscal measures to be exhausted by June -GDB president

  05-02-2016 22:14
  
  WASHINGTON, Feb 5 (Reuters) - Puerto Rico will run out of fiscal emergency measures by June, the U.S. commonwealth's Government Development Bank president said on Friday, as she and the island's advisers made their case to U.S. congressional staffers on the need for legally sanctioned debt restructuring on the island.
  
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• UPDATE 1-Canadian love affair with Manhattan real estate seen unabated

  05-02-2016 22:04
  
  MONTREAL, Feb 5 (Reuters) - Canadian investment in the Manhattan commercial property market is expected to stay strong this year after quadrupling to hit a record in 2015, real estate specialists said.
  
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• Speculators boost US natgas net shorts for third week - CFTC

  05-02-2016 22:00
  
  Feb 5 (Reuters) - U.S. natural gas speculators raised their net short positions for a third week in a row as they bet prices would continue to decline on forecasts for weak heating demand for the rest of the winter.
  
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• Tilton's Patriarch to become family office, steps aside from Zohar

  05-02-2016 21:47
  
  NEW YORK, Feb 5 (Reuters) - Wall Street financier Lynn Tilton on Friday said her firm Patriarch Partners LLC will become a "family office" and will step down as collateral manager of three investment pools that helped fund her portfolio of troubled companies.
  
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• U.S. derivatives regulator says will "move very quickly" to fix accounting issue

  05-02-2016 21:33
  
  WASHINGTON, Feb 5 (Reuters) - The U.S. regulator of the complex derivatives market that was recently found violating a government accounting law will work with Congress to fix its bookkeeping problems, its chairman said on Friday.
  
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• Bradesco closes in on Itaú amid diverging Brazil outlook

  05-02-2016 21:32
  
  SAO PAULO, Feb 5 (Reuters) - Itaú Unibanco Holding SA , Brazil's largest private-sector bank, has for years traded at a premium to rival Banco Bradesco SA but many investors are betting the gap will narrow amid sharply diverging outlooks from the lenders.
  
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• Burberry to sell styles straight from catwalk in fashion shakeup

  05-02-2016 21:31
  
  From September, clothes featuring in brand’s runway shows will be available to buy immediately, instore and onlineBurberry has announced it is to abandon the traditional seasonal approach to its catwalk collections in a move that could herald a major shakeup for the entire fashion industry.From September, all of the clothes featured in Burberry’s runway shows will be available to buy immediately, instore and online, a significant departure from the conventional model in which clothes
  
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• Mediator in Argentina's debt battle says to issue 'significant statement'

  05-02-2016 21:30
  
  NEW YORK, Feb 5 (Reuters) - The U.S. court-appointed mediator in Argentina's decade-long battle with creditors over unpaid debt said he would issue a "significant statement" later on Friday.
  
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• Relax, we will always want to buy more stuff

  05-02-2016 21:13 via telegraph.feedsportal.com
  
  It will soon become even more valuable to own a house, so more people may wish to do it; but space will be easier to rent, so more people may decide to keep their lives cluttered and own more physical objects
  
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• CORRECTED-UPDATE 1-CFM jet engine sales top 2,150 in 2015 as growth booms

  05-02-2016 21:02
  
  Feb 5 (Reuters) - Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CFM56 engines in 2015.
  
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• Barack Obama hails economic successes as unemployment rate drops below 5%

  05-02-2016 20:59
  
  ‘Unemployment, deficit, gas prices are all down’President criticises Republican candidates for blaming immigrants and poorAfter it was announced on Friday that US unemployment had fallen below 5% for the first time in eight years, Barack Obama made a surprise visit to the White House briefing room. Related: Global markets fall after US jobs report raises prospect of interest rate riseContinue reading...
  
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• Age UK's commercial tactics first questioned five years ago

  05-02-2016 20:31
  
  A number of local branches chose to split from charity in 2011 amid concerns over proposed sales arrangements Concerns about commercial activities were first raised five years ago at Age UK, which now pays more than £100,000 a year to eight executives involved in selling energy deals and insurance to elderly people, it can be revealed.A collection of local charities decided to split from Age UK in 2010 and 2011 amid concerns about commercial arrangements that the organisation wanted to imp
  
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• Jessica Alba's online retailer 'working on IPO'

  05-02-2016 20:09 via telegraph.feedsportal.com
  
  Honest, co-founded by the Hollywood actress, is valued at $1.7bn
  
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• Zayn scores fastest-selling single of 2016 with solo release

  05-02-2016 19:58
  
  LONDON (Reuters) - The debut solo of former One Direction singer Zayn shot straight to the top of the British charts on Friday as the fastest-selling single of 2016 so far, while David Bowie continued to dominate the albums.
  
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• US jobs growth slower than expected in January – video

  05-02-2016 19:57
  
  The United States added 151,000 new jobs in January, much less than expected and nearly half the figure for December. The sectors with the most growth were retail, food services and healthcare while manufacturing saw a downturn, with some pointing to the cold start to the year as a cause Continue reading...
  
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• Global markets fall after US jobs report raises prospect of interest rate rise

  05-02-2016 19:43
  
  US jobless rate dips below 5% for first time since February 2008 to overshadow news that January jobs report was weaker than expected Global stock markets fell on Friday after the news that US wages picked up and unemployment fell to an eight-year low raised the prospect of another interest rate rise in the world’s biggest economy this year.The US jobless rate dipped below 5% for the first time since February 2008 to come in at 4.9% in January, the US Department of Labor reported. That fre
  
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• Film investor Ingenious sells its £1.8bn asset management business to private equity

  05-02-2016 19:43 via telegraph.feedsportal.com
  
  Ingenious Asset Management will merge with rival asset management firm Tilney BestInvest, which is backed by Permira
  
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• Poland's Kaczynski backs deal with Cameron to keep Britain in EU

  05-02-2016 19:40
  
  WARSAW/COPENHAGEN (Reuters) - Prime Minister David Cameron secured the support of Poland's most powerful man on Friday for a proposed deal to keep Britain in the European Union, though an opinion poll suggested voters may still reject continued membership in a planned referendum.
  
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• Grainger sells £94m German property portfolio to private equity

  05-02-2016 19:37 via telegraph.feedsportal.com
  
  Britain's biggest listed housing landlord continues to exit from German property as part of ambitious plans to plough £850m in UK private rentals
  
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• Oil market spiral threatens to prick global debt bubble, warns BIS

  05-02-2016 19:33 via telegraph.feedsportal.com
  
  An 'illusion of sustainability' has blinded borrowers and debtors, lulling them into a false of security. The BIS says liquidity is now drying up
  
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• It is time to be more optimistic about the global economy

  05-02-2016 19:14 via telegraph.feedsportal.com
  
  The Bank of England says global concerns are making an interest rate rise less likely - but that's not really true, is it Mark Carney?
  
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• Navinder Sarao broke no English laws and has 'gossamer thin' link to the Wall Street flash crash, lawyers say

  05-02-2016 18:36 via telegraph.feedsportal.com
  
  Navinder Sarao, the Hounslow trader arrested last April, is fighting extradition to the United States
  
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• Proof that premium bonds are bad investments

  05-02-2016 18:32 via telegraph.feedsportal.com
  
  They're a cherished savers' institution but their returns are poor - and about to get worse. Here's why
  
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• Poverty charity blamed for evictions after selling up to developers

  05-02-2016 18:11
  
  Labour MP Stella Creasy criticises the Glasspool Trust for sale of 63 houses to a company that then promptly started removing tenantsA London MP and a group of tenants have condemned a charity set up to help the poor after it sold dozens of flats to a property developer without telling residents, many of whom are now being evicted.Among those affected is Monika Kojak, who spent eight years renting her flat on the Butterfields estate from the Glasspool Trust, set up 75 years ago with a bequest fr
  
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• Great tech crash of 2016? LinkedIn, Yahoo, Google & Apple shares PLUNGE amid market fears

  05-02-2016 17:47 via feedproxy.google.com
  
  SHARES in the world's biggest technology companies plunged in today's trading, pointing towards what could be the start of another bursting bubble.
  
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• FTSE 100 closes down as US jobs growth slows in January

  05-02-2016 17:37 via telegraph.feedsportal.com
  
  Market Report: Anglo American's revival continues as stock posts best week in five months
  
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• Let’s move to Slaithwaite and the Colne Valley, West Yorkshire

  05-02-2016 17:29
  
  With food co-ops and micro breweries, the northern powerhouse is already hereWhat’s going for it? I know, beards are over, austerity nostalgia is over, anything with the words artisan/craft/locally sourced is O.V.E.R. But let’s not throw the baby out with the hipster bath water (sorry, terrible mixed metaphors). Stripped of fashion, there can be a radical kernel behind that turn to the handmade that accompanied the Great Recession. Take The Handmade Bakery, established in Slaithwaite
  
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• Accused 'flash crash' trader's actions not a crime in UK, court hears

  05-02-2016 17:02
  
  LONDON (Reuters) - A London-based trader, accused by the U.S. of contributing to the 2010 Wall Street "flash crash", should not be extradited because the offences he is accused of are not crimes in Britain, his lawyers said on Friday.
  
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• Half a million landlords set to sell amid George Osborne's tax grab

  05-02-2016 16:14 via feedproxy.google.com
  
  BRUTAL new tax rules are set to push hundreds of thousands of landlords to sell up this year, which could force up rents and make home ownership even harder, according to experts.
  
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• Nearly 30 sperm whales wash up and die on North Sea beaches

  05-02-2016 15:39
  
  LONDON (Reuters) - A sixth sperm whale has died on a British beach, the latest of nearly 30 to have become stranded in shallow waters on the coastline of Europe's North Sea over the past month.
  
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• Russia considers 'junk-food' tax to cut deficit

  05-02-2016 15:20 via telegraph.feedsportal.com
  
  A cash-strapped Kremlin is reportedly considering doing what Jamie Oliver has been begging the British government to do - tax sugar
  
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• Barclays told: sell US investment bank and axe dividend

  05-02-2016 15:12 via telegraph.feedsportal.com
  
  Analysts say Barclays needs radical surgery if it is to return to growth
  
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• Strong US labour market muddies picture for Federal Reserve

  05-02-2016 15:00 via telegraph.feedsportal.com
  
  Unemployment falls to an eight-year low in the world's largest economy
  
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• Slowing US jobs growth pressures Fed to take foot off the pedal

  05-02-2016 15:00 via telegraph.feedsportal.com
  
  World's largest economy generated just 151,000 jobs at the start of the year, but unemployment fell to an eight-year low
  
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• Help to Buy deposit saving financial product proving popular in UK - Property Wire

  05-02-2016 14:54
  Property Wire
  Help to Buy deposit saving financial product proving popular in UK
  Property Wire
  Image The UK Government's new Help to Buy ISAs savings scheme for first time buyers is proving popular with a quarter of a million opening one of the financial products since it was launched in December 2015. Some 250,000 first time buyers, more than ...en meer »
  

• FTSE 100 turns negative as US jobs growth slows in January - live

  05-02-2016 14:52 via telegraph.feedsportal.com
  
  Stock markets in Asian sink again as dollar continues its downward trend
  
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• Oil prices to rise to $70 by 2018, says Morgan Stanley

  05-02-2016 14:20 via telegraph.feedsportal.com
  
  The bank has slashed its price forecasts for this year, but expects a rebound will begin within the next 12 months
  
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• Charity sector 'out of control' experts warn

  05-02-2016 14:09 via telegraph.feedsportal.com
  
  Age UK deals with E.ON prompt renewed calls for the introduction of new legislative powers for regulator
  
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• Just Eat boss hits out at competition 'misconceptions'

  05-02-2016 12:50 via telegraph.feedsportal.com
  
  Boss claims there is 'badly informed' commentary about the food delivery firm
  
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• Garage in Chelsea up for auction priced at £180,000

  05-02-2016 12:23
  
  Single garage in London to go under the hammer for guide price equal to cost of a family home in other parts of the country
  It’s priced below £200,000 despite its location in one of London’s most sought-after neighbourhoods, so it probably won’t surprise you to learn this property in Chelsea is not somewhere you can actually live.Continue reading...
  
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