Financial news

• BHS pension: why the regulator wants Sir Philip Green to contribute more

  25-03-2016 18:45
  
  Guardian analysis suggests the amount Green’s family earned from BHS is more than the retailer’s £571m pension deficitAs Sir Philip Green negotiates over a multimillion-pound payment into the troubled BHS pension scheme, regulators will be casting an eye over the £580m extracted by Green’s family and other shareholders from the ailing retailer over the past 16 years.
  BHS has been given six months to reach a deal over the funding of the scheme and the pensions regula
  
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• UPDATE 1-Russia's Alfa Telecom says ready to sell Turkcell stake for $2.7 bln

  25-03-2016 18:04
  
  ISTANBUL, March 25 (Reuters) - Russia's Alfa Telecom said on Friday it was ready to sell a 13.22 percent indirect stake in Turkcell to Turkey's Cukurova and Ziraat Bank for a total of around $2.7 billion, according to a statement to the Istanbul bourse.
  
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• Russia investor, funds pay $18 million to settle U.S. press release hacking case

  25-03-2016 17:14
  
  NEW YORK, March 25 (Reuters) - A Moscow-based hedge fund manager, his investment firms and two Paris-based funds have agreed to pay nearly $18 million to resolve a U.S. regulator's claims that they engaged in insider trading using hacked press releases from newswire services.
  
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• Belarus may raise pension age to boost economy - minister

  25-03-2016 16:49
  
  MINSK, March 25 (Reuters) - Belarus is likely to raise the state retirement age by three years in gradual stages, Social Security Minister Marianna Shchetkina said on Friday - a reform that would shore up its Soviet-style economy and help it qualify for foreign loans.
  
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• China-backed bank says more than 30 countries await membership

  25-03-2016 13:58
  
  BOAO, China, March 25 (Reuters) - More than 30 countries are waiting to join the China-backed Asian Infrastructure Investment Bank (AIIB), adding to its 57 founding members, its president said on Friday.
  
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• UPDATE 2-Turkey's central bank should have cut rates further, Erdogan aide says

  25-03-2016 13:18
  
  ANKARA, March 25 (Reuters) - Turkey's central bank should have cut interest rates more at this week's policy meeting, an aide to President Tayyip Erdogan said on Friday, in a sign the central bank is likely to remain under pressure to lower the cost of borrowing.
  
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• UPDATE 1-Switzerland to hand Venezuela oil firm bank records to US

  25-03-2016 12:22
  
  ZURICH, March 25 (Reuters) - In a widening corruption probe into Venezuela's state oil company by U.S. authorities, Swiss regulators have agreed to provide U.S. prosecutors with records from at least 18 banks relating to the oil firm.
  
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• BOJ negative rates made simple: all in 5 minutes

  25-03-2016 10:58
  
  TOKYO, March 25 (Reuters) - The Bank of Japan published an easy-to-understand note on negative interest rates on Friday, in an effort to explain to the public key elements of its controversial policy.
  
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• SE Asia Stocks-Malaysia at 1-week low; Vietnam rebounds

  25-03-2016 10:30
  
  BANGKOK, March 25 (Reuters) - Malaysia's key stock index hit a more than one-week low, while the Thai benchmark fell for a second day on Friday as a strong U.S. dollar dented sentiment in the region but Vietnam rebounded after a trade surplus in the first quarter of 2016. Kuala Lumpur composite index ended the day down 0.68 percent at the lowest close since March 17. It posted a weekly decline of 0.7 percent after three straight weeks of increases. Among top index losers, Sapurakencana
  
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• Business news: Next, Mitie and cold-callers

  25-03-2016 10:22 via feedproxy.google.com
  
  HIGH-STREET giant Next warned the year ahead was set to be the “toughest we have faced since 2008” as it cautioned over profits amid fears of a consumer spending slump.
  
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• Regulators in China's Shanghai urge lenders to strictly implement mortgage policies

  25-03-2016 10:20
  
  SHANGHAI, March 25 (Reuters) - The Shanghai branches of China's central bank and banking regulator on Friday urged commercial banks to strictly implement differentiated mortgage policies.
  
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• Myanmar stock exchange begins trade, FMI closes limit up

  25-03-2016 10:20
  
  YANGON, March 25 (Reuters) - Myanmar's stock exchange began trading on Friday with a single listed company some three months after it opened in the country's commercial capital Yangon.
  
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• Spring cheer for high-street retailers as sales increase

  25-03-2016 09:57 via feedproxy.google.com
  
  RETAIL sales fared better than expected in February, but the cold and wet weather deterred shoppers from hitting the new spring and summer clothes collections, official figures suggest.
  
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• Yokohama Rubber to buy Alliance Tire Group for about $1.2 bln

  25-03-2016 09:22
  
  TOKYO, March 25 (Reuters) - Yokohama Rubber Co Ltd said on Friday it had agreed to buy Alliance Tire Group B.V. from private equity firm KKR & Co LP and others for about $1.2 billion in a bid to expand its commercial tyre business.
  
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• China stocks edge up, despite yuan weakness, property curbs

  25-03-2016 08:16
  
  SHANGHAI, March 25 (Reuters) - China's main stock indexes edged up on Friday, recording small gains for the week as the market's month-long, 10-percent rebound loses momentum.
  
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• Ghana lauds UK's financial support - GhanaWeb

  25-03-2016 07:49
  GhanaWeb
  Ghana lauds UK's financial support
  GhanaWeb
  The Minister for Gender, Children and Social Protection, Nana Oye Lithur, has commended Britain's efforts in giving Ghana financial assistance to help address the issue of sexual and gender-based violence. She said Britain, with funds from the UK ...en meer »
  

• SE Asia Stocks-Fall on strong US dollar; Malaysia at 1-week low

  25-03-2016 06:39
  
  BANGKOK, March 25 (Reuters) - Stocks in Thailand and Vietnam edged lower on Friday amid a fall in Asia and a strong U.S. dollar, while Malaysia hit a one-week low after inflation spiked in February. Kuala Lumpur composite index was down 0.5 percent at 1,706.35, the lowest since March 18. It is heading for a modest 0.6 percent decline on the week after three straight weeks of gains. Malaysia's consumer price index in February rose to a seven-year high at 4.2 percent from a year earlier du
  
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• UPDATE 2-Shanghai rolls out tightening measures to cool home market

  25-03-2016 06:27
  
  * Rules to have big impact on the housing market-analyst (Adds quotes)
  
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• REFILE-UPDATE 4-Premier Foods investors urge McCormick talks after Nissin deal

  25-03-2016 06:08
  
  LONDON, March 24 (Reuters) - Two major shareholders in Premier Foods urged it on Thursday to hold talks with U.S. suitor McCormick, after the British company formed an alliance with Japanese instant noodle maker Nissin Foods .
  
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• China stocks little change despite yuan weakness, property curbs

  25-03-2016 05:57
  
  * Stock investors appear unfazed by yuan's weakness this week
  
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• China money rates fall on the week after largest c.bank injection in two weeks

  25-03-2016 05:09
  
  SHANGHAI, March 25 (Reuters) - China's primary money rates fell over the course of the week as the central bank injected the most funds for a fortnight through open market operations, and onshore markets shrugged off a report of potential repayment problems at Bohai Steel. The benchmark seven-day repo's volume weighted average rate, considered the best indicator of general liquidity in China, traded at 2.2840 percent in the interbank market, down four basis points (bps) on the week. The
  
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• CHINA MONEY-Change of menu? Investors lose appetite for yuan assets

  25-03-2016 04:45
  
  SHANGHAI, March 25 (Reuters) - China's changing of the way it reports its foreign exchange data has brought it into line with international practice but the timing appears to have worsened the market's appetite for yuan assets.
  
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• S.Korea c.bank chief told low interest rates pose risk to banks

  25-03-2016 04:17
  
  SEOUL, March 25 (Reuters) - South Korea's central bank said private economists warned its chief on Friday that interest rates remaining low for a long time could increase the risk to financial stability by depressing profits of banks and finance-sector firms.
  
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