Finance news

• UPDATE 3-Fed watching recent U.S. weakness; rate-hike timing unclear -Dudley

  06-04-2015 23:50
  NEWARK, N.J., April 6 (Reuters) - The timing of the Federal Reserve's interest rate hike, which would be its first in nearly a decade, is unclear and for now policymakers must watch that the U.S....
  
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• U.S. announces first antitrust e-commerce prosecution

  06-04-2015 23:40
  April 6 (Reuters) - The U.S. Department of Justice's antitrust division on Monday announced its first prosecution specifically targeting Internet commerce, saying a man has agreed to plead guilty to...
  
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• Poisoning at Caribbean resort under U.S. investigation

  06-04-2015 23:38
  April 6 (Reuters) - Federal authorities are investigating a possible pesticide poisoning that left two Delaware boys in comas after a family vacation to the U.S. Virgin Islands last month, U.S....
  
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• Grupo Mexico sells more shares in airport operator GAP

  06-04-2015 23:36
  MEXICO CITY, April 6 (Reuters) - Railroad and mining company Grupo Mexico has further trimmed its stake in Mexican airport operator Grupo Aeroportuario del Pacifico to 23.6 percent, from the 24.8...
  
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• Maine's Republican governor renews welfare-reform push

  06-04-2015 23:35 via news.yahoo.com
  
  By Dave Sherwood BRUNSWICK, Maine (Reuters) - Maine Governor Paul LePage on Monday revived legislation to crack down on welfare fraud, making good on a 2014 campaign promise to tighten restrictions on the state's public assistance programs and help speed the transition from "welfare to work." LePage's bill would require applicants for Temporary Assistance for Needy Families to apply for three jobs before receiving state aid, while prohibiting use of electronic benefit cards to purchase tobacco,
  
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• UPDATE 1-Ocular's eye drug misses a main goal in second late-stage study

  06-04-2015 23:25
  April 6 (Reuters) - Ocular Therapeutix Inc said its lead eye drug failed to meet one of the main goals in a second late-stage study.
  
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• CANADA FX DEBT-C$ posts modest gain as crude rises, US$ eases

  06-04-2015 22:56
  * Canadian dollar at C$1.2478 or 80.14 U.S. cents * Bond prices mixed across the maturity curve By Solarina Ho TORONTO, April 6 (Reuters) - The Canadian dollar made modest gains against its U.S....
  
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• Wall Street ends higher as weak data reduces rate hike worries

  06-04-2015 22:50 via news.yahoo.com
  
  By Caroline Valetkevitch NEW YORK (Reuters) - U.S. stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising interest rates offset concerns over Friday's surprisingly weak jobs report. The jobs report was well below expectations, with data showing U.S. employers last month added the fewest jobs in more than a year.
  
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• Washington urges Athens to 'fully commit' to bailout talks

  06-04-2015 22:49 via news.yahoo.com
  
  WASHINGTON (Reuters) - A U.S. official urged Greece to "fully commit" to technical negotiations so that it can finalize economic reforms needed to unlock further bailout funds, a U.S. Treasury official said on Monday.
  
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• Sete Brasil signs memorandum suspending debt for 90 days

  06-04-2015 22:47
  SAO PAULO, April 6 (Reuters) - Brazilian oil rig producer Sete Brasil Participações SA said on Monday it signed a memorandum of understanding with its main creditors on March 31 that will suspend...
  
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• Stocks gain as U.S. jobs data eases concerns on Fed rate hike

  06-04-2015 22:46 via news.yahoo.com
  
  By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks rose on Monday after a weaker-than-expected jobs report drove expectations that the Federal Reserve will postpone its first interest rate increase in nearly a decade. In currency markets, the U.S. dollar index moved between a decline of 0.2 percent and a rise of 0.7 percent, and Wall Street equities came off their highs as the dollar strengthened in the afternoon. The U.S. stock market was closed on Friday when the March jobs report was release
  
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• GLOBAL MARKET-Stocks gain as US jobs data eases concerns on Fed rate hike

  06-04-2015 22:35
  * Oil climbs sharply but still well off recent peak (Updates to close of U.S. trading)
  
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• US stock indexes gain in quiet trading; oil price surges

  06-04-2015 22:34 via news.yahoo.com
  
  NEW YORK (AP) — Expectations that the Federal Reserve will be slow to raise interest rates following a weak jobs report last week helped send the stock market up on Monday. A jump in the price of crude oil set off a rally in energy stocks.
  
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• Greece puts a figure on World War Two reparation claims from Germany

  06-04-2015 22:30
  ATHENS, April 6 (Reuters) - Greece's deputy finance minister said on Monday Germany owes Greece nearly 279 billion euros ($305.17 billion) in reparations for the Nazi occupation of the country.
  
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• BlackRock to close or combine some money-market funds - WSJ

  06-04-2015 22:27 via news.yahoo.com
  
  (Reuters) - BlackRock Inc , the world's largest money manager, will close or consolidate some money-market funds as the company responds to recent regulatory reforms, the Wall Street Journal reported. BlackRock is considering changing its fund lineup to comply with rules adopted by the U.S. Securities and Exchange Commission in July, the company said in a letter to clients on Monday, according to the report. The SEC adopted reforms requiring "prime" money funds used by institutional investors to
  
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• LatAm credits end mixed day with a positive tone

  06-04-2015 22:24
  NEW YORK, April 6 (IFR) - A rally in global oil prices lifted energy-related names while a sell-off in US Treasuries helped sovereign and corporate spreads tighten in the Latin American debt markets...
  
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• Wall Street ends up; jobs data eases Fed rate hike concerns

  06-04-2015 22:10 via news.yahoo.com
  
  NEW YORK (Reuters) - U.S. stocks rose on Monday as expectations that the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday's surprisingly weak jobs report.
  
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• BlackRock to close or combine some money-market funds: WSJ

  06-04-2015 22:08
  (Reuters) - BlackRock Inc, the world's largest money manager, will close or consolidate some money-market funds as the company responds to recent regulatory reforms, the Wall Street Journal...
  
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• Hezbollah says Iran nuclear agreement 'rules out specter of regional war'

  06-04-2015 21:58 via news.yahoo.com
  
  The leader of Lebanon's Hezbollah said on Monday that a framework nuclear agreement that Iran reached with world powers last week rules out the specter of regional war. "There is no doubt that the Iranian nuclear deal will be big and important to the region," Sayyed Hassan Nasrallah said in an interview with Syria's al-Ikhbariya television. "The agreement, God willing, rules out the specter of regional war and world war," he said. The tentative accord, struck on Thursday after eight days of talk
  
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• Oil up as Iran output boost seen as distant

  06-04-2015 21:54 via news.yahoo.com
  
  Oil prices bolted higher Monday on doubts last week's nuclear agreement between Iran and global powers will soon lift crude supplies. Oil prices had fallen Thursday on news of a framework agreed between Iran and international powers that paves the way for Tehran to curtail its nuclear activity in exchange for relief from punishing economic sanctions, including on oil investment. Such a move would require additional negotiations with Iran, as well as clearance from international weapons insp
  
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• Tweet on Altera-Intel talks came after options trades

  06-04-2015 21:54 via news.yahoo.com
  
  By Saqib Iqbal Ahmed NEW YORK (Reuters) - A March 27 tweet sent the same minute as news broke that chipmaker Intel Corp was in talks to buy Altera Corp appeared to come after very timely trades in Altera's options by several seconds, according to Thomson Reuters data. The tweet by Wall Street Journal reporter Dana Mattioli, sent the same minute as the headlines, led to speculation that it may have spurred the timely options trades. The tweet, however, was sent 19 seconds after the initial o
  
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• TREASURIES-Prices slide after Friday's U.S. jobs report-related gains

  06-04-2015 21:48
  * Jump in oil prices weigh on Treasuries (Adds comment, updates prices)
  
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• College watch list a 'caution light'

  06-04-2015 21:31
  LOS ANGELES (Reuters) - Regulators recently made public a once secret watch list of around 550 colleges under scrutiny for financial irregularities. But inclusion on the list doesn't automatically...
  
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• UPDATE 1-College watch list a 'caution light'

  06-04-2015 21:11
  LOS ANGELES, April 6 (Reuters) - Regulators recently made public a once secret watch list of around 550 colleges under scrutiny for financial irregularities. But inclusion on the list doesn't...
  
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• UPDATE 2-Regulators enter Citibank Argentina building as debt battle heats up

  06-04-2015 20:57
  BUENOS AIRES, April 6 (Reuters) - Argentine central bank regulators entered Citibank Argentina's headquarters on Monday, as the battle intensified between the government and a group of U.S. hedge...
  
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• Hong Kong's PCCW ends bid for stake in Orange's Dailymotion

  06-04-2015 20:25 via news.yahoo.com
  
  Hong Kong's PCCW Group said Monday it is ending its bid to take a 49 percent stake in Orange's Dailymotion, citing the French government's preference for a European partner for the French video-sharing platform. "The desire of the French government to encourage the search for a European solution discourages participation of international companies," PCCW said in a statement explaining its decision. Orange has owned Dailymotion -- a rival of YouTube -- since 2012 and has
  
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• Wall St. climbs as weak data reduces rate worries

  06-04-2015 20:15 via news.yahoo.com
  
  U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over Friday's surprisingly weak jobs report. "The weekend allowed market participants to see the positive side of the weak Friday number, which is that rates probably aren't going to rise very quickly," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey. At 1:45 p.m. EDT (1745 GMT), th
  
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• Drought-parched California expecting welcome dose of spring rain

  06-04-2015 20:06
  LOS ANGELES, April 6 (Reuters) - A spring storm was expected to bring several inches of rain to some areas of drought-parched California and up to two feet of snow to mountains beginning late on...
  
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• GLOBAL MARKET-Stocks gain; weak U.S. jobs data eases Fed concerns

  06-04-2015 19:57
  * Fed seen delaying rate hike after unexpectedly weak jobs data
  
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• Wealth manager HighTower hires eight-member team from Morgan Stanley

  06-04-2015 19:32
  (Reuters) - Chicago-based independent wealth management firm HighTower Advisors LLC said it has hired an eight-member team which managed about $750 million in assets at Morgan Stanley.
  
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• Focus Financial adds $600 million wealth management team

  06-04-2015 19:31
  (Reuters) - Focus Financial Partners LLC added to its network the Fiduciary Group, a $600 million registered investment adviser based in Savannah, Georgia.
  
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• UPDATE 1-New Jersey Supreme Court to take up pension funding appeal

  06-04-2015 19:20
  April 6 (Reuters) - The New Jersey Supreme Court on Monday agreed to hear the state's appeal of a lawsuit over pension contributions, a case with billions of dollars of public funding at stake and...
  
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• Brazil will be able to tighten its budget, Bradesco CEO says

  06-04-2015 19:16
  SAO PAULO, April 6 (Reuters) - The top executive of private-sector lender Banco Bradesco SA on Monday said the Brazilian government has the ability to tighten its budget, reversing years of economic...
  
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• Sete Brasil close to obtaining loan relief, Bradesco CEO says

  06-04-2015 19:14
  SAO PAULO, April 6 (Reuters) - A group of commercial banks and state-controlled oil producer Petróleo Brasileiro SA are close to extending loan refinancing to ailing oil rig producer Sete Brasil...
  
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• Fed watching recent U.S. weakness; rate-hike timing unclear: Dudley

  06-04-2015 19:07 via news.yahoo.com
  
  The timing of the Federal Reserve's interest rate hike, which would be its first in nearly a decade, is unclear and for now policymakers must watch that the U.S. economy's surprising recent weakness does not signal a more substantial slowdown, a top Fed official said on Monday. New York Fed President William Dudley's comments were the latest sign that a string of disappointing economic data, including a sharp drop in jobs growth last month, is derailing a Fed plan to tighten monet
  
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• New Jersey Supreme Court to take up pension funding appeal

  06-04-2015 18:56
  April 6 (Reuters) - The New Jersey Supreme Court agreed to hear the state's appeal of a lawsuit over pension contributions, a case with billions of dollars of public funding at stake and the end of a...
  
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• US financier Rogers says now may be time to invest in Russia

  06-04-2015 18:41 via news.yahoo.com
  
  Now may be the time to invest in Russian shares because oil prices have hit bottom and the Russian stock market is rising, veteran U.S. financier Jim Rogers said on Monday. "I'm very optimistic about the future of Russia," he told a conference in Moscow arranged by investment firm BCS. The dollar-denominated RTS index of Russian stocks fell by 45 percent last year as oil prices plunged and Western countries imposed sanctions over Russia's support of separatist rebels Ukraine. Rogers, who now liv
  
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• State Street may roll out more ETFs linked to star managers

  06-04-2015 18:23
  BOSTON, April 6 (Reuters) - Ron O'Hanley, the new leader of State Street's $2.45 trillion asset management division, says he will look closely at expanding the bank's stable of bond-related products...
  
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• Wall St. gains as weak jobs data seen delaying Fed rate rise

  06-04-2015 18:22 via news.yahoo.com
  
  U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday. Labor Department data showed U.S. employers last month added 126,000 jobs, the lowest in more than a year and well below expectations.
  
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• EMERGING MARKETS-Latin American markets gain on weak U.S. jobs data

  06-04-2015 18:19
  RIO DE JANEIRO, April 6 (Reuters) - Latin American currencies and stocks gained on Monday after weaker-than-expected U.S. jobs data suggested the Federal Reserve may take longer to raise borrowing...
  
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• Cuba says U.S. companies won't get preferential treatment

  06-04-2015 18:17 via news.yahoo.com
  
  U.S. companies can expect the same treatment as those from the rest of the world, receiving neither special benefits nor punishment, if there is a further commercial opening between Cuba and the United States, Cuba's foreign trade minister said. "U.S. business people will enjoy the same treatment that is offered to the rest of the world that has ties with the island today," Rodrigo Malmierca, the minister of foreign trade and investment, said in an interview published in official
  
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• Wall Street gains as weak jobs data seen delaying Fed rate rise

  06-04-2015 18:16 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - U.S. stocks rose on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday. Labor Department data showed U.S. employers last month added 126,000 jobs, the lowest in more than a year and well below expectations. On Monday, New York Fed President William Dudley said the central bank will need to determine whether
  
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• COLUMN-College watch list a 'caution light'

  06-04-2015 17:55
  LOS ANGELES, April 6 (Reuters) - Regulators recently made public a once secret watch list of 556 colleges under scrutiny for financial irregularities. But inclusion on the list doesn't automatically...
  
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• Dollar falls, global stocks gain after Friday U.S. jobs data

  06-04-2015 17:34 via news.yahoo.com
  
  By Herbert Lash NEW YORK (Reuters) - The dollar weakened further on Monday but stocks on Wall Street rose after a disappointing U.S. jobs report on Friday likely postponed the Federal Reserve's first interest rate increase in nearly a decade. Asian equity markets rose after U.S. Labor Department data for March showed employers added the fewest jobs in more than a year. The gain of 126,000 jobs last month was well below economists' expectations for an additional 245,000. Investors are c
  
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• GLOBAL MARKET-Dollar falls, stocks gain after Friday U.S. jobs data

  06-04-2015 17:30
  * Expectations rise that Fed to put off rate hike after jobs data
  
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• TSX gains as resource shares track commodity prices higher

  06-04-2015 17:20 via news.yahoo.com
  
  By Solarina Ho TORONTO (Reuters) - Canada's main stock index was broadly higher on Monday with gold-mining shares, bolstered by rising bullion prices, leading the charge. A much weaker-than-expected U.S. jobs report for March on Friday was the latest in a recent string of weaker U.S. economic data that has added to growing speculation the Federal Reserve will delay a much anticipated interest rate hike. "Our view is that rates are staying lower for longer," said Bryden Teich, asso
  
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• Wall Street up as Fed seen delaying move; utilities jump

  06-04-2015 16:50 via news.yahoo.com
  
  U.S. stocks edged up on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday. Investors are concerned that a series of soft economic data, including jobs, factory activity and consumer spending, may point to more than a weather-related slowdown and could indicate a loss of momentum in the U.S. economy. "The market seems to be very confused whe
  
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• Cheap oil weighs on firms' outlook: Bank of Canada survey

  06-04-2015 16:38 via news.yahoo.com
  
  Lower oil prices have dampened the overall sales outlook for Canadian companies and have weighed on their investment and hiring intentions, though many expect to see a benefit from a stronger U.S. economy, a Bank of Canada survey showed on Monday. Lower prices for oil, which is a major export for Canada, significantly dampened the near-term outlook for companies in the energy sector, the survey showed, while there was also some spillover into other sectors. Companies said they will invest about
  
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• US stock indexes drift following weak jobs report

  06-04-2015 16:32 via news.yahoo.com
  
  NEW YORK (AP) — The stock market is flipping from losses to gains on Monday following a weak jobs report late last week. A rise in crude oil above $50 a barrel helped pull energy companies up.
  
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• US service firms grew at slightly slower pace last month

  06-04-2015 16:31 via news.yahoo.com
  
  WASHINGTON (AP) — U.S. service firms expanded at a slightly slower yet still healthy pace in March, an encouraging sign after multiple reports last week pointed to a slowing economy.
  
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