Finance news

• Maduro sees Venezuela's 2014 inflation at 64 percent

  30-12-2014 23:59
  CARACAS, Dec 30 (Reuters) - Venezuela's inflation rate is expected to be 64 percent for 2014, President Nicolas Maduro said on Tuesday.
  
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• UPDATE 2-Venezuela confirms recession, highest inflation in Americas

  30-12-2014 23:55
  CARACAS, Dec 30 (Reuters) - Venezuela confirmed on Tuesday it had entered a recession while inflation remained the highest in the Americas, and President Nicolas Maduro's socialist government blamed...
  
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• Venezuela confirms economy fell into recession

  30-12-2014 23:55 via news.yahoo.com
  
  CARACAS, Venezuela (AP) — Venezuela's socialist government has confirmed that the economy fell into a deep recession this year but blamed the slump on opponents trying to sabotage activity in the oil-rich nation.
  
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• Fees, expenses for Detroit bankruptcy hit nearly $178 million

  30-12-2014 23:52
  Dec 30 (Reuters) - Detroit's historic bankruptcy, which officially ended earlier this month, cost the city nearly $178 million in fees and expenses for teams of lawyers and consultants, according to...
  
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• Buy Online And Make Returns To A Store: The Customer Preference

  30-12-2014 23:30 via news.yahoo.com
  
  Most retailers are familiar with “shopping bulimics” – the consumers who make purchases and promptly return their merchandise. Retail consultant Kurt Salmon told the Wall Street Journal in an article last year that one third of all Internet transactions result in returns. While this might not be the best-case scenario for retailers, some of whom […]
  
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• UPDATE 1-Venezuela confirms recession, inflation hits 63.6 percent in Nov

  30-12-2014 22:47
  (Adds central bank statement, comment by opposition leader, data)
  
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• UPDATE 1-Pimco fires money manager after CME Group violation

  30-12-2014 22:46
  NEW YORK, Dec 30 (Reuters) - California-based bond firm Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading...
  
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• UPDATE 1-BP says reviewed forex desk in light of regulatory probe

  30-12-2014 22:40
  Dec 30 (Reuters) - BP reviewed the activities of its in-house foreign exchange traders, the British oil and gas group said on Tuesday, after the Financial Times reported that BP was investigating...
  
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• GLOBAL MARKETS-Shares slip in low-volume trading; safe-havens rise

  30-12-2014 22:36
  * Euro near 2-1/2 year low * Oil near recent lows, copper ticks higher * Greek bond yields steady after angst over early poll (Updates to NEW YORK close, changes prices) By Rodrigo Campos NEW YORK,...
  
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• Global markets fall as New Year holiday nears

  30-12-2014 22:28 via news.yahoo.com
  
  NEW YORK (AP) — Lingering concerns about the political future of Greece pushed U.S. and global stock markets modestly lower on Tuesday.
  
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• CANADA FX DEBT-C$ firms modestly at the end of dismal 2014

  30-12-2014 22:23
  * Canadian dollar at C$1.1607 or 86.15 U.S. cents * Bond prices higher across the maturity curve (Adds details, quotes, updates prices) By Leah Schnurr OTTAWA, Dec 30 (Reuters) - The Canadian dollar...
  
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• Venezuela confirms recession, inflation hits 63.6 pct in Nov

  30-12-2014 22:12
  CARACAS, Dec 30 (Reuters) - Venezuela entered a recession in 2014, with the economy shrinking in the first three quarters, the Central Bank said on Tuesday, releasing long-awaited data in the OPEC...
  
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• Icahn-backed CVR may pursue Wachtell Lipton malpractice case

  30-12-2014 21:57
  NEW YORK (Reuters) - A federal judge has rejected Wachtell, Lipton, Rosen & Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a...
  
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• Pimco fires money manager after CME Group violation

  30-12-2014 21:53
  
  NEW YORK (Reuters) - California-based bond giant Pimco has dismissed money manager Rahul Seksaria after CME Group Inc, the world's largest futures market operator, fined him for a trading violation.
  
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• BP probing its financial traders in forex rigging scandal -FT

  30-12-2014 21:44
  Dec 30 (Reuters) - British oil and gas group BP is investigating whether its in-house traders were involved in rigging the foreign exchange market, the Financial Times reported, citing a person...
  
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• GLOBAL MARKETS-Shares slip in low-volume market; safe-havens rise

  30-12-2014 21:42
  * Euro near 2-1/2 year low * Oil near recent lows, copper ticks higher * Yen rallies, Nikkei drops * Greek bond yields steady after angst over early poll (Updates prices) By Rodrigo Campos NEW YORK,...
  
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• Speculators trim net shorts in U.S. 10-year T-note futures -CFTC

  30-12-2014 21:40
  Dec 30 (Reuters) - Speculators' net bearish bets on U.S. 10-year Treasury note futures fell in the latest week from their highest level in more than 4-1/2 years, according to Commodity Futures...
  
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• Washington, D.C. CFO cuts revenue forecast for fiscal 2015

  30-12-2014 21:36 via news.yahoo.com
  
  WASHINGTON (Reuters) - The chief financial officer of Washington, D.C. cut his projections for the district's revenue this fiscal year by $83.4 million, in a report released on Tuesday. The projected total revenue of $6.58 billion would still be 4.3 percent more than that collected in fiscal 2014, according to the independent CFO, Jeffrey Dewitt. Fiscal 2015 started on Oct. 1 in Washington. In fiscal 2014, income tax revenue dropped for the district and many places across the country, in reactio
  
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• UPDATE 9-Bodies, debris from missing AirAsia plane pulled from sea off Indonesia

  30-12-2014 21:21
  * Search operation to go on all night (Adds lower number of bodies recovered, paragraph 3)
  
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• Investors eye 2015 with big appetite for hedge funds: report

  30-12-2014 21:19
  BOSTON (Reuters) - Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on...
  
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• Sri Lanka raises deposit rate for over-60s to 12 pct before election

  30-12-2014 21:04
  COLOMBO, Dec 30 (Reuters) - Sri Lanka's central bank on Tuesday raised fixed deposit rates for some savers aged over 60 to 12 percent, as promised in the 2015 budget and ahead of a Jan. 8 snap...
  
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• U.S. Fed reverse repo award rebounds from year low

  30-12-2014 20:08
  NEW YORK, Dec 30 (Reuters) - The U.S. Federal Reserve on Tuesday awarded $39.62 billion of overnight fixed-rate reverse repurchase agreements to 32 bidders at an interest rate of 0.05 percent, the...
  
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• GLOBAL MARKETS-Shares off in low-volume markets; safe-havens rise

  30-12-2014 20:07
  * Stocks down in Europe, Wall Street; euro near 2-1/2 year low * Oil near recent lows, copper ticks up * Yen rallies, Nikkei drops * Greek bond yields steady after angst over early poll (Updates...
  
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• Hedge fund bond-buying on Oct. 15 drove market turmoil -Fed survey

  30-12-2014 20:01
  WASHINGTON, Dec 30 (Reuters) - Hedge funds piled into U.S. bonds on the morning of Oct. 15 as global growth fears and other concerns sparked a short-lived bout of turmoil in world markets, according...
  
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• UPDATE 2-NeuroDerm shares double as Parkinson's drug shows promise

  30-12-2014 19:56
  * Higher dose can be alternative to treatments needing surgery
  
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• UPDATE 1-'Smart' ETFs collect assets, but not winning records

  30-12-2014 19:56
  (Adds info about ETF.com analysis of performance, widens coding; recasts first paragraph to fix grammatical)
  
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• UPDATE 1-Zambia mines minister says mining royalty hike will remain

  30-12-2014 19:50
  LUSAKA, Dec 30 (Reuters) - Zambia will hike royalty rates on open pit and underground mining beginning on Thursday, the country's mines minister said on Tuesday, despite industry concerns of shaft...
  
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• Court orders Argentina's YPF to disclose contract with Chevron

  30-12-2014 19:46
  BUENOS AIRES, Dec 30 (Reuters) - An Argentine judge on Tuesday ordered the state-controlled energy firm YPF to fully disclose details of its contract with Chevron Corp sought by an opposition...
  
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• UPDATE 1-U.S. issues first guidance on what petroleum can be exported

  30-12-2014 19:43
  WASHINGTON, Dec 30 (Reuters) - The Obama administration released on Tuesday a long-awaited explanation of what petroleum is allowed to be shipped under the contentious 40-year ban on exports of most...
  
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• UPDATE 7-Kremlin critic Navalny given suspended sentence, brother jailed

  30-12-2014 19:36
  * Kremlin denies it uses courts to persecute opponents (Adds police dispersing rally, detaining over 100, U.S. comment)
  
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• US condemns sentencing of Kremlin critic Navalny

  30-12-2014 19:28
  WASHINGTON, Dec 30 (Reuters) - The U.S. State Department strongly condemned a suspended sentence handed to Kremlin critic Alexei Navalny and the jailing of his brother, Oleg, by a Russian court on...
  
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• Wall Street retreats from record levels; utilities fall

  30-12-2014 19:27 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent rally lost steam, and the trend of modest moves and low volume continued heading into the final trading day of the year.
  
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• U.S. says Noble Energy deal should move forward, boosts energy security

  30-12-2014 19:26
  WASHINGTON, Dec 30 (Reuters) - The United States supports moving forward with offshore natural gas deals in the Mediterranean involving the U.S. company Noble Energy, a State Department spokesman...
  
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• US STOCKS-Wall St retreats from record levels; utilities fall

  30-12-2014 19:24
  * Indexes off: Dow 0.27 pct, S&P 500 0.36 pct, Nasdaq 0.49 pct (Updates to afternoon trading, changes byline)
  
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• Goldman tops UK banker pay with $4.7 million awarded for 2013

  30-12-2014 18:48
  
  LONDON (Reuters) - Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday...
  
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• 'Smart' ETFs collect assets, but not winning records

  30-12-2014 18:46
  Dec 30 (Reuters) - The fastest-growing segment of the exchange-traded fund market, so-called "smart beta" funds, are sold as index funds but are actively - sometimes frenetically - traded portfolios...
  
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• UPDATE 1-Nearly 6.5 mln people in 2015 HealthCare.gov plans - U.S. agency

  30-12-2014 18:44
  Dec 30 (Reuters) - Nearly 6.5 million people either selected or were enrolled in a new individual insurance plan for 2015 on the HealthCare.gov website through Dec. 26, the U.S. government health...
  
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• Energy woes, year-end caution hit European shares

  30-12-2014 18:41
  * FTSEurofirst 300 down 1 pct, last full trading day of 2014
  
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• Goldman tops UK banker pay with $4.7 mln awarded for 2013

  30-12-2014 18:40
  * Goldman tops London banker pay league based on 2013 data * Data show 3.4 bln stg paid out to 2,600 top bankers at 13 banks * Goldman, Bank of America paid most in bonuses vs fixed pay By Steve...
  
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• RPT-ICE gets tough on 'disruptive trading' practices

  30-12-2014 18:38
  Dec 30 (Reuters) - Intercontinental Exchange Inc will prohibit disruptive trading practices in its futures marketplace, as it looks to tackle an illegal manipulative trading strategy known as...
  
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• Judge approves Atlantic City tax deal with Revel Casino

  30-12-2014 18:35
  Dec 30 (Reuters) - A federal judge said on Tuesday she would approve a $26 million settlement between Atlantic City and the Revel Casino Hotel that will provide much-needed cash for New Jersey's...
  
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• Small parties to play outsized role in Greek election

  30-12-2014 18:32
  * Centrist To Potami a possible ally for anti-bailout Syriza
  
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• Pom Wonderful wins trademark ruling over rival pomegranate drink

  30-12-2014 18:27
  Dec 30 (Reuters) - A federal appeals court said on Tuesday the pomegranate juice maker Pom Wonderful LLC may try to stop a rival from selling a pomegranate-flavored energy drink labeled "pm," in a...
  
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• ICE gets tough on 'disruptive trading' practices

  30-12-2014 18:24
  Dec 30 (Reuters) - Intercontinental Exchange Inc will prohibit disruptive trading practices in its futures marketplace, as it looks to tackle an illegal manipulative trading strategy known as...
  
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• U.S. T-bill rates stay negative as year-end approaches

  30-12-2014 18:17
  NEW YORK, Dec 30 (Reuters) - Interest rates on ultra short-dated U.S. Treasury bills stayed in negative territory on Tuesday due to typical year-end demand for near risk-free cash-like products.
  
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• Global shares fall in thinly traded markets; safe-havens up

  30-12-2014 17:51 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - A wave of risk aversion swept through global markets on Tuesday, magnifying moves as light-volume end-of-year trades focussed on worries about Greece's future in the euro zone, pushing shares lower and lifting the safe-haven yen, silver and gold. Oil prices hit new 5-1/2 year lows, while copper rose for the first session in five after hitting its lowest in 4-1/2 years on Monday. Wall Street, where the S&P 500 notched its latest record high on Monda
  
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• REFILE-GLOBAL MARKETS-Shares fall in thinly traded markets; safe-havens up

  30-12-2014 17:48
  (Refiles to fix GLOBAL MARKETS tag in headline) * Stocks down in Europe, Wall Street; euro near 2-1/2 year low * Oil near recent lows, copper ticks up * Yen rallies, Nikkei drops * Greek bond yields...
  
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• Wall Street recedes from record levels in broad decline

  30-12-2014 17:11 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks edged lower on Tuesday, with major indexes pulling back from record levels as the recent trend of modest moves and low volume continued in the next-to-last trading day of the year. The day's losses were broad if not especially deep. All ten primary S&P 500 sectors were lower on the day, with utilities - 2014's best sector performer - leading the decline with a drop of 0.9 percent, followed by telecom, which fell 0.4 percent. Both sectors are conside
  
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• Market overview: Wall Street trading lower after weak data

  30-12-2014 16:52 via news.yahoo.com
  
  1549: US stocks are now trading firmly in the red after a subdued start following the consumer-confidence figures. The Dow, S&P and Nasdaq are all down around 0.3%. Following the data, analyst Connor Campbell ...
  
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• Greece warned political turmoil may hurt credit rating

  30-12-2014 16:39 via news.yahoo.com
  
  ATHENS, Greece (AP) — Credit rating agency Fitch said Tuesday that prolonged political uncertainty in Greece could hurt its sovereign rating, while the country's deputy prime minister claimed a stalemate could leave Greeks with "no economy."
  
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