Finance news

• Last U.S. holiday shopping weekend off to solid start

  20-12-2014 21:57
  CHICAGO/NEW YORK, Dec 20 (Reuters) - Shoppers filled up malls and department stores on the last weekend before Christmas, as the weather cooperated to help raise the prospect of a solid finish to a...
  
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• ECB's Coene supports government bond purchases: newspaper

  20-12-2014 20:29 via news.yahoo.com
  
  BRUSSELS (Reuters) - The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene said in an interview published on Saturday. The Belgian central bank chief said the bank had already waited too long, and that this could be one tool to spur economic activity in the 18-country euro zone and fight off deflationary pressures. "In this context, the purchase of sovereign bonds could prove t
  
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• U.S. stands by assertion that N.Korea behind Sony attack -NSC spokesman

  20-12-2014 20:20
  HONOLULU, Dec 20 (Reuters) - The United States stands by its assertion that the North Korean government was behind the massive cyberattack on Sony Pictures, a spokesman for the White House National...
  
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• REUTERS AMERICA NEWS PLAN FOR SATURDAY DEC 20

  20-12-2014 20:16
  To find stories, search by Slug or Headline Keyword in your CMS or Advanced Search in Media Express.
  
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• ECB's Coene supports government bond purchases - newspaper

  20-12-2014 20:10
  BRUSSELS, Dec 20 (Reuters) - The European Central Bank should start buying government bonds to tackle poor investor confidence and low inflation in the euro zone, governing council member Luc Coene...
  
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• DISH, Comcast SportsNet reach deal in regional dispute

  20-12-2014 19:47
  WASHINGTON, Dec 20 (Reuters) - Satellite TV provider DISH Network Corp and Comcast Corp's SportsNet have reached a deal allowing the cable giant's regional sports networks to remain on-air for DISH...
  
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• UPDATE 2-Cuba says U.S. must respect its communist system

  20-12-2014 19:13
  HAVANA, Dec 20 (Reuters) - President Raul Castro demanded on Saturday that the United States respect Cuba's communist rule as the two countries work to restore diplomatic ties, and warned that...
  
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• Egypt receives 10 Apache helicopters from U.S. - sources

  20-12-2014 18:39
  CAIRO, Dec 20 (Reuters) - Egypt received 10 Apache helicopters from the United States in the past week, security sources said on Saturday, a sign of easing tensions between the long-time allies...
  
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• Pimco still sees longer-term value in Russian bonds - paper

  20-12-2014 17:45
  FRANKFURT (Reuters) - The world's biggest bond investor Pacific Investment Management Co (Pimco) sees the economic crisis in Russia having only a limited impact on the financial system in the longer...
  
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• Cuba's Castro says he will attend Americas summit

  20-12-2014 17:07
  HAVANA, Dec 20 (Reuters) - Cuban President Raul Castro confirmed on Saturday he will participate in the Washington-backed Summit of the Americas in Panama in April, potentially setting up his first...
  
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• Opel CEO warns 2016 profit target 'by far not secured' - Bild

  20-12-2014 16:58
  FRANKFURT, Dec 20 (Reuters) - Opel's chief executive warned senior managers at the European arm of General Motors that they needed to step up their game to reach a target of returning to profit by...
  
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• Cuba sees long struggle ahead before U.S. lifts embargo

  20-12-2014 16:57 via news.yahoo.com
  
  HAVANA (Reuters) - Cuban President Raul Castro told parliament on Saturday the country faces a "long and difficult struggle" before the United States removes its economic embargo, despite the historic agreement this week to restore diplomatic ties. U.S. President Barack Obama on Wednesday reset Washington's Cold War-era policy against Cuba, but he still needs the Republican-controlled Congress to lift the embargo. (Reporting by Daniel Trotta; Editing by Mark Trevelyan)
  
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• Urenco owners test market for possible sale: official

  20-12-2014 16:45
  FRANKFURT (Reuters) - The owners of Urenco are testing the market to gauge investor interest in the uranium enrichment company, said Uwe Beckmeyer, parliamentary state secretary in the German economy...
  
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• IKEA says resumes sales of kitchen appliances in Russia

  20-12-2014 15:57
  MOSCOW, Dec 20 (Reuters) - IKEA, the world's biggest furniture retailer, said on Saturday it had resumed selling kitchen furniture and appliances in Russia after suspending sales on Thursday as it...
  
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• AstraZeneca CEO says new Pfizer bid unlikely: Swedish daily DI

  20-12-2014 14:10
  
  STOCKHOLM (Reuters) - U.S. Pfizer is unlikely to come back with a fresh bid for AstraZeneca, the Anglo-Swedish pharmaceuticals group's top executive was quoted as saying by Swedish business daily...
  
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• FEATURE-Guy Harvey, marine artist and environmentalist, fishes for growth

  20-12-2014 14:00
  ST. PETE BEACH, Fla., Dec 20 (Reuters) - Guy Harvey stared at a mural of his marine paintings - images that are reproduced on 2 million T-shirts a year - and frowned at a butterfly fish. The Pacific...
  
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• UPDATE 2-ECB's Constancio sees negative inflation rate in months ahead-magazine

  20-12-2014 13:33
  BERLIN, Dec 20 (Reuters) - European Central Bank Vice President Vitor Constancio said in a magazine interview he expected the euro zone inflation rate to turn negative in the coming months but that...
  
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• UPDATE 1-Deutsche Bank faces fine in Kirch case - Sueddeutsche Zeitung

  20-12-2014 12:33
  * Paper cites 627-page document detailing the charges
  
  (Adds prosecution statement)
  
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• Flipkart raises $700 million in fresh funding

  20-12-2014 12:24
  MUMBAI (Reuters) - Flipkart, India's largest online retailer, on Saturday said it had raised funding worth $700 million, as it tries to compete with Amazon, which is rapidly scaling up operations in...
  
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• Spain's Ferrovial to raise offer for Australia's Transfield: report

  20-12-2014 12:14
  MADRID (Reuters) - Spanish infrastructure group Ferrovial plans to raise its full takeover offer for Australia's Transfield Services Ltd, daily financial newspaper Expansion reported on Saturday,...
  
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• N.Korea proposes joint probe with the U.S. into Sony cyber attack - KCNA

  20-12-2014 11:31
  SEOUL, Dec 20 (Reuters) - North Korea proposed a joint investigation with the United States on the cyber attack against Sony Pictures, calling the charge by the FBI that it was behind the attack...
  
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• UPDATE 1-Magnitude 5.9 earthquake hits Japan's Honshu island - USGS

  20-12-2014 11:19
  TOKYO, Dec 20 (Reuters) - A 5.9 magnitude earthquake hit Japan's Honshu island on Saturday, the U.S. Geological Survey said, shaking Fukushima where crippled nuclear power plants are located, but...
  
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• Kazakhstan sticks to 2014 oil output plan despite Tengiz fall

  20-12-2014 10:27
  ASTANA/ALMATY, Dec 20 (Reuters) - Kazakhstan still expects to produce 81.8 million tonnes (1.64 million barrels per day) of crude this year, nearly unchanged from 2013, despite less oil from the...
  
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• Italy's Renzi wins confidence vote to pass budget in Senate

  20-12-2014 09:35
  * Budget moves on to lower house, must pass by end of year
  
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• China cuts red-tape for foreign bank branch openings, RMB business

  20-12-2014 09:20
  SHANGHAI, Dec 20 (Reuters) - China has cut red-tape for foreign bank branch openings and entry into renminbi business, state media said on Saturday, the latest in a series of measures to liberalise...
  
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• Nigerian growth to slow, inflation to rise in 2015: IMF

  20-12-2014 09:07 via news.yahoo.com
  
  ABUJA (Reuters) - Nigeria's growth rate is expected to slow to about 5 percent in 2015 as falling oil prices cut revenues and spending, the International Monetary Fund said on Friday. Africa's biggest economy will have to rely more on businesses outside its core oil sector in the medium term -- agriculture, trade, and services all helped it grow 6.1 percent in the third quarter of 2014, the fund added. Nigeria has been battered by the more than 45 percent decline in crude prices since
  
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• UPDATE 1-China's Xi preaches diversification in gambling hub Macau

  20-12-2014 09:01
  MACAU, Dec 20 (Reuters) - Chinese President Xi Jinping on Saturday urged the world's biggest gambling hub, Macau, to accelerate diversification away from its bread-and-butter casino industry, which...
  
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• ECB's Constancio sees negative inflation rate in months ahead-magazine

  20-12-2014 08:19
  BERLIN, Dec 20 (Reuters) - ECB Vice President Vitor Constancio said in a German magazine interview that he expected the inflation rate to turn negative in the coming months but added that if this was...
  
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• WRAPUP 9-Obama vows U.S. response to N.Korea over Sony cyberattack

  20-12-2014 07:03
  WASHINGTON, Dec 19 (Reuters) - President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for...
  
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• UPDATE 2-Sony Pictures CEO says had no choice but to pull 'The Interview'

  20-12-2014 03:39
  (Recasts fist paragraph, adds additional comments from Sony's Lynton)
  
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• UPDATE 1-Hovensa refinery deal rejected over contract breach doubts

  20-12-2014 03:12
  (Adds confirmation that Hovensa will stop selling fuel on the island in paragraphs 3-4)
  
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• U.S. judge rejects HP settlement in Autonomy shareholder case

  20-12-2014 02:55
  
  SAN FRANCISCO (Reuters) - A federal judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving the information technology company's botched acquisition of...
  
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• UPDATE 2-U.S. judge rejects HP settlement in Autonomy shareholder case

  20-12-2014 02:47
  SAN FRANCISCO, Dec 19 (Reuters) - A federal judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving the information technology company's botched...
  
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• UPDATE 2-U.S. FDA approves AbbVie hepatitis C drug, costs $83,319 for 12 weeks

  20-12-2014 02:02
  Dec 19 (Reuters) - U.S. health regulators on Friday approved AbbVie's all-oral treatment for hepatitis C, and the company said the drug would cost $83,319 for a typical 12-week plan, a bit below its...
  
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• Cuba expects stronger growth as relations with U.S. improve

  20-12-2014 01:57
  HAVANA, Dec 19 (Reuters) - Cuba said on Friday its economy will grow a healthy 4 percent in 2015, apparently banking on improved diplomatic and economic relations with the United States to pull it...
  
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• UPDATE 2-Sony trying to find alternatives to release 'The Interview'

  20-12-2014 01:36
  LOS ANGELES, Dec 19 (Reuters) - Sony Pictures said on Friday it is looking for alternatives to release "The Interview" after it scrapped the Christmas Day theatrical opening of the screwball comedy...
  
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• UPDATE 1-Brazil to scrap support for development bank in 2015

  20-12-2014 01:21
  (Recasts to detail decision on BNDES support; adds background from paragraph 4)
  
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• WRAPUP 8-Obama vows U.S. response to N.Korea over Sony cyberattack

  20-12-2014 01:21
  WASHINGTON, Dec 19 (Reuters) - President Barack Obama vowed on Friday to respond to a devastating cyberattack on Sony Pictures that he blamed on North Korea, and scolded the Hollywood studio for...
  
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• Raytheon wins $2.4 billion contract for Qatar Patriot system

  20-12-2014 01:12
  WASHINGTON (Reuters) - U.S. weapons maker Raytheon Co has won a contract valued at $2.4 billion to supply 10 Patriot missile defense systems to Qatar, which is beefing up its defenses to counter a...
  
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• Wristband maker Fitbit in talks with banks for IPO: Bloomberg

  20-12-2014 01:10
  (Reuters) - Fitness tracking wristband maker Fitbit Inc is in talks with banks for its initial public offering in the United States, Bloomberg reported, citing people familiar with the matter.
  
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• UPDATE 1-Raytheon wins $2.4 bln contract for Qatar Patriot system

  20-12-2014 01:09
  WASHINGTON, Dec 19 (Reuters) - U.S. weapons maker Raytheon Co has won a contract valued at $2.4 billion to supply 10 Patriot missile defense systems to Qatar, which is beefing up its defenses to...
  
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• DIARY -Emerging Markets Economic Events to Dec 29

  20-12-2014 01:02
  ** This Diary is filed daily *** -------------------------------------------------------------
  
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• CORRECTED-China, responding to Sony hack, says does not support 'cyber illegalities'

  20-12-2014 00:59
  (Corrects paragraph two to show statement came from Chinese Foreign Ministry and was passed to Reuters by embassy in Washington)
  
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• WRAPUP 7-Obama vows U.S. response to N.Korea over Sony cyberattack

  20-12-2014 00:50
  (Adds Sony statement, Obama urges Congress to boost cyber security)
  
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• U.S. judge rejects HP settlement in Autonomy shareholder litigation

  20-12-2014 00:48
  SAN FRANCISCO, Dec 19 (Reuters) - A U.S. judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving HP's botched acquisition of Autonomy Plc.
  
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• AbbVie says newly approved hepatitis C treatment costs $83,319

  20-12-2014 00:45
  Dec 19 (Reuters) - An AbbVie Inc spokeswoman on Friday said that the company's newly approved hepatitis C treatment will cost $83,319 for a 12-week course, coming in a bit below the price of...
  
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• UPDATE 1-Washington is limited in its response to N. Korea over Sony hack

  20-12-2014 00:40
  WASHINGTON/SEOUL, Dec 19 (Reuters) - President Barack Obama's threat of a "proportional" response to North Korea's hacking of Sony Pictures shows once more the limits of Washington's options as it...
  
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• Hasbro and Xerox are big market movers

  20-12-2014 00:40 via news.yahoo.com
  
  Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Teekay Tankers Ltd., down 70 cents to $4.70 The ocean-freight hauler is buying ...
  
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• Argentina moves forward with $1.84 bln Neuquen dam project

  20-12-2014 00:39
  BUENOS AIRES, Dec 19 (Reuters) - Argentina has held a preliminary auction to award the contract to build a $1.84 billion hydroelectric dam in the southern province of Neuquen, the country's Planning...
  
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• U.S. reaches out to China, others, for help on Sony hack

  20-12-2014 00:39
  WASHINGTON, Dec 19 (Reuters) - The United States has sought help from China, Japan, South Korea and Russia in combating cyber attacks such as the one Washington on Friday accused North Korea of...
  
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