Finance news

• UPDATE 3-Libyan conflict parties clash over control of eastern oil ports

  13-12-2014 23:54
  * OPEC producer has two governments vying for legitimacy (Adds worker evacuate Es Sider port, updates death toll)
  
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• PM Abe's ruling party eyes big gains in low-voltage Japan vote

  13-12-2014 23:21 via news.yahoo.com
  
  By Linda Sieg TOKYO (Reuters) - Prime Minister Shinzo Abe's party looks set for a huge win on Sunday in a low-voltage election that will allow the conservative leader to claim a fresh mandate for his reflationary policies to revive Japan's long-stagnant economy. Voting began at 7 a.m. (5.00 p.m. ET) for an election that the premier has cast as a referendum on his "Abenomics" strategy to end deflation and generate growth. Media exit polls, which have proved reliable in the pas
  
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• UPDATE 2-U.S. Senate passes shutdown reprieve, funding fight drags on

  13-12-2014 22:46
  (Updates with five-day extension of funding, more details)
  
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• Hackers vs James Bond: 'SPECTRE' script stolen in Sony attack

  13-12-2014 22:15
  LOS ANGELES, Dec 13 (Reuters) - Early villains have emerged in the next James Bond film "SPECTRE": hackers who stole a version of the screenplay as part of a devastating cyberattack on Sony...
  
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• U.S. Senate passes funding extension to avert government shutdown

  13-12-2014 21:58
  WASHINGTON, Dec 13 (Reuters) - The U.S. Senate on Saturday passed an extension of federal spending authority through midnight Wednesday (0500 Thursday GMT), staving off the threat of a government...
  
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• Spain PM promises fresh economic reforms

  13-12-2014 18:55 via news.yahoo.com
  
  Spanish Prime Minister Mariano Rajoy on Saturday promised fresh reforms to boost Spain's economic recovery and warned he would continue to resist the drive for independence of the Catalonia region. Responding to calls for constitutional reform to answer Catalan separatists' demands, Rajoy vowed that his conservative Popular Party would ward off any threat to the unity of Spain and tried to shift the focus to the tentative economic recovery. "We will support any future reform that
  
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• Libya's recognized government appoints another official to run state oil firm

  13-12-2014 18:53
  BENGHAZI, Libya, Dec 13 (Reuters) - Libya's recognized government has appointed a second official to head state-run National Oil Corp (NOC), it said on Saturday as it vies with a rival government for...
  
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• UPDATE 1-Greek opposition leader accuses government of fear-mongering

  13-12-2014 18:47
  ATHENS, Dec 13 (Reuters) - Greece's radical leftist opposition leader, Alexis Tsipras, accused Prime Minister Antonis Samaras on Saturday of sowing fear in the country to win support for a...
  
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• Former PwC employee charged over leaked tax documents

  13-12-2014 16:03
  BRUSSELS, Dec 13 (Reuters) - A Luxembourg judge has charged a former PricewaterhouseCoopers employee suspected of leaking documents about secret corporate tax deals with theft and giving away...
  
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• MIDEAST WEEKAHEAD-Gulf equities slide in perfect storm of oil, leverage, panic

  13-12-2014 15:52
  DUBAI, Dec 13 (Reuters) - Sliding oil prices, leverage and sheer panic have exposed the fragility of Gulf equity markets just as they are becoming mainstream destinations for international...
  
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• Computer fault identified as UK flight chaos abates

  13-12-2014 15:35
  LONDON, Dec 13 (Reuters) - A system failure affecting air traffic control workstations was to blame for disruption to thousands of passengers coming in and out of Britain's biggest airports,...
  
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• Stora Enso sells German paper mill to Perusa Partners

  13-12-2014 15:35
  STOCKHOLM, Dec 13 (Reuters) - Finnish paper manufacturer Stora Enso said on Saturday it was selling a loss-making speciality fine paper mill in Germany to a company mainly owned by the private equity...
  
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• South Africa defends economic policies after ratings agencies warn about deficits

  13-12-2014 14:51 via news.yahoo.com
  
  JOHANNESBURG (Reuters) - South Africa's government defended its economic policies on Saturday after credit ratings agencies cited the country's low GDP growth and budget and current account deficits as weaknesses. "Important structural reforms are underway in major economic sectors that will boost the economy's growth," the national treasury said in a statement in response to the ratings reviews. Ratings agency Fitch maintained South Africa's BBB rating, two notches above junk status, in a revie
  
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• TUI in talks with investors on Hapag stake sale: paper

  13-12-2014 14:10
  
  FRANKFURT (Reuters) - TUI AG is in talks with investors interested in buying its stake in Hapag-Lloyd as an option in its long-planned exit from the German shipping company, TUI's chairman told a...
  
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• EU's Juncker tells Britain to ease up on migrants

  13-12-2014 12:28
  VIENNA, Dec 13 (Reuters) - European Commission President Jean-Claude Juncker warned Britain not to discriminate against workers from fellow EU countries and said any moves to restrict the free...
  
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• Gold sees biggest weekly rise in 2 months as stocks, dollar slip

  13-12-2014 10:17 via news.yahoo.com
  
  By Marcy Nicholson and Jan Harvey NEW YORK/LONDON (Reuters) - Gold edged lower on Friday as some buyers cashed in recent gains, but the metal had its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite. Gold was up 2.5 percent this week after Tuesday's big rally. Falling stock markets have prompted some investors to buy the metal as an alternative asset, while a drop in the greenback made dollar-priced bullion cheaper for holders of other curr
  
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• IMF cuts Seychelles 2014 economic growth to 2.8 pct

  13-12-2014 09:37 via news.yahoo.com
  
  VICTORIA (Reuters) - The International Monetary Fund said Seychelles' economy will grow at 2.8 percent this year, lower than its initial forecast of 3.7 percent, due to weaker demand for the country's main exports. The Indian Ocean archipelago relies on exports of canned tuna and its tourism business for hard currency earnings. A surge in imports, driven by better incomes and access to credit, had put further pressure on the exchange rate, which weakened 11 percent between August and O
  
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• UPDATE 2-Korean Air chief steward in nut row says insulted, forced to kneel

  13-12-2014 09:22
  SEOUL, Dec 13 (Reuters) - The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and...
  
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• Vanke voices uncertainty over China's property market recovery

  13-12-2014 08:24
  HONG KONG, Dec 13 (Reuters) - China's largest residential developer, China Vanke Co Ltd, said on Saturday that many cities were still suffering excess housing supply, giving a less optimistic view...
  
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• China's planned trust insurance fund to start with $6.5 bln - paper

  13-12-2014 07:24
  SHANGHAI, Dec 13 (Reuters) - A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported...
  
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• UPDATE 5-U.S. Senate aims to vote Monday on $1.1 trln spending bill

  13-12-2014 06:04
  WASHINGTON, Dec 12 (Reuters) - The U.S. Senate on Friday struggled to pass a $1.1 trillion spending bill that would avert a looming federal government shutdown, postponing a vote until Monday when...
  
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• UPDATE 1-Korean Air chief purser in nut row says insulted, forced to kneel

  13-12-2014 05:15
  SEOUL, Dec 13 (Reuters) - The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and...
  
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• China's Tencent wins approval to start banking business

  13-12-2014 05:13
  SHANGHAI, Dec 13 (Reuters) - China's Tencent Holdings Ltd has been given approval to start its banking operations, the banking regulator said, making the internet firm the first of five recently...
  
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• Korean Air chief purser in nut row says insulted, forced to kneel

  13-12-2014 03:36
  SEOUL, Dec 13 (Reuters) - The head of cabin crew who was kicked off a Korean Air Lines flight after a company executive raged over the way she was served macadamia nuts said he was insulted and...
  
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• U.S. opts not to force N.Y. Times reporter to reveal source

  13-12-2014 03:10
  WASHINGTON, Dec 12 (Reuters) - U.S. Attorney General Eric Holder has decided not to force a New York Times reporter to divulge the identity of a confidential source for a book that detailed a failed...
  
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• UPDATE 1-New York lawyer charged in $5 mln fraud outlined in suicide note

  13-12-2014 01:58
  NEW YORK, Dec 12 (Reuters) - A New York lawyer left a suicide note admitting that he had run a $5 million Ponzi scheme and called the investments "all an illusion," prosecutors said on Friday.
  
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• UPDATE 3-Argentina bond top-up fails, reserves still under siege

  13-12-2014 01:56
  BUENOS AIRES, Dec 12 (Reuters) - Argentina's first dollar-denominated bond issue since it defaulted on its debt in July has flopped, dealing a blow to government efforts to shore up its low foreign...
  
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• Juniper, Elliott Management in talks to add more nominees to board: WSJ

  13-12-2014 01:23
  (Reuters) - Network equipment maker Juniper Networks Inc is in talks with hedge fund Elliott Management Corp about adding a number of new directors to its board, The Wall Street Journal reported on...
  
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• DIARY -Emerging Markets Economic Events to Dec 24

  13-12-2014 01:02
  ** This Diary is filed daily *** ------------------------------------------------------------- SATURDAY, DECEMBER 13
  
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• UPDATE 1-Petrobras delays unaudited financial results, cites 'new facts'

  13-12-2014 00:59
  RIO DE JANEIRO, Dec 12 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it delayed release of unaudited third-quarter financial results after new developments in an...
  
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• U.S. distillers' grains trade shrugs off Turkish rejections

  13-12-2014 00:50
  Dec 12 (Reuters) - Rejections of U.S. distillers' dried grain (DDGs) shipments, first by China and then by Turkey, are isolated events and not a sign of broader trade disruptions to come, U.S....
  
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• Wall St. hopes for targeted Dodd-Frank rollbacks next year

  13-12-2014 00:45 via news.yahoo.com
  
  (Reuters) - Republicans managed to include some rollbacks to the 2010 Dodd-Frank Wall Street reform law in major legislation in Congress this week. Experts said the victories likely do not spell the end of the law, but they predicted some narrow changes with bipartisan support could become law. Here are some of the Dodd-Frank changes bank lobbyists, congressional aides, and political observers say could have legs next year: REGIONAL BANKS Regional banks want to change the method U.S. regulators
  
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• Wall Street scores a win in Washington, eyes more victories

  13-12-2014 00:42 via news.yahoo.com
  
  By Emily Stephenson WASHINGTON (Reuters) - Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law. The question is whether bankers can keep up their winning streak. The early view is that Wall Street, insurers, and companies that deal in complex financial instruments will secure targeted victories in 2
  
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• UPDATE 1-Wall St scores a win in Washington, eyes more victories

  13-12-2014 00:39
  (Adds details on potential future rollbacks; comments from lobbyists, White House spokesman)
  
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• Facebook dumps Microsoft Web search results

  13-12-2014 00:39
  SAN FRANCISCO, Dec 12 (Reuters) - Facebook Inc has stopped including results from Microsoft Corp's Bing search engine on its social networking site.
  
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• Petrobras says unaudited financial results delayed on 'new facts'

  13-12-2014 00:35
  RIO DE JANEIRO, Dec 12 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said on Friday that it delayed the release of its unaudited third-quarter financial results after new...
  
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• Exclusive: Carlyle, Warburg Pincus in the lead to acquire DBRS - sources

  13-12-2014 00:34
  
  (Reuters) - A private equity consortium of Carlyle Group LP and Warburg Pincus LLC is in advanced talks to acquire privately held credit rating agency DBRS Ltd for more than $500 million, according...
  
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• Panama consumer prices fell in November on low fuel costs

  13-12-2014 00:32
  MEXICO CITY, Dec 12 (Reuters) - Panamanian consumer prices dropped in November compared with the prior month as plunging energy costs pushed transportation prices lower, data released by the...
  
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• UPDATE 2-Apple pacts in Canada may have raised prices - court filing

  13-12-2014 00:30
  OTTAWA/TORONTO, Dec 12 (Reuters) - Canadian consumers may have ended up paying higher prices for cellphones and wireless services because of contracts between Apple Inc's Canadian unit and domestic...
  
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• IMF looks to stave off looming Ukraine default

  13-12-2014 00:22 via news.yahoo.com
  
  The second-in-command at the International Monetary Fund heads to Ukraine this weekend to gauge whether its Western-backed leaders are committed enough to overhauling their crippled economy to justify another financial lifeline. The Fund's First Deputy Managing Director David Lipton -- a White House veteran who spearheaded the US response to the 1998 Asian financial crisis -- will arrive in a war-scarred nation that stands helpless in the face of a looming debt default. The architects of th
  
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• UPDATE 4- U.S. spending bill likely to pass Senate, may take a few days

  13-12-2014 00:19
  WASHINGTON, Dec 12 (Reuters) - The U.S. Senate looked set to pass a $1.1 trillion spending bill but it might need a few days to overcome procedural hurdles before voting on legislation that averts a...
  
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• Berkshire Hathaway buys oil logistics business Charter Brokerage

  13-12-2014 00:19
  NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it was buying oil industry logistics provider Charter Brokerage from private equity firm Arsenal Capital Partners.
  
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• UPDATE 1-Berkshire Hathaway buys oil logistics business Charter Brokerage

  13-12-2014 00:16
  NEW YORK, Dec 12 (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said it was buying oil industry logistics provider Charter Brokerage from private equity firm Arsenal Capital...
  
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• UPDATE 1-Cargill says corn sweetener supplies 'limited' -letter

  13-12-2014 00:14
  Dec 12 (Reuters) - Cargill Inc told customers supplies of corn sweetener are "limited" for 2015 and withdrew all outstanding offers, according to a letter obtained on Friday by Reuters from a sugar...
  
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• North Dakota sees low cost to comply with crude standards

  13-12-2014 00:13
  WILLISTON, N.D. Dec 12 (Reuters) - North Dakota's strict new standards for oil treatment, requiring every barrel of crude be filtered for dangerous types of natural gas, should add 10 cents to the...
  
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