Finance news

• Cameron's Conservatives lead Labour as UKIP falls - poll

  11-04-2015 22:05 via news.yahoo.com
  
  British Prime Minister David Cameron's Conservatives took a two percentage point lead over the opposition Labour Party as support for the UK Independence Party fell ahead of the May 7 general election, an Opinium survey showed. The closest British election in a generation has flummoxed seasoned politicians, diplomats and financiers who are poring over opinion polls and Westminster seat predictions to see who might rule the $2.8 trillion economy. Opinion polls indicate neither the Conservati
  
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• Zimbabwe trade union marches to demand jobs

  11-04-2015 20:55 via news.yahoo.com
  
  Around 200 people from Zimbabwe's main trade union on Saturday marched to government offices in Harare to demand that President Robert Mugabe fix the ailing economy and fulfil an election promise to create over two million jobs. Workers belonging to the Zimbabwe Congress of Trade Unions (ZCTU) also protested against proposed salary and job cuts for civil servants. Addressing the workers, ZCTU leader George Nkiwane said Mugabe's ZANU-PF government must fulfil its election promise to cre
  
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• Euro zone officials shocked by Greece's stance: Germany's FAS paper

  11-04-2015 19:50 via news.yahoo.com
  
  Euro zone officials were shocked at Greece's failure to outline plans for structural reforms at last week's talks in Brussels, a German newspaper on Saturday cited participants as saying, adding the Greek representative behaved like a "taxi driver". A meeting of deputy finance ministers on Thursday gave Athens a six working day deadline to present revised economic reform plans before euro zone finance ministers meet on April 24 to consider unlocking emergency funding to keep Greece afloat. Euro
  
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• Ivory Coast says gets U.S. approval for direct flights

  11-04-2015 17:17 via news.yahoo.com
  
  Ivory Coast has received authorization from the United States to start direct flights between the two countries, officials said on Saturday, boosting the West African nation's hopes of becoming a regional transport hub. The world's top cocoa producer, Ivory Coast is emerging from a decade-long political crisis that ended in a brief civil war in 2011, and is now attracting investors again. The African Development Bank moved its headquarters back to the commercial capital Abidjan last year, after
  
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• CORRECTED-Main players in Ukraine debt battle prepare to face off

  11-04-2015 16:26
  LONDON, April 9 (Reuters) - Three years after facing off over Greece's debt workout, the two giants of debt restructuring - Lazard and Blackstone - are again preparing to do battle, one for Ukraine...
  
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• Nigerians vote for powerful state governors

  11-04-2015 15:25 via news.yahoo.com
  
  By Tim Cocks and Julia Payne LAGOS, (Reuters) - The final stage of Nigeria's election began on Saturday with voting for powerful state governors, two weeks after a presidential poll saw an incumbent leader unseated at the ballot box for the first time. The 36 governors are among the most influential politicians in Nigeria, Africa's biggest oil producer and top economy, with budgets larger than those of small nations and influence that can decide who goes on presidential tickets. Voting
  
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• German economy minister plays down boost from EU-U.S. trade deal: magazine

  11-04-2015 14:56 via news.yahoo.com
  
  Germany's economy minister warned on Saturday against overblowing expectations for an economic boost from a trade deal between the United States and European Union but said the pact was needed to set high common standards for consumers. The European Commission is trying to finalize a deal on the Transatlantic Trade and Investment Partnership (TTIP), which some experts say could generate $100 billion a year in additional economic output on both sides of the Atlantic. It would eliminate all t
  
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• ECB sees risks in Greece's planned home foreclosure law

  11-04-2015 14:40 via news.yahoo.com
  
  By George Georgiopoulos ATHENS (Reuters) - Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan. Greece's Economy Ministry had asked for the ECB's views on the draft legislation, which seeks to protect indebted citizens from losing their primary homes -- and fulfills a pledge by the governin
  
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• France's Vivendi says will not bid for Lagardere

  11-04-2015 12:57
  
  PARIS (Reuters) - French media group Vivendi , with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere .
  
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• GE to sell bulk of finance unit, return up to $90 billion to investors

  11-04-2015 12:08
  
  (Reuters) - General Electric Co will shed most of its finance unit and return as much as $90 billion to shareholders as it becomes a “simpler” industrial business instead of an unwieldy hybrid of...
  
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• U.S. Patent Office revokes key elements of controversial podcasting patent

  11-04-2015 06:11
  April 10 (Reuters) - The U.S. Patent Office on Friday revoked key elements of a Texas company's patent, which the firm deployed in high-profile legal actions to claim ownership over a method for...
  
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• Apple in talks with musicians for exclusive streaming deals -Bloomberg

  11-04-2015 03:48
  April 10 (Reuters) - Apple Inc has approached more than a dozen musicians, including British band Florence and the Machine, in an effort to sign exclusive deals for some of their music to be streamed...
  
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• U.S. opens comment forum on Gulf airline subsidy claims

  11-04-2015 03:47
  April 10 (Reuters) - The Obama administration on Friday solicited comments from interested parties about U.S. airline and unions' claims that Gulf carriers have received market-distorting subsidies,...
  
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• Yum's upmarket China diner seeks recipe for revival

  11-04-2015 03:26
  SHANGHAI, April 11 (Reuters) - Dimmed lights and colonial-style balconies give little indication that trendy Shanghai eatery Atto Primo is part of global fast-food giant Yum Brands Inc, owner of the...
  
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• UPDATE 1-Mexico telecoms regulator looking at options after voided TV license

  11-04-2015 02:30
  MEXICO CITY, April 10 (Reuters) - Mexico's telecoms regulator said on Friday it will analyze its next step after a media group backed out from paying for a new TV network, undermining the...
  
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• Big funds turn bullish on oil; Hall bets on rally H2 onwards

  11-04-2015 02:28
  NEW YORK (Reuters) - Big money investors are calling a bottom in oil prices, U.S. government data showed on Friday, with hedge fund heavyweight Andy Hall predicting "much stronger prices" from the...
  
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• DIARY- Emerging Markets Economic Events to April 23

  11-04-2015 02:02
  ** This Diary is filed daily *** -------------------------------------------------------------
  
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• Mexico telecoms regulator looking at options after voided TV license

  11-04-2015 02:01
  MEXICO CITY, April 10 (Reuters) - Mexico's telecoms regulator said on Friday that it will analyze its next step after media group Grupo Radio Centro failed to pay a sum to secure one of two new TV...
  
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• DIARY- Top Economic Events to April 21

  11-04-2015 02:01
  ** This Diary is filed daily ** ----------------------------------------------------------- TOP ECONOMIC EVENTS
  
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• Creditors agree not to execute on OGX DIP financing

  11-04-2015 01:29
  SAO PAULO, April 10 (Reuters) - Creditors of Brazil's OGX
  Petroleo e Gas, the bankrupt oil company created by tycoon Eike
  Batista, agreed not to execute payments or guarantees stipulated
  in a...
  
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• Netflix seeks to raise share authorization in step to stock split

  11-04-2015 01:26
  April 10 (Reuters) - Netflix Inc is seeking to increase its share authorization by nearly 30 times, the video streaming service said in a filing with regulators.
  
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• Fed takes back seat as market shifts focus to earnings

  11-04-2015 01:20 via news.yahoo.com
  
  With earnings season underway, Wall Street is temporarily putting the U.S. Federal Reserve and macroeconomic policy on the back burner in favor of a focus on individual company results and forecasts for a pulse on the economy's health. A slew of big banks, including JPMorgan Chase & Co and Bank of America Corp, is due to report first-quarter earnings next week, providing an expected bright spot in an otherwise gloomy quarter. Profits of companies on the S&P 500 are projected to have
  
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• Blackstone swooped on regulation-weary GE to do mega real estate deal

  11-04-2015 01:20
  April 10 (Reuters) - It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. Yet the seeds of...
  
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• UPDATE 8-Backlogged orders as shoppers get close-up look at Apple Watch

  11-04-2015 01:18
  * Customers can test watches, order online (Adds comment from analyst, details from store in San Francisco, closing stock price)
  
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• UPDATE 1-Takata air bag on Honda Civic linked to another injury

  11-04-2015 01:17
  April 10 (Reuters) - Faulty air bags supplied by Takata Corp have been linked to another injury involving a Honda Motor Co car in Florida in March.
  
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• Mexico's Radio Centro did not pay fee for new TV network

  11-04-2015 01:06
  MEXICO CITY, April 10 (Reuters) - Mexican media firm Grupo Radio Centro on Friday said it did not pay the sum it offered for one of two new TV networks recently auctioned under a landmark...
  
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• British Columbia: oil spill response shows unprepared for more tankers

  11-04-2015 00:50
  VANCOUVER, April 10 (Reuters) - British Columbian officials on Friday criticized the Canadian government's response to an oil spill in the waters around Vancouver, calling into question plans for new...
  
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• UPDATE 1-Wal-Mart says Walton family to sell shares to keep lid on stake

  11-04-2015 00:38
  April 10 (Reuters) - Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer's outstanding shares in a newly formed trust for possible sale to offset expected increases in...
  
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• GE's CEO and his stock win a boost after a long dry spell

  11-04-2015 00:38
  April 10 (Reuters) - General Electric Co Chief Executive Jeff Immelt has had a bumpy ride for the past seven years, navigating economic turbulence, swapping in and out of businesses and struggling to...
  
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• UPDATE 1-Pimco Total Return Fund slashes US government-related holdings in March

  11-04-2015 00:34
  NEW YORK, April 10 (Reuters) - The Pimco Total Return Fund decreased its exposure in U.S. government-related securities to 21.60 percent in March, from 35.29 percent in February, according to Pimco's...
  
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• CORRECTED-OFFICIAL-Wal-Mart says Walton family to sell shares to keep lid on stake

  11-04-2015 00:20
  April 10 (Reuters) - Wal-Mart Stores Inc said the Walton family was putting 6 percent of the retailer's outstanding shares in a newly formed trust for possible sale to offset expected increases in...
  
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• Takata air bag on Honda Civic linked to another injury

  11-04-2015 00:14
  April 10 (Reuters) - Faulty air bags supplied by Takata Corp have been linked to another injury involving a Honda Motor Co car in Florida in March.
  
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• Spotify nears deal to raise $400 mln, valuing it at $8.4 billion: WSJ

  11-04-2015 00:05
  (Reuters) - Spotify AB is nearing a deal to raise $400 million, valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter.
  
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• Spotify nears deal to raise $400 million, valuing it at $8.4 billion - WSJ

  11-04-2015 00:02 via news.yahoo.com
  
  (Reuters) - Spotify AB is nearing a deal to raise $400 million (273 million pounds), valuing the music streaming service provider at $8.4 billion, the Wall Street Journal reported, citing people familiar with the matter. The terms of the funding, Spotify's seventh, have been set and is expected to close in the coming weeks, one of the people told the Journal. Goldman Sachs Group Inc and Abu Dhabi's sovereign wealth fund have agreed to invest in the round and Spotify has also held talks
  
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