Finance news

• Ukraine presses EU for more aid, blasts Russia

  15-12-2014 23:57 via news.yahoo.com
  
  "It is difficult for us to fight with a nuclear state which is armed to the teeth," Ukraine Prime Minister Arseniy Yatsenyuk said after the meeting. Russia's intervention in eastern Ukraine and its March annexation of Crimea meant his country had lost 10 percent of its economic base, a huge challenge in any circumstances and doubly so when under pressure for reforms from Brussels, Yatsenyuk said. "We believe we will get this financial aid (so as) to make Ukraine a success sto
  
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• Oil prices slide to new five-year lows

  15-12-2014 23:47 via news.yahoo.com
  
  Global oil prices slid to new multi-year lows Monday after a top OPEC official suggested that speculation largely was driving the market lower, indicating the cartel would keep output unchanged. Oil staged a small rally in early European trading from steep losses last week but that quickly evaporated, roiling European stock markets. Oil prices have plunged roughly 50 percent since June, weighed down by plentiful supplies, the stronger dollar and weak demand arising from the struggling global eco
  
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• Russian rouble jumps after Russian central bank rate hike

  15-12-2014 23:42
  SYDNEY, Dec 16 (Reuters) - The Russian rouble jumped against the U.S. dollar on Tuesday after the Russian central bank raised its key interest rate to 17 percent from 10.5 percent to boost its...
  
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• UPDATE 1-Ex-Madoff manager sentenced to six years prison for fraud

  15-12-2014 23:38
  (Adds quotes, details from sentencing hearing, background)
  
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• UPDATE 1-Boralex to buy Enel Green Power for C$400 mln

  15-12-2014 23:36
  Dec 15 (Reuters) - Renewable energy company Boralex Inc said it offered to buy the French subsidiary of Enel Green Power SpA for C$400 million (about $343 million) to expand in France.
  
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• NAB sells $1.9 billion UK commercial real estate loans

  15-12-2014 23:28
  SYDNEY (Reuters) - National Australia Bank will sell 1.2 billion pounds ($1.88 billion) of mostly non-performing UK commercial property loans to private equity firm Cerberus Global Investors as it...
  
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• Russian cenbank raises key interest rate to 17 pct from 10.5 pct

  15-12-2014 23:17
  MOSCOW, Dec 16 (Reuters) - Russian central bank has decided to hike its key interest rate to 17 percent from 10.5 percent, it said in a statement.
  
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• Ex-Madoff manager gets six years prison for fraud

  15-12-2014 23:15
  NEW YORK, Dec 15 (Reuters) - A former manager at Bernard Madoff's firm was sentenced to six years in prison on Monday for helping her now imprisoned boss carry out his multibillion dollar Ponzi...
  
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• CANADA FX DEBT-C$ sheds more than 1/2 cent as oil takes another drubbing

  15-12-2014 23:06
  * Canadian dollar at C$1.1656 or 85.79 U.S. cents * Bond prices mixed across the maturity curve By Solarina Ho TORONTO, Dec 15 (Reuters) - The Canadian dollar fell through C$1.16 to its weakest level...
  
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• Foreigners sell long-term U.S. assets in Oct; equity outflows seen

  15-12-2014 23:05
  NEW YORK (Reuters) - Foreigners sold long-term U.S. securities in October after making massive purchases the previous month, data from the U.S. Treasury Department showed on Monday.
  
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• UPDATE 1-Foreigners sell long-term US assets in Oct; equity outflows seen

  15-12-2014 22:55
  NEW YORK, Dec 15 (Reuters) - Foreigners sold long-term U.S. securities in October after making massive purchases the previous month, data from the U.S. Treasury Department showed on Monday.
  
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• Talisman and PetSmart big market movers

  15-12-2014 22:49 via news.yahoo.com
  
  Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Talisman Energy Inc., up 83 cents to $5.12 The energy company confirmed that it ...
  
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• REFILE-UPDATE 2-Coca-Cola shareholder says CEO Kent should be replaced

  15-12-2014 22:47
  Dec 15 (Reuters) - Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced."
  
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• Ukrainian PM appeals to EU for immediate financial aid

  15-12-2014 22:44 via news.yahoo.com
  
  By Adrian Croft BRUSSELS (Reuters) - Ukrainian Prime Minister Arseny Yatseniuk appealed to the European Union for urgent financial aid on Monday, saying the government was doing all it could to fix a shattered economy but needed help. A year of revolution and war with pro-Russian separatists has pushed Ukraine's hryvnia currency to record lows and crippled the economy, which was already near bankruptcy after years of corruption and economic mismanagement. Asked when Ukraine needed new finan
  
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• Australia shares set to fall for 6th straight session

  15-12-2014 22:38
  SYDNEY, Dec 16 (Reuters) - Australian shares will likely fall for a sixth straight session on Tuesday, tracking weakness in Wall Street and plummeting oil prices. The local share price index futures...
  
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• GLOBAL MARKETS-Oil slide roils emerging markets, stocks fall anew

  15-12-2014 22:29
  * Treasury yields edge higher, dollar weakens against yen (Adds close of U.S. markets)
  
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• UPDATE 1-GT Advanced Tech modifies bankruptcy deal with Apple

  15-12-2014 22:28
  Dec 15 (Reuters) - GT Advanced Technologies Inc altered its settlement with former partner Apple Inc to produce more near-term cash to support its emergence from bankruptcy, a lawyer for the sapphire...
  
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• TRLPC: Merck looks for $8B bridge for Cubist acquisition

  15-12-2014 22:24
  NEW YORK, Dec 15 (Reuters) - Merck & Co Inc is approaching banks about an $8 billion, 364-day bridge loan that will back the drugmaker's plans to acquire Cubist Pharmaceuticals Inc, sources told...
  
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• EaBoralex to buy Enel Green Power for C$400 million

  15-12-2014 22:21
  (Reuters) - Renewable energy company Boralex Inc said it offered to buy Enel Green Power France SAS for C$400 million (about $343 million) to expand in France.
  
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• Wall Street ends lower in volatile day; oil falls further

  15-12-2014 22:07 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks ended lower in a volatile session on Monday as oil prices extended their selloff, adding to worries about weak global demand.
  
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• Foreign investors sell long-term U.S. assets in October

  15-12-2014 22:07
  NEW YORK, Dec 15 (Reuters) - Foreigners sold long-term U.S. securities in October after making massive purchases the previous month, data from the U.S. Treasury Department showed on Monday.
  
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• MOVES-Cargill's top prop trader leaves commodities firm

  15-12-2014 21:34
  NEW YORK, Dec 15 (IFR) - Cargill's head of proprietary trading for emerging and developed markets, Alejandro Russo, left the US commodities giant on December 1, a source with direct knowledge of the...
  
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• Obama says he'll sign government spending bill passed by Congress

  15-12-2014 21:21
  FORT DIX, N.J., Dec 15 (Reuters) - President Barack Obama said on Monday he planned to sign a $1.1 trillion spending bill that was passed over the weekend by Congress to lift the threat of a...
  
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• Top American Realty Capital executives leave; shares fall

  15-12-2014 21:20
  NEW YORK (Reuters) - American Realty Capital Properties Inc, the real estate investment trust that creates alternative investments sold to retail investors, said on Monday that Executive Chairman...
  
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• Bond investor Gross of Janus Capital says TIPS look 'great': CNBC

  15-12-2014 21:15
  NEW YORK (Reuters) - Bill Gross, the closely-watched bond investor, said Monday that Treasury inflation-protected securities looked "great" and that high-yield corporate bonds were not a great bet at...
  
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• Wall Street dips in volatile trade; oil prices fall further

  15-12-2014 21:10 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks were down slightly in volatile trading on Monday afternoon as investors assessed the impact of another big drop in oil prices. U.S. crude fell 3.3 percent to settled at $55.91, hitting fresh 5-1/2 year lows. Both U.S. crude and Brent have fallen nearly 50 percent from highs in June. The S&P 500 energy index bounced between positive and negative territory and was last down 0.5 percent, while financials and utilities were among the bigg
  
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• The sharing economy: Will self-regulation by startups suffice to protect consumers?

  15-12-2014 20:53 via news.yahoo.com
  
  Regulation and the "sharing economy" was the topic of a recent panel discussion in the U.S. House of Representatives. Alex Howard summarizes the highlights.
  
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• Obama administration says no decision yet on Russia sanctions bill

  15-12-2014 20:53 via news.yahoo.com
  
  WASHINGTON (Reuters) - The Obama administration is looking at a bill that would authorize new sanctions on Russia over its activities in Ukraine, and has not yet made a decision on whether the president will sign the measure, a senior administration official said on Monday. The official said the administration "remains deeply concerned" about Russia's aggressive actions in Ukraine. But the administration also feels it is important that any sanctions regime maintains a united front
  
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• BT opts for EE over O2 for $19.6 billion UK mobile deal

  15-12-2014 20:47
  
  LONDON (Reuters) - BT has entered exclusive talks with the owners of EE for a potential 12.5 billion pound ($19.6 billion) deal to give the former UK state telecoms firm the top position in mobile as...
  
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• Vice Media plans 'deal spree' in 2015, possible IPO: FT

  15-12-2014 20:39
  (Reuters) - Vice Media will go on a "deal spree" next year and may explore an initial public offering, the Financial Times reported citing an interview with the youth-focused digital content...
  
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• GT Advanced Tech modifies bankruptcy deal with Apple

  15-12-2014 20:39
  Dec 15 (Reuters) - GT Advanced Technologies Inc
  modified its bankruptcy settlement with former partner Apple Inc
  to produce more near-term cash and winning the support
  of key creditors, a lawyer...
  
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• Deutsche Telekom CEO says expects deal with BT in first quarter

  15-12-2014 20:20
  
  MANNHEIM, Germany (Reuters) - Deutsche Telekom said on Monday it expects to complete negotiations over the sale of its British mobile telephone subsidiary EE to BT in the first quarter of 2015.
  
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• UPDATE 5-Rouble in sharpest fall since 1998 as storm clouds gather for Putin

  15-12-2014 20:13
  * Putin's popularity in part based on stability (Adds rouble in U.S. trading, Moscow Exchange comment)
  
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• Central banks, oil price rout to rule markets in 2015

  15-12-2014 19:58 via news.yahoo.com
  
  Addicted to liquidity and disconnected from the real economy, global markets are likely to dance in 2015 to the different monetary policy tunes played by the US Fed, the ECB and China, while plunging oil prices could spice up the mix. In 2015, "like the last seven years, it is the central bank interventions which will have an influence over the markets," said Romain Boscher, a stock portfolio manager at Amundi. For the past several years central banks have tried to stimulate stalled ec
  
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• World Bank urges Egypt to make reforms before investor conference

  15-12-2014 19:40
  CAIRO, Dec 15 (Reuters) - A senior World Bank official on Monday called on Egypt to implement promised legal and bureaucratic reforms ahead of an international conference in March where the...
  
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• Greek central bank chief warns of "irreparable" damage risk from crisis

  15-12-2014 19:37
  ATHENS, Dec 15 (Reuters) - Greece's economy faces the risk of "irreparable" damage as the political crisis of recent days takes increasingly serious proportions, the country's central bank chief said...
  
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• Oil worries wipe out early European stock gains

  15-12-2014 19:18 via news.yahoo.com
  
  European stocks tumbled on Monday, wiping out gains early in the day spurred by a modest and short-lived rebound in oil prices, as concerns over global crude demand persisted. Low oil prices and the impact of Western sanctions especially took a toll on Russia, which saw its ruble plummet by 9.5 percent amid warnings of a steep economic contraction of 4.8 percent next year if crude prices do not climb. After slight increases earlier in the day, Brent North Sea crude for delivery in January was do
  
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• Government seeks to lock in budget goals as election nears

  15-12-2014 18:56 via news.yahoo.com
  
  By Jonathan Spicer and William James NEW YORK/POOLE, England (Reuters) - Britain's government promised on Monday to put its ambitious budget targets on a more formal footing, in a largely political move by Conservative Chancellor George Osborne to embarrass the opposition Labour party. Cutting Britain's budget deficit has been the main economic goal of the coalition government since it came to power in 2010, and Osborne wants to keep it at the top of the agenda in the run-up to a natio
  
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• As Ukraine truce holds, Russia vows economic pain

  15-12-2014 18:55 via news.yahoo.com
  
  KIEV, Ukraine (AP) — Fighting in eastern Ukraine between government troops and Russian-backed separatist forces has ground almost to halt. That should be good news for Ukraine, but Russia looks intent to pile on the economic misery.
  
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• BRIEF-ABO Group Environment signs agreement for sale of Biocogen bvba

  15-12-2014 18:54
  * Says on Dec. 12, an agreement was signed for sale of
  Biocogen bvba
  
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• European shares sink as oil slump fuels deflation fears

  15-12-2014 18:52
  * FTSEurofirst 300 ends down 2.4 pct, loses 8.2 pct in 6 days
  
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• FTSE hits 18-month closing low as commodity stocks sink

  15-12-2014 18:48
  LONDON, Dec 15 (Reuters) - Britain's top equity index ended at its lowest closing level in nearly 18 months on Monday as commodity stocks surrendered early gains and fell sharply after a retreat in...
  
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• India's SpiceJet seeks government support as it battles to keep flying

  15-12-2014 18:45
  NEW DELHI, Dec 15 (Reuters) - Indian airline SpiceJet Ltd has asked the government and aviation regulators for concessions that would allow the cash-strapped carrier to keep flying, the minister of...
  
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• Wall Street slides along with crude prices

  15-12-2014 18:42 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks slid on Monday with investors shunning risk as oil prices tumbled to fresh 5-1/2 year lows.
  
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• Goldman files for a new batch of exchange-traded funds

  15-12-2014 18:34 via news.yahoo.com
  
  By Ashley Lau (Reuters) - Goldman Sachs Group Inc has filed for a slew of new exchange-traded funds, most of them alternative, another step by the Wall Street bank in its pursuit of the fast-growing, nearly $2 trillion U.S. ETF market. In a filing with the U.S. Securities and Exchange Commission dated Friday, Goldman outlined plans for 11 ETFs, including six funds it dubbed "ActiveBeta" and five hedge fund-themed funds, all of which are passively managed. Among the new funds are those
  
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• Fed likely to note gains but signal no rate hike

  15-12-2014 18:30 via news.yahoo.com
  
  WASHINGTON (AP) — A resurgent U.S. economy has emerged from a long struggle with high unemployment and weak growth. And the Federal Reserve seems poised to recognize the sustained improvement.
  
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• European stocks close sharply lower

  15-12-2014 18:27 via news.yahoo.com
  
  London (AFP) - Europe's main stock markets closed down sharply Monday as concerns over low oil prices persisted, with London's benchmark FTSE 100 index sliding 1.87 percent to end the day at 6,182.72 points.
  
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• Lehman trustee petitions Supreme Court over Barclays dispute

  15-12-2014 18:23 via news.yahoo.com
  
  (Reuters) - The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc . Lehman, once Wall Street's fourth-largest investment bank, had $639 billion of assets when it filed for Chapter 11 protection in September 2008. The British bank won court approval to buy much of Lehman's brokerage business. ...
  
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• French private pension shortfall risks growing - watchdog

  15-12-2014 18:07
  PARIS, Dec 15 (Reuters) - The shortfall in France's system of private-sector supplementary pension provisions risks growing faster than forecast, according to a report by France's Cour des Comptes...
  
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• Oil price slide roils emerging markets, stocks fall

  15-12-2014 17:45 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - Oil prices plumbed 5-1/2-year lows on Monday, pulling down emerging market assets and boosting demand for the safe-haven yen, while global equity markets slipped further after last week's rout amid nagging worries about worldwide growth. Stocks on Wall Street opened higher but soon retreated as crude oil prices gave up early gains after the Organisation of the Petroleum Exporting Countries restated its determination not to cut output despite a global ene
  
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