Finance news

• Cohen's private investments deliver strong 7.5 percent gain in first quarter

  31-03-2015 23:34
  
  BOSTON (Reuters) - Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund...
  
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• GLOBAL MARKETS-Euro posts record quarterly drop; Wall St ends day lower

  31-03-2015 23:12 via news.yahoo.com
  
  Investors are betting that the U.S. Federal Reserve will raise interest rates this year, while the European Central Bank's one-trillion-euro economic stimulus program is weakening the euro. On Wall Street, energy shares were among the biggest drags, falling in tandem with a decline in crude oil prices, offsetting a lift from two days of corporate takeover announcements, including several biotech deals on Monday and Charter Communications' plan to buy Bright House Networks for roughly $10 billion
  
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• Late slide in stocks erases much of the previous day's gain

  31-03-2015 22:58 via news.yahoo.com
  
  The stock market closed out the first three months of the year Tuesday on a down note, erasing much of the gains from the prior day's big rally.
  
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• Wall St. earnings estimates may not foretell currency impact

  31-03-2015 22:44 via news.yahoo.com
  
  An early example to watch is Monsanto Co , which reports results on Wednesday, April 1 for its fiscal quarter ended Feb. 28. On Jan 7, before the dollar's biggest moves of the quarter, the company said currency issues would reduce its 2015 earnings by between 15 cents and 20 cents, similar to 2014, when the dollar rose 12.8 percent against a basket of major currencies. At Monsanto, for example, other factors such as an improving outlook for corn planting may help offset currency losses, sai
  
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• US STOCKS-Wall St retreats but S&P, Nasdaq post quarterly gains

  31-03-2015 22:36 via news.yahoo.com
  
  U.S. stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise. The S&P's 500 quarterly winning streak was its longest since 1998, while the Nasdaq's was its longest ever. S&P 500 earnings are expected to have declined by 2.8 percent in the first quarter from a year ago, Thomson Reuters data showed. The Dow Jones industrial average fell 200.19 point
  
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• German unemployment falls to new post-unification low

  31-03-2015 19:32 via news.yahoo.com
  
  German unemployment fell in March to the lowest level since the country reunited in 1990 as the recovery in Europe's biggest economy continues to pick up speed, data showed on Tuesday. The number of people registered as unemployed in Germany fell by a seasonally-adjusted 15,000 to 2.798 million in February, the Federal Labour Office said. The unemployment rate -- which measures the jobless total against the working population as a whole -- slipped to 6.4 percent in March from 6.5 percent in
  
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• European stocks close lower on Greece jitters

  31-03-2015 19:29 via news.yahoo.com
  
  European stock markets closed significantly lower Tuesday following mixed eurozone data and contentious Greek bailout talks, while London's main index failed to gain after an upgrade of British economic growth. London's benchmark FTSE 100 tumbled 1.72 percent to end the day at 6,773.04 points.
  
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• BRIEF-Vision IT Group completes liquidation of its Belgian subsidiary Vision Ezos SA

  31-03-2015 19:02
  * Announces the liquidation of its Belgian subsidiary Vision
  Ezos SA
  
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• Here’s why more Wall Streeters are heading to Silicon Valley

  31-03-2015 18:17 via news.yahoo.com
  
  Getty Images/Chip Somodevilla Ruth Porat. Last week, Morgan Stanley’s chief financial officer of four years, Ruth Porat, announced she plans to join Google as its new CFO. She’s not the only one leaving Wall Street and heading to Silicon Valley. Goldman Sachs has lost several top people to West Coast tech companies over the past few years, including Anthony Noto and Sarah Friar. Noto took over as Twitter’s CFO, and Friar left for Salesforce and is now the CFO at Square.  It’s not jus
  
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• US stocks move lower a day after big jump

  31-03-2015 18:15 via news.yahoo.com
  
  U.S. stocks veered lower in midday trading Tuesday, relinquishing some of the gains from the day before. Industrial and energy stocks were among the biggest decliners. Oil prices extended their slide. Investors weighed positive economic data on housing and consumers with concerns over the possibility of a deeper slide in oil prices.
  
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• BRIEF-Pongs & Zahn to present insolvency plan to the creditors

  31-03-2015 18:11
  * Expects to present insolvency plan in next few weeks to
  the creditors
  
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• UPDATE 1-Aspiro soars as star-struck investors miss Jay-Z deal

  31-03-2015 18:08
  STOCKHOLM, March 31 (Reuters) - Shares in Aspiro soared by 1,000 percent on Tuesday as investors clamoured for a stake in the Swedish music streaming business bought by rapper Jay-Z this month - but...
  
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• UK's FTSE ends strong first quarter with sharp drop

  31-03-2015 18:07
  * Kingfisher up as investors welcome store closures (Updates with closing prices)
  
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• Former Putin allies question his political course

  31-03-2015 18:06 via news.yahoo.com
  
  MOSCOW (AP) — As Russian President Vladimir Putin marks 15 years in office, his former long-term allies are questioning his political course and warning of the economic consequences of his aggressive foreign policy.
  
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• Europe stocks close down

  31-03-2015 17:46 via news.yahoo.com
  
  Paris (AFP) - Europe's main stock markets closed lower Tuesday, with London's benchmark FTSE 100 tumbling 1.72 percent on the day to 6,773.04 points.
  
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• The Fastest-Growing Temp Jobs In 2015

  31-03-2015 17:41 via news.yahoo.com
  
  Temp employment continues to grow even in a more stable economy, a trend that's likely to continue over the next several years.
  
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• US stocks slightly lower a day after big jump

  31-03-2015 17:28 via news.yahoo.com
  
  Major U.S. stock indexes moved lower in morning trading Tuesday, as investors balanced positive economic data on housing and consumers with concerns over the possibility of a deeper slide in oil prices. The market is coming off big gains from the day before as it rounds out the end of the month.
  
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• US consumer confidence rises in March

  31-03-2015 17:07 via news.yahoo.com
  
  WASHINGTON (AP) — An improving job market drove U.S. consumer confidence higher this month after a dip in February, a promising sign for the economy as it heads into spring.
  
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• Singapore Airlines says not in talks to buy stake in HK Airlines

  31-03-2015 17:07 via news.yahoo.com
  
  Singapore Airlines Ltd (SIA) denied on Tuesday a media report that it is in talks to buy a stake in Hong Kong Airlines International Holdings Ltd. "We are not in talks to buy any stake in Hong Kong Airlines," said a spokesman at Singapore's flag carrier. The Wall Street Journal newspaper cited sources as saying that SIA is in talks to buy a minority stake in the Hong Kong-based short-haul carrier as part of an effort to tap into China's booming travel market. There was no immediate response to a
  
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• Greek bailout deal possible by end April: EU

  31-03-2015 16:55 via news.yahoo.com
  
  A deal on Greece's bailout is possible before the end of April, EU Council President Donald Tusk said Tuesday as Athens continued tough talks with its creditors on a disputed list of reforms. Experts from the International Monetary Fund and the European Union are scrutinising a list of economic reforms proposed by Athens in a bid to unlock another 7.2 billion euros ($7.8 billion) in loans to stave off possible bankruptcy and a euro exit. Orthodox Easter, traditionally a slow period in Greec
  
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• Ex-CEO Bertelsmann CEO files for personal insolvency

  31-03-2015 16:38
  FRANKFURT, March 31 (Reuters) - Thomas Middelhoff, the
  jailed former chief executive of Bertelsmann, has
  filed for personal insolvency, a court in Bielefeld, Germany
  said on Tuesday following the...
  
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• Market uncertainty tempers forecasts for equities' gains this year - Reuters poll

  31-03-2015 16:25 via news.yahoo.com
  
  By Rahul Karunakar and Hari Kishan (Reuters) - Uncertainty surrounding the timing of the U.S. Federal Reserve's interest rate hike has tempered analysts' forecasts for stock market gain...
  
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• If you're going to San Francisco, Zillow CEO has some tips

  31-03-2015 16:22
  
  NEW YORK (Reuters) - For Zillow Group Inc CEO Spencer Rascoff, San Francisco used to be home. These days, he frequents the city by the bay as a business traveler from the Seattle headquarters of...
  
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• Sprint settles U.S. class-action lawsuit for $131 million

  31-03-2015 16:09
  
  (Reuters) - Sprint Corp has agreed to a $131 million settlement of a class-action lawsuit accusing the third-largest U.S. wireless carrier of defrauding investors about problems dating back to its...
  
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• Market uncertainty tempers forecasts for equities' gains this year

  31-03-2015 15:49 via news.yahoo.com
  
  Uncertainty surrounding the timing of the U.S. Federal Reserve's interest rate hike has tempered analysts' forecasts for stock market gains this year, Reuters polls showed on Tuesday. Chinese and most European stocks have led the way with a stellar run, buoyed by stimulus from the People's Bank of China and the European Central Bank. Fund managers and strategists also warned that the prospect of an interest rate rise by the U.S. Federal Reserve this year will create turbulence in
  
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• UPDATE 3-Endurance to buy reinsurer Montpelier to add Lloyd's platform

  31-03-2015 15:44
  * Montpelier shares rise to 10-year high (Adds CFO comment; updates shares)
  
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• Amaya posts huge jump in adjusted profit; seeks Nasdaq listing

  31-03-2015 15:14 via news.yahoo.com
  
  By Euan Rocha TORONTO (Reuters) - Amaya Inc , which recently acquired online gambling sites PokerStars and Full Tilt, reported a near eight-fold rise in quarterly adjusted earnings on Tuesday, and outlined plans to seek a secondary listing on the Nasdaq. The Montreal-based company said it plans to win new clients and supplement growth from its core poker business through expansion into other areas such as sportsbetting, social gaming and fantasy sports. "We anticipate the launch of sports bettin
  
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• Global stocks meander at quarter's end

  31-03-2015 15:13 via news.yahoo.com
  
  LONDON (AP) — European stock markets drifted Tuesday despite further evidence of a burgeoning economic recovery across the 19-country eurozone. Trading, as is often the case at the end of the quarter, was impacted by traders looking to close out positions to make their books look as healthy as possible.
  
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• UPDATE 1-BioCryst wins US contract to continue Ebola drug development

  31-03-2015 14:31
  March 31 (Reuters) - BioCryst Pharmaceuticals Inc said it won a U.S. government contract to continue development of its potential treatment for Ebola and other viral diseases.
  
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• Sprint settles shareholder lawsuit for $131 mln

  31-03-2015 14:31
  March 31 (Reuters) - Sprint Corp has agreed to a $131 million settlement of a lawsuit accusing it of defrauding shareholders by issuing false and misleading statements about its tightened credit...
  
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• Psychological profiling, doors focus of French Germanwings probe

  31-03-2015 14:27
  BERLIN/PARIS, March 31 (Reuters) - French air accident authority BEA said its probe into the Germanwings crash would study "systemic weaknesses" that might have led to the disaster, such as...
  
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• Usiminas shareholder proposes Gasparino for chairman

  31-03-2015 14:22
  SAO PAULO, March 31 (Reuters) - A Brazilian investment firm proposed on Tuesday a candidate for chairmanship of steelmaker Usinas Siderúrgicas de Minas Gerais SA, which is entangled in a bitter...
  
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• UPDATE 1-CBRE to buy Johnson Controls' workplace solutions for $1.48 bln

  31-03-2015 14:19
  March 31 (Reuters) - Johnson Controls Inc, the largest U.S. auto parts maker, said it would sell its business that helps corporates manage their real estate energy needs to real estate services firm...
  
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• Aspiro soars on Tidal launch as star-struck investors miss Jay-Z deal

  31-03-2015 14:18
  STOCKHOLM, March 31 (Reuters) - Shares in music streamer Aspiro, a majority of which was bought earlier this month by hip-hop star Jay-Z, soared on Tuesday to as much as 11 times the price at which...
  
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• RPT-Lufthansa cancels 60th anniversary event

  31-03-2015 14:17
  BERLIN, March 31 (Reuters) - Lufthansa said it was cancelling its 60th anniversary celebrations in memory of those killed aboard the Germanwings plane crash in France last week.
  
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• Lufthansa cancels 60th anniversary event

  31-03-2015 14:16
  BERLIN, March 31 (Reuters) - Lufthansa said it was cancelling its 60th anniversary celebrations in memory of those killed aboard the Germanwings plane crash in France last week.
  
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• Ukraine government to list state-owned assets for privatisation - economy minister

  31-03-2015 14:15
  KIEV, March 31 (Reuters) - The Ukrainian government will consider a list of state-owned assets for privatisation at a cabinet meeting later on Tuesday, Economy Minister Aivaras Abromavicius said at a...
  
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• PRECIOUS-Gold eyes 3rd quarterly loss as expected US rate rise drags

  31-03-2015 14:15
  * Coming up: U.S. consumer confidence at 1400 GMT (Updates prices)
  
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• MOVES-Tilney Bestinvest appoints Suki Copeland group human resources director

  31-03-2015 14:15
  March 31 (Reuters) - London-based financial planning and investment advisory Tilney Bestinvest appointed Suki Copeland group human resources director.
  
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• Chuck Schumer: 15 Things You Didn’t Know

  31-03-2015 14:15 via news.yahoo.com
  
  When Senate Minority Leader Harry Reid surprised Washington last week with the announcement he would retire from the Senate in early 2017 and not seek reelection, one of the first people he told was New York Sen. Chuck Schumer. Reid almost immediately endorsed Schumer, 64, to replace him as key Senate Democratic leader. Sen. Dick Durbin of Illinois, the number-two Senate Democrat, said he wouldn’t stand in the way, and now Sen. Patty Murray, also mentioned as a potential Reid replacement, said
  
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• Markets sleepwalk as British election looms: James Saft

  31-03-2015 14:14
  
  (Reuters) - Wildly unpredictable and potentially having a huge impact on future growth, Britain's upcoming general election is the kind of event financial markets should hate.
  
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• FOREX-Euro heads for worst quarter ever, skids on Greece worries

  31-03-2015 14:13
  LONDON, March 31 (Reuters) - The euro skidded to a 10-day low against the dollar on Tuesday, leaving it on track for its worst quarter ever, as investors bet the monetary policies of the euro zone...
  
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• UPDATE 1-Strong case for June rates liftoff, says Fed's Lacker

  31-03-2015 14:12
  RICHMOND, Va., March 31 (Reuters) - The Federal Reserve will have a "strong" case to hike U.S. interest rates in June, a hawkish Fed official said on Tuesday, dismissing recently weak economic data...
  
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• India's Biocon to file for Syngene unit's IPO in 2 months -sources

  31-03-2015 14:07
  MUMBAI, March 31 (Reuters) - Indian biotechnology firm Biocon Ltd could file a prospectus for a share listing for its research services business arm Syngene International within the next two months,...
  
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• Russian firms to bid for Greek oil and gas drilling tender- min

  31-03-2015 14:06
  ATHENS, March 31 (Reuters) - Greece's energy minister said on Tuesday that major Russian firms will take part in a Greek tender for deep-sea oil and gas exploration, after the cash-strapped country...
  
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• UPDATE 3-Major power outage hits cities and provinces across Turkey

  31-03-2015 14:04
  * Oil refineries, airports still functioning as normal (Adds latest from energy minister, airports, oil refiner)
  
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• Sri Lankan shares recover from over 8-mth low; political woes weigh

  31-03-2015 14:02
  COLOMBO, March 31 (Reuters) - Sri Lankan shares rose on Tuesday, recovering from a more than eight-month closing low hit in the previous session and snapping a six-session losing streak, due to...
  
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• Gold prices to bottom out in 2015 after two-year slide - report

  31-03-2015 14:00
  * Arrival of first rise in U.S. rates will remove uncertainty
  
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• Strong case for June rates liftoff, says Fed's Lacker

  31-03-2015 13:54
  RICHMOND, Va., March 31 (Reuters) - The Federal Reserve will have a "strong" case to hike U.S. interest rates in June, a hawkish Fed official said on Tuesday, dismissing recently weak economic data...
  
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• GLOBAL MARKETS-Greece worries compound euro's record quarterly fall

  31-03-2015 13:53
  * European stocks dip but up 16 pct on quarter, DAX up 23 pct
  
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